The climax. [volume] (Richmond, Madison County, Ky.) 1887-1897, 1888-04-18
THE RICHMOND, MCHOLASYILLE, IR-
VINE AND BEATTYYILLE RAIL-
ROAD PROPOSITION.
STATE OF KENTUCKY,
MADISON CoUNTY COURT
April Term, April 5ih, 1855.

MADISON CoUNTY COURT
April Term April 5ih, 1855.
This day appeared by Counsel in
open Court more than fifty 81 the resi-
dent tax payers OF Madison county,
and presented their written appica-
tion signed 10y them. requesting that
the question Of subscribing la behalf
Of Madison county for twenty-five
hundred shares Of the capital stock of
tbe Richmond, NichOiasville, Irvine
4 Brattyville Railroad Company he
submitted 10 the vote Of the legal
voters Of said county upon the terms
and conditions contained ia said
wiring. the election to be held on the
2sth day Of April, lSSs. Said appica-
tion, heretofore lodged in the CLERK
Office, is now ordered TO be filed and
sprrad upon the records Of this court.
b. authority Of an act Of the Gen
ersI Assembly Of the Commonwealth
Of Kentucky entitled An act To
incorporate the Richmond, Nicholas
vile, Irvine and BeattyvilIe Railroad
Company" approved March 10, lSSS.
i'm response 90 the aforesaid written
application, and upon the motion Of
said Railroad Company, IL is now Or
dered hy this Curt that an election
be held in accordance with the pro-
visions 81 said Act, on the 2SIh day o
April, 1855, To take the sense Of the
legal vuiers Of said county upon the
question, whether said county shall
subscribe 20 the capital stock OF
said Richmond, Nichnlasville, Irvine
4 Braltyyillr Railroad Company the
sum 81 Two hundred and fifty Thousand
dollars 10 he paid ia Tie negotiable
bonds Of said county, with coupons at
tached. Said subscription Ia be made
upon the following terms, conditions
aud limitations, viz:
Isl. That the county O! Madison
shall subscribe for twenty-five hun
dred l25OO) shares az tie capital stock
Of said Railroad Company, being two
hundred aud fiHy lhuuSand dollars Of
said stock, and pay for the same in
the negotiable coupon bonds Of the
said county 10 be taken at par payable
thirty years alter date, but redeemable
in whole or IN part, at the "ptIon If
the county, al any time slier five
years, said bonds Ia bear interest Al
the rate of five per cent per aunum,
payable semi-auHually, the principal
and interest to he payable al the Louis
vile Banking Company, in Louisville,
Kentucky But if said county shall
elect % pay any of said bonds after the
expiration Of five yeats, aud before Tie
expiration Of thirty NearS, il shall
give thirty days notice iu writing to
said bank. prior To the next succeeding
2nd day Of January, (which shall be
the day in each year la which such
payment can be made, unless il falls on
Sunday, vixen il shalt Toe upon the 3rd)
81 lis intention lu make the pay ment,
sud the amount thereof. The bonds
lowest i'm number shall be the first re-
deemed
2ud. II a maturity o. the legal voters
Of said county, cast at ssid eleciiun,
are ia favor cf said subscription, then
said bonds shall br executed according
% the provisions uf The charter of said
railroad company, aud DEPOSIT with
Tm-le-, or Trust Company, Ia bp
hereafter selected ~ the charter pre-
ECrihes, aud To lie held 10y said trustee
or Trust Company, until said Railroad
Company may be entitled Ia llIe same,
according 20 the terms AMI cuHdiJiuns
hereinafter set fur!h. And, at the
same Time that said bonds are deliver
Ell 10 said trustee, or Trust Company,
certificates for twenty-five hundred
$500 shares Of the capital stock Of
said Railroad Company shall lie de-
POSTED 10y it with said trustee, or Trust
Company, to be held until said county
is entitled 10 the same, according tp
the conditions hereinafter mentioned.
And said Com pany agrees not To con-
sOlidaIe with any other Company,
without the consent OF the Madison
County Court.
3rd. Said trustee, OF Trust Company,
shall deliver one hundred and twenty
five thousand Q25,OOU) dollars Of said
bonds TO the said Railroad Company,
or 10 lis order, when il shall have com
pleted its independent line Of road, OF
standard gaug-, from a point in the
line between the Counties of Wood
ford aud JessAmine, near KeeOe,
across the county Of Jessnmine, and
scruss the Kentucky river at point
within one mile Of the mouth Of Paint
Lick Creek, or Tutes Creek, ar some
place between these two points, aud
thence ACROSS the cuuuty of Madison Ia
the city Of Richmond. aud shall have
placed its line from Richmond to the
Esiiil county line under Contract with
sufficient number of wOrkmen upon
the ZANE TO guarantee its speedy com
plelion, aud shall have graded it, road
~ w fllE Al-tAlt CIullil llAiEt anu SllAt
nave CAUSED train Of PASSENGER ear
drawn by steam engine 20 be run
from the city Of Richmond Across the
Counties Of Madison and JeSsamine
through NichOlasville, over its owl
road 10 the WoodfOrd county line, and
theiice over the Louisville Southern
Railroad and it, aottuaof if,r, Ia fIls eli 4
Of Louisville.
Said Trustee, or Trust Company
shall deliver to said Railroad Company
or It's order, the remaining one hundred
aud twenty five Thousand (Sl25, 900
dollars Of said bonds when said rail
road Company shall have completed
Its independent line Of road from thu
city Of Richmond, across the county
OF Madison To the Estill county line IL
the direction of Beattyville, Themes
across the counties Of Esiill and Lee Il
point on the Kentucky River, al q
hear Bealtyville, and shall have eaus
Ell train Of passenger cars drawn b.
steam engine, 10 be run over its roa,
rom iis said terminus on the Ken
lucky River, at or near Beattyville
through the counties OF said Lee, Eslill
ana Madison, through The city O
Rlchmoud .t.T 1900 49, o.,,,.,t,, =,