Omaha daily bee., 1892-08-21
NOTICE..

Notice is hereby given, pursuant to law,
thnt at a special e lection held on the 10th day
Omaha, Douglas county, Nebraska. accepted
and adopted the following proposition of the
Nebraska Central Railway Company;
The amended proposition of the Nebraska
Central Railway Company to the City of
Omaha, Ncb.
To the Mayor and City Council of the City of
Omaha, Neb.
Iho Undersigned, the Nebraska Central
tsiia tkhiidwmy e9mIpnny prop2iiss to acquire % and
certain tract of land located within the dis
trct bounded by Fifteenth stree:, Chicago
street, Eleventh street, California street, and
the r2ht of way OF the Omaha Belt Railway
company, except the south half OF block IS.
lots s and !, block 2S lot !, and north one halt
of lots and g. block 21; nd to erect thereon
union passenger depot on tho corner OF Eli
the other railway improvements SAID
grounds, not less than fd ~ hvndred thousand
dol ars (S4y0OlW;
Provided. the city of Omaha, in Douglas
county, Nebras ta, will donate to the said Me-
6raska Central RaiIy az company two hum
red and Rfty thousand d"lnrS $3.50, aD of It's
four (N per cent bonus 'slOl.OOO thereof to be
dated January ., 1893 and S5OO)J Thereof TO be
dated January ], 1894 to become due and pay
able twenty years from their resp active dates,
with interest payable sem annually, all pay
able at the fiscal agency of the state of Ne
braska in the city of New York.
Suid bonds 10 bu OF tAe denomin tlon of one
thoW2nd dollars Rl,OOD each, and each there
'Tnis boL,i isf ,e ri series of two huud red
and fifty ESQ ~ ,dn VI like amount and tenor
which are lsF III sly the city OF Omaha, in
Douglas county ghraska. 20 tho Nebraska
Central railway ~ nlpany, to ala it in acquiring
land in the city or Omaha for union depot and
terminal purposes, and in the construction of
ara union railway passenger depot upon said
tracks turnou s, switches and approaches
leadirg thereto and other railway improve.
ments Herewith connected"
Said bonds to be executed and
registered at or Immediately after
the dates thereof and Immediately
thereafter dcliyerel to the First National
Bank OF Omaha, NeO,, trustee, to be held in
trust for delivery TO the Nebraska Cen tral
Railway con.Dauy,its SUCCESSORS or assign.
by said trustee, in tnstnllments as hcreinafbo
The said Nebrasl<. Central Railway con
pany plans TO construct, or cause to be con
structed, Il line of railway in the state o
Iowa not less thar 100 miles in extent, fron
the east approach of n bridge, which the said
planned 10 construct over the Mssoai ri river t
intersectins or connecting with or reaching
the lines of two or more of the following rail-
way corporations, viz: ,..
The Illinois Central Railway company. the
Wnona Il southwestern Railway company,
the Minneapolis &St Louis Railway company,
the Chicago, st. Paul & Kansas city Railway
company. the Chicago, Fort Madison & Dcs
Moines Railway company, the Atchison, To-
peka < Santa Fe Railway company. the Balti-
more & ohio Railway company, The Ohio &
Usstern Railway company the Quincy.
Omaha & Kansas City Railway company and
the Iowa Central Railway company.
One hundred thous md dollars (SlOOO)O) OF
said bonds shall be delivered by said trustee
to said Nebraska Central Railway company.
IL Successors or assigns, when it or they shall
have acquired and taken possession of that
certain tract of land located within the dis
tlict bounded by Fifteenth street Chicago
street Eleventh street, California street and
the right of way OF the Omaha Belt Railway
company, Except the south half of block 3s.
lot 3 and T. block 2S, lot /, and the north half
OF lots and 3, block 21
rroyided. that tne said one hundred thou
sand dollars lSlONOy0l of said bonds shall not
10 delivered until after the said Nebraska
Central Railway company, its successoro or
nasigns, shall have constructor the said line
of railway in the state OF Iowa.
LSl5o,0OO OF saiG bonds shall be delivered by
said trustee to said Nebraska Central Railway
company, It's successors or assigns when 1t or
they shall have completed tine erection of n
union passen -er uepot upon said tract OF land
anove described to cost inDlu ling the other
railway improvements on said grounds, not
less than four hundred thousand dollars
i4OOOOO; proof OF such cost to be made by the
urer OF SAID railway company. iIed with the
city clerk OF Omaha, acc)mplnied by certih-
cat& signed by the city attorney and city en-
gineer, that in their opinion such amount has
actually been expended.
Provided, that If the said Nebraska Central
Hallway company, its Successors or assigns.
shall fail TO acquire and take possession of
Sald lana. IT shall not be entitled to receive
any part of SAID one hundred thousand dollars
SlOO.tOO instalment Of bonds; and. further
provided, that none of said one hundred and
Yty thousand dollars (SlIOOlO) installment OF
bnds shall be delivered until at least one raj
ray company in addition to the Nebraska
CENTRAL HALLWAY company shall be actually
using Sald union depot; ana,
Provided further, That the mayor ana the
city council shall; by resolution, upon the full
performance of the undertaken IS on the part
VI SAID railway company herein contained.
order the delivery of said bonds at the tines
Provided further That all matured coupons
hali be removed and cancelled by sa!d trustee
before delivery OF The bonds To which
Provided further That the mayor and city
council of the city OF Omaha shall cause to De
annual tax sufficient for the paymaht OF the
Interest on said coupon bonds rs IT beco'op'
from the date Of sad bonds tho mayor st TIf nns
@ fH1"S IN f'y S"r saxSs on to the be-
tax SUFFICIENT to create u sinking fund for the
@ ANTI Of T tax 70 eyed s eHh for sSd snn
lars !S25OlJ'0OJ in any one years said tax to be
fdy Sm to year until the said
The acgniremept Of the said lands and i'm
proven,ehts hers5nl c9ntemp!ated including
9s pasned, 70 eo@fSsfon without anaecessary
s So% 1n@ iRa ihs Of Jy 8o S'hn three
In case any, OF tfie terns, Limitations. condl
sbn lions s or oSSPropoSea heroln rsatins to
said improvements, Are not complied th, |
npssi SE SsSy SeSt and SGsSsHry
,eedings, or by Whayoldable accident or act |
" Proyidenceh the S}ld company shall not be ,
ntitied TO recoi W. sbtI bonds or any thereof. |
ven though the efeStors OF said city OF Omaha |
= lall have by thefr' vote authorized the ia |
! ance OF said bonds; but all right to said |
Doqds shall by such default and without amy |
lullcial determination become forte tied |
Provided, however that II the beglnning,
progress or completion OF said Improvement, |
shall be delayed or obstructed by any g: ths |
aforesaid causes, the times herein allowed rDE |
The prosress and completion OF said improve |
meats shall be extended to the extent OF such |
ielay or obstruction; and should u dispute |
arise between the said city OF Omaha and the |
said Nebraska Central Railway company |
with respect to the cause or extent OF any such |
delay, the same AT the election OF said Me- |
raska Central Railway company, shall be |
referred for deIerm lnjltlop 10 a board OF ar |
yidsd.
In consideration OF receiving the proposed |
subsidy the NobrasEa Central Railway com |
Dany ,roes to allow all railway oOmpanies
tho following rights: The right 10 run their |
locomotives, pass enger and freight trains over
IT'S main ana passing tracts within the city of |
Omaha; aud over its propOsed bridge and ap.