Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1829-02-07
VIRGINIA LEGISLATURE.
HOUSE or DELEGATES, FEB. 2.

tlkliiNlh SNA'
HOUSE or DELEGATES, FEB. 2.
Yesterday, on motion OF Mr.. Mason OF rre-
derrick, leave was given to bring IN oi'' EN-
powering the Franklin Bank OF ALEXANDRIA 10
maintain actions inthe courts OF this common
wealth for the recovery Of debts due in winding
up its affairs. A..
MIR. White Of z. from the Committee OF
Roads and Internal Navigation, presented re
ry interesting bill, providing tor certain fshs
Of money for purposes OF Internal Improve,
ment, and making appropriations theffo';
which was order to be printed.
We present the following sketch and ex-
tracts, for the edi6cation OF our readers:
The frs, section authorises the Treasurer,
under The control of the Executive, to obtain
such loans of money from time 10 time as may
be wanting for the several purposes specified
In said bill. at rate of interest not exceeding
- per cent.
The second section pledges the faith OF the
Stale to provide sufficient funds for the punc-
tual payment Of the interest and the h"al re-
demption Of the principal; 10 addition TO any
surplus which may remain unemployed from
the fund for Internal Improvement, &c.
The third section appropriatrs, OF Inc money
to be so borrowed, the sum 81 - dollars, 70
the improvement of James River, and Jlckson's
River from Covington to the mouth OF The Cow.
pasture, by lock and dams with short canals,
or in any other manner which may be thought
| most expedient; and 10 such Improvements. and
repairs In canals and locks now in use, or the
| construc ion Of such new locks, as the Presi-
dent and Director s::of the James River Company
may find necessary or advisable. said
works to be carried on by Commissioner 10
be appointed by that Company, and called the
Commissioner of the James and Jackson's Ri-
vers. The manner Of controlling his opera.
tons, and particularly the disbursements OF the
money, are specifically laid down in the bill.
The 4th section is as follows.
| Be il further enacted, That the Treasurer Of
the Commonwealth be, and he is hereby author
ised and required, for aud in behalf Of The state
of Virginia, 10 subscribe for four thousand
shares in the Chesapeake and Ohio Canal Com.
pany, to be paid for according 10 the terms pre-.
scyibed in the charter OF said company; and
tina, - dollars, part Of the sum directed TO
be borrowed in the first section OF this act, be,
and the same is hereby appropriated to pay tor
the same. And that the Treasurer is hereby
authorised and required 10 vote in person or by
proxy IN behalf Of the STATE on said stock, at all
elections, and to represent the State interest at
all meetings Of said company.
Sec. S. Be il further enacted, That so soon as
an act shall be passed by the Congress of the
United States, Incorporating a company for
making a lateral canal 10 extend boat naviga.
ton from The Chesapeake and Ohio Canal at
some point in the District OF Columbia, 10 the
town Of Alexandria in said District, and the
books shall be opened for subsc'ipt to the
stock thereof. it shall be the duty Of the Trea-
surer, and he is hereby authorised and requIr-
| IL korr ik for in bel hall OE
s. 81 paid h ss a sha %asneT as dn aihsF
stockholders may oe required 10 pay by the
charter Of said company. Aud that - dol
lars, part Of the sum 10 be borrowed under the
frs, sectiun Of this act, be. and the same is
hereby appropriated, 10 meet the instalments
and nay Tor the stock so to be subscribed for.
| And the Treasurer is hereby authorised and
required 10 vore, in behalf of the State, at all
cleo ions, and represent the interests Of the
Stale in all meetings Of said company.
Sec. 8. And BE- it further enacted, That the
Treasurer Of the Commonwealth be, and he is
hereby authorised and required, SO soon as he
shall be fully SATISFIED that one half of the sum
which may b. deemed requisite for the i'm.
2rovemept Of the navigation of the Rappahan-
mock River and its branc hes, shall have been
subscribed and secured by individuals, to sub
scribe in behalf Of the Common We alth for an
equal amount Of stock, in the said company
formed for that purpose: Provided, however,
that the subscription TO be made shall in no
case exceed the sum Of sixty thousand dollars.
| Sec.7 And b. il forther enacted, Tha, the
sum Of -- dollars, Of the mony herein di-
rected 10 be borrowed, shall be appropriated
and applied to the construction Of Turnpike
Road from Richmond to Parkersburg, and from
Winchester to the same point
| BLENNERHAssRTT's IsLAND.--The beautiful
Island Of the Ohio which acquired unfortu>