The Cheyenne daily leader. [volume] (Cheyenne, Wyo.) 1870-1884, 1878-06-19
LARAMIE COUNTY AND THE RAILROAD
BONDS.

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BONDS.
The Board Of County Commissioners
Of Laramie county voted, at Tuesdays
meeting, to issue the bonds Of this
county to the amount of $3.50, 900, pay
able to the Colorado Central railroad
company or bearer; this is in accord
ance with the peremptory mandamus
issued by Chief Justice Fisher.
This action of our county authorities
will bring about a speedy settlement Of
our contract with the Union Pacific
and Colorado Central railroad compa-
MES. The bonds will oon be engraved
and ready to be issued, when, in ae-
eordance with the law, which author
ICES the issuance Of these bonds. the
Board Of County Commissioners are
charged with important duties, which
are described in the following extracts
from the laws Of Wyoming, pages II
and Is, 1873:
1.-The said Board of County Commits
sioners of Laramie county shall also,
before issuing said bonds to the Color
ado Central railroad company, exact
and receive from said company salts
factory security and guarantee that the
Colorado Central railroad company,
ing said railroad to, or in the direction
Of the Black Hills country, provided
said railroad shall be built from said
| rffv ~ Choyapna obalI h,iId and xtuo
all such machine shops, round houses
and offices as may be necessary and
convenient for the operating Of the said
lines of railroad at said city of Chey-
enne; also security and guarantee that
the said Colorado Central railroad COM
pany and the said railroad in the direc-
ton of the Black Hills, II the same
shall be built from said city Of Chey-
the terminus for the transaction of all
business to and from the Union Pacific
railroad, and that transfer of freight
railroad shall not take place from any
other point or place."
In this connection it is proper to
state that a written agreement, signed
by Messrs. Gould and Loveland, is on
file in the Office of the County Commits
%sioners, by which the Union Pacific
and Colorado Central. railroad compa-
MES bind themselves to expend not less
than S25, 900 Of the bonds issued by the
county in the construction of shops and
other permanent improvements in the
city. By a verbal promise made by Mr.,
j. T. Clark, Assistant Gen. Supt.
which was also agreed to by Gen. Supt.
s. II. II. Clark, it is understood that
$50, 900 in the bonds of this county
when issued, shall be deposited in
Cheyenne, until this contract is carried
into effect.
Sec. 9 Of the law provides that
1.-the bonds before being delivered TO
the Colorado Central railroad company,
the said company shall execute and de-
liver to the Board of County Commits.
sioners, for the use Of said county, q
bond to the satisfaction Of said Board
Of County Commissioners, in the sum
Of $3.50, 900, conditioned that If the con.
struction Of q railroad to or in the di-
rection of the Black Hills country, shall
be commenced from any other point OF
place on the line of the Union Pacific
railroad other than the city Of Chey-
enne, by the Colorado Central, the
Union Pacific or any other company or
corporation in the interest or under the
control of said companies, or either of
them, or operated In any n by
said companies, or either of them,
or in their interest, then, in that
case the Colorado Central railroad COM
pany shall return and surrender to said
Board of County Commissioners the
bonds Of the county issued under the
provisions Of this act, amounting to the
sum Of $3.50, 900, OF In default thereof
the said Colorado Central railroad COM
pany shall pay to the said Board of
County Commissioners the full sum of
5000 in lawful money Of the United
States, ETC., ETC."
The Board of County Commissioners,
it will be seen, have, as guardians Of
the peoples interests, important duties
to perform in connection with these
bonds. Our tax payers have the ut
most confidence in their ability and
honesty of purpose, and all express a
hope that now, since the court has
taken the responsibility from theil
shoulders in regard to a grave question
Of law, the contract entered into be-
tween the railroad officials and the PEG.
pie of this county will be carried into
effect, In accordance with the spirit
and letter of the several stipplations
made. Let us give to the railroad com
panies what is due them, and let our
representatives. Messrs. Swan, Maggie
and Sparks, see to It that we receive
aIl.the benefits TO which We are entitled
for the aid we have extended to these
corporations.
City Council Meeting.
The City Council met at the City
Hall last night and transacted a small
amount Of business, the substance Of
which is us follows: