The comet. (Johnson City, Tenn.) 1884-1916, 1889-12-26
WHOLE NO. 296
THE THREE C'S
Proposition for an, Extension Of Time.

JOHNSON CITY, TENN, November 2Sth, 1889,
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 and
Chicago Railroad Company, body polite and
corporate chartered under the laws Of the
State OF Tennessee, submits the following ap-
plication 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 6S page l29 Of the Acts OF 1887.
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 10 constructing its line Of railroad
through the corporate limits Of the town OF
Johnson City, and will complete that portion sf
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
the subscription of seventy-flve thousand dol
lars H7S,00O) 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 annur1, payable semi-annually,
said bonds 10 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, TO 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 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 it shall have received such GER
tihcate, 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-hve
thousand dollars Of bonds shall DC 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 indi.
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 S0th day of April 1899, and will put the
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
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
4 presented to the Mayor and Aldermen Of said
johnson City on the 23d day Of February, 1889
proposing to said town to make subscription
of seventy-hve thousand dollars to the capita
stock Of said railroad company and pay there
for with bonds OF said Johnson City to the like
amount OF seventy-fve thousand dollars.
CHARLESTON, CINCINNATI AND CHICAGO
RAILROAD COMPANY.
By R. A. JOHNSON,
Nov. 2Sth. 1889. General Manager.