The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1861-04-01
Nirhmano s9ispattb.
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MoNDAi April. !. lsei.
GENERAL ANSEsfnIa Vs ,,n;,.s..
iEXTRS MENTION
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SENATE
SArcspaY, March 80, 1861.
Coetngfoa n,,3 Ohio RutIroad The order a,
the DAY, the Covingt ton and Ohio Railroad bill
was considered on motion of Mr.. SMITH,
Mr, bkASSoS offered his subs titute and ad
vocsted its passage.
Mr.. WickHAx proposed an amendment /,
the substitute, which was rejected
The vote ON the substitute was then taken
and adopsed-yeas Il, noes -.
n motion 10 reconsider, was lost.
Mr.. WIcKHAx proposed another amensimen,
TO the substitute, to come in at the end of the
second section, which was adopted
Inc substitute as amended was then voted
on, and rejected fer want of a constitutional
malority-yeas %, nays IL.
The following is the substitute as amended
Hhe,sas. the state has underak 10 construct
the Covfngten and Ohio Railroad, for the purpose
OF securing continuous line in connection with
the Virginia Central Railroad, to the Ohio river
propr:ated gu, n tae Treasury for the eonstruc.
ton of the said Covington and ohio Railroad, a
pas' oa WHEN iaas ,aaL ,'' s,sae nhehpendea,
money to, the said Virgins Central Railroad
Company aud whereas, the compilation of the
still more heavy additional appropriations to con-
piete and equip the same ; aud whereas 1t is the
desire OF the General Assembly 10 avoid farther
APPROPRIATIONS for that purpose. aad TO invite the
employ ment of means other than the means and
credit OF the Commonwealth 70 secure the com
pletlon of the said continuous line of road from
tho city OF Richmond 10 the Ohio river:
l. Be therefore eaaefed b. The General .4sseaby Of
Virginia, That in consideration Of The Virginia
Central Railroad Company undertaking. a I'D a gree
ins to complete the construction of railroad
from Coving,oa, 10 the county OF Alleghany. to
Wayne, upon the route and plan adopted for the
Covingten and ohio Railroad, within eight years
from the Passage of this act, all the rights tran
chises, works. and property Of the Covineton and
Ohio Railroad Company, together with any unex-
Covingtoa and Ohio Raiirosd, are hereby trans
ierred to the virginia Central Railroad aud all
Rsae R,pnsS f,sn, ana pr"rsr'y 81 the Blue
hereby transferred to the said Virginia Central
Railroad Company, free from the contract Of the
said Virginia Central Railroad Company. in re-
spect thereto, for the payment Of tolls and
other purposes and the, said Virginia Gem
fral Railroad Company is hereby released from
the payment of the principal aud interest of
inc loan OF SIX hundred Thousand dollars,
passed the eth day OF February, lseo: and any
balance Oh said ioan, SO anihorlzed by said act
said company whenever demand Is made ~ :"
free from any demand on the part Of the State
The work on the Covington Road shall not be sus-
provisions OF this act shall be accepted by the
Virginia Central Railroad Company; and The
authorized aad required TO invest in the bonds is
sued, for the construction of the Covington Road
lars, at ninety two cents in the dollar, for the
temporary relief OF the contractors on said road
the said one hundred and df,y thousand dollar is
10 constitute part of the appropriation bereto-
fore made to the Covingtou and Ohio Railroad.
2. The said Virginia Central Railroad Company
White sulphur Springs. within three Years: to
Loup Creek shoals, IN the Kanawhs river in sly !.
eight years from the passage of Ibis aef ii'e' III
s. II the said Virginia Central Railroad Comma
ny in general meeting of the sockhoiders
accept tie provisions of mis- az, an
copy of such order of accanranca 70 ~. S{y
Public Works then the said Virginia Central
Railroad COMPANY shall he in vesfa5 1y,th 80
ehises Of the said Coyington pd bi ana R Ir@n
ances of Appropriations to the said CdvingIon "a
Ohio Railroad which said uuexnapded bs Ian anu
according to the provisions of The Laws snfhoi
ing the same aud in like manner the said Vir
With ali the rights rspchsss s work De
perty of the Blns KidSe RaiIrnaS Cnn anu pro- PRO
from their obligation 10 paw tolls f"r fha nx ,e 81
the said road and the said Vginia ,ne ce a4e ol
Railroad COMPANY shall also he aichsr.,ad 80 itaa
their obligation to paw the prinepal ana ipa sts
of the loan of six hundred thonspnd do,ars @
thorized by the said act of the efh nj Fahrn,v
1859, and Shall have the right to draw snv baii,,
paid to said compapy free frm tbeir nhi; ofen
TO paw the prime or interesT Of tba s.,na eoh
The npexnapSsJ hai.ncss VI nf NJ ~ sane, ,
lions hereaf"Ie ,nade ia tbe ,.le appi1Prta
Railroad shall he axnanded in ~ S ou anu ohi9
said ROAD yat Of ia We OF
5 All the contracts of the C,vingtnn ard nh;
Railroad COMPANY shall be hindinS and vsiiG
upon the said Firginia Central Railroad Cnmnanv
g. If the said Virg;ni. Ceutraj Ps;troa PP Guy
pany shall fail to comnIete the said rosd go
Covington to the White SuIphur Spr;nos WIN LIN
hal foil
said road 70 SAID Ionn CraaL sbc.i s',np ,p;
six wears or shall fab In cnrnniata 1h i M
road to the month of Rig Sandy river w-i.bin
eight wears from the natssss ~ .bi I've ",.hin
either Of the said events the said virginia Car
trail Railroad Company shall forfeit to the Com
monwealth all the rights franchises works and
property hereby granted to them in resnert r. ne
toyirgion and Ohio Railroad together with he he
work which said Virginia Centrsl Raj road Com,
pany NAV have constructed west of Cnv;n1tnn
and the contrrct OF said company in respect 10 The
Railroad, shall be deemed 10 be reinstated shh5
have the same force and effect a. If this acf Ia
not passed aud shall pay any tolls that would
ha accru ed if this set had moi ma ssaa ana sba
pay the principal and interest of said loan that
would have accrue if this act had OF been Passed
Visions Of the act s,horiapg the s.d 90 pro-
!. The said Virginia Central Railroad Company
shall have power to increase their capital Stock
dollars, and to borro y money and execute Inort.
cages and other liens on the entire line of road
from Richmond to the Ohio river, and other
proper.y OF SAID company and on the revenues
and ;nt 80 s Ire tne payment OF the principal
< The said VIM; Iau cs,,r., p.,,uo., o
and ,ha "a 80. M, 3 n a. afoaa company
tire line TO the Ohio river ami to ali NV en-
thereof and in all other respects, be subject to |
the general railroad law and the law regulating |
internal Improvement companies, except so far as
saiu somIahy oy its charter heretofore granted
I' ,o ne e nop' ana saa company may exercise
fhereof tbat nav nov - 1919 iine ana paris
psny over it's present ROAD ana 81; ~ ssiu CON,
shall be subject to sneh other and fnrther Ip%is
that the Legislature might now have the nower
10 Impose on SAID company.
y. II any person shall loan money to the Vir
If comnlatinu ,h Sg"spay .or the purpose
Ohio river and .aninninp tbs ssme ma on On ~ ne
tain lien on said road west of t,dvipn,ou -, ON
the Blue Ridge Railroad, or on the Works, pro.
perry and revenues Of the Virginia Central Rsu- |
road Company, to secure the payment of the prin-
Rend or tnaS money or the holder Of
ioanad shall NOT iasa hi. Jan aeut ,oI money so
impsired hy reason Of rhs fsiinra ~ ~ tHH SAM
Central Railroad Company 10 oomnlnta thaeid
road west of foyington min tfi,n 80 nalu