Kanawha Valley star. [volume] (Charleston, Va. [W. Va.]) 1856-1861, 1860-03-12

mortgage upon the works, property and
| net revenue Of said Kanawha hne of i'm
provemeht. from. the mouth tllefeof %
said Loup Creek Shoals. to the Conlmon-
kwealtl. for the payment sof the principal
and interest Of said three hundfed thous-
and dollars .:z4or upon thu failure or refu-
sal Of said Company to execute such
deed Of trust or mortgages. when re-.
anired By the EansWhs Board, then the
said Kanawha Board. BY. their Presi-
dent pro ,empore. Or other agent, may
texecule suchsdesd of. trust or moitgage
Land tile same shall be deemed 10 have
The same effect rs though il had been ex;
ecuted byssaid Company; and such lien
shall take precedence .osersanY lien crea-
| led aby said company 10 secure their
bonds authorized 10 be issued by this act,
The said Kanawha board shall pay into
| The treasury Of the Commonwealth three
and one;half percenluns On OF before the
fifteenth das, OF June and December Of
each year. on such amount OF the said
registered stock as riay be issued under
| thfs section. for interest andto provide q
sinking fund.- The said Kanayha board
are hereby authorized TO prosecute the
Iconstrnctioa Of said Kanawha line of i'm
| provement. free from the CONTROL or d.
neetinn Of the president and Directors OF
said James River and KanawlsN Compa.
/ ny, and which is known as the Eastern
hoard, and shall have The entire control
and ~naanagemeatsof the same, free from
such contFel and direction.
10. The debts Of sail Accompany. WHICH
may not be paid as aulhorzad by this
act, 81 il the holders thereof4sRall refuse
ID receive in payment thereof heseSen
per cent. bonds Of said compahyi suthor<
IjiEed to be issued by this act. shall not.
tby reason of the passage Of this act, be an
any better condition. for enforcing, the
payment thereof. y But the sliens Of tbs
Commonwealth existing bsfore the pass
are Of this act. On the works, property
and revenue OF said Improvement shall.
as 10 them! be deemed 70 BE- in full force;
III. Unlil5otherwise proSided BIZ law,
the Board Of Public Works shalFappoSni
fthfee proxies to representa- The State At the
meeiingssof he stockholders and the
proxies So appointed shall have power to
cast three films of all The votes cast in the
appointment Of the President and other
officers elected by the company except
Directors Of said company. and 10 liking
the salaries Of officers and The Board q
Public Works shall also appoint three.
fieths Of the Directors Of said company
Haadt shall allow to said proxies 4 rssson-
able compensation for their services. =
itEhat authority is hereby given3to tht
1 Board Of Public Warks % revise and. sllei
.Ethe rates of toll charged BY said conPa
Inv, SD as to adapt them 10 = remnnera
1 i've standard, II the location proposed
flor the lire Of the canal, between ths
/ present terminus Of the Virginia Contra
Railroad at Jackson's river, dnd.t the towr
| Of 4Covington. will interfere 1t any poinl
with any proposed location of the exteu
Ision Of said railroad, and The engineers
representing respectively the canal ant
1.-The railroad cannot agree upon an inde
pendent location for each work atssucl
i points then the Board Of Pablo Works
Shall determine such location. having
due regard to thea interested the Com
If.monwealth as stockholder III each com
.fpany; aud their decision shall be- bind
/ ing.
i l2. In addition 70 the rights and pow
efs heretofore granted TO and conferred
upon the James River. Company and TIL
James River and Kanawha Coapahy, 70
1.-THE collection Of tolls on the Kanawhl
river, the said James River and Kaaawh'
! Company. their cdTlectors and agents
are hereby authorized and empowered
4 Id sue out am attachment before any jus
]. tice of The peace. against boats and car
goes upon The. Kanawha river. for toll
l:dne and unpaid by said boats and cargoes
! their owners. masters or shippers,
4 El3. Be II further enacted. Thatlb
1.-THE provisions of this act shall take eff
feet, rthe said James River and Kanswhi
Il Company shall. in general meeting
stockholders. accept the same, and sucl
acceptance shalls.bs deemed an acceptance
III all the provisions Of this act; and a
/ complete acquiesceEce in, and ..recogni
4 ton Of all the authority !, and independ
| ent and other powers conferred npoI
The said Kanawha board by this'act
4 yAs ms OLn.l.ctaa eoaysni;on