The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1858-01-22
GENERA ASSEMBLY OF GINA
SENATE PROCEEDINGS.

"WEDNESDAY, Jan. q, 1888.
communication WA received from me .A 80.
tive Announcing thu resignation o. bfigsnsI Y -
Francis NJ. Boy kin, of the 9Th brigade Oh '"s'''"
Militia. :, 49,, 1s-
Of the Code, concerning the lien OF the VIII =,
f.ri factas Amending section IL OF ACT passssss
March /, 1856. Amending section ~, cnaple. oo,
80 a. more fully defining the duties ana rss' ~
ctors Of -four Amending the charter OF the
81. Mary's Female Academy and Orphan Asylum
of Norfolk Amending certain acts, 90 as 10 Ior-
bid county courts 10 grant corporate Po"e
Amending the Code so rs to make the crime Oh na1
boring a runaway slave, punishable by coahhe
ment in the pepitentiary. House bill for the re-
lief of Aaron Fluffy. Refundipg $l31 to joel .
Price.
4dr.rse R>rorts-The Committee of Finance re-
ported adversely to remunerating CONTRACTORS on
works of internal Improvement for losses sustain
al Inv the deprecfation Of bonds certified drafts
OF the Board Of Public Works, which were reeeiv-
ed by them for labor on public works
Resolutions Of Inqury-By Mr.. MchESSEE' Oh
exempting the firemen of Norfolk from service on
iuries By Mr. BRANNoN, of establishing branch
bank at Beverly, In Randolph county. BY MIR.
FLOOD of providing that the Virginia and Tennes.
see Railroad Company may pay the arrearage OF
interest due and aceruing on the loan or loans by
the State to the said Company in equal annual IN
stalments, comprising interests upon the post
poned paymets. By Mr.. DENEALE, OF increasing the
vote of the State In works Of Internal
said works. By Mr.. Caldwell, OF authorizing the
Crescent Manufacturing Company to raise money ny
loans effected at more than per cent interest,"
or by sale of pre- ferred stock.
the South Side Railroad came up. The bill READS
Thus: Be it enacted by the General Assembly,
That the Board of Public Works shall Dc, ana IL Is
hereby authorized to receive from the south sue
Railroad Company its bonds in lieu OF the interest
already due to the - day of -; and the next
semi-annual instalment thereof, next falling due
on loan made to said company, IN puTsuance Vi
an act passed the 5th day of February, 1905, pc,
centum on the whole amount OF such accumulated
and accruing interest, payable semi-annuaily, for
the period of thirtyfour years from the passage Oh
This act whereby the debt herein provided for shall
then be finally discharged. ..,
Mr. CAMPBELL offered an amendment 10 the OIL
fnndine the debt the State to receive the stock OF
the company to the amount of the DEBT, on whicn
the company il to pay per cent. interest, anu =,
of per cent for the extinction of the principal.
Mr. RIyEs offered the following SUBSTITUTE LOT
Mr. C's amendment:
Be il enacted by the General Assembly, That the
South Side Railroad Company be, and IS hereby,
permitted. If they so elect, to discharge the ar
1855 on the loan of $500 900 by the State to said
Company, by virtue of the act passed Feb. g. 1853,
within the space of - years from the 1st July,
1858, in equal annual instruments comprising SIM
pie interest upon the postponed payments Of in
terest aud payable July LIST, each year.
> That if the said South Side Railroad Co. shall
hereafter fail to pay the said nstalments of inter-
est as herein required or the Semiannual interest
on the said loan after July LIST, 1858, as the same
becomes que, the Board of Public Works shall. in
its discretion, institute proceedings to foreclose
the mortgage by which said loan is secured
Mr.. STUART offered an amendment, which was
accepted by Mr.. CAMPBELL, as a substitute for his
own. 1t reads as follows:
Be it enacted by the General Assembly, that
the Board of Public Works are hereby authorized
aud required Should the Southside Railroad Com
pany elect so to pay the same) to receive from
the Southside Railroad Company payment of the
arrears of interest due to the State. and falling
due upon July l, 1885, inclusive, in 10 years from
aud after the said LIST July, 1858, payable in equal
semi-annuai instruments the LIST of July and LIST
of Jany of each year. with interest at the rate of
per cent per aDnum, upon 80 much of said arrear
of interest as shall remain unpaid upon the said
LIST of January and LIST of July of each year.
Provided, that nothing in this act is in any way
to be construed in any wise affecting the inter
est said loan of $500 900 which may after
LIST July, 1858, but the same shall be paid in the
manner now provided by law and the terms of said
law.
Provided, further, that whatsoever the net reve-
nue. of said company shall amount to 25 per cent
on the sum of 100000, then the said company
shall increase it's payments into the treasury OF
the State by the sum of 25 per cent. upon the in
stalments required by the LIST sec. of this act.
The proviso In brackets is an amendment by
Mr. ARMSTRONG, which was adopted.
Inc question came up on hlFkb hulenumeDt
to Mr. STUARr's and resulted in its defeat-ayes 10,
nays Il.
The vote was then taken on Mr.. SrUART's substi.
tuts, which was adopted.
Tho bill relating to the reorganization of II. ,
Public Guard was taken up, and so amended by
Mr. AUGUST to provide for the retention of the
present officers and hereafter making the appoint
ment of the officers subject to vote of the Board
of Visitors.
The bill providing for the purchase of Barbee's
young Republican, being up on its ID reading,
Mr.. WHITE moved to substitute the ''Co9uette"
Mr.. AUGUST wished to know if the Senator from
Hanover had not had enough of the coquette al.
ready.
MIR. WHITE replied that he had not. The vote
was taken on the substitute and il was lost.
On motion, the Senate adjourned.