Phenix gazette. [volume] (Alexandria [D.C.]) 1825-1833, 1833-03-07
AN ACT
March 4th, 1885.

Authorizing subscription by the State OF VIZ
ginia 10 The stock of the Chesapeake and OHIO
Canal Company. Passed February 20'h. 1855.
BE /, enacted Ly Tie General .4ssem'y Of Pr
giaia That the Treasurer Ut the Comiuunm ea,h
be, aud he is hereby authorised and directed 10
Subscribe in the name and for the use Of the
Common wealth of Virginia, for two thousand
five hundred shares Of the Capital Stock Of the
Chesapeake aud Ohio Canal Company. and to
nav for the same in manner following, that is To
say, the said Treasurer is further authorised aud
directed 20 issue, in the name OF the Common
wealth, certificates Of stock Of the State in sums
of one hundred dollars each, bearing interest
from the date thereof, at the rate Of Ave per
cent per anuum. PAYABLE quarterly, the prln-
cipal whereof shall be mreteemable prior to
to the year one thousand eight hundred aud fifty.
the amour, Of the par value of the said two
thousand i've hundred shares of Canal st ock; Of
which cerhtit ates he shall deliver to the Treasu
rer or other proper officer or agent of the SAID
Company, on the fist day ct May next, or as
soon thereafter as practicable, sun equivalent
a, their mar value, to that which the State OF Ma
ryland shall have on that day paid, or have been
called upon to pay, on account OF the like sub
scrption Of the said State to the capital stock OF
the said Company: and the residue OF the said
certificates, the said Treasurer shall, IN like
manner, paw over to the Treasurer, or other pro-
per agent Of the SAID Company,as the other hold
ers of The stock thereof shall be required to pay
the several remaining in,talments upon the stock
subscribed by them respectively, to the capital
Of the said Company, until the whole amount
thereof be issued aud paid:
Provided, That prior 10 the 1st day Of May.
one thousand e,sh, hundred and thirty three, the
President aud Directors Of the said Company
shall certiv 10 the said Treasurer, their agree
ment, under the corporate seal Of the said Com
pany. to accept aud receive in payment as afore-
sand, the said CertGCa tes of the Stock Of the State
NJ par vauc, ia satisfaction of the subscription
authorized and directed az aforesaid: And pro.
yided. mo, cover, tina, the said President and Di.
rectors shall sgree to appropriate sum not ex-
ceeding in amount eighty thousand dolars, To.
wards the construction OF suitable locks to ena.
BILE the river boats TO reach the Canal, aud to re-
turn from il to the river again. at or near each O
the following points on the river Potomac, to wit
the mouth Of Goose Greek. aud the base Of the
Ketocton Mountain, In the county of Loudoun
the Ferry across the Potomac at Shepherdstown,
in the county OF Jefferson, and the Ferry across
the same river at Leishts. or at the mouth OF the
Opequop. in the county Of Berkelv. and TO cause
the said locks to be constructed BY the first oil
November. one thousand eight hundred and thr.
tv,6ve. and sooner, If practicable.
BE IL further enacted, That the Treasurer be
and he HEREBY is authorized and required, il the
certificates directed by this act to be delievered
70 the Treasurer, or other proper agent of the