Martinsburg gazette. [volume] (Martinsburg, Va. [W. Va.]) 1833-1855, 1838-04-11
MARTlNsBURG AND WINCHESTER
ROAD


/ The following is copy Of so much Of the act
which passed the Legislature ON the 9th ut,
making appropriations for the Winchester and
, Stanton Turnpike, and for other purposes, as
relates TO the road from Winchester to Martins
burg.
BE IL further enacted, That for the
purpose of constructing Nc A damlZed
road from Martinsburg, in Berkely
county, to Winchester, it shall be law.
ful to open books for receiving sub.
scrlptions to the amount OF Sixty
| thousand Dollars, in shares oftwenty.
i five dollars each. The said books
shall be opened at Martnsburg, under
the direction Of Elisha Boyd, Philip c.
PendIeton, Isaac S. Lauck, Tilolson
Fryatt and John X. Wilson, and the
SAID commissioners or "a majority oil
them shall have full power and author.
! lty, TO open such books ut such time,
and continue them open so long as they
shall think proper; and also to cause
books to be opened at such other pIa
ces within the county of Berkeley, for !
the purpose Of receiving the said sub.
scriptions as they shall designate, and
to appoint suitable persons to superin.
tend tire same. When shares to the !
amount Of Eighteen Thousand Dollars
shall have been subscribed, the subscri |
bers, their executors, administrators !
and assigns shall be and are hereby |
Incorporated into a company, by the |
name and style of the " Martinsburg |
and Winchester Turnpike Company"
with all the rights, powers and privile.
ges, and subject to all the restrictions
and liabilities herein given to, and
imposed upon the aforesaid "Vallev
Turnpike Company"
BE 1t further enacted, That so soon
as shares 10 the amount Of Irelue
thousand Dollars shall be subscribed
and paid, or secured to be paid, the
board of public works is hereby au
thorIzed and required to subscribe on
behalf OF the commonwealth for a
number of shares equal to Eighteen
thousand Dollars; and as often as
additional subscriptions to said stock
shall be made, by persons other than
said board, and paid, or secured to be
paid 10 the said amount of Treble
Thousand DoiLdrS- - the said board is
authorized and required to subscribe
! as aforesaid, the further sum of Eth.
, teen thousand Dollars, or in like pro.
$ portion to the subscriptions by persons
F.; other than said board, until the whole
r amount of capital stock of said compa.
0 ny shall be subscribed. And the paw.
r ment Of said subscriptions by such
! board, shall be in like proportion, and
: at the same periods, with payments Of
d all other subscribers.
/, BE it further enacted, That the
r board ofpublc works be, and they are
c hereby authorized to borrow such sum
c or sums OF money as may be necessary
5 to pay the subscriptions hereby author.
I lzed to be made, according 10 the
4; provisions of any general law which
: may be passed by the present General
s Assembly but if no such law be
! passed, then according to the provisions
ofthe law now in force, provided that
t the board of public works shall not
. be at liberty to borrow the sum of
money necessary to pay the subscrip.
, ton OF the state to the stock of said
road at a rate of interest exceeding
hive per cent. per annum, unless
: otherwise authorized by law; and
, provided, moreover, that the right is
hereby reserved to the Legislature, to
regulate the tolls on said road from
time TO time, IN such manner as they
r NAV deem exnnd;ept
This act shall be in force from its
q passage.
r The foregoing is a correct copy Of
lhe oc' entitled "an act to provide for
, the construction of a road from Win.
: chester 70 Staunton, and for other
| purposes" passed March oath, lsas
Given under my hand this 9th day
March, 1888.
! GEO. w. MUNFoRD, C. II. D.