Roanoke daily times. (Roanoke, Va) 1886-1890, 1889-12-22
AN ORDIN A NOE.

At a meeting Of the council OF the
CITY of Roanoke, held December 10th,
1889, 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 Deccrnner'
1889,
/. That the sergeant and judges Of
election for the said city of Roanoke
do open poll at the several voting
precincts of said city, on Tuesday,
| the 2Sth day of January, 1890, and
take the sense of the freehold voters
on the question, whether the said
council shall be authorized, in the
name of and for the use nj the city,
to cause to be issued, 'bonds To an
amount not exceeding one hundred
thousand dollars for the purpose OF
making second and further sub
scription to the capital stock OF the
Roanoke and Southern Railway cont
| any.
9. The said election shall be held
and the authority to issue bonds and
make said subscription shall he upon
| the following terms ANA conditions
| namely
/. The said council may subscribe
for the stock of said company to the
amount of one hundred thousand
dollars; provided, thar in dong 50
the aggregate debt OF the city shan
not exceed ten per centum OF The
assessed value of the property. real
and personal. within the city limits.
ii. That the said company shall
within ninety days after tie. said.Sub
scription shall be made, commence t.
construct its line OF read at IFS ter
minus in said city of Roauoke, OF
within one mile of the city limits an"
shall prosecute the SAME III 10 bona
tide manner with al! reasonable uii'l-
gence TO its completion.
III. The bonds of the city oil kod
noke shall bear q per cent. interest
and shall he redecmable IN thirf}
wears, and shall be issued and deliV
cred to n trustee, 10 toe agreed upon
between the council Of the city al
Roanoke and the president OF IN
Roanoke and Southern railway Ih'
said trustee upon the certificate ct
the chief engineer OF said railway oi
the completion OF the grading OF such
and every mile OF said road from
Roanoke city southwark shall deliver
TO said railway the bonds Oi s'ud citA
to the amount of 5000 and upon
like certificate of the engineer for
each and every mile OF SAID r'aG
when the superstructure Is completed.
and ready for operation, the NaIu
trustee shall deliver to said railway
bonds TO the amount OF 5000 rer
mile until the entire sun of SlOo,G0t
provided for in this ordinance sha!
be delivered.
bonds of the sad trustee 70
the railway company the sai'
company shall deliver 10 the s''ia
trustee certificates of stock in sal,
railway to the full amount OF said
bonds
". The subscription when mad
by the city council shall br upon u,
terms and conditions herein set forth.
and should the said company iml f.,
.omply with said terms and coual
tions, then. and in that event. TN
said subscription. at the option o.
said city, shall be void.
The election shall be held nc
conducted in the manner provided f"
under section 1913 and 1914 OF Jhccosi'
Of Virginia. and the question su'
,uitted shall be Determined nn'i
the provisions OF section 81, chap5e
V. of the charter OF said city
4. The sergeant shall canse Il certi
fled copy of this ordinance TO be pub
Iished in the daily papers OF this city
and shall post copy thereof at each
of the voting place, fpr thirty days
previous to the day Of election.
A copy-teste.
GEO. l. BENNETT, Jerk.
In obedience to the foregoing order
notice is hereby given that Jie poll,
will be opened at the several voting
precincts of the city OF Roanoke al
sunrise on
TUESDAY, JAN. 2S, 1890
for vote to be taken as specified III
said law G. W. THOMAS,
Sergeant