The comet. (Johnson City, Tenn.) 1884-1916, 1889-12-12
THE THREE C'S
Proposition for an Extension Of lime.


JOHNSON CRY, TENN, November 2sth, 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
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 ap-
plication foraid from the town of Johnson City,
under the Acts Of the General Assembly of the
State Of Tennessee, chapter Sd, page 81 and
chapter IS, page l29 OF the Acts OF 1887.
The said railroad company proposes to con.
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 sf
its line within said town and county on or be.
fore the 3Oth day of April 1890
The undersigned, Charleston, Cincinnati and
Chicago Railroad Company, respectfully asks
the subscription of seventy-ive thousand dol.
lars S75,OOO) 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 annun, 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
been constructed and put in operation within
the time fixed in this application, AM substan-
tally In the direction and on the line shown
by the plan or map heretofore annexed, which
sa id 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
City, certifying that said railroad company has
fully complied with its part of the contract or
undertaking herein entered into and said bank
trustee or trust company shall continue to hold
said bonds until 1t shall have received such GER
tificate, when 1t shall thereupon deliver said
bonds to the treasurer or other proper officer OF
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 and
Carter, on the southeast of said town, to the
line separating the counties OF Washington and
Sullivan on the northwest of said town, said
road having been located and constructed
through said town OF Johnson City, then said
certificate shall be presented to said bank,
trustee or trust company, and said seventy-fve
thousand dollars of bonds shall be turned over
and delivered to the officers of said railroad
company as above provided.
Said railroad company herewith submits said
annexed map or plan, certified by the chief
engineer of said railroad company, showing
the general direction and line of said railroad
through said town of Johnson City and county
OF Washington, said line of road being ndi-
Gated by the red line thereon.
Said railroad company is now constructing
said line OF railroad through said town and
county and will complete the same on or be-
fore the SOth day Of April 1890 and will put the
7 same in operation on or before that date.
Said railroad company agrees to erect and
] maintain all necessary shops for building cars
and locomotives and repairing the same within
the corporate limits of said Johnson City, as
I the chief engineer OF said railroad may deter
mine the site thereof.
;, This proposition, when accepted by said town
and ratified by the voters thereof, shall be In
lieu OF the proposition made by the Charleston,
! Cincinnati and Chicago Railroad Company and
! presented to the Mayor and Aldermen OF said
!. johnson City on the 23d day Of February, 1889,
4 proposing to said town to make subscription
o OF seventy-fve thousand dollars to the capital
stock o. said railroad company and pay there
/. for with bonds OF said Johnson City to the like
a amount OF seventy-five thousand dollars.
CHARLESTON, CINCINNATI AND CHICAGO
a RAILROAD COMPANY.
By r. A. JOHNSON,
y Nov 28th. 1889. General Manager