The Dallas daily herald. [volume] (Dallas, Tex.) 1873-1887, 1874-06-02
THESE SAD RESULTS.
AN ORDINANCE.

Whereas, at an election held In the city of
Dallas ON the 18th and 18th days of July, 1872,
upon II proposition that the city of Dallas
should take stock in the Dallas and Wichita
railroad company, to the amount OF one hun
dred thousand dollars, and issue bonds of
the city of Dallas to the amount of one
hundred thousand dollars therefor, payable
in twenty yea}s, and bearing interest atthe
semi-annually, two-thirds OF the qualified
voters ofsaid city voted in favor of said prop.
osition, and the city council of the city of
Dallas, on the 18th day Of July, 1872, decared
said proposition carried by the requisite ma
jority, and
Whereas, at an election held on the second
day of December, A. d. 1873, upon PROPOSE
ton to issue to the Dallas and Wichita rail-
road company fifteen thousand dollars Of
said bonds upon the completion Of the grad,
ing and bridging Ofeacli section OF five miles
of said railroad, twO-thirds of the qualified
voters OF said city voted In favor of said pro.
position, and the city council of the city OF
Dallas, on the first day of January, a. ID.
1874, declared said proposition carried byithe
REQUISITE majority; therefore,
BE IT ordained by the city council of the
city OF Dallas, section first, That one hun
dred bonds Gfthe city gf dallas Of the de.
nomination of one thousand dollars each,
numbered from one To one hundred inclu-
siyel, payable twenty years from date, bear
ing interest ut the rate Of ton per cenI per
annum, interest nayable OBSERVATION-DISCLOSURES
terest TO be represented by forty coupons of
the denomination of fifty dollars each be
Autographed at the expense OF said railroad
company; that tho mayor IL hereby IN
structed, upon the completion OF the grading
and bridging OF each section of five miles OF
said road, and of the fractional section COM
pletIng the distance to the county line, and
upon the favorable report of the city enSin-
Ger, and the acceptance Of SAIL wax
by the city GOancil 10 sign end have
the secretary cotintersgn and to forward to
the comptroller of public accounts Of the
state Of Texas for registration, sufficient
number OF said bonds not 10 exceed In
amount the sum OF nifty thousand dollars, TO
meet the demands of the railroad Company,
under the provisions VI the Two propositions
hereinhefore referred 10 as voted upon by the
city of Dallas.
cred by the mayor of the city of Dallas to the
railroad company, according to the terms of
said proposition, and upon delivery by the
said railroad Of an equal amount Of null paid
stock to the city fDaras In said railroad
section third, That upon completion of
said railroad to the county line, according TO
| the original proposition rs voted for on the
18th and 18th days ofJuly, lsI2, aforesaid and
upon the favorable report of the city engin-
eer of the city of Dallas upon said work so
| completed aud the reception OF the road by
the city council Of the city OF Dallas, the
mayor shall then be authorized to sign and
| have the secretary cOuntersign and torWard
TO the comptroller u publll ,apepunts, as
| aforesaid, the remainder OF said one hunqrett
thousand dollars of said bonds, and deliver
the same TO the said railroad upon the receep;
lion of an equal amount OF paid up capital
stock of said'railroad company,
| Section fourth. That there shall be assess.
| 90 and levied an annual ad valofein tax OF
| fdrty 1.-TWO and one-half cents on the one hun
dred dollars value of taxable property, both
city of Dallas, 10 provide for the payment o.
the interest on said bonds, and TO create Q