Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1820-02-22

said commissioner shall proceed 90 the execu.
ton OF tire duties aforesaid, AS soon a. he shall
be required by the James River Company and
in case of vacancy occurring from any cause.
~ shall be supplied by the court of the county
IN =. hich Al shall happen.
vii. Ind IL further enacted, That from &
after tiie period at which the said comnauy
holding as an agent IN trHst for the benefit of
the Commonwealth. shall give their assent as
aforesaid IN this act, they shall not be obliged
to work on the bed ofJames river as heretofore,
except so far as may be necessary 10 render
Tue navigation frem the upper locks TO
Lynchhnrg as easy and equal I'm every part Al
may he practicable 81 the said company shall
NJ all times hereafter. keep the bed OF the river
above the point 10 which amy new improve.
nieDt contemplated by this act, shall he
completed for use and connected with the
river and belaw Crows terry as good and
convenient Tor navigation as it now is and as
~ VIII he after the repairs aforesaid shall, be
made all which repairs are TO he contracted
tor and made by the Company f,on time To
| time, under the control direction and Supei =
inieudance of the Commissioners ON the pat,
OF the Commonwealth, tor snperin, Guiding The
works aforesaid on Tie James and Jackso,,'s
rivets hereafter mentioned, or ot such other
commissioners or commissioners, Superintcnd-
eht or superintendent, as the Legislature npy
appoint; except so tar as the said rOinpanv
shall undertake said repairs before they hall
nave received directions from the commissions
ers as aforesaid. Aud so snou az the id COM
pany shall have assented To The provisions OF
fgdinst them al The instance of The General
Assembly shall be di,ms>ed
IA. dHd be IL enacted, { hat uine commissions
ers shall be annually appon ed by JOINT hai,ot
OF Tie General Assembly, tor experimenting
The works aforesaid on the kanawl,a riyr,
ana The road aforesaid (; who shall be denom-
mated the the commissioners for the Kanaw-
la river and road ;" the acts of "A majority OF
whom shall be i'll all cases obligatory AID
nine commissioners shalt be Annually appoint.
en bylolnt ballot OF the General Assem6Iy, on
oehai OF this Commonwealth Tor superinieud-
ing 'he works aforesaid, on the James and
JacksOns rivers; the acts OF a majority of
whom SHALL be IN all cases obligatory No
contract or contracts made by tile James River
company tor Improving the navigation of The
ha1awiia river and road shall be lindln, mr.
canned into effect, uutil the same shall he sub
mitted TO aud approved in writing by the COM
miSSioners named TO superintend the workS nm
Said river and road aud no contract or con-
'fdc Is made ny the said company tor maxine.
any OF The improvements on The James and
JackSoD's rivers shall he obligatory on carries
INTO effect until the same Shall be submitted 10
an" approved, III writing, by the commission
ers named TO Superiutend the works on the
Iast mentioned rivers, " 80 shall he denon,.st n
ihe Commissioners to, tie James & Jdchsot, yipevs
AnG the said company ,hall annually law
sefore the last mentiOned commissioners an
account OF their receipts and di> butsmemts TO
Or by ttem examined, stated and settled after
comparing tho same with the book and yourh.
ets OF me company, and 10 be reported by them
"a N
f"niic works Pr0Uided. horerer That the
boards OF commissioners hereby anpoiuted 10
suFeriniend the kauaWha river and road and
lhe James and Jackson's rivers, may from time
10 Time adopt such rules and regulations for
Tue diStrIbniion of the powers and dalies here
by assigned them amongst the members ihere-
OF as HEY may mink proper
~ And be dJWther enacted That the Trea-
suitf on The Stale shalt be er -O6icio treasurer
ot the Company, shall be liable as Sucn Ia the
same penalties and conditions, as he u.s. aS irea-
sufer of tue Commonwealth and shall gIye
auuitlohai security, ia tire sum OF two IuHdred
thousand dollars, for his faithful. discharge of
IN duties hereby imposed
Al ana, 10 the end that adequate funds
IN tyOs provided tor the purpose OF CompI, ting
"a works aforesaid BE It enacted That Il
SHALT he lawful Tor the James River Comrauy
aud they are hereby required 10 borros. anun-
ally, after the fifteenth day of March next
run sucn individuals or corporate bodies as
may be disposed 10 lend, at an interest not
exceeding six per centum rer aunum naNabIe
semi annually, two hundred thousand dollars
or such greater or less sum as NAV he hereaf
Ter directed aud authorized by law; 81 in such
proportions. and at such periods of the wear
as lie said company shall deem expedirnf TO
ne applied to the execution of the works and
improvements aforesaid, or such other works
q improvements as The General Assembly shall
hereafter direct: which authority aud Sblira-
tion shall continue until il shall be otherwise
directed by law The said company shall issue
ceItIhcateS, under their common seal (which
Tor this and all other purposes they are berebv
authorized to have and use for the money so
borrowed. and register the same which GER
tihcates shall specify the sum borrowed of
whom borrowed, anu to whcm PAYABLE the
interest PAYABLE thereon that the stipulated
interest shall be paid setRI-apuuaIIv ON rho IF
teenth day of July and the fifteenth dsv of
January IN each year aud thar the PRINCIPAL
sum so borrowed, shall be irredePniabIe Tor
twenty years from and after the fifteenth day
OF March next, aud from and after the rxpira
Of D.
redeemed only at the pleasure OF the General
Assembly Each payment OF ipterest shall he
made npon The production of The said certi-
hcatcs ard not Othe Twise ; and sncb Daymeuts
shall be noted on the back OF such certificate
said certificates shall BE transferable onIyon
Tie books OF The said company nv the u, rsou
or persons, or corporate bodies entitled there
TO or by their agents legally qualified foi that
purpose
The tolls aud all other Income Of tho ca Il
onPany CATER setting apart much there
a may be necessary TO discharge al, speuse.
o. re, airs, of the collection of tolls and the
necessary expenses IF conducting the atfa,r. of
The said company and also 80 mach thereof
as may tie necessary TO pay TO the stockholders
OF said company, tor twelve years nest after
lie fiIst day of January 1920 a dividend IF
twelve per centnD per annuni on their stock
Ia sem-annudl paNmepts, and tor ever thereat
ter dividend ~ like manner OF fiteea per
centum per aununiD shall be applied 10 the
payment of the interest on money so borrowed.
and the surplus of such tolls aud other income
alter The payment OF the expenses diyideads
aud interest, as aforesaid. stall from time 10
time be paid into the tire 4sury of This common-
wealth, To Tie credit Of lie fluid for internal
improvements, 10 he disposed Of az may from
Time To time be directed by law And if AT
any time, the said company shalt fail or refuse.
or the tolls and other income aforesaid, after
making tie deductions aforesaid shall be- in
snffcIent 10 pay the interest due upon said
ceftihcateS. upon demand, the holder Of such
ceFlHcate stall cause n protest 10 be made by
notary public. stating sHch demand aud ref,t-
sal. aud llieTenpon tie President nI lie RnarI