Staunton spectator, and general advertiser. [volume] (Staunton, Va.) 183?-1849, 1847-04-15
Your fellow citizen.
WILLIAM KINNEY.
STAUNTUN AND JAMES RIVER TURNPIKE
COMPANY.

The following is the Act passed by the General
Assembly of Virginia, in relation to the Bill provi-
ding for the increase of the capital stock of the
Saunton and James River Turnpike Company:
BE 1t enacted by the General .4ssembIu. That
the commissioners of elections for the county of Au-
gusta, be and they are hereby authorised and
required, at the next general election for mem
bers OF the General Assembly in said county, to
take the sense OF the ireehodeIs of Augusta coun-
ty ON the question whether the County Court of
Augusta shall, on behalf of said county, subscribe
for stock in the Stanton and James River Turn
pike Company To an amount not exceeding So, 900
and Tor this purpose, said commissioners shall
open poll books at said election and shall cause 10
bc entered on said poll books, in a column to be
headed Subscription the names of those free
holders OF said county who in favor of author
Zing SAID County Court TO make such subscription:
and shall cause t. be entered in said poll books in ano
ter column, to be headed ''No Subscription - the
names OF those freeholders who opposed 10 such
subscription; and said commissioners shall make
due return of said poll books to the County Court of
Augusta at its next May Term.
he al further endcted, That il upon the return Of
said poll books, II shall appear that majority of
the reeholders OF said county, who shall have cast
their votes at said election in favor Of authorZ-
ing the County Court to make such subscription, il
shall be the duty of Said Court, al its May term TO
order the Sheriff of said county to summon the act
ing Justices thereof to attend at its June Term to
carry the wishes of the feeholders of said conn
ty.
he ~ further enacted That the Justices so sum
moned, 4 majority of the whole number i'm the
county being present, at the next June Term of
said County Court shall have power to determine
what amount of the capital stock of the said Saun-
ton and James River Turnpike Company, not ex-
ceeding S23 900, shall be subscribed for on behalf
pf Gal pf md ,I,a - II
the amount SO agreed TO be subscribed and there
upon said County Court shall appoint an agent TO
make such subscription, to be paid in such install
ments as may be agreed upon by said County
Court-or as they may be called for by said com
pany.
he ii further enacted, That for the purpose of
paying quotas on said stock as they may be called
Tor, or the lnstaments Of said subscription as they
may fall due, the said County Court, at its June
Term aforesaid, shall have power, if necessary, to
appoint an agent or agents to negotiate a loan or
loans not in all exceeding $23 900. in the name of
such agent or agents, for and on behalf of said
County Court and said County Court shall at
the same Term, levy on the landed properly of the
whole county Of Augusta, including the corporate
towns within the same, such tax, to pay the a.
mount OF such subscription or of such loan or loans
may be authorized, and the interest thereon. as
said Court may deem necessary and proper-pro-
vlded that such levy shall not, for any one year
exceed ne-fifth of the whole amount of such sub
Scription
BE it further enacted, That annually, at its June
Term said County Court shall have power to levy
upon the landed property Of said county, including
the corporate towns within the same, tax not ex-
ceeding one-ffth of the original amount Of such
subscription, for the purpose of paying the quotas on
SAID stock, or the instruments and interest of the
loan or loans hereby authorized 10 be contracted.
until the same shall be fully paid off and DISCHARGED
BE IL further enacted. That the stock in said
Stanton and James River Turnpike company,
subscribed for aforesaid, shall be vested in said
County Court, for the and benefit of said coun-
ty CT Augusta, during the continuance Of the char
ter OF said Stanton and James River Turnpike
company and said County Court shall have pow
er to appoint an agent to represent the said county
in the general meetings OF the stockholders of said
company, and also an agent to collect the divi-
dends on said stock, which dividends said County
Court shall! annually apply to the reduction Of the
county levy of said county Of Augusta.