The Virginian. [volume] (Lynchburg [Va.]) 1822-1829, 1827-07-30
AN ORDINANCE.

f0IH, faI suHtNH2 Tn fofYoiH'gH ~ lynn
burg ruth rgifr
lPlszei the 2afh jnnr, l-fisl
Where's. il Is Important vel 10 the safety
al ihr toan from ire, AZ 10 the comfort and con
vfnlence Of is inhabitants that an adequate
us,pl, Of Wholesome Shtcr should be lnirodh.
,rd mJo thc streets. aud whereas II IS deemfa
iuesncdeni aud nniusi thar The wholr e'p 'nsc
ofa#So,i, inteuded is much for the benefit "i
pnsterit, a. tof the present generation should
b, hbras by the existing inhabitants OF the
-owns
sfe. b. tibtretorf or3giRcd 5g M Com
mo- foansi II LgHcfbgFg. IA O0naoH mn rs
-tmhltd. mat u shall be matll FOR David &,
Maacli, lnhe tctor Lldab Fletcher John
1hurmou AIDon Nc1#n,cl. sanh. tldytor ' o.
su,3nR -,dnur a. JohuG Nscm, Who are here
bt app niu.rd commissioners tor mat purpose,
~ lalse b, n.r pflosn TOT ths use OF thi corpo.
ration. a sum aui exceeding fony thousand
Dollars.
sec 2 nc il further or3alp,d That for the
unpose of ahernne ,neb loan, It shall be the du.
~ u sad comm sioners TO advertise IN some
n,,espapef. published IN this taWh, oud IN such
D,ter newspapers rs ihey ma, think proper Ton
~ icsst iom weeks, thai they viii At such time
sua place as they may appnlnt, receive sealed
rroposels fuf the y it0s on any par oisuch loan.
upoa size following conditions, VIZ the loan 10
bear an inter Il al slX per cent PEI a"hnm' paw
able semi annually at the Office of discount aud
deposit of die Farmers Bunk Of Virginia IT
I,nehburg The principal itredeemable until
III first DAY of1anuary led0-and aitcrwardsat
the pleasure NJ the cofpolation--tha no Pr"ro-
sd will be received ion less SUM than one hun
.drod dolars--the proposer stating the amount
for which ne offers, aud the greatest sum he vii
nav for ench 500 acknowledgements TO b.
H., 4 ala lac
Zine being bg nstalments as follows:
Ten per cent a, the time of subscribing. and
the balance in such acquisitions a. the Common
Council may call tot, after 80 days notice beng
previously given IN such newspapers ~ may be
deemed nets ,sary
See .. BE II furibfr ordoinfd That any per
sun 81 persons, bodies politlr 81 corporate sub
stihiug Tor stock aud iaihnE 10 pay the IN
almcuis as they become du, and payable, shall
IL loitto the corporation the sums they may have
yaid.
SEC 1 81 Hh,yitfr ordained That the com
ms siuutrs aforesaid shall open tire whole ot the
proposals that ma, have brea received Al the
,ule and place appouaed. and should they de
tc6ainr 10 accept a.y one or moie OF them, they
shall humeliaia.y nutify the person or persons,
bodies pahur a, corporate, whose proposals
Shall haep brcn accepted, OF the tart, aud n
cutie Then TO come forward and comply with
thr term Ut the lo3n--pt"vldcd however that
shunld The said rnmn sionef, MOI receive SITS
iaeiory proposals ior the whole amount hereby
reqotcd 10 be raised, or much thereof as vii
ansN the purpose herein contemplated, they
WAY a' thin discretion proceed 10 advertise as
hfioIr directed from time tot time, until such sum
shall have been raised.
Ser 81 Il further ordaiprd That upon
payment 81 any nstaimcnt atthc stock 50 sub
Snrlacd for, tue treasurer shall grant receipt
for tho same IN the following form: Corporation
Of IVucbbarg day OF Is Iccrl-
yed of A. b, dollars being the IN
stimcnt # his suhsgr ption of : to the
inaa Tor lhe benefit of he corporation OF lynch.
oorg--C. p. u,asutef--which receipt shall hear
an nlerei ot six per cent per aunum-payable
W,len aI tHu ssalmcnls Shall have been pad IN
-tut Shall ,otbe transferable
see q. II tfuHtr ariaasd. That ON pa9
meat nv Any snb,c,ihc. In stock Of the lat N
sialmeui on his, hor then subscription, The
whale oithc receipts previously given to him,
her, or them, shall be cancelled, the interest due
upan them paid. aud the Treasurer shall grant
ya snrh suhSctihrt. pnmtCd scrip Tor the amount
oihH subscription 40 the following form Corpo-
raiion 81 l. uchhutg q per ccut stuck of IS
M. Ben remembered, That the mayor
aud commnualn torthe corporation of Lynch
burg, are nlehle, 10 \. r. aud his, her or ther
hers ~ hr sum Of Dollars, bearing ann
tere't OF sly per cunt per annuni, pay able semi
annually at the Office Of discount and deposit
Of the Farmers Bank Of prna At Lynchhure,
the principal irrcdecmahle until the Isl day of
January, 1850. and afterwards At the pleasure
oithc corporation, according TO the provisions
OF a0 ordinance Of the Common Council passed
the day OF Is IN testimony whcreofI
have hcremto set my hand tlls day OF
L {, u treasurer; Und there shall he lei.
by lfmted ontho margin OF SAID scIip the iul-
TO 9ing words, transferable only at the Office
efti' treasurer ior the corporation OF Lynch.
bars,
SC. ;. Re u further ordained. That the treas
ufef staii tnter on huolI 10 be provided aud
Kept by hin, Tor dat purpose. an account OF all
the scrlps issued by ann as aforesaid aud Of all
trans'ersoi the slime, aud that all transfers OF
tue stock created by virtue Of this ordinance
snail be made either personally by the holder of
s'e scilp. or by power ufaitoineY IN the follow
iqg form Know all men by these presents that
j a. Is. Of do MAKE, constitute and az
poiui Y +. my true aad lawful attorney for me.
and IA ny name, aad behalf. t1iiansier TO any
person OF pefspus dollars Of SIX per cent
si9el. olthc corporation Of LynrhAure, now
siabdiaean my name on the books OF lie treasu-
III OF stld corporation, Witness my hand ard
sea- 'a's DIV Of Is acknQ"i.
edged IN presence OF a. b {SeaI3
& IA.
H.
which power Of attorney 1t shall be the duty Of
the treasurer TO file away and carefully preserve
II shall moreover be bis duty to cancel the old
scrip for the stock, as transferred by endorsing
on ITS face transferred To the day
OF Is {. b. treasurer which scrip
% cancelled he shall also file away and IRE
serve.
See g Be Il fViltr ordained. That the faith
OF this corporation Is hereby irrcyocably plede-
ed 70 tie regular payment ofthe interest and ii =.
mai redemption oithepriaciple OF the debt hereby
authorised 10 be created.
Sees Be Il Further ordnined. That the mo-
ney obtained as aforesaid shall be applied 10
The purpose OF supplying The town with water,
under the direction otihe Common Council
such other person or persons, as theg mny ap
point 70 sHpefintend the work under them
sec. ~ BE II Grfhfr ordaiaed, That his or
dinance shall commence and be in force, from,