The comet. (Johnson City, Tenn.) 1884-1916, 1891-12-03
THE NEW RAILROADS.
Propositions of the Companies to the
People Of Washington County.

In the matter of the Louisville, Cum
berland Gap and Atlantic Railroad
Company, and the Unaka and Nola-
chucky Railroad Company
Be it remembered that on Aug. %,
1891, the said Louisville Cumberland
Gap and Atlantic Railroad Company
by its President II. H. Carr, and the
Unaka and Nolachucky Railroad Com
pany by its President A. S. Johnson,
presented their joint and several pc
titioRs to his worship, Joseph Hill,
Chairman, asking that the county OF
Washington subscribe to the capital
stock, and grant aid to said railroad
companies respectively, as follows
to wit To said Louisville Cumberland
Gap and Atlantic Railroad Company
in the sum of ($1O0,OOO) one hundred
thousand dollars, and to said Unaka
and Nolachucky Railroad Company
in the sum OF ($50,000) fifty thousand
dollars, under the provisions of Chap.
8, act of 1887, and acts passed previ-
Gus thereto and submitting with said
petition duly certified maps showing
the general line aud direction of said
roads, respectively and proposing to
construct and put in operation said
roads respectively, through said coun-
tY within (3) three years from the
date of filing said petition,
Said capital stock in said roads re-
spectively, in the respective sums and
amounts aforesaid, to be paid for by
the delivery to the officers of said
roads, upon the completion and put
ting in operation thereof, interest bear
ing coupon bonds of said county, at the
rate of 5per cent per annum, payable
semi annually.
And due and lawful notice of said
applications having been issued to and
served upon the justices olsaid court
in manner, form and time required by
said statute, and by the officer pro-
vided for in said statute, to assemble
at the court house on this the first
Monday in October 1S91-the same
being quarterly term of said court,
to take action on said petition.
Thereupon, "a majority of the Jus
tees being presently on motion, said
applications were ordered to be read
to the court, which being done, the
same together with the maps or plats
filed Herewith, were ordered to be
spread upon the records of the court
Said petition being in the words
and figures following, to wit:
To the Worshipful Chairman of the
County Court of Washington Coun
ty, Tennessee.
The undersigned, Louisville, Cum
berland Gap and Atlantic Railroad
Company, and the Unaka and Nola
chucky Railroad Company, bodies pc
lite and corporate, and chartered
under the laws of the State of Tennes
see, submit the following application
for county aid, under the act of Gen
eral Assembly of the State of Tennes
see, approved February 18th 1887
chapter 8 and page 81, and proceed
ing laws.
The Louisville, Cumberland Gal
and Atlantic Railroad Company pro
poses to construct a line of railroad
standard gauge, from Johnson City
Washington county, Tennessee, to o
near Cumberland Gap, on the line be
tween the States OF Tennessee ant
Kentucky. Said Railroad Compan.
will locate and construct its line o
railroad through the county of Wash
ington in three wears from date here
of.
The undersigned, Louisville, Cum
berland Gap and Atlantic Rqilroa
Company respectfully ask the sui
scription of one hundred Thousand
($100,000) dollars from the County {
Washington to the capital stock of sal
railroad company, payable in coupo
bonds of said Washington count
bearing interest at the rate of five g.
per cent, per annum, payable seminar
nually. Said bonds to run twent
(20) years from the date of delivery
as herein provided, Ito said railroad
and not bear interest until delivered
and until said railroad is completes
through the County Of Washington
The same to be issued and deliyere,
in escrow to some bank, Trustee o
Trust Company, to be held until tn
Chairman OF the County Court @
Washington county and the Chief Ell
gineer Of the Louisville, CHAMBERLAIN,
Gap and Atlantic Railroad Compan
shall certify that the said railroa
company has fully complied with il