Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-09
AN 0RDIN 4 nee.


AT meeting Of the, council of the
scity of Roanoke, held Decent Der 10TH
1850, the following ordinance ,was
] adopted: -----'----- p sesf'---
Be it ordained by the council OF
the city of Roanoke, upon the pc.
tition of the Roanoke and Southern
Railway company, by its president.
filed on this, 3rd, day of December,
1889. [f@s%gEy q,
1. That the sergeant and judges or
election for the said city of Roanoke
do open poll at the several voting
precincts of said city, on Tuesday,
the 2Sth day of January, 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 second and further sub
scription to the capital stock OF the
Roanoke and Southern Railway COM
pany. 9ib1 !,
2. The said election shall be held
and the authority to issue bonds ann
make said subscription shall be upon
the following terms and conditions
namely: =, IN, 49,, .,.,. <-Vi'
l. The said council may subscribe
for the stock of said company to the
amount of one hundred thousand
dollars; provided, that in doing 81
the aggregate debt Of the city Shall
not exceed ten per centum Of the
assessed value of tho property, real
and personal, within the city limits.
ii. That the said company shall
within ninety days after the said sub
'cription shall be made, commence t.
construct its line OF, road at its ter;
minus in said city of Roanoke, OF
within one mile of the city limits ana
shall prosecute the same in IL bona
tide manner with all reasonable dill
2ence to its completion. 9iod aGs
Ill. The bonds of the city of Roa
oke shall bear per cent. interest
and shall be redeemable in thirty
years, and shall be issued and deliv
ed to q trustee, to be agreed upon
ttween the council Of the city OF
oanoke and the president OF tn.
Roanoke and Southern railway. The
said trustee upon the certificate OF
he chief engineer of said railway OF
the completion of the grading OF such
and every mile OF said road from
,oanoke city southwark shall deliver
10 said railway the bonds of said city
O he amount of 5000 and upol
Ike certificate of the engineer foI
Zach and every mile Of said roao
when the superstructure is completed
and ready for operation, the salt
trustee shall deliver to said railway
bonds to.the amount of $4,000 PEI
mile until the entire SUM OF $lO0, QOl
provided for in this ordinance shall
he delivered. ,,. =.
Upon the delivery of tn,
bonds of the said trustee II
The railway company the saio
company shall deliver to the salt
trustee certificates of stock in salt
way to the full amount of sale
uonds. .....,.
~. The subscription when made
y the city council shall be upon thu
terms and conditions herein SCI forth
q should the said company fnilott
ply with said terms and condl
IS, then, and in that event, thu
aid subscription, at the option o
city, shall be void. els
3 The election shall be held am,
conducted in the manner provided TO
lnder section 1243 and l2A OF the cod
# lrginla, and the question sub
nu,.d shall be determined ,und..
thr provisions OF section 80, chapte
V # the charter of said city. !.
The sergeant shall cause q CERT
fed copy of this ordinance to be pub
I'd in the daily papers OF this city
ud shall post n copy thereof ut eaci
he voting places for thirty day
'reyious to the day Of election. y,
y copy-teste.
GEO. l. BENNETT, Clerk.
In obedience to the foregoing order
notice is hereby given that the poll
will be opened at the several voting
precincts of the city of Roanoke Il
sunrise on ii,. -: .l'i-.i''
TUESDAY, JAN. %, 1896
for a vote to be taken as specified il
said law. G. W. THOMAS. FL
Sergeant.
Roanoke, December 18th, 1889.
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