The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1827-08-02
~ aRnINANCL.

1ororniiag f0r he raieil.e o. san n monfH o4
loan, i6s applying We e9Pofatsoa q hgteF-
burg lsih HaeT,
fPaz.aatle 2lf, Jaae, lsstl
Whereas. II IS ilrporuint a. viii 10 the safety
=ofthe towa from fle, a. Ia thr comlor and con
vealence Of IA. Inhabitants. thai an adequate
SAMMY 81 Wholesome water shoui3 he intfnah
rrd ,air, the streets aud whereas u IS de"med
s,nexpedIent aud unjust that tie Whole exp nse
ofa eafl intended ., racb for the benrhI al
pa<irrry As for ttc preseut generation, shan'd
l. borne by the existing Inhabitants oi tht
saen;
soc. / Be Z Therefore ordaVifd bg he Com.
nun CoBHal u Lgart5ER. 81 Common III Us
sgm5ifd. That II snail bc lawful iol David 4.
Murrcl, John Victor, Eliah tlrfchrE JOHN
lhnnian. Albon Mcdaniel 7aIni. GihYtof. | Or
runains ssdaof & John G Nrem, via are here
by appointed commissioner for that pnlpesa.
20 raise b, way ofloan Tor tte IRE OF TIL enfpP-
ration. sum not exceeding Iouy lhopsand
Collars.
See ? b. Il further ordained That for the
purpose of clrotmg such loan, II snail he ihc dh-
" al said commissioner, Ia advertise III ha"'e
hrwspdprr published IN this town, aud N such
oiher newspapers "a tbes may ihin. proper, for
al least lpn weeks, ihatihey wall al such time
and pluce. rs thcg MY appoint, receive sFdcd
upon the following conditions VIZ The loan 70
bear an lutri ST OF siT per cent per nunalu. pay.
able sem Yuealls at the office OF discount and
dcp1si, of tue famers Bank al Ingiuln at
TynchHus, the principal lrfodoemablr unt
th,fI dry ofJdnuary Joe and Afterwards ~
ehc paafshie If the cofporatlon--that 40 propo-
al wM be received for u less san tbgn one hun.
tlfed aHs--tie prHp0spr stating ilt amount
for WA|of be oilers. and the greatest snn he VII
pay for zach 500 ofsieck cuptinns 10 he
paid 10 Tie treasurer oil the corporation, for tie
mn being by m,tllmeuts, Jas follows;
Zen per cen At the lime u subs bing. aud
the bal att a. aurh foquisilIons rs tue 1umpi"n
Council may call ipr. er 80 days notice being
previously aNeu Ia such newspapers a. may be
deemed uree >tr
SEC ,. IL II iiU-fbet ordaiacd, That any per
sou % persons. bodlcf polite on corporate, sub
sctibua tor stock mi6 laIIibg To pay the IA.
smlinrni5 Is trs hccpmc dur and PAYABLE shall
fofientu tie corporation the sums 1hcy may have
paid.
sec t. Be Hbutttr nrdai7eJ, That the com
pissiuucts AFORESAID snail opru the wIale of the
proposals that may hare besn received Al the
tine aud place appointed, aud should thsy dc |
tgfHHae "a dtcHptm,y one 90 mon OF them ihcY /
shall unmfaItf monty the person or persons. I
shall have been az rpted, at the tact, aud IT,
qmie ihrln to eoulr forward aAd comply VIII
the term, al Tn iuou---provlded however, tint |
should tie sud cpmu ,uncls not receive sdtis.
Aci1rv proposals i8r the whole amount hereby |
required Ia bs ruscd or so much thereof as will |
answer tht purpose herrln contemplated, they |
MA. "a thfu discretion proceed 10 advertise as
oef,rc objected from time 10 Time. until such sum |
shall h1r hren riSed
Sec $ IL Il fui4er edGiped That upon
Pavmcnt oiauY iu,tdlmont nithe stock 50 sub
sclnrd ior tbe treasurer shall grant n receipt |
for the ,anle in tie following form; Corporation
OF L}nctnalg, dagof IL recei- |
'ed of \. r. dnlars being tbr IN.
stalnrnt II his subscription Of z 10 the
loan lon the ben tit of the corporation OF Lynch
bu,g-sC y. tna,urcr--whch receipt shall bcur .
an interest Of six pei cent per anugm-payablc .
'yben ali the instruments shall have been paid IN
--bu shall not lac transferable.
Sec u Be H3a5ker ordldei. That on pa,
ment by any subscriber tot stock OF the h,t IN |
saucnt GA has. her, theIr subscription, the |
Whole ofthe receipts previously given 10 HIM. |
hef, or thrm, -hol be cancelled the interest due
upon them pald, nHd the treasurer Shtll grant /
20 such Subscriber. printed scrlp for the amount
elhs Subscription IN the following form; Corpo- |
PATTON OLD uchhug. per oeut stock Of 10
No. Be t remembered, That the mayor !
and commonaits iorthr corporation of Lynch |
bug, are indebted 10 \. Is. and ms her ~ ihcir
eelrs IN be sun Of Dollars, bearing ANN
icrest Of sis per cent per anHum, pa, able Sem.
annnallv at the Office Of discount aud deposit |
OF The Farmers Blak Of Virginia at L,u . burg, |
the principal rredcemtbic unriI the Isl day Of
Janaafy, ls5a, and afterwards NJ the pleasure |
ofthr coi poratiou according to tlte provisions |
OF an ordinance OF he Common Couuch passed /
sbe daY ii II IN testimony whereof |
have hcreunIo my hand rh.> day ot
Il {. u. treasurer aud there shah be leei- |
bly, printed enthe margin Of sad scrip the fol-
loving "uids, transfer able only at the office
o he treasurer ior the corporation OF Lynch |
burg
sec I. h further onilias3, That the treas
urer Sha ehel On nool, to lac provided aud
krHbf Fttn torthuparposo, IA account of ala
die serip, sued by nmas afoee>.id, and of al
hansirtso die -ame and that all transfers of
ire stock crca.eJ by virtue al His ordnane,
sftll be made either personally 10y the holder OF
tie scrip or BY power ofatip'ne, in the follow
M tarn; know All mn hy these presents that
L. \. .ot a. make. constitute and ap-
pom, l.. I my true and la la attorney for me,
aud IA my se'ne, aud behalf. Is tausicr to any
pgrson OF persons dollars Of SIX per ccnt
stock Of the corporation OF Lvnchbure, nov
standing u my name on the books OF he treasu-
rer OF SAID corporation, witness my hand and
seal tins ia Of 10 ackuowl- /
edged in presence Of \. L. (SeaD
e. II.
Jk.
which power of attorney ii shall be the duty OF
fhe treasurer 10 file away aud carefully preserve
Il shall moreover be his duty TO cancel the old !
scrip for the stuck. as transferred by endorsing |
on ITS face, transferred 10 the day |
Of is c. ID. treasurer which scrn |
~ cancelled lie shall also file away and rre-
ASye.
W. 9. Be L further ordained That the faith
"a Incorporation is hereb, irIevocahly pledg-
Gu ~ Irregular payment Of tive interest aud f. !
Hat ieae"qtion oftheprnc'ple OF the debt hereby !
anihoflsedNV be created.