The comet. (Johnson City, Tenn.) 1884-1916, 1890-02-06
THE THREE C'S PROPOSITION.
To the Board of Mayor and Alder.
men of Johnson City, Tennessee.

The undersigned Charleston, Cincinnati and
Chicago Rail Road Company body polite and
corporate, chartered under the laws of the State
of Tennessee submits the following application
for aid from the town of Johnson City under the
acts ofthe General Assembly the State of Ten
nessee, chapter 3rd, page 81 and chapter 5S,
page l29 of the acts of 1887. The said Railroad
Company proposes to construct line OF Rail
road, standard guage, from Charleston, in the
State of South Carolina TO Ashland In the State
of Kentucky, and has located and is construct.
ing its line of railroad through the Corporate
limits OF the town of Johnson City, and will
complete that portion of its line within said
town and county on or before the SOth day of
April, 1890.
The undersigned Charleston, Cincinnati and
Chicago Railroad Company respectfully asks
the subscription of Seventy Five Thousand Dol
lars (75,00O) from the Town of johnson City,
Tennessee, to the Capital stock of said r. r..
Company, payable in coupon bonds of said
town OF Johnson City bearing interest at six
per cent per annum, said bonds to run twenty
years from date of their delivery as herein pro-
vided, and not bear interest until delivered and
until said Railroad is completed as here in pro.
vided, said Bonds to be issued and delivered in
escorw to some Bank Trustee or Trust Company
| to be held until the Mayor of said town and the
| Chief Engineer Of the Charleston, Cincinnati
and Chicago Railroad Company shall certify
that the said Railroad Company has fully COM
piled with its part OF said contract or undertak-
| ing herein entered into and said Bank, Trustee
lnr Truc CT utuh oh ha and
agreed upon, shall hold said Bonds and turn
the same over to the proper officers of said
Charleston, Cincinnati and Chicago Railroad
Company, on the certificate as above provided.
When said Charleston, Cincinnati and Chica-
so Railroad Company shall have constructed
and put IN operation its line of Railroad from
the line separating the counties Of Washington
and Carter on the South east of said town to
the line separating the countess of Washington
and Sullivan on the northwest Of said town said
Road having been located and constructed
through the town OF Johnson City then said
Seventy five Thousand Dollars 10000 of Bonds
shall be turned over to the officers of said Rail
read Company as above provided. The Char
lesion, Cincinnati and Chicago Railroad Com
paw herewith submits map or plan certified
by the Chief Engineer of said Railroad Com
pany, showing the general direction and line ol
said Railroad thro said town said line of road
being indicated by red line on said plan, said
Railroad Company hereby agrees to contract
and put in operation the line of its road through
the county as above set forth, by the 30th day oI
| April 1890
The Charleston, Cincinnati and Chicago Rail
road Company agrees to erect and maintain its
| shops for building cars and locomotives and
the repairs OF the same near where the line Of
said Railroad crosses the track Of East Tennes
see, Virginia and Georgia Railroad, and inside
the corporate limits of said town, as the Chic
Engineer OF said Railroad may determine thu
site thereof. This proposition when accepted
by said town and ratified by the voters Of The
same shall be in lieu Of the proposition hereto
lore acted on, submitted Feb. 23rd, 1889, by sale
Railroad Company to the corporate authorities
OF said town. proposing to subscribe Seventy
Five Thousand Dollars to the Capital Stock o
said Railroad Company.
CHARLESTON, CINCINNATI & CHICAGO
RAILROAD COMPANY.
l. SEAL. By r. A. JOHNSON.
December 3O,h 1889. General Manager.