The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1853-02-03
LOCAL MATTER s.

CRY COUNCIL. There was a called meeting o,
this body held at the Chamberlain Office at four
o'clock yesterday evening" to consider the applica
ton of the Richmond and Danville Railroad com
pany for the immediate payment of the first in.
stalment of $4,000 of the sum of $4,000 sub
scribed by the city to that company, and to tx
early periods tor the pawn ent of the remainder OF
the sum voted. Present: Messrs Hill, Ale n, Nc.
Canoe, Saunders, Darlington, Denoon, Scott Mi lis
and the President, i.r. Myers.
At the last meeting of the Council, the aforesaid
application was made by Mr. GifJrd, vics Presi.
dent of the Richmond and Dauve Railroad com
pany. Last evening, in behalf of the committee OF
Finance, to whom the application was referred, Mr..
Hill made the following report
The communication from the COMMITTEES to
whom was referred communication from F.
D. Clifford, as Vice President of the Richmond and
BenviIle Railroad, report that upon subscription
for shares in said company, the Obligation is only
to pay as requested by the President and Directors
There being no such requisiton before the COM
mittee they ask to be discharged from the further
consideration Of the communication The com
mi,tee was accordingly discharged.
The President then laid before the Council the
following communication from the Presiden, and
directors OF the Richmond and Danyille Railroad
company:
Office of the Richmond aud Ddnouls Railroad
CompdRg-At called meeting of the board of di
reetors of the company, held on Monday, January
3Ist 1853 the President having informed the board
that al the las. term of the County Court of Pittsy
vana, mel orty of the justices Of the county being
present, order YVES made appointing the Chief
Justice OF the county David Il. Clark, Esq } an
agent to subscribe on behalf of the county for
$1,000 of stock in the Richmond and Danvle Rail
road company, (Which he had done,) and had like
wise appointed the individual an agent to ne
gotiate loans for the purpose of paying for said
stock, With authority to pay the whole amount at
one instalnent,
On motion of Mr.. Crane, therefore,
Resolced, That said subscription and payment for
stock be and is hereby accepted by the board, and
further,
Resolced, That the Council of the city of Rich.
mond be req Tested to pay under the recent sub
scrption of said city to the capital stock of This
company, the following sums at the dates respec-
lively mentioned viz $4,000 on the lat day of
February 1858 $4,000 the 18th day of Feb
ruary, 1853, and $4,000 the lst day of March,
1853.
Extrac: from the minutes
P. VAN DEURsEN, Secy.
THE subscription was for $50 ,0O0 bat in accord
ance with the company's regulations the sum of
So was paid upon each share of the capital stock
at the time the subscription made, max ing the
amount of $1,000 already paid, which, added to the
1000, of filed the original subscript ton
The President stated that, as the County of lit
sylvanis had thus authorized the immediate pay
ment OF their subscription, the CouLcil were now
called upon to fulfil acquisitions for the payment
of the $4,000.
On motion, the sum of $40, 900 was authoriz lied to
be paid, the sum due on the lst of February the
sum of $4,000 on the 18th inst, and the sum of
$1,000 on 'fie lst of March, thus complying with
the acquisitions.
The Council then adjourned.