Nebraska advertiser., 1877-08-16
GOOD NEWS FOR BROwSEILLE.
The Quincy, Missouri & Pacific Rail-
read Coming.

The City Council of the city o
|. Quincy held a meeting on the the ST.
Of this month al which it was resoly
ed TO issue to the Quincy, Missouri 1
Pacific Railroad S25O, Geo OF city bond
which remains OF five hundred thon
sand heretofore voted and the half o
which has been paid. Heretofore the
city has refused 70 issue the remain
/ ing $3.50, 600, bat at this meeting agreed
to issue them upon conditions set
forth in the following resolutions,
which we copy from the minutes OF
the council meeting as published in
the Quincy Herald of the 10Th inst.
The resolution offered by Aid. Smith
az the adjourned meeting Of the City
Council, held August 1st, 1877, was
read, as follows:
! ResOLUed, That the Mayor OF the
city OF Quincy cause 10 be prepared
and executed two hundred and fifty
/ bonds OF said city, of one thousand
I
[ per cent. per annum, payable annual
: iy with proper interest coupons an
nexed said bonds 10 bear date the
first day of July, a. d. lS77, and TO
be signed by the Mayor and counter
signed by the City Clerk, and sealed
with the corporate seal OF said city,
affu - Uo fJ5 s+JlS s7s'ssEtsr y'u.sszi--zss---
their date, to the Quincy, Missouri &
Pacific Railroad Company or bearer,
and said bonds to be in all other re-
spects similar, or as near Is NAV be, 20
the bonds heretofore issued by said
city TO said company &; and that said
bonds be by the Mayor Of said city
delivered to the Quincy, Missouri &
Pacific Railroad Company, in pay
ment of the unpaid subscription Of
said city TO the stock of said Company
in manner following, viz:
That seventy-fve thousand dollars
OF said bonds shall be issued and de-
livered 10 said Company 70 grade,
bridge and tie the first fifteen miles Of
railroad Oh their main line west OF
kirksville, Missouri, except the
bridging of Charlton river; and that
on completion Of the above another
delivered TO said Company 10 grade
and tie the fifteen miles Immediately
west on their main line, OF said fifteen
miles last above mentioned, and on
the completion thereof that fifty
thousand dollars of said bonds be de-
livered to said Company, to grade,
bridge and tie fifteen miles Of their
road on their main line Immediately
west of said last named fifteen miles
and on the completion thereof that
fftv thousand dollars Of said bonds
be delivered TO said Company TO grade
bridge and tie fifteen miles OF their
road on their main line west Of said
fifteen miles, and that on completion
thereof that twenty-five thousand dol
lars Of said bonds be delivered to said
Company to grade. bridge and tie
eight miles Of their road on their
main line Immediately west Of said
LAST mentioned fifteen miles, being
sixty eight miles in toto. PrOGtdsds
however, that the said Company first
agree, in writing. to accept said bonds
10 be issued and delivered as aforesaid
az in full Of all the subscription OF
said city. when so delivered, and il
full liquidation Of all Indebtedness Of
said city to said Company. and in set
tlement OF all differences between said
citv and said Company.
And PrOUided Further, that the said
bonds shall only be delivered 10 said
F-az=- 49, 2 lliu-~-5 - o-s<. ssisr
Of an equal amount OF the stock OF
said Company a. said bonds are deliv-
cred to said Company and that said
bonds shall be taken at par for the
full amount Of said stock.
And said first tseventy- thousand
dollars Of said bonds shall be issued TO
said company as soon as said company
shall have entered into and delivered
n the city the agreement in writing
above provided for.
Aid. Pitney tben moved to amend
Aid. Smiths resolution, by adding to
the words ''above provided for" in The
last line in the last paragraph, as fol-
lows:
And said railroad company shall
have com piled with the conditions
and terms named and set forth in the
following resolution, heretofore adOp-
ted by this council, tO-wit:
Reso1Ued. That in addition to the
in the recommendation 7
made by the committee, the proper
officers of the @. III & p. Railroad /
Company shall be required to give
bond 70 the City of Quincy in the (
sum Of 500, ,OG0 with good security. +
70 be approved by the City Council 4; I
that in consideration Of said sum Of 4
ST5 900 70 be delivered 10 them, said 4
sum Of So coo shall be expended in .
the construction Of said fifteen miles, /
and that the same condition shall 3D. .
ply 70 each subsequent instslment
to be delivered 10 said
railroad com peny.
The qu1andmendment was accepted
bv Aid. Smith, and on motion, the
resolution, as amended. was adopted.