The comet. (Johnson City, Tenn.) 1884-1916, 1889-12-05
THE THREE C'S
ProposilIon for AN Extension d TIme.


JOHNSON CITY, TExS., November Ssh, 1859.
The Board met at the call Of the Mayor.
The following proposition with the suppl
ment thereto bearing date this day, were pre-.
sented to the Board;
70 the sos'd q Mayor and Aldermen Of johnson City
Tennessee
The undersigned, Charleston, Cincinnati and
Chicago Railroad Company, q body polite and
corporate, chartered under the laws OF the
State OF Tennessee, submits the following APP
p~lication for aid from the town Of Johnson City,
under the Acts Of'the General Assembly of the
State Of Tennessee, chapter Sd, page 81 and
chapter s., page l9 Of the Acts OF 1857.
The said railroad company proposes to con-
struct a line OF railroad, standard guage, from
Charleston, in The State Of South Carolina, TO
Ashland, in the state Of Kentucky, and has 10
Gated and is constructing its line Of railroad
through the corporate limits OF the town Of
Johnson City, and win complete that portion Of
It's line within said town and coUuty on or be-
fore the 5oth day Of April, 1890.
The undersigned, Charleston, Cincinnati and
Chicago Railroad Company, respectfully asks
the subscription Of seyenty-hve thousand dol
lars $4,000 from the town OF johnson City,
Tennessee, to the capital stock of said railroad,
company, payable in coupon bonds OF said
town of Johnson City, bearing interest at six
per centum per annuv, payable semi-annually,
said bonds to run not more than twenty years
after date. Said bonds to be issued and delIy.
cred In escrow to some bank, trustee or trust
company, 70 be held until said road shall have
been constructed and put in operation within
the time fixed in this application, and substan-
TALLY in the direction and on the line shown
by the plan or map heretofore annexed, which
said construction shall be evidenced by the
certificate Of the Chief Engineer OF said
railroad company and at!es!ed By the Mayer, OF
two of the Board OF Aldermen OF said Johnson
City, certifying that said rsilrosd company ha;
fully complied with its part OF the contract Of
undertaking herein entered into, and said bank
trustee or trust company shall continue 10 hold
said bonds until it shall have received such Ger
tifcate, when it shall thereupon deliver said
bonds to the treasurer or other proper officer o.
said railroad company,
When said Charleston, Cincinnati and Chica
go Railroad Company shall have constructed
and put in operation its line Of road from tht
line separating the counties Of Washington snC
Carter, on the southeast of said town, to th'
line separating the counties OF Washington anC
Sullivan on the northwest OF said town, sai'
road having been located and constrdctec
through said town of Johnson City, then sal,
certificate shall be presented to said bank
: trustee or trust company, and said seYenty-hy,
thousand dollars Of bonds shall be turned owe
r and delivered to the officers OF said railroad
company as above provided.
Said railroad company herewith submits sat
annexed map or plan, certified By the chic
. engineer of said railroad company, showiu
the general direction and line of said railroal
through said town OF Johnson City and count
81 Washington, said lire Of road being ind
Gated by the red line thereon.
Said railroad company IS NOW consiTuctin
said line of railroad through said ,)wn an
county and viii complete the same on or b
u fore the SOth day OF April. 1899, and viii put th
!, same in operation on or before that date.
a Said railroad company agrees 10 erect an
maintain all necessary shops for building cal
and locomotives and repairing the same With
the corporate limits Of said Johnson City, {
Is the chief engineer Of said railroad may dete
= mine the site thereof.
This proposition, when accepted by said tow
and ratified by the voters thereof, shall be !
h lieu Of the proposition made by the Charleston
- Cincinnati and Chicago Railroad Company an
presented to the Mayor and Aldermen of sal
{ Johnson City on the I'D day Of February, is
proposing TO said town to make = subscriptio
OF seyenty-fve thousand dollars to the capt.
stock Of said railroad company and pay Their
for with bonds OF said Johnson City to the lii
amount OF seyenty-fiye thousand dollars.
a CHARLESTON, CINCINNATI AND CHICAG
T. RAILROAD COMPANY.
By r. A. JOHNSON,
> Nov 18th. iS@. General Mansger.