Crossville chronicle. [volume] (Crossville, Tenn.) 1894-current, 1922-05-10

ROAD BUILDING CONTRACT
WITH STATE HIGHWAY
Conditions Touching the Memphis-to-
Bristol Highway Construction
Set Out.

: AS stated in our issue last week w
feel that Chronicle readers will b.
: interested in knowing the full con
ditions proposed by the State High
way Commission relative to the build
ing of the Memphis is-to-Bristol high
way for the SO miles passing through
this county. The county court ac'
cepted to condition last week and we
give the contract here in full that al
may fully understand the conditions
The court provided that the sale
of the bonds should be intrusted to
the Judge or chairman of the county
court the county trustee and Cashier
J. S. Reed, of the First National Bank
of Crossville or his successor 1t is
further provided that the bonds
shall not sell for less than par and the
interest shall not be in excess of six
percent, that both bonds and interest
coupons shall be payable at the office
be placed in the hands of the trustee
as a separate account credited to the
Memphis to Bristol highway the
bonds are to be sold at comparative
bidding and under sealed bid check
for $1,000 to accompany each bid.
Following is the
Contract in Full.
Agreement of the State Highway
Department with Cumberland county,
under direction of the Highway Com
of the State of Tennessee:
By virtue of Chapter I4o of the Acts
of 1919, Chapter 26, Acts of 1913, as
amended by Chapter us of the Acts
of 1910, and Chapter "a of the Acts
of 1917, the said Commission proposes
to Cumberland County to furnish from
year to year, as fast as. the MONEYS
zre zvailable from M ate anfjI
Federal fund, Iii amount for the puf-
pose Of constructing certain roads
and necessary culverts and bridges
within the limits of Cumberland coun-
ty, designated and described as fol-
lows:
That section of the Memphis to-
Bristol Highway passing through said
county from the Roane county Tine
via Crossville to the White county
line.
The amount that the State Highway
Commission will furnish shall be all
of the cost of construction OF SAID
roads, bridges and culverts of the
county except $5ooooo per completed
mile which will be paid by the county.
Cumberland County must adopt a
resolution in consideration of the fore
going proposition, and to issue its
bonds and provide its part of said
road construction cost within 80 days
after the State Highway Commission
has notified said County that the
State Highway Commissions part OF
said fund is available and has been ap..
to the account of said
roads
This 27th day of April, 1922, Nash
vile, Tennessee.
State Highway Commission.
w. w. House, Chairman.
Be it Resolved by the County Court
of Cumberland County, State OF
Tennessee, in Quarterly Session
Assembled:
Section |.
That said County Court is composed
of Id Justices of the Peace; that a
majority thereof being present and at
tending; that a quorum OF said Court
is nine and that a quorum being pres
ent and attending, that the State High
way Department has agreed with Cum
berland County by proper resolution
as herinbefore set out and as follows.
to furnish all of the cost of construc-
ton of said road, bridges and culverts
of the county, except five thousand
dollars for each completed mi:e, when
completed, according to the United
States government standard speCifica-
ton, the whole amount to be trunlsh-
ed by the county not to exceed two
hundred thousand dollars ($2oo,ooo),
and no more than required to pay
for said road at five thousand dollars I
per completed mile, and the county
will not sell all of said bonds unless
necessary to raise said amount on the |
basis of Five Thousand Dollars per
completed mile through the county,
for the construction of the Memphis
to- Bristol highway through Cunber-
land county from White County to
Roane County via Pleasant Hill, Cross
Vile and Grab Orchard, in said coun-
ty. that in accordance and In con-
,ideraton of said agreement that
there be issued negotiable coupon
ponds of Cumberland county, state OF
Tennessee to be stiled Highway
Bonds Series 1929" in the aggregate
mount of not to exceed Two Humid