Constitutional Whig. [volume] (Richmond, Va.) 1824-1832, 1832-04-17

Ill
cus, of them, and be laid before tho Prcsi-
dent and Directors Of tho James River Company,
in order that the amount of valid subscrip,ions NAV
be asccrtained, and proper measures taken there
upon.
}. The Second Auditor shall forthwith give pub
lie notice, IN sneh new spapers hc may think pro-
lcr or Us the President aad Directors the james
Hiver Company shall direct, of the return of the
looks, anu OF the amount of subscriptions appear
ing upon them; and after the expiration of twenty
Gays from the publication of such notice. the Pre-
kidcn; and Directors shall proceed ascertain the
amount Of valid subscriptions, regarding no per-
son, body polite or corporate, other than the
Commonwealth, as subscriber for any share, I'M
hess lie shall have paid thereupon, into the Bank of
Virginia, Farmers Bank of Virgins. at Rich.
mond, at least FIVE dollars to the credit of tho
James River Company, and have furnished a certi-
ncate of such payment to the Second Auditor. If
1t be ascSrtaincd that three. ftths of the capital
stock have not been subscribed BY persons, bodies
polite or corporate, other than the Common
wealth. then the President and Directors of the
James River Company shall direct the certificates
VI payment aforesaid TO he returned to the subscr-
oers, with the Second Auditors warrant on the
back thereof, for the repayment Of the money;
and they shall report to the General Assembly
sl,c failure Of the subscription, suggesting the pro.
babic causes thereof, and the means, if any, of
obviatng them.
4. When thrcc-h:ths more Of the capital
stock shall have been subscribed by PERSONS bo-
dies polite or corporate, other than the Common
subscribed, then the Commonwealth shall he re-
gardud as subscriber for the residue of the five
millions; and IT, including the Commemorative
subscription, mere than five millions of capital
shall have been subscribed, the subscrpt ms shall
hc reduced 10 five micnS, by taking off the surplus
from the highest subscriptions other than that of the
Commemorative; when 1t shall happen, that two or
more of the highest Subscrip, GUS are equal, and
the desired reduction cannot BE- made by subtract
ing equally from each, then ii shall lie decided by
To-, from winch nj Mi
greater number shall he su5,ractcd and the Presi.
dent and Directors Of the Jlmes River Company
shall order 1t accordingly.
D. When three -hths more Of the capital
stock shall have been subscribed by persons,
bodies polite or corporate, other than the COM
nonwcath having paid as Aforesaid, five dollars
upon each share, then the subscribers their success
ors, heirs and assigns shall be body polite * cor
poratc by the name of the James River & Kanaw Ina
Company; aud by that name, shall have perpetual
succession and common seal, may and be
sued, plead and be implicated, purchase and hold,
sell and convey real and personal property; and
shall be to every intent and purpose in law, the
Successors of the present James River company:
PrOcided, ho,ccrcr, That they shall hold no real
estate except that, which by this act, or some o.
thcr act of the General Assembly, may be specially
vested in them, they may be expressly authorised
to acquire for the purpose of the improvements
which they required to make; and that thew
shall in wise deal as bankers or merchants or
IN buying and selling any produce commodities
whatsoever, except suC as IL Is obviously convent
ent anu proper Tor them to purchase and sell in
the regular performance Of the duties required of
mem Ivy TINS act; and thai they shall not be cnga-
yea III the estaoiiShhent or conduct OF manutuc
lures iurther thah lor Ie supply OF thelr own con-
sunP'ioh ana ina. oi ti'e persons III helr service,
and in letting to farm lease. sites for mills and
other mach merry, and water for their use.
6. The President and Directors OF the James Ri
yer company as soon as tiey sllall nave ascertain
eu that 'nFeeniths OF 'he capital STOCK nave been
subscribed as aforesaid SO tat inc subscribers have
become BODY corporate, shall make publication
vi .'ie iac' III sucn as may DC pest suit
GU w give "otice W INC StocAnoucrs ana snail aP-
pm " 10y o: MY u'Str''t t'I TIM uays' lot
- ,,: 'S ~ CIV. "CooiS ut some III
80 ~ .''o o'y =" >I'.'''u'u' 10 TIC emu 'nat the
10y " e' - - -f ..'''-''l 81
~ 80 - 10y N'P''"'-
g.. -, ...,.;,.,.,- - "'' -
-, 80. ~ '',S'''''
- - Az -, 80. -..-, zen!
An sbaiI IL. -, -..,.' t ~ 'l-A
49,, -. 49,, - ?
.i,S 49,, I ...1''e@ y. pay iNen' INTO
H.; D"' y III '$"..'s'oS tieieoh
, 80 ~ 0'' roy ' " ~ ou'4 VI TIC
~ rJ,;,, ,
h a.t - s o''"s' 'he'e must
~ Z. onIi'.r1ar ~ poa' "a oy PioAy' number
ar al tha ,'o,o H. $500 ~ e'e nJot'y
~ III ,ha S,aoItois 10u' 0' gwen a' hi'ct'hg
E,cb S,ooLhIJ- h1, h.
for each sL,re haIJ w., hi' c ,'tiou W o,Ie VOC
md ~ ,'a,a c oy n.' % iar DIS zen shares
rhar. shali ha s,,, .do erAsI aoo, , 'en
S,a.LbII =, - e. ~ -, s y, 'e
- Wv 80 -. IN Pr ~ ''io 10y Vi i>c',-
~ >, -, iI ,,oI o,Io. " I'm J, II, eaI'
80 VI " ~ oo. ''"'e 10 'H' oy@,idmS Vi Tie
r'y ma? Pl'sIi.p p ana tne'c Snal' NC extra
Ern, ,;,," 80 % ete so colVehea
name -. nav b., 49, t i,,"y ~ suoii
H. H. -. " $3.50 ~ % y 'r"S' ~ OH
smffic;c,t npmhcr of haidors aI'ii