Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1855-10-30

Resolved. that the stockholders tender IN Mr. Men,
na their thanks for his able report. and the same DC
referred the Committee ri Thirteen, to report such
mode of attracting attention thereto its Importance
deserves.
JIM. Ruff President of the North River Navigation
Company, presented memorial asking the james
River and kan8whH Company 10 guarantee their
bonds To sufficient amount 10 enable them Ia cont
plcte their Improvement tO Lexington.
On motion. the memorial was referred TO the Com
luittcc of Thirteen.
The meeting then adjourned until :; o clock Wed.
nesday evening
WEDNESDAY,, OCTOBER 81 1870
The stockholders assembled pursuant to adjourn.
nent.
E,port-Mr. TaliaGerro, from the Committee OF
Thirteen, 10 whom was referred the report NJ the
Board OF Directors und accompanying documents, -
presented the following resolutions, which were read,
amended and adopted
Resolved, That the President and Directors be di-
rcc;cd To petition the General Assembly ut all early
period of its next session tn make appropriations OF
oans In the company sufficient Tor the following pur
poses, AMI to be applied us follows:
l>t. Either an appropriation or loan tor tile ln-
provemcnt of the kanawhu river from lis mouth Ia
Loop Creek Shanls; or that the lien nj the State on
the tolls ui the kannwha river may be remiuishr'l
=" IL (" enable the Company To borrow sum sltli-
cien for the Improvement, upon the faith Z" these
tolls.
2,l. For appropriation or loan sufficient TO
pletc the Canal to Cuvington.
sd. For M appropriation or loan To complete the
Richmond Dock and the South Side connections.
lih For un appropriation or loan 70 enable the
Company To pay the note discounted by the Banks
TOR the purpose Of liqui,atns Tie interest upon the
guaranteed bonds Tor which the State was RESPONSE
bic.
9TH. For m additional appropriation or loan for
hc payment Of the stipulated annuity Ia the stock.
holders Of the old james River Company; for In,
payment OF the interest upon the guaranteed bonds
"i the company due i'll January aud July. 1870 aud
1877 and Tor authority to the Auditor ot Pablo Ac-
counts 10 receive the cumpanys bonds for the balance
-! interest n"w due which may be- due 10 the Conn
mnnwcnlh for the last year and for III. next two
years; and that the Board br authorized for these aJ-
preparations Or loans, 10 execute such security
mortgage IL The Legislature lnay require.
Resolved, further, AS M arrangement better for
both the State and the company, that the President
nad Directors are authorized 10 negotiate and mr.
range with the Legislature for conversion "f thr
entire debt due by this company I" the STATE. and
TINT Tor which the State i, bound It's security.
into stock ni the company.
Resolved, That the Board OF Directors bc nutiiuri.
Zc 10 enter mo further Urcc.ncntwtth the North
River Nnvig ignition Company upon the bn-i- of the
agreement brtwe"!l the two companies -: the lG,h o.
June, 1913, Tor Il loan not 10 exceed SJl.OLO.
And You: committee recommend THAI the paper
rcHd by Mr.. kcnna, Of kanawhn, and referred I"
them, he lad upon the table and printed.
Eicct'om "t Ofic"rs.-Un melton "f Mr. Taliafcrro,
thu election nt officers WINS proceeded with.
P,r@dcm.-1'homas II. Ellis was put in nom
nation, ard the vote being taken, he WAS unani-
mrHSy rc-c!rctcll.
observation-disclosures VI. Bondurant and William W.
Boyd, were nominated and re--!.ctel Directors.
Arr0vU's.--A committee "f five, c"n,i>tin. of
Lewis Webb, Thos. W. MrCaucr, Lewis H. Cren.
shaw, Chnr!rs 5. Mills ana Samuel Marx. wa
appointed 10 examine The accounts OF the Company.
And then, IN motion. the meeting adjourned.