Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-24
AN ORIlIN j nee.

At "a meeting OF the council held
January IA, 1890, the following ordi-
nance was adopted:
BE it ordained by tile council of
the city Of Roanoke. upon the pc
tition of the Roanok and Souther
Railway company, by its president.
fled on the 3rd day OF December.
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 18th day Of February. 1890, and
take the sense of the freehold voters
on the question, whether the said
council shall be authorized, in the
nmlne of and for the use nf the city,
to cause 70 be issued, bonds to III
amount not exceeding Que hundred
thousand dollars for the purpose of
making second and further sub
scriptlon to the capital stock of the
Roanoke and Southern Railway COLL
pany.
9. The said election shall be held
and the authority to issue said bonds
and raise said subscription shall be
upon the following terms and con-
ditions namely:
l. Thasaid council may subscribe
for the. Stock of said company to the
amount IF one hundred thousand
dollars; provided, that the ag-
gregate debt of tie city shall
not exceed ten per centum of the
assessed value of the properly. real
and personal. within the city limits.
III That the said comrany shall,
within ninety days liter said subscrip-
ton shall be made, commence 20 con
,tru:t ITS line of road alta point within
one mile from the present cry limits
of the city of Roanoke, and shall pros
ecute the saline in IL bona iide manner
with all reasonable diligence 70 its
completion, and furthermore, that
within six months after the work
shall be so begun, the said company
shall connect between the point Just
indicated and its terminus within the
present limits of the city of Roanoke.
III. The bonds If the city Of koa-
noke shall bear Gper ceutum interest
Der annum aud shall lie retieemthle
in thirty years from their date, and
Roanoke and Southern railway us fol
lows: Upon the certificate the chief
engineer of said railway of the com
pletion OF the grading OF each and
every mile o said road from Roa-
noke city southwark, the city of koa-
noke shall deliver TO said railway
the bonds of said city 10 The amount
of five thousand dollars and upon
like certificate oi the engineer for each
and every mile Of said road when
the superstructure il complete. and
ready for operation, the said city
shall deliver to said railway Londs
of said city TO The amount of
five thousand dollars ,,er mile until
the entire su.n OF 800, 900 provided for
in this ordinance shall be delivered.
Upon the delivery oteae!i Instail-
ment OF said bonds 10 the railway
company the said company shall de
liver to the said city certificates of
stock in said railway to the amount
OF said bonds.
". The subscription when made
by the city council shall be upon The
terms and conditions set forth, and
whenever the said company fail 10
comply with said terms aud condi-
tions, then, and in :..::at event. the
I said subscription. ut the option OF
said city, shall be void.
V. The election snail bs u" {, az,
conducted \. he man ert I'ded x
under section 80 ~ lec7'ie
of Virgins "a { Ego Ht sub
United slla d. r. TO- under
rho proyiSi.,, ~ tti.;- ter
V. of the charter G = .ity.
VI. The sergeant slaii cause ,certi-
fed copy of this ordinance 10 be pub
lished in the daily papers OF this city,
and shall post d copy of the same at
each of the voting places II thirty
days previous to the day OF election.
A copy-teste.
GEO. l. BENNETT, Clerk.
In obedience to the fore going order,
notice is hereby given thar 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 rs specified in
said order. G. W THOMAS,