Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-02-09

AN ORDINA nee.


At a meeting of the council hi
January Il, 1890, the following orr
nance was adopted:
Be it ordained b the corne't
the city of Roanoky upon ine
tition of the Roanoke, and Souiv'
Railway company, by its pTesidyn
filed on the 3rd day OF Decemo"r
1889.
/. That the sergeant and judges 81
election for the said city OF EoanoA,
do open a poll at the several ro!i'z
precincts of said city, on Tuesday
the 18th day of February, 1890, ana
take the sense of the freehold voters
on the question, whether the sad
council shall be authorized. Ill the
name of and for the use OF 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 SUD
scription to the capital stock OF the
Roanoke and Southern Railway CON-
pany. =,
2. The said election shall be held
and the authority TO issue sad bonds
and raise said subscription shall be
upon the following terms and con
ditions namely:
l. The said council may subscribe
for the stock of said company to the
amount of one hundred Thousand
dollars; provided, thar the aS-
Sregate debt of the city shall
not exceed ten per centum of the
assessed value of the properly. read
and personal. within the city limits.
II That the said company SHAH,
within ninety days after said subsorip-
ton shall be made, commence 10 con
struct its 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 in a bona tide manner
with all reasonable diligence 10 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 of the city OF hua-
noke shall bear Gper centum interest
per annum and shall be redeemable
in thirty years from their date. and
Roanoke and Southern railway Is fol-
lows: Upon the certificate the chicl
engineer of said railway of the coin
pletion of the grading of each and
every mile OF said road from Roa-
noke city southwark, the city OF Hoa-
noke shall deliver TO said railway
the bonds of said city TO the amount
of five thousand dollars and upon
like certificate of the engineer for each
and every mile of said road whei
the superStructure is complete. auC
ready for operation, the said city
shall deliver to said railway bonds
of said city to the amount oil
five thousand dollars per nile until
the entire SUN of 100000 provided foI
in this ordinance shall be delivered.
Upon the delivery OF each INSTALL
ment of said bonds 70 tie railway
company the said company shall de
liver to the said city certificates Of
stock in said railway 20 the amount
of said bonds.
". The subscription when made
by the city council shall be upon the
terms and conditions set forth. aud
whenever the said company fail 10
comply with said terms and coadi-
tions, then. and in that event, the
said subscription, at the option Of
said city, shall be void.
V. The election shall be held and
conducted IN the manner pro, lied tor
under section 1913 and 1?44 oil the code
of Virginia, and the question sub
mitted shall be determined under
the provisions of section st, chapter
V. of the charter OF said city.
VI. The sergeant shall cause Il ecrti-
fed copy of this ordinance to be pnb-
lished in the daily papers OF this city,
and shall post a copy of the same at
each of the voting places f>r thirty
days previous to the day OF election.
A copy-teSte.
GEO. L BENNETT, Clerk
In obedience to the foregoing ort.er,
notice is hereby given that the polls
will be opened at the several voting
precincts of the city OF Roanohe at
sunrise on
TUESDAY, February rs, 1890
for vote to be taken as specified in
said order. G. w. THOMAS.
Sergeant.
= January 18th, 1890
!o- - ~