Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1847-04-08
$4,000
A BILL.

To increase the Capital Stock Of the Staunton and
James River Turnpike Company, for the pur-
pose of Matchmaking their Road
l. BE IL enacted by the General .assemblv. That
the Stanton and James River Turnpike COMPANY.
for the purpose of Matchmaking their road, be and
they are hereby authorized To increase their capta
stock by the additional, sum of one hundred and Sc
venty-flye thousand dollars and Tor that purpose it
shall be lawful for said company to open books for
receiving subscriptions to that amount to be diyi
ded into shares OF twenty five dollars each The
said books shall be opened at Staunton in Augusta
under the direction Of William Kinney, James
Points, John b. Breckenridge, Thomas j. Niche
William M. Tate, James Bell and William W.
King. or any three of them; at Scottsville i'm AL
bemarle, under the direction of John TYLER
Matthew Blair, John s. Martin, Edward Moon.
n. Garland, and Col John Coles, or any three of
them and in Richmond City, under the direction
OF Fleming james. Bernard Peyton, n III. Rag
land, John A. Lancaster, VIM. III. Mcfarland and
Joshua j. Fry, or any three of them and ct such
other places as the first named commissioners or a
majority of them shall deem expedient
K lie IL further enacted That when two-fifths
OF the whole number of shares shall have been Sub
scribed, the Board Of Public Works are hereby re-
CURED ON behalf of the State, to subscribe the re-
naming three-fiilhs one-ifth of such subscription
payable when 1t shall be shewn TO the satisfaction
OF said board that oneffth OF said money has been
paid In and the remaining four hs of the States
SUBSCRIPTION payable in like proportion with the sub
sequent payments OF private subscriptions Proyi-
ded, That said subscription of the Board of Public
Works shall be made on the terms and conditions
prescribed by the act, entitled 'an act prescribing
certain general conditions which future subscrip
lions to the capital of joint stock companies shall be
made on behalf OF the commonwealth passed
February the eleventh, 1882 and that the sub
scriPt'ons aforesaid may be demanded if the stock
holders IN general meeting SO determine, in one.
two and three years
.. Be ii further enacted, That the Board of
fuoiic works De and they are hereby empowered.
aS soon as may be necessary for the purposes herein
declared, TO borrow on the credit of the State from
time TO time as 1t shall be necessary, sum or sums
OF money not exceeding in all one hundred and five
thousand dollars, and at rate Of interest not ex-
ceedlng SIX per centum per annum; which monies
SO borrowed shall be paid into the Treasury, and
the interest thereon provided for, according to the
provisions OF the act passed April the ninth, 1888,
entitled an ''an act providing for the negotiation of
ioahs ior purposes OF internal improvement ;" which
act, as far as It's provisions nav be consistent with
those OF this act is hereby made part of the same
q. he II further enacted, That the President
and Directors OF said company shall have authority
10 after and change the location of their present
road at such points along the same as to them NAV
seem expedient and in case of such change and
ditelauon, Where an agreement cannot be made
with the owners OF the lands over which it is pro-
posed to make said road, the said President and
directors shall proceed to condemn the same in the
MODE prescribed by the act entitled can act pre-
Scriolng certain general regulations for the ncorpo
ration OF turnpike companies" passed the seventh
day OF February, 1917: Prorided, That the COM
Pany shall be at liberty TO dispense with summer
or side road to their turnpike wherever they NAV
deem 1T expedient to do; nor shall they be com
PEELED to make the said road more than 22 feet wide
~ feet whereof shall be paved or M'Adamized moi
less than nine inches thick, and that grade of said
ROAD Shall no where exceed three and half de-
grees.
8; BE Hftrther enacted, That the present stock.
holders OF said company, in general meeting, shall
appoint three persons, and the subscribers 10 the
new s'ocK' so soon as ono fifth of the whole shall
DC GUY made, including the State, shall appoint g
o'hel persons ana the said six persons appointing
seventh the whole number of seven shall consti
c su'e BOARD, whose duty it shall be to estimate,
larry ana lnPartlaly, the market cash value of the
oiu S'Vck OF said company and thereafter in all di
yIoendS 70 be declared by the company, and in all
woes and other representation of the stock in the
meetings OF the company, the old stocks shall be
deemed and taken as worth the valuation of said
board. The said Board shall make out and sign
Implications of their said valuation, of which
shall be enclosed to the Board of Public Works and
the other to the President and Directors of said
Company to be preserved by them respectively.
g. This act snail be in force from its passage.
IsJ- The report of the re-capture of Mdshipnan
Rogers is said to be unfCunded.
The Wing State Convention in Tennessee NOM
81 -or NciI IL 4