Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1858-04-13

Resolved, that the President Is authorized 10 en-
poy MI Charles Elet, Jr, civil ens,a0. ~ h;s M
inc the Ksuswha river, with reiefence " n's n
Eet's) plan for improving the navlga.!oh Vi VAC
Ohio and other rivers by means oil reset III.
The President read, for the information o Iile Sc
holders, copy OF an act passed ny lne " 49, n
sembly, providing for the employment OF iesto y, r
,;cts m publio works wLereupon, Oh motion oil hI'
+. II. Mays, r ,o C,,,,
wealth, under the act passed April ~ 1910 eli','ir"
'an act providing for the employ eu. - d;rsc,
vcts the public works oe requee.su ~ -, ~
the employment of ouch convcts On lhe "oihs y. Wv.
James river and Kanawha company ~ acco' u;
with the provisions Of sad act; anu t:nt 'uo
dent and Directors are hereby co ia " Nv.
into such agreement for the employ nsht VI sou you
vcis as may be prescribed by the governor TO pro
mote the efficient direction Of their laoor anu 10 eu
sure their safe keeping, pledglng Tue company ~ P
any expense that may be necessary ip' us. julie
the sald convcts to and from the WORKS OF me COM
pany, for their maintenance aud for supervising aha
guarding them while in the possession VI lne aHen'S
of the company. ., u
Mr. F. B. Deane, Jr., called the attention OF NE
stockholders to the practice of the soutl suo na'
road company of making private contracts ior me
transportation Of freight on that road anu vi LIS no'
ton, it was
Resolved That tho Board of Directors Of this Com
Lynchburg aud Richmond as TO command 'ne 'taue
which egitimaely belongs 10 the canai:
The adoption of theee several resolutions gave rise
to discussions, which were participated 10 Sy Messs'
Henry C. Csbe, Allen L. Caperton, rtahels do
Deane, Jr., Peachy K. Gra,tan, William IL. Maciaf-
land, Fletcher H. Mays, William W. Mosby, George
w. Munford, Jas. g. Paxton, William D. iaha'erFo'
John X. Tucker and the President:
Messrs. Christopher z. Tompkins, ana oonh ~:
Lewis, of Ksnawha county, where eiec;ed iheloefs
of the Kanawha Board by the StoeAnoiue'' o'''e'
than tbs State. ,. ,o
MIR. David I. Burr, of the city of Richmond was
elected Director of the company, by the stockhold
era including the State.
On motion, the meeting adjourned "He d1'
The following is copy of the act above referred
to, entitled an act providing more etfsc,ual means
for the Improvement of the navigation OF the Mana
| whH river:
Passed February Is, 1853.
Be il enacted by tn. General Assembly, that the
number of directors in the James River and hanaW-
| ha Company shall bs increased by the appointment
of six additional directors, three OF whom shall DE- ap
pointed by the Board of Public Works, and three oy
the stockholders in general meeting Two OF the SAID
directors 10 BIZ elected by the stockholders in general
meeting shall bs elected by the stockholders other
than the State and the third by the stockholders III
Guiding the State. That the three additional direc'
tors TO be appointed by the Board of Public Works
and two of ihose 10 be appointed by the stockhoders
shall De residents of the Kanawha Valley, and shall;
with the president ofthe company constitute ooSru
10 be known az tue "Kanawha Board which snail
be entrusted with the control, management and gu
| peryisou of the Kanswha Improvement, subject
however, to the instructions of the stockholders
of said company. All the authority now vest
ed in the present board OF directors over inc
Kanawha river shall be vested IN the ha
nawha Board of Directors, herein authorized
TO be appointed but said Kanawha Board of Direc
tors shall have no control over any Of the other WORKS
or affairs of said company. The kana~ha bo"r"
may elect one of their number to act rs President pro
tempo,e, who shall preside and discharge the othel
> tof tboo
Kapawha river, ia the absence Of the President
Three of said directors, with the President OF the
Company, shall constitute quorum, and in the al
sence of the President four of said directors shall con
: stitute quorum. The sald hsnawha boara enaI
have power to adopt ouch by laws and regulations
and to appoint such officers and agents as they may
! deem necessary tor the management of the kanawh'
Improvement; provided that in case the President
the company shall differ with the kanawha Directors
in any matter involving, in his opinion, the genera
interests of the company, he shall havs authority tt
call meeting of the two Boards of Directors toge
Their, and submit euch matters to then as one ooard
and their decision shall be carried into effect
The third directoJto be elected by the stockh"ilers
including the STATE, as aforesaid shall be memoe
I of the Board of Directors of the james River AM
Kanawha Company, as at present constituted, anc
invested with full power as such.
The James River and Ksnswha Company are here
! by authorized to borrow on the credit OF their ~Ork
on the Kanawhs river, now existing and hereafter Il
be constructed under this act, and the net revenues
now on hand, or d1e and unpaid, and that may mere
aiter accrue lnereuo ouu. y. suT r,
cent 10 nlplo.e tIe na s rou Toai, SbnaIs ant
from Tue nou.u nelso ~ .s hnn5. ~ nsr,;f
Gates of debt, payable at period Of not less thar
twelve years from the ssuing and date thereof unles
the company shall think proper to pay mem at al
Garner inns oa'n non ot sroesdna The rate If nte
rest allowed by an act of The General Assembly, pass
cd March fifteen, eighteen hundred and fitysix eutl
leu a" eo,, ~. uH ,bo ,arms m rhich they me,
pahes' anu to .no &c, hall no, AL, ,h
oor1nw money aau uas =. rs,a than that aI
s'lu 99n"n VI 20, ~. IT, onnnenv s,a also autbor
| io"su III '"e sou "'s' .a,ar do;y,d from thai
ized TO apply Tue bel 5sveu, s ~. ,,h ~ n
WORKS 90 tne hsoa"na nNet 'G ;un,oansmt - 60.
, Creeh ohodn' a"''t'S ~ 0'e 'f
. river' n.,1,o co,,ns,, ora an
aHe va,nes eau To- Give mortgage upoI
thorlzeo end empo~erso 20 s " tic ali EonsPb
tner sala VOTES on ahu stsnis ~ i,s mouth A. wel
river, from L2uP oreeh o'o"'S ust,uoeJ nndsr mi
90 'e . . w ne,nss na,v dua mr. in hand
"ct GU. uio - LS.. ooorro rro,n tho said rorks
and which may hereafter accrue l"n ane ,hs ns
4 ter The purpose OF securing Ine h ;"I
resi-, ana lae ultimate Ieueth u - ,b asid 80,
sair oonue W cet i.'oo.o s,i tho oaid nronart,
gage sha' give lI,e po"o. ', " s uo IN ,ha INV
tnereby con'eyee' o,J Az 0eo1 t.S y. oa,,;Gnst 70
nent OF The prlncipa OF tne Bau oohuo VI .I' 80;
o! debt when they ehail oecoine uue suu +, I
for the payment OF the hccruing interest .ereo, uu
from 'ae accruing Het revenue y "l so;J ;fan ha
such arrears OF INTEREST ssnaJ ne unpaiu II amy WY
:. the company may make oefault Ia uis payulen.
the principal which arrears OF interest may oe pro
Vlded 10 oe tpeh pau, loSetuo' . Io,noT.
from the proceeds Of cola OF me properly convey
by the said mortgages and pave ." tne plope IT,, sun
not then De mads uniess !. saa appeas .aV
I msn OF the principal q sad oonus caunuI w iaaa
within Ave years out OF the Is7enoes 10 90 uelss
from said Improvement. Neithe, ins Fhia D Dono
nor any other CONTRACT OF the hahaWna DOM
3 shall be charge upon, or IN any manuel c"
3 forced, against the other property, resources 0
credit of the company. Any liens or prior claim
that the S,ats may hold on said works, rights Ant
!, revenues, are nese5y suspended in favor OF snci
partiee as may loan roua2 20 said company Tor ID
purpose of this act, or become uie holders OF aa'
bonds until euch loan or loans with the sccurIng IN
tsrest thereon have been fully paid and discharged
proyidod however when the debt win It's eccruni