Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1835-12-24

recOvered Inn the
manner provided BY section 80, other manner
On Friday the 18th, the meeting convened at the Ca
ptoi when the Committee above mentioned submitted
their report as follows:
The committee to whom referred the port of the
resident with the accompanying resolutions, and who
were instructed enquire and tcport what snrcs
they deemed expcdcn fer the stockholders al this time
10 adopt, have, according ORDERS had under consdera
non, uie snirct referred 10 them and submit theeupon
he eornmiticr, approving the object of the first Sc
conu, unrd and fourth resolutions accompanying the
Presidents report respectfully rcconme nd the adopon
of The following resolutions:
l. Resoiced That the President and Directors of the
company shall have full authority, at any time during
the progress OF works the first division ofhe canal
adopt such measures, them may seem cxpcdicnt
forcxecuting such part Of the work second diri
SION OF tie canal IN their opinion be prudent
~ deferred I'LL the first division shall be completed
= Rtsolred That memorial behalf of the stock
holders OF the Company be prepared and laid before the
Nene'ai Assembly, asking modification of the charter
oil the company IN the following particulars in such
oithem rs to the wisdom of the General Assembly shall
First, Authorizing the purchase or condemnation of
land along the general line OF mpro of greater
and restrictions;
Secondly, Authorizing the Company to purchase small
parcels of land along the line of improvement, under
proper limitations and restrictions though such par
GELS OF land may not be necessary for the construction Of
the work of the Company, for abuncnis or for the
use of their buildings;--and
Thirdly That the mode of assessing damages for land
condemned which provided for in the charter may be
SO changed, as that in lieu of the which the
County Courts required to appoint board Of
sors having jurisdiction the whole line of the inn
provcmcni, may be organized, and their proceedings
regulated in such manner to the General Assembly
may cxDedicnt
The Committee deemng it prudent to preserve the
credit OF the company by making acquisitions upon the
stockholders adequate to meet all the engagements of the
company, rather than by resortng loans, would
recommend the adoption ofthe fifth resolution accompa-
nylng the Presidents report
On the suggestion Of the Board of Directors The COM
mittee recommend the adoption of the following resolu
tions
Resoired, That Whenever in the opinion Of the Presi
dent and Directors the business of the company shall
render il necessary they shall have power TO appoint
book'keeper, and TO allow him suitable salary
Resofred, That the foundation and flooring well
the gates OF the locks shall be constructed of such
rails as The President and Directors may think proper
ReSoi1ed, That the monies of the Company may be
paid into bank upon the of the Secretary though
not countersiged by the President
The Committee recommend the following resolution
ftsotred, That the President and Directors be re-
questcd to cause circular 10 be addressed
recommending ~ to those who cannot conveniently at
tend the general meetings. TO appoint standing proxy,
residing convenient TO the place of meeting, with autho-
rity TO represent them in all general meetings when they
are not present in person, by other proxy-and
that they enclose proper form for such proxy
ReS0fred, That IT is inexpedient at this meeting
make any appointment of President Directors mas
much under the provisions of the Charter those
in Office Will hold their places until May and there
after till their shall be appointed, unless
sooner removedb by the Stockholders in genera ting
ReS0iced That Standing Committee of seven be APP
pointed at each annual meeting of the Stockholders, who
at All mes, as wen IN the recess OF the meetings of the
Stockholders. during their sngs shall have free ac-
10 The books and papers OF the company, and whose
dny shall be to examine and report TO the stockholders
at their annual meeting, the condition of the books pa
pcrs and finances of The company, and such other
ters as they may deem interesting to the stockholders
Resotred, That while the charter remains unaltered
as TO the tribunal for assessing damages for the land
demned for the of the company il will be inc incident
10 amend the form prescribed for the report the values
but that If the charter be amended proposed by of
The preceding resolutions, to refer the valuation OF
lands condemned TO board of assessors having ursdc
ton throughout the whole line of Improvement will be
expeaent to regulate the proceedings of that Board
require that they should specify the
for which they assess damages-and to provide an am
pie and adequate remedy for damages not oreseen
sessed.
The Board of Directors have recommended the pro
priety of appointing agents for the collection ofsubscrp
tons from the stockholders; but the committee OPT
mon, that such measure would throw improper bur.
then andrlsk upon the company and would attend
ed with beneficial results; they therefore recon-
mend the adoption of such measure
ReSorcd, That Committee of seven be appointed by
inc Chair whose duty it shall be- to prepare and present
stockholders asking amendments of the charter i'm ac
cordance with the resolutions adopted this nee ting
Resored That the President; and Directors be request
ed to have printed for the of the stockholders the
proceedings OF each general meetng past present and
to come including the animal reports of the President
and the documents accompanying them.
The report having been radon notion ordered That
the sense OF the meeting be taken the several resou-
tons contained therein, successvely;-and The question
: being upon the first resolution
Mr. Beirne moved substitute in lieu thereof the first
resolution proposed by the President of the Company
After some discussion between Messrs Beirne and
Johnson, the motion Of the former rejected and
the resolution reported by the committee, adopted.
The second resolution Of the committee being ta-
ken up MIR. Daniel explained, that proxy for the
Corporation of Lyncbburg and for several individual
stockholders in that town. he should for the resolu
uon because he understood such be the wish of those
whose stock he reprcsentcd but that when the question
should come up in the General Assembly, he should
deem II his duty, unless bis present impression should
undergo change, to oppose the alteration in the provi-
sons OF the charter which the resolution contemplated
The resolution hereupon adopted
The clause of the Report, in which the Committee de-
cline recommending resort to temporary loans, was
then taken up and after few words Of explanation by
Messrs Johnsom Berne, Early, and Baxter agreed
TO.
The remaining resolutions of the Committee together
the appointment Of agents for the collection of install
mcDs on the capital stock, successfully taken up
and adopted.
On motion of Mr. Johnson, il was
ResOiced, That the President and Directors shall have
power to appoint some of the Directors, who in the
absence of the President may couniersgn the warrants
cf the Secretary, for drawing money from Bank and
That warrants by such Director shall have
the force as if conntersigned by the President.
On motion Of DIR. Bfockenhrough, it was
ReSOiDcd, That the Chairman have until tomorrow 10
select the two Committees this day ordered TO be appoint
ed; and that lie report such appointments when made
to the Secretary, who is requested TO the same
in the public papers
On motion, the meeting adjourned sine die.
Office Of tie James Ricer and Kanaieha Company
December % 1886. :
Pursuant order Of the Stockholders at their late
annual meetng the Secretary that the Chair
thereof has reported him the appointment of the
following Committees, viz
Committee 10 prepare Memorial 10 he LegisiafUre.-
Messrs. Chapman Johnson, George w. Summers Jo.
seph $. James, John r. Lancaster, David S. Garland.
Bernard Peyton and John II. Eustace.