Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1836-03-17

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NFAssf' FEBRUARY ,, lo3o)
'',iW /, lie IT ordained by the Board al Com
mon o"htl Lon the Corporation ot l.,nchburg, IN
common Hal assembled. That II shall be lawful Ion
p"'u c. Melell Maurice II. Garland, John llol
ms '"hn VI. oirN, Smlthson II, DAVIS John g.
"erl'', '"hn VI Warwick, john far, and Fortuna
'oN 0Ndn"I who mc hrrchs appointed Commission
els 'o ,ii purpose I" ralsc, by WAY OF loan, ton the
'se "i ile ofpoiatlon, sum OF money not exceed
my one hntdied Thousand dollars.
sec. :, lie II laI,hel ordained, That Tor the pul
pose ui eiiectng such loan, II shall be- the out, Of
SAID commissioners to advertise IN the new slapcl>
81 inns town, and such other news papers rs tie, may
lhlhk proper lor nj least SIN weeks, that the, will
Al such time and place, they ma, appoiHt receive
sealed proposals Ton the whole ~ any PAN el such
loan upon the following conditions, viH The loan
to bear an interest of per cent, per auuun pava
bic semi annually. at the office OF Discount and he
post OF the Farmers Bank OF Virginia, n lsnch-
burg. the principal lcdcenabc until the FIRST ,,>
OF January, lS6o, and afterwards at the pleasure Of
the 'orporatlon-Ihat no proposal will be received
tor less sum i4an one hundred dollars the propo
ser stating the amount ion which he offers and the
greatest sum he will pay tor each one hundred dollars
OF stock. Subscriptions TO be pad to the treasurer
ofthe Corporation ion the time beng hv I,taIncats
follows: ten per cent at the time of subsc,bup
and the balance IN such acquisitions MS the Common
Council may call Tor, acIccahly To the contract be
tween the parties.
Sec. 3. Be II iuuhcr ordaiued That any person
or persons, bodies polite Oh corporate subscribing
tor ock. and falling To pa, the lnsralmrnt, as they
become due and payable shall forfeit to the Cotpo-
ration the sum thcN may have pad
Sec. j. BE II lllr,hcrord,lned That the Commls-
1in I.1t H.,
sails that may have b,cn received at the time at
place appointed, and should the, determine to accept
any one or more of them. they shall Immediately
notify the person OF pcrso's, bodies polite colpo-
rate, whose proposals shall have hcru accepted of
the fact, aud require them 10 come iorvI and COM
ply with the terms of the loan: llor,dcd however.
thai should the saId Commissioners not receive sa-
tslactorY proposals for the whole anuuut hereby
qnucd t" bc faised, much rhrrcoias will answtr
the purpose herein contemplated. they may, N lher
discretion, proceed to advertise as before directed
from time TO time, until such sum shall be- raised.
SEC. =. lie II further ordained That upon pay
meni "l any nstamcnt OF the stock 50 subscribed
'or' the treasurer shall grant areeept for the same
III the following form
Corporation 81 IynchbWg, doyof II
hrceiNrd Of \. u. - dollars, belnC the - in
'talmeut q" ms subscription OF - dollars, IN the
loan torthe benetlto OF the Corporation Of iNnehbug.
d. treasurer Winch receipt shall bear an III
ercSt OF slN per cent. per annnm payable when all
The mNtamenis shall have been pad IN, bur shall not
De tf'nNitidhe.
''t'' " De ihtIh'i ordained, lhit ON pay tnfni,
y any subscriber Ion Stock OF the last InNlalment on
us her or thell subscriptions the whole oi the re
.epts previously given 20 HIM, her OF them shall he
'dncellcd, the interest due upon them paid, and the
treasurer shall grant to such subscriber printed Selp,
OF ne amount o ms subscription, IN the ello"lng
om;
Corporation o. LynchjWg, SIR per cent. Stock Of
SEQ, No. BE II remembered Thai The
Mayor and tommon1ity OF the town OF Iynchburg,
ne indebted to Alb. aud - executors al
illustrators, III tue sum OF - dollars, bearing an
interest OF sH per per aDnlm, payable sem
luay, at the office OF Discount aud bcposile Of the
faf nicr, Bank OILY Igiuia, al ynchbmg, the pm
opal nrdeemablc until the lstday of January l66o'
md afterwards al the pleasure OF the corporation,
according to the provisions OF an ORDNANCE of the
Common Council, passed the 9th day Of February,
$50. &. u. ueasurcf' And there shall be lealbly F
printed, on the margin OF SAID scrip, the following
words TRANSFERABLE only At the office Of the tfea-
urer for the Corporation of Isnchburg."
Scc. l. BE II further ordained, That the ueaslf-
Il shall enter Il book, to bc provided and kept by
nm for that purpose an account OF all the scrip Is
,ued by HIM as aforesaid and of all transfers of the
same and that all transfers Of the stock created by
firtnc OF this ordnance shall be made either per