Gallipolis journal. [volume] (Gallipolis, Ohio) 1837-1919, 1880-03-18
fsaiiroad Appropriation. A
A RILI.


Railroad Appropriation.
A BILL
To authorize certain cities to purchase /
certain real estate for railway purp0s-
es. and 70 issue bonds therefor, and to
authorize additional axstion to meet |
the interest and principal of said
bonds.
SECTION l. Be IL enacted by the Gener- |
al Assembly Of the State Of Ohio, That
the city council Of any city of the second |
class. having at the last federal census
population OF three thousand seven hum |
dred and eleven, is hereby authorized
to purchase and hold for the purpose OF
q railroad depot, right Of way. and other
purposes connected with operatinga a rail-
way In said city, any lots or pieces OF
land within the corporate limits OF said
city, together with any buildings there
on, and To pay for the same any sum not
exceeding twelve Thousand dollars.
SEC. 2. That any such city council, 10
provide the money for the payment oil
real estate so parchased, Is hereby author
lied to issue the bonds of said city, pay
able In twenty years, or less, bearing IN
terest at the rate Of six per cent, paya-
BILE semi-aunually, and to provide for
the payment of said bonds and the in
terest thereon, as herein provided.
SEC. 3. That any such city is hereby
authorized and required, for the pur-
pose of paying the interest and princi-
pal of said bonds, to levy on the taxa
BILE property Of said city, annually, a.
tax not exceeding one mill on the dollar
of such taxable property, in addition to
the tax authorized by law to be levied
by such city; and said tax so levied shall
be applied to no other purpose than the
payment of the interest and principal
Of said bonds; provided. that If more
money shall be raised in any one year
than is required TO pay the amount due
on said bonds for that year, the balance
shall be set aside and constitute sink
ing fund, to be applied to the payment
of the principal of said bonds, whenev-
er the amount of said fund shall equal
the sum due on one or more OF said
bonds.
SEC. 4. That such city council Is
hereby authorized TO grant or lease the
property 80 purchased, or part thereof,
to one or more railway companies, for
depot, right Of way, or other purposes,
| In connection with railway uses, upon
such terms and conditions as may be
agreed upon between such city council
and such company or companies.
SEC. ). That before such purchase Is
made, bonds issued, or any of the pow
ers herein conferred shall be exercised,
such city council shall submit the ques-
tion OF the exercise Of such powers to
the qualified electors of such city, at a
special or general election to be called by
| said city council, by publishing the same
| I'm two Of the papers published In said ci-
| ty, at least ten days before the day of such
election, calling attention to the time
and place at which said election will be
| held. and the object and purpose there
| Of. The ballots to be voted at each elec
| ton shall have written or printed there
on the words, Railway depot-yes;"
"Railway depot-no." That the poll
| book and tafiy-sheets of such election
shall be forthwith, after the close of
said election, returned TO the clerk of
| such city, and the said city council shall,
at its next regular meeting thereafter,
provide for the canvassing of said re-
| turns, and shall cause the results TO be
entered upon the journal of said cOun-
| Gil and proceedings Of that meeting;
and IL it shall appear that majority of
the electors, voting at said election, have
not voted in favor of said proposition,
| said city council shall not exercise any
of the powers in this act, conferred and
authorized.
SEC. 6. This act shall take effect and
be in force from and after its passage.
This bill has passed both Houses Of
the General Assembly, and the voters
of the city will soon be called upon to
vote upon it.
| The JOURNAL has done its level best
for upwards of thirty years to promote
and secure a railroad connection, and
now that one has been secured, 1t pro-
poses to make the most OF Ito reap
all the benefits and advantages that its
building will give us-even If it does
cost a little more money. Therefore,
believing that this trifling apprOpria-
ton will give the city and people ad-
vantages that otherwise we may lose, and
that these advantages will add much to
the business and wealth of the city,
thereby increasing the city duplicate
and lessening taxes, the JOURNAL will
support the appropriation. In doing
this We believe We shall be doing that
which will promote the general welfare.
We shall discuss these advantages
hereafter.
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