Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-12
AN ORDINANCE.

January Z, 1890, the following ordl
nance was adopted
Be it ordained 10y the council OF
the city of Roanoke, upon the pc
tition of the Roanoke and Southern
Hallway company, by its president,
flied on the 3rd day of December.
1889.
1. That the sergeant and judges OF
election tor the said city Of Roanoke
do open IL 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 a 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 sad bonds
and raise said subscription shall DC
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 az
gregate debt of TIE city shall
not exceed ten per centum Of the
assessed value of the property, real
and personal, within the city limits
I IL Sh IL
within ninety days after the said sub
Scription shall be made, commence to
construct It's line OF road at It's ter
minus within tie present city iimi l.
of the city OF Roanoke, and
shall prosecute the same III Il bona
tide manner with I'LL reasonable DIM
ge:Icc to its completion.
Ill. The bonds If the city of isoa
nolle shall bear per centum per an
mum and shall be redccnable i'll thir-
tv years, and shall be issued and deliy;
cred the said Roanoke and Southern
railway rs follows: Upon the certili-
Gaze 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 10 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 su,l4 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 10 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 fail TO
comply with said terms and condi
tions, then. and in that event. the
said subscription, 1T the option OF
said city, shall be void.
Y Tie election shall be held and
conducted in the manner provided for
under section 1918 and 1874 OF the code
of Virginia. and the question sub
United shall be determined under
the provisions of section 30, chapter
V. of the charter OF said city.
VI. The sergeant shall cause certI-
fed copy OF this ordinance to be pub
liShad in the daily papers of this city F..
and shall post & copy Of the same III
each Of the voting places fJr thirty
days previous to Tie day OF election
GEO. !. BENNETT, Clerk.
In obedience 10 tie foregoing order,
notice is hereby given that the polls
will be opened ut the several voting
precincts of the city of Roanoke at
sunrise on
TUESDAY, February II, 1899
for IL vote to be taken as specified in
said order. c. W. THOMAS.