Yorkville enquirer. [volume] (Yorkville, S.C.) 1855-2006, 1885-09-17
RAILWAY CONTRACT.

STATE OF SOUTH CAROLINA, YORK COUNTY,
OFFICE OF COUNTY COMMISSIONERS,
YoRKvILLE, S. c., August ii, 1885.
NOTICE is hereby given to all whom 1t may
y concern that at q special meeting OF the. Board
ofCounty Commissioners for said county, held on
this day the 1lth day Of August, 1885, upon prop
er petition therefor being presented, resolu-
ton was adopted to submit to the qualified vot-
ers of Bullock's Creek Township, at an election
to be held in the several election precincts in
said township on the 18th day of October, 1885,
the question of subscribing to the Georgetown
and North Carolina Narrow Gauge Railroad
Company, under it's original charter and It's
several amendments, the sum of thirty-tWo
thousand dollars, by said township, to be pald
in coupon bonds of said Bullock's Greek jown-
ship of the denomination of one hundred dol
lars, and five hundred dollars, to be due III
twenty-five years from the date of their issue
said bonds to bear seven (7) per centum inter-
est, payable annually at the office OF the Treas
urer of York county.
It is hereby ordered, (the subscription having
first been duly voted) that the said coupon bonds
shall be interchangeable at par, for the stock OF
the said within named railroad as follows:
That the said Railroad Company shall hrst notl-
fly the Chairman of the Board of County Com
missioners Of said County of York, that the
said Railroad Company has accepted the said
subscription of the said township to the capital
stock aforesaid; then it shall be the duty OF the
Chairman of said Board of County Commission
ers, (the subscription having first been duly
voted as aforesaid) to subscribe for said town.
ship the sum SpeClneQ tO-W1C. 1ulrIN-IWO lnOuS-
and dollars 1882, ,OOO to the capital stock Of the
railroad above named, and at the expense of
the said township of Bullock's Creek, to have
the bonds engraved, executed and deposited in
a Trust Company, acceptable alike to the sad
Railroad Company and to the said Board of
County Commissioners of York County; and
thereupon the said Railroad Company shall de-
liver to the said Chairman of the Board OF Coun-
ty Commissioners of York county, certificates OF
stock Of said Railroad Company, or authentlcat-
ed scrip representing said stock, to the full
amount of said subscription made thereon.
But it is expressly provided that said bonds
shall not be delivered to the SAID Railroad Com
pany except in the following manner. and upon
the following conditions, (until which delivery
they shall not bear INTEREST," to wit:
One-half to be paid when the said road shall
be completed the distance of five miles from the
crossing Of the said Bullock'S Creek township
fine in its southeast course from Hickory Grove,
through or in the vicinity of Blarsville or Hood
town, and the remainder to be paid when said
road is completed to the crossing OF said Iown-
ship line in a southern course from the COM
pletion point of the first five miles of said road,
through or in the vicinity of Blairsvlle or Hood
town, as above mentioned and Provided, that
the said subscription of thirty-twO thousand
dollars 320O0.O0) in bonds Of the township of
Bullocks Creek in said York county, shall be
expended in the construction OF a railroad with
in the said township as before stated.
Provided, further, that the said Georgetown
and North Carolina Narrow Gauge Railroad Co..
shall have no control over any Bonds under
these proceedings issued to it except by and
with the consent Of the Massachusetts and South
ern Construction Company, successors to its
chartered rights and, Provided further, that the
said railroad shall be standard or broad gauge.
The retirement of said bonds to begin on the
completion of said road through said township,
and to be retired III twenty-five (25) years from
the commencement of retirement.
1t is further Ordered by the Board of County
Commissioners, that the said Board shall cause
an advertisement of the proposed election in
said township to be inserted in the EORKVILLE
the town af Yorkville in the County of York, for
thirty (3O) days preceding said election the polls
to be opened at the several election precincts in
said Bullock's Creek township, under managers
duly appointed by said Board, on the day already
stated, at which time and places the electors in
said township NAV vote for or against said sub
scription, under the laws provided in such cases;
and to this end, the managers so appointed and
acting shall make returns OF said election ac-
cording to law.
It is also ordered that at the election to be
held as aforesaid, all those who favor the sub
scription upon the above proposition, shall
vote on written or printed tickets or ballots
SUBSCRIPTION and all opposed to said sub
scription shall vote on a like ballot, mo SU B.
SCRIPTION." And if it shall appear from the
returns Of said election that a majority OF the
qualified voters Of said township, voting at
said election, have voted for subscription then it
shall be the duty of the said Board Of County
Commissioners to make said subscription as
herein provided, and OH the terms and condi-
tions herein set forth.
JAMEs !: NJ sgfEkE, 3: kEL1soS, bofr0 of
R. w. .WHITESIDES, Co. Comrs.
JAMES B. ALLISON, Clerk.
September IL u II