Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-02-12
ion12 tj,lleb!g
An ORDINA NOE.

Ata meeting az the council held
January II, 1880, the following ordl
nance was adopted:
BE il ordained by The council OF
tie city or Roanoke. upon the pc
titio1. Of the Roanoke, and Southern
Railway COMPANY, Icy is president
flied on the @:;i day nj December
L. That the sergeant anu JntTy5cs N
election Tor tive said city OF Roanoke
DO ops:l y poll ~ the several voting
precincts 81 said city, on Tuesday,
the 1eth DAY OF February, 1890, and
take The sense al the freehold voters
OH tile question, whether the said
nouutii shall DC authorized, i'll the
name Of a9d 20: the use Of the city,
TO cause 70 be issued, bonds to an
amount not eXceedir. one hundred
thousand dollars for the purpose of
making Il second and further sub
scrIption 10 the capita! stock OF the
Hoauolle and Southern Railway colu-
pany.
The said election shall be held
and the authority 30 Issue SAID bonds
and raise said subscription shall be
upon ;he following terms ana COLI
ditions namely:
I. The SAID council may subscribe
for the stock Of said company to the
amount Of one hundred thousand
dollars; provided, thar the az
,;regate debt o! the city shall
not exceed ten per ccntam Of the
assessed value Of the property, real
and personal. within the city limits.
II chat he said company shall,
within ninety days after said subscrip-
rion shall be made, commence to con-
stru;I It's li.e OF road ut Il point within
one mile from the present city limits
OF the city OF Roanoke, and shall pros
ecute ;le same in It bona iide manner
with all reasonable diligence 10 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 lis terminus within the
present limits Of the city of Roanoke
Ill. The bonds II the city OF Roa
noke shall bear 6pcr centnm interest
per annuin aud shall! he redecnable
in thirty years from their Gate, and
shall be issned and delivered the said
Roanoke and Southern railway as fol-
lows: Upou the certificate the chief
engineer OF said railway Of the com
p!etou OF the grading OF each and
every ;uiie o! said road from Roa-
noke cts soutiiwafd, the city Of Roa
noi.e shall deliver - said railway
the hou,.s oi said city 10 the amount
Of five thousand dollars and upon
like cert ii:c;tt, o! the engineer for each
and every lni!c Of said road when
tie superstracfyrc is complete, and
ready for operation, the said city
shall deliver 10 said railway bonds
OF said ely to The amount of
five thousand dollars per mile until
the entire sun Of $l00,G00 provided for
in This ordinance shall bc delivered.
Upon lhe delivery OF each install
ment OF said bonds TO the railway
colupan, The said company shall de
liver TO the said city certificates of
stock IN said railway TO the amount
of said bonds.
". The subscription when made
10y the city council shall be upon the
terms and conditions set forth, and
whenever the said company fail 70
comply with said terms and condi-
tons, then. and in :Est event, the
said subscription, ct the option of
said city. shall be void.
V Tie election shall he held and
conducted IN the manner provided for
under section 1913 and 1914 OF the code
of Virginia, and the question sub
united shall he determined under
the provisions Of section 80, chapter
Y. OF the charter OF said city.
VI The sergeant shall cause d certi-
fled copy of this ordinance to be pub
lished i'll the daily papers of this city,
and shall post s copy of the same at
each of The voting places for thirty
days previous to the day Of election.
y copy-teste.
GEO. l. BENNETT, Clerk.
lii obedience 10 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, 1890
for vote to be taken as specified in
said order G. w. THOMAS,
Sergeant.
Ioo,iar,. f5th 1SQ0