Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-23
AN ORDINA NOE.

At a meeting OF the council held
January IA, 1890, the following ordl-
nance was adopted:
Be it ordained by the council OF
the city Of Roanoke, upon the pc
tition of the Roanok and Souther
Railway company, by its president,
filed on the 3rd day of December.
1889.
/. That the sergeant and Judges OF
election for 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 SAD
council shall be authorized, in the
maine 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 q second and further sub
scription to the capital stock of the
Roanoke and Southern Railway COM
pany.
Q. The said election shall be held
and the authority to issue sad bonds
and raise said subscription shall be
upon the following terms and COLI
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-
gregate debt of the city shall
not exceed ten per centum OF thu,
assessed value of the property: real
and personal. within the city limits.
III That the said company shall,
within ninety days after said subscrip-
ton shall be made, commences to con
struct 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 bona tide manner
with all reasonable diligence TO It's
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 Roauoke.
III. The bonds of the city of R"a
nokc shall bear 6per centum interest
Der annum and shall he redeelnaDlt
in thirty years from their date, ana
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 aud
every mile Of said road from Roa-
noke city southwark, the city OF koa-
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 Tor eacl
and every mile of said road when
the superstructure is complete. ana
ready tor operation, the said city
shall deliver to said railway londs
of said city TO the amount OF
five thousand dollars per mile until
the entire sun. of 500. 900 provided Tor
in this ordinance shall be Delivered.
Upon the delivery of each Install
ment of said bonds 70 the railway
coiupan, the said company shall de
liver to the said city certificates nj
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, aud
whenever the said company tall 70
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 Tor
under section 1913 and l2il OF the code
of Virginia. and the question SUB
United shall be determined undt
the provisions OF section 30. chapter
V. of the charter Of said city.
VI. The sergeant shall cause cert
fled copy of this ordinance TO be pub
lished in the daily papers OF this city,
and shall post a copy of the same at
each of the voting places n thirty
days previous to the day OF election
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 is, $50
for vote to be taken as specified in
said order. &. w. IHONA
Sergeant.
January 18th, 1880