Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1816-02-01

ration az every Is years theresftcr alter the rates or
toll fixed by the company but the Legislature shall
not at amy time reduce the rates OF foliage so as I'm
reduce the profits arising thereirom, below Is per
cent. upon the capital stock.
The President and Directors shall every twenty.
fifth year after their works completed and r..a
dy Tor the transportation OF produce, make return
upon oath TO the General Assembly, --of the A.
mount OF toll received by them for the preceding
twenty-five years.
The canals, locks and every work appcrtai,;o-
TO the ssid navigation, with all the profits therefon,
OK any part thereof are vested ia the proprietotx
their hears x assigns fcr ever, rs tenants il com.
mon, III proportion TO their respective shares
and the same shall be exempt iron the payment
oil any TAX, imposition ernssessment whatsoever.
he navigation and works OF the Company, when
completed, shall be forever thereafter considered
as public Highways, free for the transportation of
Goods wares and merchandise on payment Of the
oils Which shall be from time To time fixed
The President aad Directors NAV agree for the
purchase OF Lands. Rocks, Sluces or Fish Stands.
through which the Navigation is lnte,lded to pass.
In case OF disagreement or If the owner be feme
covert under age, non compos or out of the state
Two justices on application, shall issue warrant to-
the sheriff o' the county, 10 summon Jury of
eighteen freetnders, dsnterested and not related
70 TIE parties, Il mes t on the Land TO be valued
The Sheriifsh summon The jury, administer an
oath tn each, that he will value the thing i'm
question and conSi Ter all damages the owner MAY
sustain in consequence of being divested of his pro-
perry therein and that he will not in such yala,is
on. spare any person through favour nor njurc any
person through malice or hatred. The inuuisition
snail be signed by tie Sheriff and twelve or more Of
the jury, and borg returned to the clerk of the.
county to be record d, shall be conclusive. The ~
mount OF the valuation shall be paid to the owner
oil the and 1t tn be found fhe is not to be found.
10 the clerk oil the court and thereupon the COM
pany shall be seized in fee Of the thing valued But
such condemnation shall not interfere with dwelline,
houses.
In the same mannerlands may BE- purchased or
condemned for the erection of toll houses, not
exceeding four acres at each place intended for col
lecting tolls.
IL uie capital sum be insufficient, it may from time
20 tune be increased by the company and when
hooks shall be opened for tais ircrease the pronr
etors OF shares shall have preference in the sub
serinton torthirty days.
The company shall have power to purchase and
hold real and personal esaie--and ifany person he
sued for any thing done in pursuance Of this act. he
nay plead the general issue and give this act adj
The SPECIAL matter ia evidence. The General As
sembiy shall not Impose any restriction, duty or
iapost oH commodities, manufacture, pradace or
mereiandiZe transported BY the said navigation Brs
lhe cen Assembly may make regulations respecting,
,ne Inspection OF produce brought down the said
Navigation, making DIST elton as aforesaid None
o. The lands or otherprcperts Of the company %
.ner tnsn that used for the Navigation, to be ex-
empt from taxation.
The President and Directors are authorized
whenever the same shall be deemed advisable by a
majority OF the Stockholders in general meeting 10
erect toi-brrlges across the Cape-Fear River or a.
ny OF the streams which is,n into the same and for
the condemnation of lasds for erecting the abut.
ments OF the said bridges and the erection Of TOLL
houses, The same proceedings, shall &c had, as
are required Tor the condemnation Of lands for ca
mails. -
The General Meetings of The Stockholders
Vile.
The rights and privileges Of the company extend
from the mouth OF Cape Fear to the sources of all
streams running into it.
iransicrs oil shares shall be by deed or devise,
ana shall be registered the books of the comma
ay-pa OF share shall not be transferred-oo
snare shall be held in trust for the use and bene6t
and IA the name of another, whereby the COMPANY
may DC challenged toanswer such trust but every
person appearlngas aforesaid To be proprietor
snail be taken as to the others OF the company TO be
sneh bat between the trustee and the person
claiming the benefit OF the trast, the common rene
dy may be pursued.
Any proprietor, by writing, under his or her hand,
executed before subscribing witness, and acknow-
legged on proved before justice of the peace, may
uepute any member to act as proxy for him or her
~ an. general meeting or meetings
me reasrer ofthe State, either by himselror
proxy, shall vote on behalf OF the State in the meet
ings OF the stockholders
he several banks in this state, and other bodies,
corporate and polite, authorised to subscribe
for shares.
All acts and clauses of acts which come within the
pnrYew OF this act, which give rights at yayanc.
with those given by this act, but which rights have
made void. $50
JQHuorv o. oAat