Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1850-12-10
PcBLIEHED NJ REQUrsI.
PROCEEDINGS OF THE CITY COUNCIL


Al adjourned meeting Of The Council Of tho Cty o.
Richmond, held Monday, November 25th, 1880
Mr. ROBINSON presented rcpor, from the selsct commit
tee, TO whom referred the resolutions adopted at the
meeting Of citizens the subject OF subscription BY the
city the Virginia Central Railroad and the Virginia and
Tennessee Railroad; and also communication from com
nitee o citizens Of Petersburg respecting the Souhsde
ltailroud
And the first resolution having been amended, and the
blanks therein filled the report and resolutions were adopted
ne follows:
The committee whom referred certain resolutions
adopted meeting Of citizens Of Richmond. held on The
5th instant and whom also referred communication
enclosing certain proceedings Of citizens Of Petersburg
meeting held the 3lst OF October, respectfully submit
the following
REPORT:
The Council If thu City Of Richmond is authorized BY
the Of the city, levy for the execution OF m
powers but those powers do no, extend TO the constructor
Of of internal improvement, in distant parts Of th'
State.
In l533 an act of Assembly passed authorizing ht
Council to subscribe behalf Of The corporation for stocl
In the James River and kanawha Company, SiOO,OOU.
In 1885, II being represented 10 the General Assembly ha
large majority of citizens Of Richmond, qualihed I.
vote for members of the Common Hail. sand owning mucl
part In value OF all the property real and personal
therein desroas that the corporate uhoes shout
make additional subscription 10 tho stock OF e SAM
company act oi assembly passed authorizing suci
subscription.
The council subscribed under these acts for stock
he James River and Kanawha Company s576 500 and un
der OF ls47 for stock in The Richmond and Danvil
sRailroad Company, 100000.
By these acts the council authorized 10 borrow th
lnoncy required effect their object and levy such taxe
they might deem necessary Tor paying the Interest ano re
dcemng the principal Upon the refusal Of citizen 10 pa,
levied under tho OF 1893 and 1885, The question
Ito their constiutonaty raised and passed on by tn
Cour Of Appeals That Court held them to be constitution
al aud valid
Thus although the present charter Of the city may no
authorize the council subscribe for stock in companies in
corporaed 10 effect Improvements IN other paris Of 'h
State il be regarded uaciay established tnat I'M
charter may DO amended BY the Legislature 80 as 10 sv
such authority; and Judging OF the future by The past
probable that the Legislature will make such amend
if il be desired by persons constituting a majority
those qualified 10 vote for members Of The council and own
Ing the greater part in value of the property "i me cy
Whether the interest and permanent welfare
the city, call for amendments OF its charter 10 ihe wre ex
proposed, is question which deserves HE srou
consideration Of the people OF this city, and on WHICH,
TO that the council vested as u i win hr sNer
else OF the corporate powers generally and having hnur ~
and management The funds and reyenes ot the GUY
shouli not he wholly silent.
The certificates of debt Of tho city, now outstanding
Il 00956 nn there remain to be Issued ceri
cates for $4,000 for the balance Of the subscription 10 IN
Richmond and Danvile company aud for s6l'9 10 NEE
what is authorized account OF Tic gas works. making IN
debt Of the city when these remaining ccTh
Gates issued million and y-!ivo thousand sever
hundred and tyenty-fo dollars.
d At present. the income OF The city IS exhausted r paying
the interest lis debt providing in hc ordinary expense
VI lis government, and meeting The cost o slch Improve
mrnts the city yearly ordered. We are doing moth
ing this yea and do not expect To- DC aoe to d. ahyn
the next year. towards rcdcenin the principal Of tho deb
But the hope induged that by taking measures /" pro
circumspecon in expenditures nnd enlarge some
what ;he sources of income might during the year, com
mencing the ls nf March, 1852, and each year afterwards
make small reduction Of the principal; and an ordnahc
4 has already been passed tor this purpose.
ii the subscriptions now proposed or eithe! 9. lne.
made II at be with the understanding and eSpectatioi
that the tuxes will be Increased sufficiently to pay the ine
rest on this addition the debt and gradually cnisn IN
PRINCIPAL 10 leave the present income aprhcaoie
4 other objects
The welfare of a city is promoted merely BY openin
distance for rnde and travel {" IT. II snoau re-
10 rr Ifc,I
con s-nien and attractive. The Judcious use "t sue
tends increase the travel IN he city, ana Inc num-
Der Of those who stop and expend their money 10 H.
tends also Ia Increase The permanent settlers III tue s' m
less this be counteece BY the credit OF the city being III
paired, or BY excessive taxation or some other cause
II behoves the people Of Richmond TO look 10 the 90
ecis be effected BY the subscriptions winch are asked
and whether they likely result In benehts eq'a
lent for the additional taxes 10 be imposed.
or The subscriptions proposed one is 10 the STOCK OF III
company formerly known as Tic Louisa Railroad CoHpa,
but now styled the Virginia Central Railroad Company
This company, a!t"r having made s road from the po
known the Junction to Gordonssie obtained IL 1884,
increase its capital TO extend It's road TO Inc ga
base of the Blue Ridge. In lai9, The Board o Puoii
Works authorized to railroad to connee
with the Louisa rulroad al or Blair PARK, IN Aoenar
beng the base OF the Blue RIDGE nnd 10 eSten
thence including tunnel through the Blue Ridge To- pom
Waynesbornugh and for this purpose tne boar
empowered to borrow moi exceeding slOoouo III on
year. In consideration of the OF this road through u
ridge the Lonsa company is TO pay into the treasury,
each passenger and ten cents for each parei
flour carried through the tunnel and ten per cen on III
companys charge for transportation Of each ton of oauc
and merchandise, except gypsum Al the same session
the Legislature the capital stock Of the Louisa conpin
was authorized be increased s150O00 for extending IN
road from the terminus Of the railroad aud luIn
| to Stanton.
In January 1885, an act passed authorizing the Louis
company increase lis capital stock s7O0O0 for ex'endn
its road from Siaunton point Covngton IN
providing fora subscription behalf Of the Stale OF
for each 100000 subscribed BY persons solvent and able
pay until tho whole OF said increase Of capital is made NJ
fharo a3 rh
name Of the Louisa Railroad Company 10 the Virginia Ger
nl Railroad Company and authorizing the guaranty OF N
Sn,e upon The bonds OF this company, Qor completing
100000 after The company SHALL in binding FORM pledge II
nett profits for the punctual payment Of ,he nere
Of those bonds and also the mortgage or pledge 10 10
II Roard