Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-19
AN 0RDIN ANCE.

]
January IA, 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 and Southern
Railway company, by it's president,
filed on the 3rd day of December.
1889.
i. That the sergeant and judges Of
election tor 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
ralue Of aud for the use of the city,
to cause 70 be issued, bonds to an
amount not exceeding one hundred
thousand dollars for the purpose OF
making a second and further sub
,crlption to the capital stock of the
Roanoke aud Southern Railway conf
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:
|. The said council may subscribe
Tor the stock of said company to the
amount of one hundred thousand
dollars; provided, thar the ag-
Sregate debt of the city shall
not exceed ten per centC:H of the
assessed value of the properly. real
and personal. within the city limits.
III That the said company shall,
within ninety da! 5 after said subscrip-
ion shall be made, commence to con.
trust lts line of road at a point within
one mile from the present city limits
of the city of Roanoke. and shall pros
ecute the same in n bona tide manner
with all reasonable diligence TO 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.
Ill. The bonds If the city of R"a-
noke shall bear 6per centum interest
pr annum aud shall be redeemable
III 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 eaid road from Roa-
noke city southwark, the city OF Roa-
uoke 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
md every mile of said road when
the superstructrre is complete. and
ready for operation, the said city
shall deliver to said railway tonds
of said city 10 the amount OF
five thousand dollars per mile until
the entire SUN of 100000 provided. *
IN this ordinance shall n aoi;rara aJ'
Upon the delivery {; os q, dei instaII
iiieii. oi I'd bonds to the railway
s =, nG,any the said company shall de
liver to the said city certificates OF
took 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
.omply with said terms and condl-
| IlOIlS, llleIl. anu III tildo CNCbN' VIZ
aid subscription, at the option OF
said city, shall be void.
V The election shall be held and
Conducted in the manner provided for
,nder section 1913 and 1914 of the code
If Virginia. and the question sub
uitted shall be determined under
he provisions of section so, chapter
V. Of the charter of said city.
VI, The sergeant shall cause certi-
fled copy of this ordinance to be pub
.,shed in the daily papers of this city,
md shall post copy of the same at
zach of the voting places for thirty
lays 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
unrise on
TUESDAY, February is, 1890
tor vote to be taken as specified in
lid order. {. w. THOMAS.
Sergeant.
| J,,.,r,, -1th 1Sa0