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

ty, said bonds are to be turned over
to the officer of said railroads, as here
in before provided.
The Louisville, Cumberland Gap
and Atlantic Railroad Company here
with submit a map or plan certified
by Thos. E. Matson, Chief Engineer
of said railroad company, showing the
general direction and line of said rail.
road through said county.
The Louisville, Cumberland Gap
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
line OF railroad, standard gauge, from
point at or near Embreeville, in
Washington county, Tennessee, to
Newport, Cooke county, Tennessee,
also intersectiug the G. G. & N. R. R.
extending by the way OF Greeneville
to Hot Springs, N. G. Said railroad
company willlocate 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 $3.50, 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-annualIy. 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, OF
Trust Company, which may be Sc
lected and agreed upon, shall hold
said bonds, and turn the same over tc
the proper officer of said Unaka ard
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 sale
railroad, as herein before provided.
The Unaka and Nolachucky Rail
road Company herewith submit a maj
or plan certified by r. A. Bowie, Chic
Engineer of said railroad COMPANY
showing the general direction and lint
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 sale
County of Washington within three
(3) months after the issuance of salt
bonds to said bank, Trustee or Trus
Company, as herein before provided
until the same shall be put in opera
ton.
: Aug Is, 1891.
: Louisville, Cumberland Gap and Al
lantic Railroad Company,
By H. H. CARR, President
Unaka and Nolachucky Railroa
Company,
By A. S. JOHNSON, President
And the court, upon due and fu
: consideration, being of opinion tha
! the question of said subscriptio
: should be submitted to vote of tn
electors of the county, it is so ordered
But before voting upon said propos
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: Th'
the bonds to be issued to said railroad
respectively shall not be delivered
, them, or either of them, or become du
or bear interest, or become liabilit