The comet. (Johnson City, Tenn.) 1884-1916, 1889-12-19
THE THREE C'S
for nm Extension of Time.


JOHNSON CITY, TENN, November 2Sth 1881
| The Board met at the call OF the Mayor.
The following proposition with the suppli-
ment thereto bearing date this day were pre-.
sented to the Board
To the Board OF Mayor and Aldermen Of Johnson City,
Tennessee
The undersigned Charleston, Cincinnati ana
Chicago Railroad Company body polite and
corporate, chartered under the laws of the
State OF Tennessee submits the following APP
plication foraid from the town of Johnson city,
under the Acts of the General Assembly of the
State OF Teunessee, chapter Sd, page 81 and
chapter 5S page 100 of the Acts OF 1887.
The said railroad company proposes to co
struct 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
its line within said town and county on or be-
fore the SOth day of April, 1890.
The undersigned, Charleston Cincinnati and
Chicago Railroad Company, respectfully asks
lars (S75OOO) 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 annum, payable semi-annually
; said bonds to run not more than twenty years
after date. Said bonds to be issued and deliv
cred in escrow to some bank, trustee or trust
company, to be held until said road shall have
e 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 attested by the Mayor or
two OF the Board of Aldermen of said Johnson
s City, certifying that said railroad company has
fully complied with its part of the contract or
undertaking herein entered into and said bank
, t.usteepr trust company shall continue 10 hold
said bonds untll 1t shall have received such Ger
tificate, when it shall thereupon deliver said
bonds to the treasurer or other proper efreer ol
said railroad company,
When said Charleston Cincinnati and Chica
/. go Railroad Company shall have constructed
. and put in operation its line of road from The
line separating the counties of Washington ant
Carter, on the southeast of said town, to thC
e line separating the counties OF Washington ant
sullivan on the northwest of said town, sale
Il road having been located and constructed
through said town of Johnson City then sale
k certificate shall be presented to said bank
n trustee or trust company and said seyenty-lv
" thousand dollars of bonds shall be turned owe
Y, and delivered to the officers of said railroa'
lg company as above provided.
~ Said railroad company herewith submits sal
annexed map or plan, certified by the chic
OF engineer of said railroad company showiu
I'd the general direction and line OF said railroa
"a. through said town of Johnson City and count
Of Washington, said line OF road being ind
X Gated by the red line thereon.
Said railroad company is now consuuctin
,w said line of railroad through said town an
county and will complete the same on or b
ot fore the SOth day of April, 1890 and viii put tn
ar, same in operation on or before that date.
Said railroad company agrees to erect an
maintain all necessary shops for building ca
!" and locomotives and repairing the same With
es, the corporate limits of said Johnson City,
m the chief engineer of said railroad may dete
mine the site thereof
" This proposition, when accepted by said tow
ar and ratified by the voters thereof, shall be
ed lieu of the proposition made by the Chaslesto
Cincinnati and Chicago Railroad Company al
!" presented to the Mayor and Aldermen of sa
Johnson City on the 23d day of February, lS
proposing to said town to make a snbseripti
+. OF seventy-fve thousand dollars to the eaPi
stock o! said railroad company and pay the
)sI for with bonds of said Johnson City to the Ii
we amount OF seyenty-fye thousand dollars.
IRE CHARLESTON, CINCINNATI AND CHICA(
on RAILROAD COMPANY.
in By r.. A. JOHNSON,
Il a Nov 2Sth 1850. General Manager