The comet. (Johnson City, Tenn.) 1884-1916, 1891-01-01
LIE THREE o,s PRoPosIrIoN.
To the Board of Mayor and Aldermen
of Johnson City, Tennessee.

4
under the laws OF the State I
VI Tennessee submits the following a
application for aid from the town Of
Johnson City under the acts OF the
General Assembly of the State OF Ten
nessee, chapter 3rd, page 81 and chap
Ter 5S, page 100 of the acts OF 1887.
The said Railroad Company proposes
to construct line of Railroad, stand
ard gauge, from Charleston, in the
State OF South Carolina, 10 Ashland,
in the State OF Kentucky, and has 10
Gated and is constructing its line Q!
railroad through the Corporate limi
of the town OF Johnson City, and will
complete that portion Of its line with
in said town and county on or before
the 30th day Of April, 1890.
The undersigned Charleston, Gin
cinnati and Chicago Railroad Compa-
ny respectfully asks the subscription
of Seventy Five Thousand Dollars
(75,0O0) IRON the town of Johnson
City, Tennessee, to the Capital stock |
OF said Il. R. Company, payable in
coupon bonds Of said town OF johnson
City bearing interest at SIX per cent
per annum, said bonds to run twenty
years from date of their delivery as
herein provided, and not bear interest
until delivered and until said railroad
is completed as herein provided, said
Bonds to he issued and delivered in
escrow to some Bank, Trustee or
Trust Company TO be held until the
Mayor OF said town and the Chief
Engineer OF the Charleston, Cincin-
natl and Chicago Railroad Company
shall certify that the said Railroad
Company has fully complied with its
part OF said contract or undertaking
herein entered into and said Bank,
Trustee or Trust Company which may
be selected and agreed upon, shall
hold said Bonds and turn the same
over to the proper officers of said
Charleston, Cincinnati and Chicago
Railroad Company, on the certificate
as above provided. When said
Charleston, Cincinnati and Chicago
Railroad Company shall have con-
structed and put in operation its line
of Railroad from the line separating
the counties OF Washington and Car
ter on the Southeast Of said town to
the line line separating the counties
OF Washington and Sullivan on the
Northwest OF said town said Road
having been located and constructed
through the town OF Johnson City
, then said Seventy Five Thousand
Dollars (75,000) OF Bonds shall bt
; turned over to the officers Of said Rail
r road Company as above provided
The Charleston, Cincinnati and Chi
cago Railroad Company herewith sub
mits map or plan certified by thu
! Chief Engineer Of said Railroad Com
pany, showing the general direction
(, and line OF said Railroad through sale
3 town said line Of road being indicated
by red line on said plan, SAID Railroad
9 Company hereby ag-ees to contrac
r and pnt in operation the line OF 1T
$ road through the county as above Sc
: forth, by the Both day of April, 1890
J The Charleston, Cincinnati ant
. Chicago Railroad Company agrees tt
I erect and maintain its shops for build
J ing cars and locomotives and the re
pairs OF the same near where tn
= line OF said Railroad crosses the tract
J OF East Tennessee, Virginia and Geol
4 gia Railroad, and inside the corporal
g limits OF said town, az the Chief En-
,, gineer of said Railroad may determin
, the site thereof. This proposition
>, when accepted by said town ard rat
!, fed by the voters Of the same, sha
3, be in lieu Of the proposition heretofor
o acted on, submitted Feb. 23rd, 1885,
l. by said Railroad Company to the CO..
e porate authorities Of said town, prt
" posing to subscribe Seventy Fv
Thousand Dollars to the Capital stoc
t, Of said Railroad Company.
A. CHARLESTON, CINCINNATI & CHICAG
g RAILROAD COMPANY.
r. [SEAL BY II. A. JOHNSON,
s. Dec. 30th 1889. General Manage
10 KNOW ALL MEN BY THESE PRE-