Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-02-08
AN ORDIN A NOE.

AT . meeting OF the council held
January IA, 1890, the following ordi-
nance was adopted:
Be ii ordained b the council of
the city of Roanolly upon the pc
tition of tie Konnoke, and Souther
Railway company, by its president,
filed on the 3rd day of December,
1889.
l. That the sergeant and judges OF
election tor the said city OF Roanoke
do open a poll at the several voting
precincts Of said city, on Tuesday,
The 18th day OF February, 1890, and
take the sense OF the freehold voters
on the question, whether the said
council SHAH be authorized, in the
name of and for the use OF the city,
10 cause TO be issued, bonds to an
amount not exceeding one hundred
thousand dollars for the purpose Oh
making Il second and further sub
scription to the capital stock OF the
Roanoke and Southern Railway COM
pany.
,. The said election shall! be held
and the authority TO issue sald bonds
and raise said subscription shall be
upon the following terms ANA con-
ditious namely:
/. The SAID council may subscribe
for the stock of said company TO tine
amount of one hundred thousand
dollars; provided, that the ag-
gregate debt of the city shall
not exceed ten per centum of the
assessed value OF the property, real
and personal, within the city limits.
III That the said company shall,
within ninety Days after said snhscrip-
tion shall be made, commence TO con
struet IT'S line OF road at Il point within
one mile from the present city limits
Of the city OF Roanoke, and shall pros
ecute the same III Il BONA tide manner
with all reasonable diligence 70 its
comyletiou, and furthermore, that
within six months after the work
shall be so begun, the said company
shall! connect between the point gust
indicated and It's terminus within the
present limits OF the city OF Roanoke.
III. The bonds ci the city OF Roa-
n0ke shall bear Gper centum interest
per annun and sinai! be redeemab!e
IN thirty years from their date, and
shall be issued aud delivered the SAID
Roanoke and Southern railway as lo!-
lows: Upon the certificate the chief
engineer OF said railway OF the com
pietion Of the grading OF each and
every mile OF said road from Roa-
noke city southwark, the city OF koa-
-noilc shall deliver to said railway
the bonds OF said city 70 the amount
OF FIVE thousand dollars and upon
like certificate of the engineer for each
end every mile of said road when
the su0erstructure is complete, and
ready for operation, the said city
shall deliver 10 said railway bonds
o; said city 10 the amount o!
five thousand dollars per mile until
the entire sun. of SlOo, 900 provided for
ia this ordinance shall be delivered.
Upcn he delivery Of each install
ment OK said bond. 10 the railway
company the sai,: company SHALL de
liver 10 the said city certificates of
stock in said railway 70 the amount
OF said bonds
". The subscription when made
By the ely council shal! lee upon the
terms and conditions set forth, and
whenever the said company fail TO
rou!plv with said terms and condi-
tiol then, anl ii cat event, the
said subscription. 1T the option ct
said city. shall be void.
y. The election shall be held and
conducted ii ;hc manner PROV! jed for
under section i2:3 and I2il Of tie code
Of virginia, aud The question sub
nit.eG sla.l Ns determined under
the provisions al secticn ~. chapter
Y. Of tAecharter OF SAID c::g
~ Tie sergeant shall cause :, c;;r! !
lee copy OF isis ordinance to be pab-
:fsAed ii -. G.:;ly papers of this city,
and shall post copy OF the same Il;
each OF The voting places f3r thirty
d,ys previous to the day OF election.
; copy-te,I2.
GEO. Il BENNETT. Cierl,
IN obedience 30 the foregoing order,
notice is hereby given that the polls
Will be opened at The several voting
precincts Of 3!e city Of Roanoke at
sunrise on
TUESDAY, FEBRUARY IS, 1890
Tor a vote to he taken as specified in
said order @, ". THOMAS,
Sergeant.
January 10TH, 1880