Lynchburg Virginian. [volume] (Lynchburg [Va.]) 1829-185?, 1849-05-10

Office gfLhc LycLbarg and Tennessee
RaI Road Company.
April 5Uth, lSi9.
r. the Stockholders Of he L%ynchburg and Tennessee
Railroad Company.
GENTLEMEN:
III obeJIeuce tua resolution, adopted at your annual
meeting in November last, | delivered to the members
elrct from Campbell County to lie House Of Delegates
y.ur memorial q the Legislature. asking that the State
vunid subscribe for three ttths OF the capital stock OF the
Company. with tho request, that the same should be pre-
SanteI t, the House at the earliest moment practicable,
which was lne accordingly, in compliance with your
express wishes. and have the pleasure now 10 inform
the Stockholders that a DiII has raen passed by tile Cen
cral Assembly emitted IAN act authorizing a subscrip tion
WI me Commonwealth To tlc s'Ork VI the Virginia and
Tennessee Gajlrad CoapanY.' which is herewith sub
-nDiied tor your consideration, A. to the ~proprieiy u a.
d'rl"g the act ln ls present shape, as an amendment Y
yUur original charter.
Having received d certified opv Of the Law from the
Keeper otthe Il .Is, some Short time since, upin a care
iI examination Of tne act was vcry much surprised Y
iHi tnat an accidental error hai occurred in The second
section ot lhf Bill. 5il which will, no doubt. b. prompt
Y corrected un application tj the Iegj-l9tuTe. at the ey-
ira scssl n, M IA held In q very short tine. rs n1 manner
uI doubt can ~. III d moment, entertained that 1t was
ihe n.eHt0 nj tue Legislature tO authorize 2 subscrp-
t"n on The part IF the SJat",n accordance with the prayer
n your penloa,fo r three titths oftie Capital Stuck ofthe
Company.
hher much deliberate reflection, aha mature consider
H''n q the 81 jert now TO b. acted IN by you. the Board
are decidedly VI the opinl1n. that. although the law II
h9! ~ait1ge;her such q they corid have desired yet. be
iE fully satisfied that under all THE attending circumstan-
Sis. and many attending 4 ificu'ues encountered in the
Tasageof tile ac' it was All that could w procured at the
present lime. They have. therefore, deemed il e~xpedient
10 advise the acceptance Of the act, aud thai a petition be
made 70 the Legislature at the extra session, asking that
the error IN the bill We corrected. 81 a. to make the sub
scrIPuo1 mr tbs Safe to be three ffths Of he Capital
Stock IT tie Company. Is it was obviously intended to
have been madt-aui If any portion Of the law may here
after 5e found oas!0uS Or Objectionable in marrying Oh! and
completing the great National Work, the B ard feel CON
hit1t that such relief viii always be readily granted by
tae Legislature AZ will be Just and proper, and tile pab-
lie interest may require.
lhc hrs; section VI ihe Bill it Kill Be observed. merely
changes The name and siyie Of the Company, To be hence
forth called the iygliia AND TESyEssEE RAIL ROAD
COMPANY, and does not, In any banner, affect any OF he
provisions Ut your charter. not any proceedings. aclinrs.
SIR d'ingS u the Company prior to The passage # The act.
lhe second section provides tuTlhe Safes subscription
M tAe capital stock Of the Company, and is the section to
which your attention hrS becn called. The original sec-
'Ih, \ dawn tvmls,l ii. provided 'iat When fyl thu.
-'ai sI'Fes should Have b.eH Subscribed, Ivy persons ether