The comet. (Johnson City, Tenn.) 1884-1916, 1891-12-03

general direction and line of said rail
road through said county.
The Louisville, Cumberland G'p|
and Atlantic Railroad Company here
by agrees to commence in good faith
and continue to construct said railroad
through said County of Washington
within three months after the issue
ance OF said bonds to said bank, Trus-
tee or Trust Company, as herein be-
fore provided, until the same shall be
put in operation.
The Unaka and Nolachucky Rail
road Company proposes to construct a
line OF railroad, standard gauge, from
a point at or near Embreeville, in
Washington county, Tennessee, to
Newport, Cooke county, Tennessee,
also interesting the G. G. & N. R. R,
extending by the way of Greeneville
to Hot Springs, N, G. Said railroad
company will locate and construct its
line of railroad through the County Of
Washington in three years from date
thereof.
The undersigned, Unaka and No
lachucky Railroad Company respect
fully ask the subscription of fifty thou
sand ($50,0O0) dollars from the County
of Washington to the capital stock Of
said railroad company, payable in
coupon bonds of said Washington
county, bearing interest at the rate OF
five (5) per cent, per annum, payable
semi-annually. Said bonds to run
twenty (20) years from the date Of the
delivery-as herein provided-to said
railroad and not bear interest until de-
livered, and until said railroad is COM
pleted through the County of Wash
ington. The same to be issued and
delivered in escrow to some Bank ,Trus-
tee or Trust Company, 20 be held I'M
til the Chairman of the County Court
of Washington county and the Chief
Engineer of the Unaka and Nola-
chucky Railroad Company shall Ger.
tify that the said railroad company
has fully complied with its part OF said
contract or undertaking herein en-
tered into, and said bank, Trustee, or
Trust Company, which may be Sc
lected and agreed upon, shall hold
said bonds, and turn the same over to
the proper officer of said Unaka and
Nolachucky Railroad Company on the
certificate as above provided.
When said Unaka and Nolachucky
Railroad Company shall have located
and put IN operation its line of road
through said county, said bonds are
to be turned over to the officer of said
railroad, as herein before provided.
The Unaka and Nolachucky Rail
road Company herewith submit mar
or plan certified by R A. Bowie, Chic
Engineer OF said railroad com oanv
showing the general direction and line
OF said railroad through said county
The Unaka and Nolachucky Rail
road Company hereby agree to com
mence in good faith and continue tt
construct said railroad through said
County of Washington within three
(3) months after the issuance of sale
bonds to said bank, Trustee or Trus
Company, as herein before provided
until the same shall be put in opera
ton.
Aug. 25, 1891.
Louisville, Cumberland Gap and AT
lantic Railroad Company,
BY H. H. CARR, President
Unaka and Nolachucky Railroad
Company,
By A. S. JOHNSON, President
And the court, upon due and full
consideration, being of opinion tina
the question of said subscription
should be submitted to vote of tn
electors of the county, it is so ordered
But before voting upon said PROPOSE
ton to submit said applications to a
election by the people, the followin
condition and proviso was added to sal
applications by the court and assente
to by the petitioners, and was made
part of said application, to-wit Tha
the bonds to be issued to said railroad
respectively shall not be delivered t
them, or either Of them, or become du
or bear interest, or become liabilit
on or an obligation of the county i
, whole or part until both and each c
said roads are constructed and put int
operation through said county; and sal
: bonds to be delivered to the proper off
GERS of said railroad company upon tn
! terms and conditions provided in tn
Act of 1887, and after said railroad com
J pany shall deliver certificates Of tn