Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1832-03-15

dollars The additional 10 such
capital shall be made in the manner and upon the
same terms and conditions prescribed in the
cooperating the said company and in the other OF the
General Assembly thereof and the
Tor such additional stock hereby declared be thence
forward incorporated into the said company with all the
rights privileges and advantages and subject all the
liabilities Of the original stockholders.
2. Be it further enacted That the board Of public
works be- and they hereby required subscribe
behalf Of the commonwealth, according the terms and
provisions Of the act entitled can prescribing certain
general conditions which future subscriptions 10 the ca
pal Of joint stock companies shall be made on behalf OF
the commonwealth passed at the present session OF the
General Assembly, for many shares OF the new stock
the said company authorized by this act will augment
the interest of the that company TO twoiths of
the whole stock Of five hundred thousand dollars. And
the shares thus be subscribed for part of the state
shall be paid for out Of the debt and United States
stock at the market value Of said stock the time of said
subscription due and owing by and from the said Dismal
Swamp canal company state And upon the receipt
oil the certificates Of stock by the said board Of public
works. for the amount Of said subscription the debt said
company to the commonwealth aforesaid shall be- aud
the is hereby declared be thereby dcharged and
the said board OF public works hereby directed to
liver up the bonds aud other therefor TO the
sidcnt and directors OF said company agent to be
cancelled.
g. Be it further enacted, That this act shall have no
force effect until it shall have been sanctioned and
proved OF by the stockholders Of said company gener-
al meeting convened agreeably the provisions OF their
tcharer and the acts 9th General Assembly amendaory
hereof
a. This act shall be in force from its passing
III nWeHdWent proposed 0y the senate to the Dill,
titled San act TO increase the capital stock of the
Dismal Scamp Canal Company and for other r,u-
poses"
End section, 11h line, after the word subscription
insert and the payment of the interest proportion
dividends which shall have on the debt and Uni
ted States bank stock aforesaid up time OF said sub
scrpon, together with the balance of principal which NAV
then remain due from the company the state after paw
ing out OF the said debt and United bank stock the
amount oil the subscription hereby authorized
ID.
IL. find be IL further enacted That the president and
directors of the board of public works shall be and they
are hereby authorised TO subscribe in behalf of the Com
monwealth TO such public works the General Assem-
ply may from time to time, agree TO paronize, such por
lions oil the revenue OF the fund for internal
may be directed by law but that part of the said
iund shall be subscribed towards the stock of any canal
turnpike, or any other company, until three at least
oi the whole stock necessary to complete such canal
turnpike other public work of such company shall have
been otherwise subscribed until, of the stock so sub
scbed, thereof shall have been actually paid in
by the respective subscribers the payment thereof ei
fectualy secured by bond with approved security or
deed OF trust upon the real Of subscriber of
twice the value of such fifth part such bond to be taken
payable to the president directors and company authorised
to complete such public work, and to be recoverable
against the oblgor his securities, notion after ten
days notice, in any court Of record within the Common
wealth. having jurisdiction thereof such deed of trust
TO be proceeded upon whenever the therein named
shall be required TO do by such president directors and
company.