The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1827-07-23
~ OpnN NCl..

| loan. fer plpfWHR hf corporation Of Lynch
| iiYF #d ueitr
fPss.e' t,r aaH iune, I'5.
Nhrtaas II IS importut a. we'll to the En'rty
r. ilr taaa fr.u, G,s ~ 10 tbc comfort AMI ,on
,ruleuce nj it, uhulufants Jhat pn adequate
,uphl, et Wbot.ope sat.i should lie mfodu.
crd iote tHe ai,~'t,, aud uhe,ras IS deemqh
| inrNpedeot aud urju.i tint the whole e,p usc
Of, ~hik Intended as much ior the hene6l of
! pnstallfs a. iar the present generation. fhonld
h" ho'ae hy the existing inhabitants OF the
town
SEC |. Re- II tercfert outtiped hg hf fo'p.
MN toRaai NJ fWtbbnfr IN Common li0i NJ
| pmhled Tint II shal hr lawful tor David I.
| Nutrel John Victor. Elah Fletcher. John
| rhotmWl. Albnn Mcdaniel. Saul Chetor or
tuoaWs stdnor s lohn 6. Necm, who mo hero
! hy APPOINTED commissioners for that pnfpnse,
to rinse Il. way ofloan, ior the USE OF til rotpo
ration. II sum not exceeding Forty Thousand
! Doiluts.
See 2 Bc il FURTHER ofdniHed, Tint for the
I purpose Of rfcctup such oan, il SHAH be the dn-
/ " ~ aaid fnmmi. yinners. 10 advertise III some
rospapef, published IN llds town, aud N such
,o'her nem srnprrs us The, MAJ th,nk proper, for
at least feui weeks. thai they viii ai snfh tue
aud nlnce. IL they may appoint. receive sehlVh
proposals iae the Whole ~ any part oisucl, lonh,
/ upon the following conditions VIZ the iohn I"
bear nm interest 81 SIX PEI cent per hhnnm. paw
ablr semi n1nnaliv at the oiiice of discount aud
deposit of rhe Farmers Bunk of Nrenin al
lyhrlhnrr, the principal irtcdr"mhhlf until
th fri DIV Of Ianunr, labo-nud atief"ardsM
! the rlra=n of the cnrpofntian---ihai ~ promo
snl VII be received fof u less sum thnn one hun
drcd d1llars--,ho p,opnser stating thr amount
lor " hith he on,'rs and The grcatoI sum hc viii
paw tor raet y 100 "fstoeh--4ubscrriians Ia he
pad Ia The tien-urci al tie rerpornt'on, ior the
| jmr being, ht tusiAlmpnts rs iullows:
! Ten PEI cent ai the time of subscribing, and
| the baanfr III suct acquisitions as the Common
Council my cal lot a0ef ~ days notice being
| previously eiyrn IN such newspaper IS may be
deemed necessary
| Sec T. Be Gpihfr otdaind That any per
son ~ persons bodies ralitc az corporate. sub.
rr,binp for stool, aud GillnF 20 pa, the IN.
| salmrnia AZ they become due and pdypbln, ahnll
forfpitto the corporation the sums tbe} may hive
| said
| Sec. 4. Re il further ordaincd, 1bai the COM
| mssoners aforesaid shall npcn the whole oi the
proposals that may hive been received n the
time aud place appointed. and should They de.
| t"rmine 10 accept ans on more 81 them, they
SHAH immrdiatt, notif, lhe person OF persons,
| bodies polite Or corpurate, whose proposals
| shall have been accepted Of the fact. and re-
! puhe them 10 come forward and comply with
! the terms Of the iom--pi DIVIDED however that
| should the said comm esoners not receive satis-
| factory proposals for the whole amount hereby
| required 10 be- raised. or 50 much thereof rs viii
| answer the purpose herein contemplated. they
may a. Their discretion proceed "a advertise ns
I before directed from tint 10 time until such sun
| hall have been raised
Sec %. b il FURTHER orianed, That upon
pl,mrn OF m, nstalmentofthe stock so sub
4 L. al .i.I
10, The samc IN the following form; Corporation
of ynohburg, day Of ~ recci-
we'd 81 A b. dunrs being the IN
sialmenl u bls subscription of 4 10 the
! loan inr the brurh' Of the corporation OF lyprh-
! bur--C u treasurer which receipt s4tall bear
an interest al sis per crnt per anHnm-pay able
! whoa ~ the instruments shnll have been pad IN
hut shall be- Transferable
SEC Il Il tflrthfr orjaiacd That on pa,-
mcnt y, my subscribe, for stock of the last 'n-
.lilmenf on his, her, o. tbelr subscription, the
! whole ri The receipts previously given - hin,
hcr "a, thain. ,hull he cancelled the Interest due
upon them paid and The treasurer shnll grant
n such subscriber printed scIlp for the amount
this subscription ia fht following fo,m orpo-
ration Of Lynchhure. & pr ccut STOCK 81 Is
No. Be it rem. INFERRED. That the uayor
and commonalN fpfthe corporation Of Lynch
burg, are indebted TO A.. Il. aud his, her %, thrir
| heirs ~ he sum Of Dollars, hfaiinR ann
tcresi Of SIX per cent per annnm, paVabir senn-
annually nj the office Of discount mi depo'h
of the Farmers Bank Of Alr3ilia At I.yneh.ntg,
the principal nredccmable unli the Isl day OF
January 1850, aud afterwards NJ ID" pleasure
otth corporation, according :" The ps"Fsi'ns
Of an ordnance Of the Common Council passrd
the day Of ~ IN testimony "Aereptl
have herelnto sci INV baud tins daY ii
lls I. D. Treasurer aud There siidl be- leel-
bis printed III the margin of said scrip the i"l-
| loving words, Transferable only at the oili'"
OF the treasurer for the corporation Of Lynch
burg
| sec :. BE- II further ordHpcd THAI the treas
| uicr shall cutter ou - baol To br pfofheh aud
krpt by him To- that purpose, an account 81 "l
tbr scrips issued Nv bIu aforesaid, aud 81 ell
transfer oi the same. and that all transfers OF
zoe stool, created by sitlur OF ih's ordinance
shall be made cllhc, personally by he hodft OF
the Scrip or by power ofatlorury IA TIN follow
me fafm: know all men by these presents that
la B.of do makc constitute aud ap.
point T.. + my true aud lawful attornrt lpr me, /
and in nv nj l', and b hall, 10 Transfer I" ANY
person on persons dollars {" sA POI cent
stock ofihe corporation Of Lyuchburg, now
sfandlne IA my name on the books Of lac ifeasu-
res Of SAID corporation, witness my hand and
seal Tins da, Of Is acsnUw- q
edged IN presence OF A. d. A2e"'J
& II.
J.K
which lower Of attorney il shall he the duty Of
the treasurer 10 Glc away aud carefully preserve
II shall moreover be- his duty 10 cancel the old
.crip tor the stock, IN transferred by endorsing
an ms face. transferred 10 the day
Of Is {. D. treasurer which scrip
so cancelled be shall also file away and IRE ,
serve.
Sec. g. BIZ II further ordained, That the faith
oC his corpofatron is hereby irrevocabiy pleds-
ed 70 the regular pay ncnt OF the interest and II
mai redemption ofthe principle Of the debt hereby |
authorised 10 be created
Sec. Q. BE ii further orfaiaed That The mo-
ney obtained as aforesaid, shall he applied TO
the purpose Of supplying the town WITH water, /
under The direction 9th. Common Council, or
,nch other person or persons as they may APP /
noint 10 su1riiuiend the work under them
Sec 10. BE il further ordniDed, Thai this or
dinance shall commence aud be IN force, hoh
aud alierthe passing thereof.