Roanoke daily times. (Roanoke, Va) 1886-1890, 1890-01-21
AN ORDINA nee.

At 4 meeting OF the council held
January II, 1890, the following ordi.
nance was adopted:
Be 1t ordained by the council of
the city of Roanoke. upon the pc
tition of the Roanoll and Souther
Railway company, by its president,
filed on the 72rd day of December,
1880.
/. That the sergeant and judges of
election for 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, ana
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 10 be issued, bonds to an
amount not exceeding ozs hundred
thousand dollars for the purpose Of
making u second and further sub
scription to the capital stock of the
Roanoke and Southern Railway COM
pany-
2. The said election shall be held
and the authority to iss':e 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 to the
amount Of one hundred thousand
dollars; provided, that the as-
gregate debt of the city shall
not exceed ten per centum OF the
assessed value Of the property, ran
and personal. withia- tlh.e ciry limits
II That the said company shall,
within ninety days after said subscrip-
ton shall be made, commence to con
struct its line OF road 1T u point within
one mile from the present city limits
OF the city of Roanoke, ard shall pros
ecute the same in u bona lide manner
will, ali reasonable diligence 10 its
completion, ana Furthermore, that
within six months after the work
shall be so begun, The said company
shall connect between Tie point just
indicated and lis terminus within the
present lints OF ri.e city Of i;oanoile.
III. The bonds If TIE city Of Roa
nokc shall bear Gper centum interest
per annum and shall be rcdecmable
i'll 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 20 the amQUnt
of five thousand dollars and q ave
like certificate OF the engineer for "a N
and every mile OF said road when
the superstructure is complete, and
ready for operation, the said city
shall deliver to said railway londs
OF said city 10 the amount OF
five thousand dollars per mile until
the entire sum of 800, 900 provided for
in this ordinance shall be delivered.
Upon the delivery OF each install
ment of said bonds TO the railway
company the said company shall de
liver to the said city certificates Of
stock in said railway 10 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.
Y. The election shall be held and
conducted in the manner provided for
under section 1913 and l2ii of the code
of Virginia, and the question sub
mitted shall lie determined under
the provisions of section 80, chapter
V. of the charter of said city.
VI. The sergeant shall cause ccrti-
fed copy CT this ordinance to be pub
lished 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
will be opened at the several voting
precincts OF the city OF Roanoke ut
sunrise Oh
TUESDAY February IS, $50
for vote to be taken rs specified in
said order. G. ~ THOMAS,
Sergeant.
January 1Jth, 1880