Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-29
AN ORDINA NOE.

At meeting at the council held
nance was adopted:
Be it ordained by the council of
the city Of Roanoke, upon the pc
titon of the Roanok aud Souther
halfway 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 Il poll at the several voting
precincts of said city, on Tuesday,
the 18th day OF February. 1890, and
t,ke the sense of the freehold voters
on the question, whether the said
council shall be authorized, in the
rinne of and for the use of HE city,
TO cause 70 be issued. bonds To an
amount not exceeding one hundred
Thousand dollars for the purpose OF
making second and further sub
scrlptlon to the capital stock OF the
Roanoke aud Southern Railway com
pany.
9. The said election shall be held
and the authority to issue said bonds
and raise said subscription shall be
upon the following terIu> and con-
diiious namely:
l. The said council may subscribe
for the stock of said company TO the
amount of one hundred thousand
dollars; provided, thar the az
not exceed ten per centrum OF the
assessed value OF the properly. real
and personal, within the city limits.
III That the said coupany shall,
within ninety day after laid subscrip-
ton shall be made, commence TO con
-tru:t Its line OF road ut Il point within
one mile from the present city Limits
ot the city of koauoke and shall pros
ecute the same in Il bona tidc manner
with all reasonable diligence 10 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 Roanoke
Ill. The bonds # the city of kpa
noke shall bear Gper centunl interest
Der anuum and shall be redeeinable
in thirty years from their date, and
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 and
every mile OF said road from Roa-
noke city southwark. the city of Roa
noke shall deliver TO said railway
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 Tor operation, the >aid city
shall deliver 10 said railway bonds
OF said city 10 the amount OF
five thousand dollars zee mile until
the entire sunA of 500 ,GG0 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 of
stock in said railway 70 the amount
Of said bonds.
". The subscription when made
by the city council shall be upon the
terms and conditions sci forth, and
whenever the said company fail 10
comply with said terms and condi-
tions, then, and in t...at event, the
said subscription at the option OF
said city, shall be void.
V The election shall be held and
conducted IN the manner pro. iied Tor
under section 1913 anG l?i4 of the code
of Virginia and the question sab
United shall be determined under
the provisions of section 5n, chapter
V. OF rhe charter OF said city.
VI. The srrgean; >Iiai cau-e :, certl-
fed copy of this ordinance 20 h" pub
lished in the daily papers OF this city,
and shall post "A copy OF the same at
each of the voting places f r thirty
days previous To the day OF election.
~ copy-teste.
GEO l. BENNETT, lerl:.
In obedience TO the foregoing order,
notice is hereby given thar the polls
will be opened nj the several voting
precincts of the CRY of Roanok. AT
sunrise on
TUESDAY,Feb ulry rs, 800
for IL vote to be taken rs specified in
said order 4. w THOMAS.
SergeanJ.
January 18th, 1890
ianl0 I'm.