Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-02-02
AN ORDINANCE
At a meeting OF the council held
January IA, 1890, the following ordi-

AL u IuecLtuS w IllC ScohSii hSHe
January IA, 1890, the following ordi-
nance was adopted:
Be it ordained b the council OF
the city of Roanolsv upon the pc
tition of the Roanoke, and Soutller
Railway company, by its president,
filed on the 3rd day OF December,
1889. !.
/. 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
tuke 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
scriptlon to the capital stock OF the
Roanoke and Southern Railway COM
pany.
?. The said election shall be held
and the authority 10 issue SAID bonus
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 of one hundred thousand
dollars; provided, that the ag-
Sregate 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 he said company shall,
within ninety days alter said subscrip-
ton shall be made, commence to con.
.truct Its line OF road at point within
one mile from the present city limits
of the city of Roanoke, and shall pros
ecute the same in II bona lide mannrr
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.
III. The bonds CT the city Of Roa
noke shall bear 6per centum interest
Der annun and shall he redeeInable
IN thirty years from their date, ana
shall be issued anG delivered the said
Roanoke aud Southern railway rs 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-
poke city southwark, the city of Roa
poke 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 10 the amount OF
five thousand dollars PER mile until
the entire SUN of 800, provided for
in this ordinance shall be delivered.
Upon the delivery of each install
ment OF said bonds 10 the railway
company the said company shall de
liver to the said city certificates "i
stock in said railway TO the amount
OF said bonds.
". The subscription when made
| by the city council shall be upon th'
terms and conditions set forth, AM
whenever the said company fail 10
comply with said terms and cordi
| llOIlS, llltu, tllIl III s..it eNCHt, nv
said subscription at the option of
said city, shall be void.
V The election shall be held and
conducted III the manner provided f"r
under section 12l3 and l24i of the coh'
of Virginia, and the question sal
United shall be determined under
/ the provisions OF section 80, chapter
V. of the charter OF said city.
VI. The sergeant shall cause Il cert'-
fed copy of this ordinance to be pub
lished in the daily papers of this city,
and shall post copy of the same III
each of the voting places fpr thirty
days previous to the day OF election
A copy-teste.
GEO. L BENNETT. Clerk.
In obedience to the foregoing orGer.
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 IS, 1890
for vote to be taken as specified in
said order. G. w. THOMAS,
Sergeant.
January 18th, 1890.