Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1837-06-22

Tn communication WAS Ilid on TIE l''I', ana 81
dcfed 10 br printed.
THefiay, Jane H..
Nj Muulaueh. rom Select Committee report
81 a bill TO arucnd the act cacd - IN act to autho
ne the Board OF Public W ori,- subscribe To t,,o
hdh, ol the increased capital soel otthe Portsmouth
and Roanoke Rn Road Company, passed Mnch
/ II. lr37
Mr.. NAV, itomti,e Select Comaltlco on thcsub
lrel. II loucd bill concerning Tie Exchange Bauh
/ at Virginia.
The following Is a copy Of the bill
BE II enacted hS the Grurrh Assembly, That II
shall be lawful lot the Stockholders oihr Exchange
Bank oi Virginia 10 pay ior the ~hnrs at 7t"th sub
senibed bv tIlcm the following msllin" MS instead
o those now rcqnifed-len dollars On tarh share III
thirt, da,~ after liz, shall ~ general meeting hHe
accented the PROVISIONS Of tins act aud the further
sum ol ten dollars each share every month llete-
after until the whole amount shall b. pad aud II any
,tockholdcr shall tail to pay the am lnt {" the lcq0i-
sltlons aforesaid Tor the space ol len day htri III
period When the same shah become due, Ia shall b
bound 10 pay legal interest thereon llonlthc daN when
the same became payable; 10 hr recovered IN the
mode now provided by law.
And be il further enacted, That II sld bee lie dp-
~ Of the Directors ot the SAID i'1nksto cause books
oi subscription for stock to he opened ~ the 10
ranph of Norfolk. IN the Guy oi Richmond, aud III
the towns of Petersburg and Clths,c, within one
month after the next general meeting ui the STOCK
holders and the same shall be hept open Ion The
space OF one month at least, unless the whole ol the
remaining stock be sooncrt7kcn and the Subscribers
for such sroth shall have the benefit I'll the provision
OF this act.
And be it further enacted, Thai until fifteen rliou-
sand shares of the stock be taken tie capital assigned
to The Banks and It's branches shall be- soapportonrd
as that the capital al Norfolk, when all the actual sub
scrpiois shall have been pad up, shall be not less
Than 500 900 and the residue oil the amount slbsc-
bed shall be apportloncd among the h'anrhrs, 81 A.
IN allow our-sxth 10 Chrks HE aud the Other fise
siNths TO be equally divided between klehnl1ad and
Petersburg.
And be ii iairhcr enacted, That III case the lfea-
,urcr shall be unable 10 procure specie TO pas the a
mount of the communicative subscription iol ilr
,to, Of the said Bank it shall be lawful lol the Dfec
receive therefor such drafts rs he may be able 10
furnish from the Treasury OF the ntcd States, al tbs
States prouortiou of the Surplus Rrpenuc; provided
thai morning. herein contained shall be 50 construed
a, 10 empower the sad Bank To commence operations
nh les than three tinhs of the capital stock III Sr-
cr actually III its posscssl"n
And be il further enacted, That the lr 'a'ilrf 81
thr Commonwealth shall make the subscription "llIch
he is required by law make on "ili OF the Nt'f
whene, or the subscription book s1l be presented to
HIM for that purpose either by the commissioners oi
directors m the sald Bank.
This act.shall be IN force from aud after the pas
sage thereof.
Mr. Smith Of Greenbrier moved that the House
take up the petition OF BeIdcn, Walker Co.,, stage
contractors, praying authority TO ISSUE sinhl bus OF
notes.
The House refused, by decisive vote, to take up
the petition.
MIR. Harrison offered the follow g resolution
Resolved. That the Select Gomnptcc ON BANKS
-. farm,