Alexandria gazette, commercial and political. [volume] (Alexandria [Va.]) 1812-1817, 1817-03-14
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and recover the same Of the said pre-
sident and directors; but nothing
herein contained shall be taken or
construed to edtitle the proprietor o.
any such land to recover compensation
for any damages which may happe
10 mills. forges, or other works or i'm
movements, which shall be begun or
erected by such proprietor, after such
FIRST valuations. unless the same da-
mage is wilfulIy or maliciously donel
by the said president and directors, orr
some person by their authority.
And be it enacted, that the said pre-
silent anu directors or majority oil
them are hereby authorised to agree
with the proprictors for the purchase
of quantity of land not exceeding
three acres, near the place of the re-
ceipt of tolls aforesaid, for the purposcl
of erecting necessary buildings; and.
In case Of disagreement, or any of thcI
disabilities aforesaid, or the proYrie
tor being ont Of the state. then such
land may be valued, condemned. and
paid for as aforesaid. for the purpose
aforesaid /; and the SAID company
shall upon payment of the ,aluationI
Of the said land, be seized thereof inl
fec simple as aforesaid.
And be 1T further enacted, that thel
water. or any part thereof. conveyed
through the said canal, and which may
No. be necessary Cor the purposes Of
navigation. may be used by the said
president and directors FOR any water
work or other purpose. as they may
Gctm mos. conducive TO the interest OF
the stockholders OK the said company.
BE ii further enacted, that the stock
Of TIA said corporation shall be as
siSlahl,. and transferable. according
10 sach rules and regulations rs shall
be prescribed by the laws and ordi-,
nances efthe same.
Aud he it enacted, that. IL the said
capital shall prove insufficient. it shall
and may be lawful for the said COM
paay. from time to time, to increase
the said capital by the addition of so
many more whole shares as shall be
adjudged necessary by tho said pro-
prietora, or q majority Of them, hnld-
me at least three fifths Of the stock.
subscribed, present at any general
meeting Of the said company. aad the
said president and directors, or a ma
ilrity OF them, are hereby empowered
and required; after giving at least one
months notice thereof in the several
newspapers aforesaid, TO open backs.
IN the before mentioned places. for
receiving and entering such addition
al subscriptions. in watch the propri-
stors Of The said company. for the time
being, shall and arc hereby declared
70 have the preference of all others.
for the first ten days after the said
books shall be opened as aforesaid, Of
taking and Subscribing for 50 many
wholes shares. as any of them shall
chouse. And the said president and
directors are hereby required to OBJ
serve, in all other respects, the same
rules therein, as are by this act pre-
scribed for receiving and adjusting
The first subscriptions and all pro-
prietors of such additional! shares
shall and they are hereby declared to
Be from thencefcrward Incorporated
into the said company. And it is
hereby declared and enacted ti,at the
tolls. hereby allowed to b. demanded
and received by sail company for,
passing said cana. and works. are
granted and shall he paid on condition.
only, that the said company shall
uake the said canal and works well
capable ofbeias nayigated b. vessels
drawing thirty inches watst, With
Nalcient locks il necessary, and ca
PaDle of conveying vessels III RATS
drawing thirty inca1s wate.' at the
least.
And be it flrthsr enacted. that so
sOcn as the said canal aud works
shall be COMPLETED. the president and
directors aforesaid shall make report
thereof tn the goyerarr nf this COM
naRwealth, WIN sail forthwith ap-f
Point three honest and skilFui persons
hhO shall not DO stockholders to-
view and examine the same; and il
hey shall report the same to be e.
nished and executed according to the
Intent and meaning of this Act. the
said governor shall grant his certii-
cate. or warrant, under the seal of
il