Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1847-05-03
VOL. XXV.--NO. -

teen hupd and thirty SEVEN except ~ far a. the p,s
visions herein contained, and except also tha said e-
pany declare dividends Of all its nett PR : Pro-
rided Thai il shall not nj any ,me sny form, mako
dividends Of its capital soek. And PrVrided. sss, that
the tolls of the said Company sa, not he under the
lfol of the Board of Public Works
The SAID company shall lie authorised TO Lcate Law
out and copslruc, raoad iron the City of Rict,non,
IN the south side Of james River. some yor, on lhs
Ohio River brlnw the mouth u the Great Kanaw
River. by the mos eligible rather than the immedi.
ate vail III the james River below ynchl ufe. said rus
IL be hereafter dr rmnrd hy actual surveys under tia
direction oi tho s7id commny Porded ho,re,er That
said r,ne shai not interfere with The line which tho
James II yer and kanawha Company iy is Presdru,
and Direct IA shall have indicated l. The Bard ofp Bile
works as the line d said company, impr WI 81 ~
ynchburg Within three months after notice from the
Redmond aud Ohio Rail r Jod Company. TINT il is in
cscd with the cfp rate powera created nv this act
And. Profded. That the restriction herein contained
IN relation 10 the vail, Vi the James R,rr. sla not I've
construed To prevent the said railroad rm or sslnp
To the north sldo Jane. River above Lynchburr
IN such manner 80 mol 10 interfere with the JAMES River
Canal. with the line of the James River and Kansw.
ha Companys Improvement to lie indicated as asore-
aad.
). The capital strk Of the said company shall IA
twelve ;nons Of dollars AID sla be divided into share,
Of hundred dollars and shal be deemed personal pro-
petty and transferable the pryided In the r,-
| Visions oil the general act herein BET re CIT J.
4 The sa mpany shall be- auth zed lay ont their
said road Of such width IA 0cy hall diem cxped s,
MT exceeding in width through the whole cxcn Of Inc
line hundred feet except whore greater width may
be- necessary order 10 obtain ~ar,h gravel Stone ard
h,r materials Tor the proper construction and preserya
ton u the said road And IN construction of the said
+ al. the said Company shall commence ia works Al
that point AT or above lynchburg which the rad shall
touch m,ist nearly approx nan tho james RIVER and
lie completed 10 lis western termination, fore the cas-.
portion Of 1t shall he comm,nced or the company
may nj It's discre H. ctnmcncc It's work OF tie paint
above ndiea,ed and AT hr western terminus Of tie rad
iIp lime Ia Ia In
said.
s. Il shall and may be Lawful for the sad cumrsny.
from time 10 time To appropriate espend such rio or
portions Its "apalsock may be deemed capeJisn,,
exceeding any time third Of the amount &c
tnay paid and not exceeding, N the aggregate tho
sum two millions ofdolars IN the purchas Of PROPERTY
Other than such may c neccssa, for the construction
and preservation Of SAID road, ft the general phftsse of
buying, s.uing, and improving unsettled and waste
lands u the Blue Ridge in this State ami for tho
establishment and carrying on If manufactures IF iron,
WOOL cotton mud other Articles, and Tor thu purpose Of
mi ming for cou iron, and lead. but the said compary
shall exercise any bankng privilege under ptnalty OF
loriug It's charters and i, shall not appropriate. under
PAIN Of foeiing It's charter. any porSlon vi al 70
mining OF manufacturing purposes until the w-s'-rr
lion Of the rad has been completed, indicated tho
fourth section Of this act Prorided The privilege CIV
the company by tins section shall not extend To-
yund twenty miles from the line OF tho sad road and
Prorded no, more than six hundred thousand dollars
shall be invested by said company in TIE purchase Il
Iaud
&. The said conp,ny shall have the power Of co.,
slricnC such late al railroads branches from the nlaa
liue Of ne said road, not .Xcctding in length in any
instance twenty miles: Prmidcd such lateral rilr A.s
do not interfere nth any EXISTING line Of improvement,
railroad canal Of the State. of any 9TH lersoo u
company and, Proridcd. also. That such lateral ust.s
be constructed solely branches OF the main rad ard
facilitate the manufacturing or other operations Of tho
sad compsny: aud, PrGrded also. That the State may
ha We the pyil,ge nj any time hereafter u forming ota
il,usl Aen the maj line
Of liz branches and any state railroad canal in such
manner interfere with the line Of bunehss
Of the said company
T. The persons in the frs, section Of this act, and J.
! j Fry, Sampson Jones' john L. Ta,r, James Dosh.e
Bernard Pryon. George NJ. Carrin ton, Joseph X. An
derson Of Richmond. Samuel d. Campbell. Na,hsn
Smith, Dan Marvin, W. &. Moves, of New York; r.
b. Dean, }. q Mccm, ]. II. Mcdaniel. of iync.burr;
r jackson, IT, {. Pratt, II B,ston A. w. Quarr:e.
l.. Carr, b. Chiffon, q. Charesto~n, Va, j. laidly, j.
llol,rby William Burlington, Of Guyandotle James
VI. H. bcae, Henry Fisher. Peter IL. S,eenbergcn Of
Point PHEASANT kcnton Harper. " ilum kirney,
lh mas l. NJ chic, Alexander H. II uatt t Stanton;
Samuel prce. Edward u. Bailey. Joins,n Reynolds,
William saith, Henry T.. Ersklne Of L-wisufg; shall
/ b Commissioners, wh,sc duty shall b., whit six
arr tie passage If this act, suitable place
the City Of Rlchnond and in such other place ct
places 'hry may chose drsgna e, and upon such
such public notice Icing gwen they think proper
open hooks under the SUI crinenden'e Of or l 70
# them tr the reception 1t suscrip' 10 the CAPT al
/
f.rh part of the capital stock shall have teen sui scri-
bed. the sad COMM, soners shall upon giving a,
least twenty days nice III newspapers pub
lshed IN each Of the places where tho books for sui rip
ton Of ST. ok shall have been OPENED, call citing u.
the stockholders al such time and place The sad ON
mssloncrs shall appoint, for the puTp of choosing
nine D.rctors, and such election shall c then and there
made by such o the stockholders shall attend for tina.
purpose, cher in pcIsnU by lawful proxy, each share
Of the capital stock eIxtng stakeholder to veto
and the said commissioners, orany partuf them who NAV
be present for such purpose, shall be Inspectors Of tho
first election Of Directors If the said Corporation and
shall certify under their hands tho names of THESE duly
elected aud deliver the books nf subscription tho
Directors chosen. And tho and place Of huidng
the first meeting of Directors shall be fixed by the said
Commissioners AT which meeting the said Directors
shall choose Of their number, President and Vice
President, which Directors. Prcsiden, and Vice Presi-
dent, shall thereafter be chosen annually and shall hold
heir oiic until their SUCCESSORS be appointed.
8. The said President and ID recors shall have
thory To appoint one or more agencies VI ards ct
Trustees, to =. u, such number of persons they
may deem expedlent, VIII duty shall he 10 direct and
manage the business Of the company other than that
which may be Immediately connected with the operation
of the nan rail road Of tho said company. and said agents
or trustees may make semi annual repprs to the said
Directors, Of the business OF the Company entrusted n
them respectively often as and when the said
President and Directors Of the company may require; and
the said agents and shall hold their places under
such regulations as the said company may prescribe.
9 The capital stock of said company shall be exemrt