Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-10
AN ORDlN A NOE.

AT d meeting Of the council held
January Z, 1890, the following ordi
nance was adopted:
Be it ordained by the council OF
the city of Roanoke, upon the pc
tition of the Roanoke AID Southern
Railway company, by its president,
filed on the 8rd day of December,
1889.
/. 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 shall be authorized, in 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 n 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 SAID bonds
and raise said subscription shall be
upon the following terms and con-
ditions namely:
|. The said council may subscribe
for the stock of said company to the
amount o! one hundred thousand
dollars; provided, that tie 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 the said sub
scription shall be made, commence TO
construct its line of road at its ter
minus within the present city limits
of the city Of Roanoke, aud
shall prosecute the same in II bona
fde manner with all reasonable diiii-
gence to its completion.
III. The bonds of the city Of Roa-
noke shall bear 6per centum per am
mum and shall be redeelnable in thir-
tyyears, and shall be issued and deliv-
cred the said Roanoke and Southern
railway as follows: Upon the certiti-
cate the chief engineer of said rail
way of the completion of the grading
of each and every mile OF said road
from Roanoke city southwark, the city
of Roanoke shall deliver to said rail
way 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 suul 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 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 TO
comply with said terms and condi
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 provided for
under section 1913 and 1914 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-
fled copy of this ordinance to be pub
lished in the daily papers of this city,
and shall post n copy of the same at
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 II, 1890
for vote to be taken as specified in
said order. G. w. THOMAS,
Sergeant.
January 9th, 1880.
janl0-1m.