Roanoke daily times. (Roanoke, Va) 1886-1890, 1889-12-21
dec3I-tf
AN ORDlNA NOE.

at u meeting OF the cOunciI vi N!lt
city of Roanoke, he d December lOtn,
1899, the following ordinance was
adopted:
Be it ordained by the council OF
the city of Roanoke, upon the pc
tition of the Roanoke and Southern
Railway company, by its president.
filed on this. 3rd, day OF December,
1889,
/. That the sergeant and Judges of
election for the SAID city OF Roanoke
do open u poll at tie several voting
precincts of said city, on Tuesday,
the 2Sth day of January, 1890, and
take the sense of II e freehold voters
on the question, whether the said
council shall be authorized, in the
name of and for the use of the city,
to cause to be issued, bonds 10 an
amount not exceeding one hundred
thousand dollars fer the purpose OF
making a second and further sub
scription TO the capital stock OF the
Roanoke and South ern Railway com
any.
,. The said election shall be held
and the authority To issue bonds ana
make said subscript on shall be upon
the following terms and conditions
namely:
l. The said council may subscribe
for the stock of said company To the
amount OF one hundred thousand
dollars; provided, chat III doing so
the aggregate debt of the city shall
not exceed ten par centum OF the
assessed value of tie properly, real
and personal, within the city limits.
III. That the said company shalt
within ninety days ;.fter the sad sub
Scription shall be nlde, commence TO
construct its line of road 1T its ter
minus in said city of Roanoke, or
within one mile of the city limits anu
shall prosecute the same IN bona
fide manner with all reasonable dill
gence to its coInplet on.
III. The bonds of the city of Roa
noke shall bear 6 FER cent. interest
and shall be redeemable III thirty
years, and shall be issued and dellv-
cred to trustee, to be agreed upon
between the council of the city OF
Roanoke and the president OF the
Roanoke and Southern railway. The
said trustee upon he certificate or
the chief engineer of said railway OF
the completion of Il e grading OF such
and every mile OF said road from
Roanoke city southwark shall deliver
to said railway the bonds of said city
to the amount of $4,000 and upon
| like certificate of The engineer for
each and every mile of said road
when the superstruc ,ure is completed.
and ready for operation, the said
trustee shall deliver to said railway
| bonds to the amount Of $1,000 per
mile until the entire SUN OF SlUO,U
| provided for in this ordinance shall
be delivered.
Upon the delivery of the
bonds of the sid trustee 10
the railway company the said
company shall del yer to the said
trustee certificates of stock in said
railway to the full amount of said
bonds.
". The subscription when made
by the city council suall be upon the
terms and conditions herein set forth,
and should the said company fail to
comply with said terms and condi-
| tons, then, and il that event, the
said subscription, AZ the option OF
said city, shall be void.
g. The election slall be held and
conducted in the manner provided for
under section 1913 and 1241 of the code
of Virginia, and the question sub
nitted shall be determined under
the provisions of section 80 chapter
V. of the charter Of said city.
4. The sergeant sh all cause a certi-
fed copy of this ordinance to be pub
lished in the daily papers of this city,
and shall post a copy thereof at each
of the voting places for thirty days
previous to the day Of election.
A copy-teste.'
GEO. l. BENNETT, Clerk.
In obedience to the foregoing order,
notice is hereby given that the polls
will be opened at the several voting
precincts of the city of Roanoke nj
sunrise on
TUESDAY, JAN. Is, 1890
for vote to be taken as specified in