Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-14
AN 0RDIN L NOE.

Alta meeting az the council held 4
January Z, 1890, the following ordi-
nance WAS adopted
BE it ordaiued by tlie council OF
the city OF Roanoke, upon the pc
ltition oi the Roanoke and Southern
Railway company, by its president,
flied on tho Ord day OF December,
1SS0.
I. That the sergeant and judges OF
election ior The SAID city of Roanoke
i,io open II f,ell at the several voting
pretines of said city, on Tuesday,
ithe ilth day OF February, 1890, ana
take the sense OF the freehold voters
on the question, whether the said
IeouAcN ahal, he authorized, in the
u 1ie OF aud t0r tho use of the city,
/ ~ cuse 10 be issued, bonds to an
amount not exceeding one hundred
! UGeustutI dollars for Che purpose OF
utAk!Us g second and further sub
estDtjgn - the capital stock Of the
/ .salnollo anal Southern Railway com
! l3any.
/ .Dho ga5l election Shall be held
ana the authority 70 issue said bonds
sad raise said subscriptions shall be
anon the following terms and con
tiiaoas umnely:
!. The sad council may subscribe
! Tor Ae >tog& of said company TO the
&mouul og one hundred thousand
doHars; provided, thar d. ag-
s.resaIe debt OF Che city shall
aot exceed ten per centum of the
! assessed value OF the property, real
ard personal. within the city limits.
II. That the Said company shall
within ninety days after The said sub
f, SER ptiGD shall be made, commence TO
construct its live OF road al lis ter
MIMI. within Tie present city limits
OF the city OF Roanoke, and
shall prosecute the Same in q bona
ode manner with all reasonable dill
geuce 10 it5 completion.
/ iii The bonds Of tile Guy Of Roa-
uoke shalt bear 6per centum per an
uuu and shall he redeemahie III thir-
! ~ years, and sh&i! be Issued and dcliv-
cred The s4id Roanoke and Southern
/ railway rs follows: Upon the cert!si-
cate tie chief engineer Of said rail
way Of Tie conp.etiOn Of the grading
OF each and every mile OF said road
/ from Roanoke city southwark, the city
al Roanoke shall deliver to said rail
WAY The bonds Of said city 10 tle
tMuouut Of five thousand dollars ana
/ upoa IKE certificate OF the engineer for
each and every mile OF said road
when the superstructuTe is complete.
and ready for operation, the said
city sLeli deliver TO said railway
bonds OF said city TO the amount of
/ i've thousand dollars per mile until
! tine entire sua. Of 500, COO provided for
IN This ordinance shall be delivered.
Upon tie delivery of each install
lneul @! said bonds 30 the railway
comtauy the said company shall de
! liver 10 the said city certificates nf
stool in said railway 10 the amount
OF said bonds.
( ~. The subscription when made
! byJ The cigy council shall be upon the
! terms and conditions set forth, aud
( whenever the said company fail TO
ompiy with said terms and conGi-
aons. then. and IL that event, the
/ nid su's-"rip tion. ut The option OF
+ saii; cay, shall he void.
\ Tie election shall be held and
icoaideIed il the manner provided Tor
/ under section 1913 ard 1911 Of the code
/ OF Virginia, ANA the question sub
iuit:et, Shaji he determined under
Jhe provisions of section 90, chapter
+ y. OF the charter Of sad city.
VI The sergeant shall cause a ceTti-
( fad copy Of this ordinance 10 be pub
iished III the daily papers Of this city.
ard Shall post s copy Of the same at
each OF the voting places for thirty
dgYs previous 10 the day of election.