Daily Richmond Whig. [volume] (Richmond, Va.) 1828-1831, 1831-02-11
A BILL.


SAL IMPROVEMENT
I. BE it enacted by the General Assembly That
the Treasurer of the Commonwealth Under the drec-
ton and coGtrou Of the Executive be- and he is here
b." authorised and required to borrow, upon the credit
~ the State, tn" of two millions of dollars pro-
yidcd the be obtained at a rate OF interest
net exceeding Eve per ccnum per nnnum. The mo-
MES to be borrowed shall be paid into the Treasury
Of :hc Commonwealth by The lender or lepdcrs, his
or their agent agents upon the of the Sc
ccnd Auditor IN such instruments to the ap-
preparations thereof: upon the receipt whereof into
the Treasury, the Treasurer shall issue certificates
of stock, for the amount of tho sums so re-
celvcd, purporiing TINT the Common wealth of Vir-
gnia owes to the lender or lenders, his their heirs
executors, administrators. assigns. the PRINCIPAL
sums therein mentioned with interest at the rate
agreed on that such interest is payable semi annually
a the Treasury of Nirgnia; and that the loan was
made according to the provisions of this act. Such
certificates shall he signed by the Treasurer, coun-
t"rsgned By the Second Auditor, registered in q book
by him, TO be kept o that purpose, and then bo deli
vercd 10 the lender or lenders, his their agent or
agents. Every s;ch certificate shall be transferable
on the books of the Second Auditor, and the SEMI
annual interest thereon shall be paid on his warrant.
The principal shall not be redeemed for the term
of twenty years from the date Of such certificate but
after hat time, it shall be redeemable at the pleasure
! of the General Assembly. The annual revenue of
the Fnnd fer Internal Improvement, not otherwise
appropriated, is hereby pledged for the payment of
tho interest on said stock, unli other funds be pGov
Ird: and 1t shall prove Insufficient any time the
'cc'ei hSse"hiy will provide other and sufficient
funds for that SIpose.
2 Be it further enacted That the money en- % In
borrowed. shall! be, and the same is hereby appropy
atcd TO purposes of Internal Improvement; TINT
IS to say: To the improvement of the James river
from Richmond TO lyncIburg, dollars Ia tho
improvement Of said river and Jackson's river he
tween Lynchburg and CnyIngton dollars. IN
make road from Fredericksburg to Richmond
dollars to subscribe for stock in the Petersburg
IAN h"ad company, dollars: 10 make road
from The Tennessee line, down the Valley Of Viroi
ma BY Abingdon, Evansham, Chrisansburg, Bin
castle lexington Stanton, Lnrrrsonburg Wood
S,ock' " inchest"r, and Charlestown, to Harper's
Ferry, dollars: TO construct 4 road from Point
Pleasant, in the county of Mason, to n,ersect tho
hannwha Turnpike near Charlcstown, dollars:
10 construct 4 road from Winchester 10 Pakersburp
on the Ohio river. dolla,s: 10 construct road
from the mouth of Fishing creek 10 Snlthfield
dollars: to make a road from Staunton, by Beverley
in the county of Randolph, to in,eIsect the Win
chester and Purkersburg road, dollars: n
make road from Fredericksburg to SVInches,er,
dollars: TO make road from Richmond, bv
louisa court>hons" to iar'isonburg in the county Of
buckingham dollars 10 make road from
FREDERICKSBURG 10 Newmarket IN the county of She
nonJoah, dollars TO open a road from, Union in
the county Of Monroe, by Logan courthouse 10 the
forks Of Big Sandy river, dollars: to the nm
Pfo'ement OF the New river, or Upper Konawha,
Q. Belt further enacted. hat one. fourth mart oe
the SAID several sums so appropriated shall be pava
bic annually, commencing with the present yenr ot
the Ireasn ofthn Commonwealth, on the warrant
wv '''O'" 4Ahh'''I TOT HilKDn Tie improvements
aforesaid: The s0id several works TO be done and
law. W
IL Rcii further enacted That the residue of snil
sum ut two millions Of dollars, not appropriated bv
the provisions of this act shall be united with and
constitute part Of the dsposablc Fund for internal
improvement; and may be appropriated, from timo
to Time by the Legislature, under the same rules and
regulations ~ which appropriations from SAID fund
are now governed; Provided, ncvcu heless Tim,
the General Assembly shall have authority, al anv
time to appoint and set apart said residue or nnv
portion thereof as sinking fund, for the payment
o. INC interest arising upon the money hereby author
D. be u inr,l'r enacted, That the improvements
aforesaid shall be made profitable ne soon ma nrsc,;
caac, ana TIC property Of the Common wealth there
H. Sh' bc o1d the same is hereby, pledged for tho
pnymont OF the interest ani tho final redemption of
the stock aforesaid.
6 THIS act shall be in force from and after tho
passage thereof
report OF tho Committee Oh Agriculture
and Manufactures.