Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-26
AN 0RDIN A nee.

January II, 1880, the following ordi-
nance was adopted:
Be it ordained by the council of
the city of Roanoke. upon the pc
titon of the Rounok : and Souther
galway company, by its president,
filed Oh the jrd day of December.
1889.
l. That the sergeant and judges of
election tor the said city of Roanoke
DO open Il poll Ut the several voting
precincts of said city, on Tuesday,
the 18th day OF February, 1890, and
axe the sense of the freehold voters
Oh the question, whether the said
council shall he authorized, in the
.lne OF and for the use of he city,
o cause TO be issued, bonds to al
mount not exceeding one hundred
thousand dollars for the purpose of ,
iuaking second and further sub
eruption TO the capital stock OF the
itoanCke and Southern Railway COM
pany.
.. The said election shall be held
md the authority 70 issue SAID bonds
md raise said subscription shall be
upon the following terms and COLI
iitious namely:
|. The said council may subscribe
or the stock of said company TO the
mount of one hundred thousand
collars; provided, thar the az
:regate debt of the city shall
rot exceed ten per crntum of the
,s,essed value of the properly. real
,nd personal. within the city limits.
III That the said company shall,
Il Ia nrir
ION shall be made, commence to con
truct Its line of road at point within
me mile from the present city limits
i the city of Roanoke, and shall pros
t,cute the same i'll bona fide manner
with all reasonable diligence TO its
completion, and furthermore, that
within six months after the work
tall be so begun, the said company
,hall connect between the point just
Indicated and its terminus within the
present limits Of the city of Roanoke.
Ill. The bonds of the city of R0a-
ioke shall bear 6per centum interest
Der annum and shall be redeemable
n thirty years from their date, and
hall be issued and delivered the said
Roanoke and Southern railway us fol-
,uws: Upon the certificate the chief
.ngineer of said railway of the com
pletion of the grading of each and
very mile OF said road from Roa-
uoke city southwark, the city of Roa-
uoke shall deliver to said railway
the bonds of said city to rhe amount
IF five thousand dollars and upon
ike certificate OF the engineer for each
and every mile of said road when
the superstructure is complete. and
ready for operation, the said city
hall deliver to said railway bonds
of said city 10 the amount OF
five thousand dollars per mile until
the entire su,n of 500, 900 provided for
in this ordinance shall be delivered.
Upon the delivery OF each install
nent of said bonds TO the railway
ulupany the said company shall de
,ver to the said city certificates nj
took in said railway TO the amount
Ut said bonds.
". The subscription when made
~ the city council shall he upon the
rrms and conditions set forth, and
whenever the said company fail to
umply with said terms and condl
ions, then, and in .nat event. the
aid subscription. at the option OF
said city, shall be void.
V The election shall be held and
Conducted IN the manner pro, ided TOR
under section 1913 and 1244 OF the code
of Virginia, and the question sub
United shall be determined under
the provisions OF section 80, chapter
V. of The charter Of said city.
VI. The sergeant shall cause certI-
fed copy of this ordinance to be pub
ished in the daily papers of this city,
and shall post a copy of the same ut
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 at
sunrise on
TUESDAY, February IS, 1890
for vote to be taken as specified IN
said order. G. w. THOMAS,
Sergeant.
JanuaryN15th, 1890.
janl01m.