Martinsburgh gazette. [volume] (Martinsburgh, Va. [W. Va.]) 1810-1825, 1823-05-29

present AZ any general meeting ofthe said COM
pany, and the said President and Directors, or
q majority OF them, are hereby empowered
and required, after giving 1t least two months
previous notice thereof. in at least three OF
mv newspapers OF Washington, MARYLAND.
anu virginia, TO open books in the before
mentioned pl aces, for receiving and en,ering
such add tion al suhscnptious, in which ,i,.
aockholders otthe said company, fer The ,,rs
being, shall, and are hereby declared IN No.
ne preference Of al others for the frst o..
days after the said books shall be orcp.d ~
aforesaid, OF taking aud subscribing "a, a. ,o.,'..
whole shares as any ofthem shall choose ~
The said President and Dir,ctors are herai.
required 10 observe N sii other RESPECTS. Tho
ss'he n.'es uereii as are by this act prescribed
forteceivmg and adjusting the frat suhscr,r-
tons. and IN Ike manner To return ,p,anr IL.
hands ofany three or more Of them. a, $50
iist OF Such add, g0aa subscriptions. win H.
sums by them respectively subscribed. 10 he
Goyelhor and Council aforesaid. to he ,hsrs
recorded and all stockholders OF such sdd;.
uonal shares, shsll and are hereby declared
70 pc, from thence forward Incorporated into
the said company.
sec; ~ md &c u enacted, That, whenever
X shail become necessary TO subject the LINDA
of any individual 10 the PURPOSES prov;l.d c.r
IN TINS set and their consent canno, be oh.
tanned. i, shall and may be lawful for the com.
psny to enter upon such lands and proceed IN
the execution o. such works as may be ,rnui.
site. and that The perdency Of any procceana
N any sult IN the nature ola writ OF adj ooS
aamnum, or any other proceeol.igs, shall NOS
hinder or delay the progress Of the work. and
y s''aii De .iie auss 81 every court TO give IRE.
eedence to controversies which may arsa
between the company created BY this act. and
the propretow OF Land eought to be condemped
Tor public uees, and 10 determine them Il, nr.
ference 10 all other causes
Sec. ID .and te IL further reacted. Tba, M
right TIC the sutcrs of tberiver Potomac for th
purpose ct any lateral canal or canals, which
Ihe Stats OF Virginia or Maryland ma, au,ho.
Fize TO be rsade, shall be reserved 20 the said
States respectively. frssaded, so much Of tho
waters OF the said riyce as to ensure che nav;o~
,tion ofthe canal hereby authorized, shaIl nor
DC thereby diverted from the channel of ths
,aid river.
Sec. 1o. -Snd Be IL further ensefes Tba, ;r
Ease the said company shall not bepin the sa;d
york within ono ear altsr it sslall have been
ormed or Il the work hereby required to be
lone, shall not be dig~ntl, prosecuted. 90 as
nat one hundred miles of the said canal, with
he adequate locks incidental improvements.
'halinot be completed, land in FIX order for
iasgaliop,) in evsry term OF five years, then all
interest ofthe said COMPANY in the navigation
md tolls shall cease and determine and their
charter shall be thereafter taken to be mill
md void. and il, after the completion Of tho
sid canal and locks, the President and Direc-
ors shall fail to keep the same in repair for
we've months at any TINS. then their interest
II the nsvigation and tolls shail ceass. and Their
charter shall be forfeited
Sec 90. ind Sc 10 further enacted That n
hall be the duty of the president and Direc-
ors OF the potoyasc Csnal company, 80 LONG
IS there shall be and remsin any creditor II
he Potomac Company, ~ho shalt not have
vested bis demand against the same in the
stock OF she pstomac Canal Company. TO uav
10 such creditor creditors, annuity, such
dividend or proportion efthe nett amount ~
The revenueb OF the Potomac Company on an
average OF the last five years preceding the
organzstion Of the said proposed Company, a.
the demand Of the s@id crsf,tor or cacditors a.
his time may be arto the whole debt of cne'hun.
ircd q sevent5-.ive thoupand eight hondreddols.
VIRGINIA City Of hsedsaand, 20 nj
], william hsunford, Keeper ofthe Rolls OF
he Commonwealth Of Virginia, do hereby
certify that the fore going 10 a true copy OF al,
,ct of thf General AssemblyoP the said Com.
passed on the twenty second dav
II February, in the year of our Lord one,
thousand eight hundred and tseenty.tbree.--
Given under my hsnd. (thefe being no seal Of
office.> this eighteenth day Of March. in the.
<Hze year.
WM. ruNFORD, Keeper Of the Rolls. }
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There arc and aItx., 80 .wo~o .u.L