Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1854-12-18
James Rive aud Kanawhs Company

Til. Company continued their meeting at
their { flee on Wcdnc .day night, Col. Geofgr VI.
Darlington reruning the Char. and Nn. L.
Mnnford, F-q., acting a. Secretary.
The Secretary. after calling the roll, reported
the whole number of votes 10 lie 1861. Nceea-
,ary to quorum 6-il. Present, G,si5
Mr. kenna If kanawha from the committee To
whom was Ieferr the report at the Board ot
Directors, and accompanying documents, maaf
the following report:
The committee to whom were referred the re
port of the President and Directors and the ae'
comparing documents, have had them uhdrf
consid, ration, aud recommend the following reso-
luiion- 10 the Stockholders for their adoli"n:
Resolved That the President and Directors
be requested to apply 10 the Legislature for the
passage of such an act will supply the osn 'sionS
IN the act Of the Sd of March, l75l pointed ootln
the report Of the Board
Resolved, That the tariff of tolls on the East
ern and Western Improvement be referred t" the
President and Directors, with authority 10 make
such changes rs they may think proper with II
view 10 the increase of the company revenue
Resolved, Tint the President and Directors be
authorized To borrow MONEY, not exceeding one
hundred thousand dollars, for the purpose OF I'M
proving the navigation of the kanawha River, To
be expended with view to the completion OF the
improvement hereafter. Aud they are further
authorized To pledge the whole or any part OF The
said river, So far as the same may be done con
sistcntly with the obligations OF the Company /"
the Commonwealth.
Resolved, I hat the Board of Directors he nn-
tholized to pay the interett thot will be due on
+ lst of January, lS15, upon the guaranteed
bends of the Company, out of any money that
may come in the treasury of the Company.
Resolved That he proposition submitted by
Mr.. Kcnna of knnawha, 10 fund the debt OF the
Company, reduce the par value OF stock, and
provide new stock for the completion OF the Com
pany's improvement to Govington aud tor the
improvement of kanawha river from It's mouth,
be referred To committee of i've, to be appoint
ad by the Chair, with authority to consider and
digest the said proposition, aud to report to the
next meeting OF The stockholder'.
Resolved. That the Board of Directors be au-
thorized in lieu of mileage, to provide the neees-
sary means for conveying them along the line
when going To and returning from the meetings
in l.ynchbarg and Buchanan.
Resolved. That the amended resolutions adop-
ted by the Board Of Directors, since the last an
nuul meeting, be approved and adopted.
The above resolutions were passed, seridt,nt.
by large maorities. The second resolution I'm
regard To- chnngc in the tariff of tolol was op-
posrd by Mcssrs. Clifford and Judge Robertson.
Mr. kenna Of Knnawha, explained the resolu-
ton. 1t WI, not designed rs instructions to the
Board Of Directors to reduce thu tariff of tolls,
but to place the power in their hands 10 act as
they may hereafter deem necessary for the good
of the Company.
ELECTION OF OFFICERS. Col. / hos. H. Ellis
was unanimously elected President; and Messrs.
| Thomas NJ. Bnndurunt OF Buckingham, and VIM.
| W. Boyd, of Buchanan, were elected Directors.
On motion Of Mr.. Kcnna, the meeting then adj
iourncd, sine die.