Martinsburgh gazette. [volume] (Martinsburgh, Va. [W. Va.]) 1810-1825, 1823-11-20

@NJ~SN VIZ w " ttE ni u I9AHh
tick company. empowered Ia cat the said ca
nal III ough the territories OF tie United States
an the District ct ColaInhis, and Of the States Of
Virginia, Mary land, and Penosylyanis and
therefore, that Committees be appointed, each
CONSISTING OF five delegates to prepare and
present M behalf OF this assembly, and in CO.
operation with the central committee herein
alter provided. s. table nemofials 10 the Con-
gress Ut the United States and to the Legisls.
lures ct the sesera States b. fore named, re
guessing their concurrence H. the incorporation
q such company, and their cooperation, il
receSsrry, in the subscription of funds fer the
completion # the said canal
And where's, by an set of the General As
seuhly Of Vifsnia, which p ssed the 22d Feb
ruary, 1925, enu;ied, fan act Incorporating the
Potomac Canal Company" the assent ct that
State so far as the limits of her territory renders
it necessary, Is already gvca to this object land
fer rs enlargement TO the sNtent required by
the preceding RESOLUTION, the sad act appears
to furnish, with proper amendments, sufficient
basis: BE 1t Therefore resolved That ii viii
he expetiIentto accept the same as a charter Tor
the proposed company, with ,hc following mo
dfcanons, VIZ Ihst, in reference TO its eniar.
ged purpose, the name be changed TO The
Chesapeake and Ohio Canal"
i hat provision be made for the assent of the
Government OF the United States. and OF the
State OF penrsy lvsnis 10 'he said at, AMI that
the act be made to correspond IN tsdetas with
such provision.
That the Chesapeake and Ohio Canal shall
he divided into two sections, Eastern and Wes-
tern; the former Of which snail correspond in
description with that Of the Chesapeake and
Chic Canal BY the preceding resolutions and
the latter shall begin at the western extremity
OF the former, snd terminate at the head OF the
steam boat nasi saton OF the Nonongaheia or
Ohio River.
That, while the act shall allow a reasonable
time fer the commencement and tie compile
ten OF bo,b sections OF the canal. M other for
feitnre shall lie incurred, alter the eastern see
ton is finished, for failure to begin or CON-
plet- the western section, within the term pre-
scribed, except OF the right TO complete such
section, and OF all interest therein
That, while the consent Of pennsvlvanis is
provided for, in the amended &C, it shall not
be intlispensabiy requisite TO The validity Of the
charter, so lar respects the authority grant
ed by it, to extend the Chesapeake and Ohio
Canal to the Pennsylvss,ia line
That it will be both just and expedient, if not
absolutely necessary, to limit the interest Of the
stockholders of the potomac Company, in tire
stock OF the Chesapeake and Ono Canal. in the
mode provided by the unanimous resaluii IN Of
the Company o; the 7b day Of February last,
copy OF Which is hereto annexed
That the said Canal shall not, in width. be
les at the surface than 40 feet at its bottom.
than %. nor its depth be snort Of feet, ex.
cept where from the nature of the ground, il
may be necessary, for the greater securit, Of
the Canal TO reduce its breadth Ut its base TO
less than % feet
That the act aforesaid be amended, by in
serting, in lieu of the 18th section thereof, the
following
.9nd be il tf.s,tier enacted The right to the
waters OF the river Potomac, for the purpose of
any lateral Csn,l or Canals, which The state Of
Virginia or Maryland may authorize 10 be
made, in correction with he said Canal. is re-
served to the said states respec,veiy--that a
simiisr right is reserved to the Stale of Penn
eyiyania IN relation to the rivers and streams
within the territory OF that state. the waters Of
which may be used in supplying the western
section OF tue sad Canal--tlat the goyerBment
of the United ststes shall retain the power 20
extend the said Canal in or through tie District
of Columbia, on either or both sides OF the ri
yer Pctonac and the state of Maryland or yir
gina shall be empowered, under the sanction
gwen by lie United States to this act. to autho-
rze any such extension for the purpose Of meet
irg any Canal so extended by any other Canal
w!i.Sh either state may deem it expedient to
conduct IN any dircci ion whatever through its
territory
Pyo1adcd ho1eerer, That no part Of the wa
tiers OF tiie river Potomac, or Of any other river
CT stlf am, required to ensure the constant, SAFE
and convenient use OF the navigation ct tie Ca
mai, hereby authorized to be made, shall he, by
any such lateral or continued Cana, diverted
uereirom TO the impeachment or injury of the
SAID navigation
That, in addition to The provision contained
in the FIRST section of the act aforesaid, there be
grounded on the event Of its failure TO furnish
adequate funds tor the completion Of the East
ern Section of the Canal, to be obtained thro'
separste acts Of the respective governments and
corporations, States OF Mary land and Virginia,
the government Of The United States, and the
three cities of the District Of Columbia. a sub.
scriptpn to tue amount il necessary, of 2 $50 coo
deiiars, in the following proportions, 2-llth by
the sAte ct Maryland, 3-llth by the state OF
Virginia, 4-llth by the u. States and 2-1lth by
the District cities. 10 be divided between them,
according to an equitable ratio, to be fixed by
themselves. In case part ct the SUN afOre-
said shall be subscribed, by private individuals,
in the mode provided by the act aforesaid, the
several States and Corporations, within which
such individual subscriptions are received, shall
be requested 10 assume as part of their afore-
SAID quotas, the amount OF such subscription,
under such security as they may deem expe.
dent for the payment thereof, by the subscri-
bers, 10 them respectively.
That the government Of the United States
be earnestly solicited to obtain the whole of this
sum on loan, receivable in four annual install
ments, upon the issue of certificates of stock,
bearing an annual interest not exceeding. FIVE
per cent; and irredeemabe for thirty years
and to guarantee tho repayment thereof on
specific pledge OF the public lots in the City
OF Washington, of the United States Stock III
the Canal, and the public faith.
That the fret insta lrnent Of The loan he made