Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-05-11

in the works and property Of the present James River
Company and when they finally closed, they shall
be returned 10 the Second AUDITOR verified by the sigma
lures Of the commissioners, OF them and be laid
before the President and Directors The jones River
Company in order hstt the of valid subscriptions
may he ascertained, proper measures taken there
upon.
g. The Second Auditor shall forthwith give public no.
uce IN SUCH newspapers as he may think proper,
the President and Directors of the James River Compa
ny shall direct of the OF the books, and of the
amount OF subscriptions appearing upon them and after
the expiration OF twenty days from the publication such
notice. the President and Directors shall proceed 10 as
certain the amount Of valid subscriptions, reg riding no
person. body pouc corporate, other than he Com
moDweaith, rs subscriber for any share unless he shall
have paid thereupon into the Bank OF Virginia, Far
mers Bank OF Virginia. at Richmond, least FIVE dol
lars, TO the credit OF he James River Company and
nave FURNISHED certificate oil such pay the Sc
cond Auditor II i he ascerained that three 6hs of
The capital stock have not been subscribed by persons
bodies polite or corporate, other than the Commonw eah
then the President and Directors the James River
Company shall direct the certificates of payment alore.
sad 10 ne returned TO the subscribers with the Second
AUDITORS warrant on the back thereof for the payment
pa asseS b on" ,; hoy shall report to the next Gene
the probable thereof, and the means il any, of
ohviating them.
When three6lhs more OF the capital stock shall
have been subscribed by persons bodies polite corpo-
rate, other than the Commonwealth but the whole capi-
tai shalt not have been subscribed then the Common
wealth shall be regarded subscriber for the residue
OF the five Millions and il, including the Common
weahs subscription, than five millions of CAPITAL
shall have been subscribed, the subscriptions shall be re-
duced 10 FIVE millions by taking off the surplus from the
highest subscriptions other than that of the Common
wealth and when it shall happen, that two or more of
the highest subscriptions equal and the desired re-
duction cannot be made by subtraciDg equally from
each, then shall be decided by lot from which sub
scripon subscriptions the greater number shall be
subracted and the President and Directors OF the James
River Company shall order il accordingly
D. VIXEN tree-fiiths or of the capital stock shall
have been subscribed by persons bodies polite or COR
porate other than the Commonwealth, having paid az
Aforesaid, five dollars upon each share then the sub
scribers their heirs and assigns shall be bo
dy polite and corporate by the of the James River
and Kanawha Company; and by that name, shall have
perpetual succession and SEAL may sue and be
sued, plead and be impleaded, purchase and hold sell
and convey real and personal property and shall be 10
every intent and purpose in law the successors of the
present James River Company: Provided however That
they shall hold real estate except that which bv this
act, or some other act of the General Assembly, may be
specially vested in them, they may he expressly au-
OrZed TO acquire for the purpose of the improve ns
which they are required to make and that they shall in
no wise deal as bankers or merchants in buying and
selling any produce commodities whatsoever except
such IL OBJ iOusy and proper for them TO
purchase and sell in the regular performance of the du
ties required OF them by this act and that they shall moi
1e o"S"E~d i" the establishment conduct of nanuc
lures, further than for the supply Of their ,vr.np-
ton, and that Of the persons in their service and in let
ting 10 farm lease, sites mills and other machinery
and water for their use.
6. The President and Directors of the James River
Company, soon they shall have ascerianed that
UTee OF the capital stock have been subscribed
aforesaid, so that the subscribers have become BODY
corporate, shall make publication OF the fact i'm such
newspapers may be best suited give notice 10 the
stockholders. and shall appoint day not more distant
than thirty days. for general meeting OF the stockholm
ers, at INT place in the City Of Richmond TO the
end thet the Company may be organized by the appoint
ment of proper officers and agents IT, on the day an
pointed, sufficient number of stockholders do not at
tend to constitute general meeting. those present NAV
adjourn from time TO time, ti sufficient number shall
attend To this meeting the Second Auditor ghal deliver
the original books OF subscriptions together with ha GER
thcates oil pdynenino the banks by the subscribers
endorsing thereon his for their payment TO the
order OF the company.
Z. Toconstiiu'e general meeting there must be pre-
sent either in person by proxy a number of stock
holders having right TO give majority of all the woes
which could be given at meeting OF all the stockholders
g. Each stakeholder shall be entitled one vote for
each share held by him far ten shares and to one
vote for every five shares above ten
g. There shall be stated general meeting of the
stockholders at some fit place in the City OF Richmond
on the second Monday in December in each year. or at
such other time the by laws OF the Cornpan NAV pre-
scribe; and there shall be general meetings OF he
stockholders convened from time TO time, az occasion
may require, in such manner may be ordered by the
bylaws IL, on the day appointed for any stated annual
meeting sufficient number o: stockholders shall not at
tend, 10 constitute such meeting IL shall stand adjourned
from day to day. until sufficient number shall attend
10. ! he stockholders in general meeting, shall have
power to make all such bylaws rules and regulations
not inconsistent with the constitution laws OF the land
as they may deem proper, Tor the well ordering of the a
fairs OF the Company for the protection and preservation
OF their property and for the maintenance OF good order
and good police among their officers agents. servants
aud labourers. and among the hOamen and others who
use their canal and other works
III. At the first general meeing and at each stated an
nus meeting thereafter he stockholders shall appoint
President and Directors OF the Company who
shall hold their Offices for year, and hereafter until
their successors shall be appointed, unless sooner re-
moved by The stockholders in general meeting. Vacan-