Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1836-05-02

JOHN EARLY.
IL o. daanee, psoriding 70 the ra,sing ofu sum Of
Doaty ioap 10 pan fhe Subscription Of N, Manor
and tompnoadhg Of The toien Of Lynchburg. for
'>foeki in hs James Rirer and kanarha Company,
(r,sstp rinnu AIRY z, 1850
Srctian !. BE II ordained by the board of Com-
mon Council iot the Corporation oi Lunch ou,g, IN
Common Hall assembled. fh,t shall be lawful Tor
DAVID u Mntfal', Maurice II. Garland, john Iiol.
Inns, John VI. otcy, Smlthson H. Davis. John q.
Mccm, John VI. Warwick, lohn Early aud Fortuna
tus Sydnor, who ate hereby appointed Commission
ets TOT that purpose 10 RAISE by Of lpan tor the
use OF the Corporation, sum of money. not exceed
In. one hundred thousand dollars.
See. , lie II iulthe, ordained. That ior the pun.
pose "t cilcctine such loan. shall be the duly Of
SAID Commissioners 10 advertise III tho newspapers
of this town. aud such other spapers AZ they may
THINK proportion ~ least six weeks, that they will ut
saeh tnr ana place, ~ they may appoint, receive
sealed proposals FOR the whole OF part # such
loan upon the following conditions, W. The loan
To bear an interest OF sly pen per anun payable
sem annually. Al the office ot Discount and Deposit
III the Farmers Banlt OF Virginia, Al lynchbuts the
principal n,cdeemabe unu the first dly OF January
l5Go, and afterwards At the pleasure of the Corpora
uon-fhat no proposal viii hc received 10, a less
sum than one bundled dollars. the ptoposrr stating
the amount Ion which he offers and the greatest
sum he VIII pay 10, each one hund Ell dolla,a of
stock. Subscriptions 10 be pad the treasurer of
the Corporation for the time being, by instancnts
rs follows ten pei cent. Al the time OF subscribing,
and the balance IN such acquisitions M the Common
Council may call tor, agrccaby to the contract be
tween the parties.
See. ,. BE II further ordained, That any pe,sou
or persons, bodies polite corporate, subscribing
for stock, and failing pay the ,nstalmcnts ~ they
become due and PAYABLE. shall forfeit The Cotpo
ration the sum thcy may nave paid
Sec. l. be II further otdaincd. That the COMMITS
sioncrs aforesaid shall open the whole uf the popo
sails tina, may have hcon received "a the time and
place appointed. and should've determine to accept
any OF more of them they shall ,mmcdl,cl, no.
ty the person or persons boil polite corporate
whose proposals shall have been acccplcd Of the
tact. aud require them 10 conn forward aud comply
with the terms 81 the loan prorded however, that
should the said Comm, ~s,oneIs not receive sastac
tory proposals foi the whor amount hereby re-
quned To be raised. much thereof as will an
swcr the purpose herein contemplated, they may. at
THEN discretion, proceed 10 advertise, before di-
rectcd from timc TO time, until such sum shah be
raised.
Sec. 3. BE further ordained, That upon paw
mcnt OF any instalment of the stock subscribed
for the treasurer shah grant receipt tor the same
IN the following form
E" Corporation cfLpachbwg, dag Of II ,
Received of A. u. - dollars, br,ng thc - in
stalment OF his subscription OF - dollars To the
loan iof the benefit OF the Corporation of lynchbu,g
I. ID. treasurer Which receipt shall bca IN
the nstancn's shall have been paid IN, bu shall not
be transferable.
Sec. u. he II further ordained That on pay mcnt,
by subscriber for stock III the last nmaneni
his, her or then subsc aiptiou the whole OF the r.
ceipts previously given to h hci them shall lie
cancelled the interest due upon them pad, and the
treasurer shall grant To such subscriber intrd scIp
Ion the amour, Of his suhscnIt on, in the following
form
Cooperation % LYnrhbufn, sir per- c,rt Stock Of
1860 No. - BE II remembered, That the
Mayor and Commonalty OF the town OF I,nchnufg,
are indebted to A. b. and - executors or al
innistrators, IN the sum OF - doliays, hcrinp an
interest Of six per cent. per annum, PAYABLE srmi
nualy, At the office OF Discount and Dcposiir OF the
| Farmers Hank Of Virginia, Al Lynchburc, the pm
cipal irrcdccmablc until the LIST of January l56O
and afterwards Al the pleasure OF the Corporation.
according to the provisions OF an Ordinance OF tho
Common council, passed the 9TH day Of February,
. 1876. {. u. treasurer" And there shall BIZ logibly
printed on the margin Of sad scrip. tho following
words: "1ranserable only NJ the Office o the trta
snrcr Tor tho torporation of Lynchburg."
Sec. z. he II further ordained. That tn, ireasnr
~ sha'l enter on book, tobr proydcd aud kept by
HIM for that purpose, account nf all the scrip Is
sued by him ~ aforesaid, and Of all transfers nl the
same. md that all transfers of the stock created by
virtue OF tins ordinance, shall he made either per
sonally BY the holder OF the SCRIP o, b, power Of
attorney ~ the following form: " Know ali men by
these presents. that !, A. Is. of - do make
constitute andappolnt l.. t my true and lawful
'orncy ior me, and IA my name aud behalf to trans
Ter l." any person or persons, -do lars OF SIX per
cent. stock Of the Corporation of I.ynchbnry now
standing IN my name on the books OF the treasurer
oi said Corporation. Witness my hand aud seal
this, - day OF -, ~ Signed \. Il. IsrhLl
1cknomedgcd IN the presence Of III. !. & Il. H.
Which power ol attorney il shall be the dut, of III,
/ treasurer to tiic away and carefully preserve. IL
shall moreover be his duty cancel the old sclp for
tie stock 80 transferred, by endorsing on its face
Transferred To -, the - day of -
II Cd treasurer" Which scrip, so ca ,cecd,
he shall also file awsy and preserve.
Sec. b. BE tlurthcr ordained. That thr faith
OF thus Corporation is hereby rrevocably pledged for
the regular payment Of the interest and final redemp-
on OF the prn pal ottbc debt hereby authorised To
be created.
Sec. Q. BE II further ordain d. that the money
obtained as aforesaid, shall be applied, under the d
rection OF the Common Council, TO the payment of
the subscription of the Mayor and Commonaty Of
the town of Lynchburg in the stock of the James
River and kanawha Company.
Sec. 10. BE II further ordained, That this ori-
nance shall commence and be in force from aud az
tel the passage thereof.
\ Copy-Teste.
y. ROrES, c. c. C..
G = tn, Richmond Wig, Ne,o York Journal o.
commerce, Phitndeiphia National Gozette and Haiti-
f,,,. i.,L a.