Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1830-02-22
VIRGINIA LEGIsLATURE.
HOUSE OF ID I.EGArES.
SATURDAY. tnD. 10.

gave rae to some debate L. the course OF
winch, Mfssrs. Thorn son. Campbell OF Bed.
ford aud sabrll supported the bill. aud Nj
alv"s of 1 ,mpnelI opposed II Afler an una
ya,ling motion OF Mr. lay. To postpone the bill
indefinitely, the question WIS ken on It's pas
sag. md prevailed without division.
tn, following nj with the amendments
from tie )" tit, "as takru up:
Al aci 10 amend The Charter Of The chesapeake
aud Ohio Canai Company by auth ri,ing he
commencement Of TIE u extern section Of the
| Coni
BE II enacted By The Gencrai 1S' mbiv Tha,
" rnese I'm joni I" nfefes', OF tie stock
holders af The Chesapeake aud q 10 Canal Coz
pauy, shall, At n general erecting thereof, de
ermine that IT Is IN xpedlent g. commence tn
western section vi the said can l. they sha5
have power 80 auihorisr aud qutIe the Prcs.
dem md Directors ui the Cnmpuny TO cause
the same 10 he hpeun, al hough the easIeen
section 4 the said canal shall not be at such
time con ploied
BE II futhef enacted, That the said President
| and Due tots shall have authority. At such
times aud places as they MAJ deem exprdient
| 10 open books fora roudinonhl subscription =
the stock of the sid company, snt h condl ION
| fo be that the stock "a subscribed, shall he 81
| tiuSivrly 10 the eastern ur 10 the uest - see
| lon Of the canal ~ the Subscribers may re
| speCtIvely p'eie. and dir and III thu event
ofapy such subscription eng oh AIMED, In
AID President mi ID reetars, % he 'Xtent
=. lot. al least. shall apply al SONS pad
| 'hrrron, ,cCuTding TO the terms OF In condition
annexed thereto, by the Tsp cuVe sub crIhers
aud to no 9TH purpose whatever In al oihe'
respec whatqneva ia, stock SO snlsciIhed
shal! be regarded rs par OF he general stock
ofthe company. and enhtle the stockholders
lg,.t TFtB ala d, fttp
p vileges aud snhec, Ihem 10 the same obll
| cations with the other stockholders, whose
| subscriptions are payable without condition
| As 10 then Application to either section OF the
| canal
| md be IL further enacted, That tn forfeiture
| ~ the Charter OF he sad company, o. OF any
| right tn nee arising, shall he incurred by any
dray on their part to complete the western sec.
| ton If the SAID thnal, y reason OF a commence
ment OF the same, before e completion OF the
eastern section thereof; but the longest time
| shall lie allowed thu sal company for the
| completion ol he entire canal which c 'nlti
lawfully be claimed ~ them virtue Of any
delay Of tnr co,nmencrqeht completion o
the W stern rcfio Of the canal authorized
or perm ted by the terms Il thelr pres nj
| Charter.
1hi Acl shall commence aud take effect IA
! IA AS regards this Commonwealth nom the
| passage thereof. as regards the Umled states
and ,hr Strtr of MAJ yand, on receiving the
assent If the CongT 80 of the United sat sand
the q neral Assem hly of Mary land thereto
and on its receiv h" further assen' OF he
| Legislature of the state OF Pennsy ania, ~hdl
/ be taken and deemed 10 be, IL all respects, pan
oil the Charter OF hr Chesapeake ami ONO ca
nal Company.
The am ndment proposed by the Senate was
as follows
Al the end oflhe bill insert the following Sc
| tion
" BE II further enacted and it is hereby d
! clared that the amendments 10 the Charter al
the Chesapeake and ONO lanai Company con
tanned in this act, made upon the express
| condition that farl OF the capital heretofore
subscribed. shall in any manner he applied to
| the construction OF the western section OF SAID
! canal until the eastern section IS completed, but
the same shall be altogether applied iothe con-
struction Of the eastern section thereof. until
the same is completed
Mr. Mason OF + rose TO propose the follow
| ing additional sections by "ay Of amendment
| to the amendment of the Senate :
BE IL endcted That no subscription Of stock,
hereby authorised to be applied IN the con
struCiion Of the western section Of sad csua,
shall enlille the holders thereof, in any man
ner 10 participate IN any profits or vidcnds
which NAV be derived from The pa.iern section
thereof, nni said western section shall hc con.
nectpd with the eastern section bV an establish
ed portage, rs shall be IN such manner compile
ted, as to form with said eastern SECTION one
continuous canal-nor IN like manner shall any
rohts or dividends that may arise the said
western section, before The same is completed
| as aforesaid. enrile the present stockholders
in said company, or any Subscribers hereafter
4 "A
ton 10 any participation in profits or dividends
derived from sand western section exclusive
Iy.
Be II further enacted That nothing in this
act cont med. shall have any virtue in law until
tue same shall nave been approved by he
stockholders in said company, owning 3 6ths
AT least of the stock thereof, at some one Of Us
stated annual meetings And until such ap
proyal be had it shall be held and esteemed as
though this act had never passed
Mr. Nee abe called for the reading Of the
memorial Of the President and Directors OF The
Company as follows:
To the Speakers and Members Of both Houses Of
the General assembly Of Trginid;
The President and Directors of the Chesa
peeke aud Ono Canal Company, pursuant TO a
resolution oftne stockholders hereto annexed,
| mos, respectfully represent that the desire to
obtain a subscription to the stock of the Com
pany from the State of Pennsylvania, and TO
! further the great end of the common enterprise
| of the several parties 10 the Charter of the
Chess peake and Ohio Canal Company, the
speedy union OF the eastern and western sec.
lions by a continuous canal across the noun.
| tain which divides them or, IT that should
prove inc pe0ienl, to reduce and improve the
| portage between them. the Stockholders whom
the undersigned represent, desire such mod
| 6cation of their charter as shall enable them, II
il shall hereafter be found expedi nj, TO com
mence the western section of the eaael beio's
the actual completion OF the eastern section, by
lbeg,nuipg and conducting canal from Pitts