The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1874-06-20
AN ORDINANCE.

whereas, nj an election held IN the city of
Dnllns on the l2th and 18th dnys OF July, 1891,
upOu II proposition that the city Of Dallas
should take stock la the Dallas and Wichita
railroad company to the amount OF ono hun
drod thousand dollars, and issue bonds OF
drcd thousand dollars therefor payable IN
twenty yenlH, and bclflnB Interest at the
rate of ten per cent per hnnum, payable
olnl.nnnunlly, twO.thlrds OF the qualified
voters of said city voted In favor of said pro-
position aud tho city council of the city Of
Onllils, On the 10Th day OF July, 1872, declared
said proposition carried by the requisite ma
lOrily ana,
Whorons, nt nm elcctlod held on the second
day Of December, A. ID. 1874, upon n PROPOSE
tlOn 10 tissue tu the Dallas and Wichita rail-
rond company ilitoen thousand dollars OF
said bonds upon tie completion Of the grad
Ing ana bridging of cnch section OF ave miles
of sud railroad, twO.thirds of the qualified
voters of said city voted In favor OF said pro-
position, nnd tho city council Of the city Oi
Dlllns, on the FIRST day of january, a, D.
lMi, declared said proposition carried by tho
requisite majority therefore,
he II ordained by the city council OF tn,
city of Dallas. section |. TINT one hundred
bonds Of the city Of Dallas of tho dunOmlnn.
ton Of one thousand dollars euCh number
od from one 10 one hundred incluslYel, payn
BILE twenty yunrs from date, bearing Interest
at the rate OF ten per cent per Nnnun, inter
oW payable Scmi-nnnunlly Interest 10 De
! ltplthNulou ny lhllA tpNloln VI INC ufHblnl'
nation of ility dollars each, be autographed
at the expense of SHid rnillond company
thOl tho mayor IL hOfVhy instructed, upon
tho completion ofthe grading and bridging
of each section ct ave Miles of mid road and
OF the fractional section completing the dis
lance tO the county line, and upon the IN.
VOrnblc report of tho city engineer, and the
acceptance Of Hnid work by the city council
TO Sign nhd have the secretary count0lsigll
aud 10 forward 10 the comptroller OF public
accounts of the state of ToN0s for registration,
n sufficient number of Bnid bonds not to ex-
coed In amount the sum of nlty thousand
dollars, To meet the demands of the railrond
company, under The provisions OF the two
propositions hercinbeiore rciorrod TO w voted
upon by the cilN of Dallas.
Section >. ThisSsnid bonds be delivered by
the mayor ofthc city of Dallas to the railroad
COMPANY, according 10 the terms of said pro-
position md upon delivery by the said rail-
fuud of an cuuNl amount OF FUN paid stock u
| the city of DALLAS In said railroad company.
section 2, That upon completion of Md
rnllrond to the county line, according To the
original proposition iA voted for on the Eth
and 18th days Of July, 1879 aforesaid aud
upon the favorable report of the city ougin-
| cor OF the city of Dallas upon snld work No
completed and the reception OF the road by
| the city council OF the city of Dallas, rit
mayor shall then he autholiHed 10 sign and
| have the secretary couutcrSgn aud forward
| to the comptroller of public accounts, NJ
aforesaid, the remainder OF Snid one hundred
thousand dollars OF said bonds, and deliver
| the same To tho said railroad upon the recep.
| tion of an equal amount of pnld up capital
| stock of snid ralltond company.
| Section I, That there shall be assessed and
| levied nm annual nd v0lorcm tax of forty-twC
aud onc-hnlf cents on the one hundred dol.
lars value OF taxable property, both real and
PERSONAL lying and situated In the city o
Dallas, 10 provide for the payment of til,
interest on said bonds, aud to create n sink.
ing fund Tor the redemption of the principal
OF the same.
Section b. That upon the. issuance ofuny
nance, the secretary of the city shall notify
the assessor and collector OF the fact, who
shall at once proceed to collect onc-half Of
the annual tax levied under the fourth sec.
ton of this ordinance.
Approved May 20, 1874.
W. l.. CABEIiL, Mayor.
W. IL. PRAriER, Secretary. lO9d7i