Lynchburg daily Virginian. [volume] (Lynchburg [Va.]) 1852-1861, 1856-03-29
nr.ft. Of the Roa1d Of Public Works.


We annex acopy Of the important act recent
10 passed hy The General Assembly, authorizing
nm exchange of certificates OF State stock Tor the
unpaid drafts of the Board ofPubllc Works;
.Wbereas. tho Board of Public Works has al
lowed and given 10 various persons drafts on the
internal improvements fund on account "f work
done ON the States road and improvements ana
on account Of the States subscription to the cap,
itaI stock Of joint stock companies for Internal
;mproyement; md whereas. when there was no
money in the Treasury applicable to the payment
of such drafts the second Auditor has by The r
der of the said Board endorsed them as payable
when in funds with interest or other equlvaleni
words: now therefore. :,
/ Re it enacted, &C., that the Second Audi
for be and he is hereby authorized to issue GER
tfcates of the six per cent. stock OF the regis
tered debt Of the State in tho manner prescribed
bv law. and to exchange the same for any OF the
aforesaid drafts which may have been allowed
be fore the first day Of February 1856. He shall
allow interest on all such drafts from the date of
their endorsement by him whether they were
en,lorsed as payable with interest or not: and he
shall give 10 the holders certificates OF debt equal
10 the amount due on the drafts held-princpal
ami interest: but no shall not issue any such
certificate for any sums except SlW). ana the
snpltpes Of one hundred dollars. If the amount
held by any person is not such sum then ne
NAV receive the said certificates of registered
debt upon paying into the Treasury the differ
ence between the amount due on his drafts. ana
the par value of such certificates.
{Ihe second section refers to the duties OF the
second Auditory
3. The Board of Public Works shall not here
after allow to any contractor, or other person on
a State work, or to any joint stock company, any
drafts. certificates of accounts, acknowledge
of debt or other negotiable paper on account OF
claims or acquisitions on the State, unless there
is su fficent money in the Treasury, applicable
there to-, Immediately to discharge and pay such
drafts But this section shall not apply to claims
presented after the first day of February. 1856,
on account of contracts on State FORKS. No new
contract shall be made on any such work. until
"A sale of State bonds can be made or negotiated,
at par. and meantime all existing contracts on
such works, except on the Blue Ridge railroad,
and on the eastern end of the Covington md Ohio
railroad to the extent Of the unexpended balance
Of the appropriation heretofore made to it, shall
be suspended where the Board has reserved the
right to suspend
4. Nothing herein contained shall he so con
etrued ~ TO imply any sanction or approval of the
uou,luct of the said Board in heretofore allowing
suci, drafts. or TO impair or weaken the force 81
the second section of the 63th chapter of the
Code of Virginia which declares TINT the Stat,
shall not be chargeable with any interest in con
sequence of the suspension of the payment u
any instalment of subscription to Il joint stocf
company.
s. Provided however. that such drafts allowed
by the Bonld Of Public Works since the lst doy
of February, and before the fist day Of Octobe
next may be exchanged for registered certificate
of II q six per cent debt of the State in like man
ner IA is hereinbefore provided in reference t.
drafts allowed by the said Board prior to the sal,
first day of February"