Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-30
Wright HIocls:
AN ORDINA NOE.

1t ~ meeting OF the council held
January If, 1890, the following ordl-
rance WAS adopted:
BE it ordained BY the council of
the city OF Roanoke upon the pc
1ition 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 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 sad
council shall be authorized, i'll the
name of and for the use of the city,
10 cguse TO be issued, bonds to an
amount not exceeding one hundred
thousand dollars for the purpose OF
making a second and further sub
scrlptou to the capital stock OF the
Roanoke and Southern Railway COM
puny.
,. The said election shall be held
and the authority 10 issue SAID bonds
and raise said subscription shall be
upon the following terms and con
ditions namely:
|. The SAID council may subscribe
for the stock OF said company 10 the
amount of one hundred thousand
dollars; provided, thar the az,
gregate dcht OF the city shall
not exceed TEN per ceutum OF the
assessed value of the property. real
and personal. within the city limits.
III That the said company shall,
within ninety days alter said subscrlp-
ton shall be made, commence to con
>truct 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 n bona iide manner
with all reasonable diligence 70 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 its terminus within the
present limits-of the-"ity of Roanoke.
III. The Bonds Of the city of Ron
noke shall bear 6per centum interest
per annunEGnd shall be redeemah!e
in thirty wears from their date, and
shall be'is5ucd and delivered the said
Roauoke anG Southern railway as fol
lows: Upon the certificate the chief
engineer of said railway CT the com
-rlet!On of tie grading OF each and
every alie OF said road from Roa-
nohe citf southwark, the city of Roa-
no:e stall deliver TO said railway
the bonds of said city TO The amount
of five Sthou>apd 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 suu of 500, 900 provided for
in This ordinance shall be delivered.
Upon the delivery of each Install
mrnt of said bonds TO the rallwa!
company 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
by the city council shall be upon the
terms and conditions set forth, and
whenever the said company fail to
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 he held and
conducted IN the manner pro, lied Tor
under section 1913 and 1244 of the code
of Virginia, and the question sub
United shall be determined under
the provisions of section 81, chapter
Y. of the charter OF said city.
VI. The sergeant shall cause I; certi'
fed copy of this ordinance to be pub
Ii>hed in the daily papers of this city,
and shall post copy of the same al
each Of the voting places for thirty
DAYS previous to the day Of election.
a copy-teste.
GEO. l. BENNETT, Clerk.
In obedience to the foregoing order,
notice is hereby given that the polls
-wiIl,be opened at the several voting
precincts of the city of Roanoke at
sunrise on .....--......-.-, ..s
TUESDAY, February IS, 1890
for u vote to be taken as specified in
said: order. ~ifG.t W. THOMAS,
Sergeant.
January 18th. 1890.
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