Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-03-30

to be regulated by their bylaws
The stock TO be deemed personal estate and pass
such; additional Of five dollars TO be paid thirty
after the adjournment OF the first general meeting, into
the bank aforesaid their branches, and the residue Of
the sums subscribed may be required by the company
Skates OF delinquent stockholders to be sod and the orr
gina subscribers, ell denquents to be held bound
for the sum due aud unpaid; 10 be recovered motion,
upon ndays notice, in the superior inferior
the county corporation where the parties may be found
or ny warrant before magistrate where the sum is with
When the stockholders have paid sum equal TO the
states st subscription then the state pay proportonay
with them the balance subscribed when called on for that
purpose The states interest in the works of the present
James river company to be transferred the compa-
ny thirty days after the adjournment of the first
meeting as aforesaid and the company be then entitled
10 all tho tolls, rents, and other emouncns rights priv.
eges and mmunies of the present company subject 10
The payment oil the dividend OF fifteen per cent per annum
forever TO the the old company and the
pedge OF the surplus tolls oil the company made by former
security public creditors who have loaned
money TO the James river company orthc
but the faith OF the State pledged protect the company
from the payment of the principal interest of debt
contracted by the oaus aforesaid and the profits of the
states stock IN The new company aud much Of the
venue OF the fund Tor internal Improvement is
pledged for that purpose, be applied the payne
OF the interest said loans; and if this proves inadeoate
the state to provide other sufficient funds.
The company to be bound connect the tide water of
James river with the navigabe OF the Ohio either
oy continuing the lower James river canal point not
lower than Lynchburg, continued rail- road from the
western termination OF that canal TO point below the
tails OF the Great kanawha, and an improvement of the
hanawha river from thence TO the Ohio TO make il
suitable Tor stcam-b navigation; or by a continual
OF the canal aforesaid and continued rail. road from its
western termination 10 the Ohio river; confined
rail road from Richmond the Ohio river; their works
aud property TO be exempt from taxation. The canal If
continued TO be made forty feet wide top and twenty
eight ee at bottom, with less than four feet wa
ter nj all seasons, with tow path and naveabe for
boats oil not less than thirty burden propeled nv
horses The bed of the river allowed to be used when
ne reiuen water from the dams will admit the appica-
ton oil horse power TO the canal boats The canal TO be
connected with tide water.
From the highest point James Jacksons river TO
which the navigation shall be carried a railroad with
TWO tracks, TO be extended either Ohio river or TO
some point below the great falls of the Kanawha river
IL railroad the whole length be determined on then il
Is 10 be constructed from tide Richmond, follow
ing James river beyond the Blue Rdege thence TO the
kanawna river either its mouth or below the great
''s' OF Oh me oho rver proper arms TO be extended
across James river 10 convenient places OF deposit ON the
opposite shore thereof II the western termination of the
ai-Toa should be at any point above the mouth OF the
hanawha then that river be improved from thence IN
e oho, oy locks and dams, otherwise, capable
ing navgacd by steam boats less than 100 tons bur
uen. me works to be commenced within two and COM
eed withn twelve years; otherwise the charter TO be
forfeited and the works, Sc TO revert TO the present
James river company for the benefit of the State
hye millions should prove insufficient complete the
works. the capital TO be increased amount found
cesSary; the state at liberty take of such adj
diuona capital or any portion thereof the other stock
holders take the residue or new subscribers 70 bo cd
mitted. ~
The company empowered to have lands condemned and
take materials Tor constructing their works. with all other
powers incident TO like corporations.
PERMISSION may be granted by the legislature Join any
other railroad to the railroad of the James river and
nawha company, or TO conduct il across the same. The
hanawha turnpike TO be kept open and in good repair and
tolls not exceeding those imposed may be demanded
hereon the extension of said turnpike the mouth of BIG
Sandy river TO be completed under the direction of the
present James river company or as the legislature shall i
rect and when completed it be transferred to the ne
company.
he tolls allowed the company James and Jackson's
rivers not 10 exceed average of three cents pcr ton
Of 2zIo pounds per mile, and the tolls upon corn wheat
and other grains and grass Seeds -four meal hemp fla
cotton tobacco, and all agricultural productions not to
ha cHH RsuS S and Minerals and fossil.
TWO cents per ton per mile; upon COAL per PEI
mile, and upon lime, lumber and GYPSUM one half cen
per ton per mile; and when the improvements are com,
Peted to Lynchburg the tolls to be demandabIe between
Richmond and Lynchburg, but the tolls on articles which
have passed the locks the mountain canal shall not x
ceed TWO cents per ton per mile, until the improve
shall be completed 70 the mouth of the north river i'm Rock
bridges and when completed TO that point the new tolls n
be paid in lieu of the tolls now allowed on the nonnt,;
canal and when extended above the mouth of the nortl
river then the tolls 10 be received upon such wen
sion alter the same is completed TO Crows ferry and abov,
that point whenever section Of ten miles is finished
Upon the Kanawha river from the termination of IN,
railroad TO the mouth thereof the tolls allowed not to
ceed one cent per ton per mile but salt, bar iron pic
IRON and castings, not exceeding half per cent and on
lumber lime, coal and gypsum, fourth of cent peI
ton per mile.
Upon the railroad authorized the COMPANY 10 have t
exclusive right oil transporation if extended farther
east than the western termination Of the James river
at or above Lynchburg then the tolls allowed not TO
Jour cents each miles but extended TO the Kanawha
the same tolls per mile for carriage west of Crows ferry
at The mouth OF Looney's creek east thereof an
age o OF Jour cents ton per mile from west 10 east ON
all articles oil Popery and exceeding an average OF
SIX GEMS per ton from cast TO west and Oh persons
both ways OF four cents each per mile. The tolls anon
lumber salt and minerals not TO exceed the aversees
above OH COAL three iOurths of those averages and on
gypsum one bali thereof. The tolls demandable when
one set oil tracks completed and the company have
Vldeu themselves with necessary carriages SC
bile the works in progress and after they are
Pleed, the President and Directors of the com1anv
declare and make semi annual dividends of SO mucL nj
surplus profits OF the stocks, after pa wing the dividends
TO the ola stockholders they may deem il prudent to M
Vlde he dividends the commemorative stock or ca
much thereof as may he required shall be applied
tie payment OF the interest the loans TO the lanes ri
yer Company, and the dividends the stock of the obcr
snail be paid TO their order in such manner as
the bylaws may prescribe "
The annual nett profits Of the company proceeding from
tolls, rents and all other emolumcns shall never exceed
heen per centum upon their capital sock and The toll,
sha De regulated from time TO time so as TO restrain the
PTohts within that limit All reductions of the tolls made
or tat purpose, shall be made ratably on the
nVer on the line between that and Crows ferry at the
NOUN OF Looncys Creek and the line from thence n
chnond 10 the end that this regulation NAV be enforced
anu 't e General Assembly may always be informed OF
INC condition OF the company it shall be The dutv or tho
President and Directors Of the Company annually n
10 the Board OF Public Works. such other pblc com
Pny as me law may prescribe, ;hc true state and condition
oil me company its income from tolls rents and Other
ehoumcns, Its expenditures and its nett profits: TO the
emu tat The commonwealth and the other
may ENJOY the profits Of the stock in proportion TO the
amount the'r respective capitals the dividends declared
as aforesaid upon each share shall always be in
i In mt nN.Il IL