The Bolivar bulletin. [volume] (Bolivar, Hardeman County, Tenn.) 1865-1888, 1875-12-09
Legal Notice.

VS.. Exparte
THE Directors of the Mempbjs &
Knoxville Railroad company this dav
presented their petition 20 the Board Of
! Mayor and Aldermen of the town of
Bolivar, and it appearing that the said
Memphis Il Knoxville railroad COMPANY
is a company incorporated and Organized
under the laws of Tennessee, and that
the entire line Of the said road has been
Surveyed by a competent engineer, and
ubstan italy located By designating the
termini thereOf--Memphis, Tenness ee,
being the western, and Fayetteville,
Tennessee, the eastern terminus at
present-and apprOximating the general
direction of the road. And the said
Board of Directors having made appli-
cation by their said petition to the Board
of Mayor and Aldermen of the town of
Bolivar for subscription of $4,000 to
! the capital stock Of said company, in
/ accordance with the provisions of the
Code of Tennessee and of the act of the
| Assembly subsequent thereto, and fled
with their said application an estimate
OF the grading, embaukment and mason
rY, by a competent engineer, under oath
| as required by law. 1t is therefore or
! dered by the Board of Mayor and Alder
men, that the Sheriff of Hardeman coun-
! ty, after giving the notice required by
| law, open and hold an election at the
/ usural voting places in the town of Boil
| var, on the 23d day of December, 1875,
! for the purpose of obtaining the appro-
| baton of the legal voters of the said
town of Bolivar to said proposed sub
scripri0n. The terms of subscription to
be as follows, and upon the following
/ conditions
LIST. The Mayor of Bolivar shall sub
! scribe in the name of the Mayor and
| Aldermen of the town of Bolivar, Ten
nessee, $4,000 to the capital stock of
| the Memphis IL Knoxville railroad com
pany, to be paid in the bonds of the
corporation of Bolivar, signed by the
| Mayor and countersigned by the Recor-
der, and bearing interest at the rate of
per cent per annum-the interest PAYS
bic at Bolivar on the lst day of January
each year, and the principal of said
bonds payable at B livar twenty years
after their respective dates, reser7ing the
right to the cor poratiOn of Bolivar to pay
the principal of any of said bonds at any
time before their maturity by giving six
months notice In some newspaper pub
llshed in Memphis, Tennessee, designat-
ing the bonds they may wish to pay
21 The bonds issued in payment of
said subscription shall be, one-third of
the denomination of one hundred dol
lars, and the balance of the denomination
; of five hundred dollars, with coupons
attached, evidencing the interest due
thereon on the Ist day of January of
each year until maturity and shall be
dated upon the day they are actually is
sued and paid out upon said subscrip-
ton.
Sd. Certificates of stock in the CAPT
tai stock of said railroad company, shall
be issued to the Mayor and Aldermen of
Bolivar, Tennessee, by the proper officer
of said company, for the full amount OF
the face value of the bonds issued and
delivered to them, and at the time of such
delivery
, 4th. The dividends upon the stock in
said railroad cOmTany belonging to the
Mayor and Aldermen of Bolivar shall
be used in paying the interest upon said
bonds, and in paying the principal until
they are discharged. And the board oil
Mayor ami Aldermen shall have the
power to sell any or all of said stock and
apply the proceeds to the payment of an
bonds hereby auth Orized, which may be
i, outstanding; provided, said stock shall
not be sold for less than it's face value
; without the assent of the legal voters oil
the town Of Bolivar, obtained as the Law
: directs.
9TH. The proceeds of all the bond ,
= issued in payment of said subscriptions
= shall be used in the construction and
completion of said railroad in Hardemau
county, east of Bolivar.
, 9th. The bonds of the corporation o.
Bolivar, in payment Of said subscription
shall be issued only as follows: Upor
the application of the President Of sale
railroad company, the bonds shall not be
| issued until written statement signed
by the President and Engineer of sale
, railroad company, under cath, has beer
( filed with the Recorder, showing sufi
+ cient means in their estimation, giving
8 facts and figures, have been secured t,
cOmpls te the work of grading said roaC
to Henderson, and then IN monthly IN
stalments to pay for the work as it il
t. done.
7th. For the purpose Of paving tn
bonds issued in discharge OF said sub
< scriptiOn, the Mayor and Aldermen 0
Bolivar shall each and every year unit
said bonds have all been paid, assess
, levy, and collect a tax upon the tazabl
property of said town, liable by law t
be taxed for corporation purposes, whicl
shall be sufficient, with the dividends az
{ craeing upon the stock 10 said rdilroal
) company to amount to a sUff cheney t
pay the annual interest accrueing on sal
], bonds, each year, and bonds as they fal
< due exclusive of the cost and expense
t, of collection, which said sum shall b
/. applied to the payment of the interest o
said bonds.
} And said board of Mayor and Aldsl
man Of the aforesaid town Of BOLIVIA
= shall, at tho expiration Of three year
a from the date Of iss uance OF said bonds
provide means, by levying and eollsctin
a tax annually on the property of sal
: town, for the purpose of creating a sinl
- ing fund TO retire said bonds as rapid
as said sinking fund may be collected.
, Sth. The election herein describe
shall be opened and held by the Sheri
e of Hardeman county, Ia acCOI dance wit
, the provisions Of the laws Of Tennessee
ane the voters who are 10 favor Of tn
, subscription will put on their tickets th
words " For subscription" those oppO'
Re ed " No subscription
o dec. 2-pf $291O 4w
= EnsOIVent No tee.
HAVING this day uggested the II
Re solveBcy of the estate of a. ;. Doris, d.
"a