Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-03-29

nreGinets of sar "a IttS 3LSs-
the 18th day of L
take the sense of
on the question,
council shall be
name of and for tlc Stock
to cause TO be ISSUE
amount not exceedins
thousand dollars for
making second and. 49,
scription to the capital -NEnAl Ill
Roanoke and Southern
pany.
9. The said election
and the authority to issue Va
and raise said subscriptiE
upon the following termsb e,rnrf
ditions namely: Sts 6nels
|. The said council mays
for the stock of said compare &
amount of one hundred IL,
dollars; provided, that tlRM IL!
gregate debt of the city w a
not exceed ten per centum OF
assessed value OF the property. A.s
and personal. within the city limits
III. That the said company shall,
within ninety days after said subscrip-
ton shall be made, commence to 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 II bona iide manner
with all reasonable diligence TO III
completion, and furthermore, thai
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 Roa-
noke shall bear 6per centum interest
per annum and shall be redeemable
in thirty years from their date, and
shall be issued and delivered the said
Roanoke and Southern railway as fol
lows: Upon the certificate the chief
engineer of said railway of the com.
pletion of the grading of each and
every mile OF said road from Roa-
noke city southwark, the city OF Roa-
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 when
the superstructure is complete. and
ready for operation, the said city
shall deliver to said railway bonds
of said city TO the amount OF
five thousand dollars per mile until
the entire SUN of 500, 900 provided for
in this ordinance shall be delivered,
Upon the delivery of each Install
ment of said bonds to the railway
company the said company shall de
liver to the said city certificates nj
stock in said railway 10 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 to
comply with said terms and condi
lions, then, and in t!:at eveEt, the
said subscription, ut the option oil
said city, shall be void.
V. The election shall be held and
conducted IN the manner prov ided for
under section 1913 and 1911 of the code
of Virginia, and the question sub
rnitted shall be determined under
the provisions of section 81, chapter
V. of the charter Oh said city.
VI. The sergeant shall cause Il certl
fed copy of this ordinance to be pub
lished in the daily papers of this city
and shall post q copy OF the same n
each of the voting places for thirt,
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 poll.
will be opened at the several voting
precincts of the city of Roanoke a
sunrise on
TUESDAY February IS, 1896
for vote to be taken as specified il
said order G. w. THOMAS,
Sergeant.
January 18th, 1890
jan10-1m.