Daily Richmond Whig. [volume] (Richmond, Va.) 1865-1869, 1865-10-24

without anv further application 10 the General AS
sambly for aid either by loan from the state SUD-
scription or otherwise, all the property rights aI
cL;>es and privileges of every Kind ana descIp
oT the said Company shall be transferred 10 anu
Looon,e the Droperty of the State. rms act "a
baSors stated was passed on the 2od oil March'
lS6n ON the first OF September iollowing' Tue ri
rutory agreement was entered lhlo Win f ,ha com
~. a. Wneres Brothers and Company ior the Cv ,l
49,, Of the canal from Richmond TO the ohlo
r;var within eight years from the time vi le 1hi
n,ancament of the work by them Inc proJet VI "
agreement was signed by the frsuent ~ VI poorJ an.
"F PnhIic Works in testimony that Inc boaiu up
.,.oJ tba contract and desired that the PioAIe9 VI
tba State in the James River ana hahawna
shonld in a general meeting oil the IL 80
snstan itsapprova and ailan me- y! IN General
81 1T med by the proxies oil the state III seuci'
81 -. Of the stockholders. Ihe Governor ailei
erds enproyed it, and complied win inc request VI
holders to convene the General Assembly, III
ewtra session, for the purpose OF c0Asuelihs tne
rorinr the objects and views of the contracting
Iit;es and being disposed to give to their cohtac'
Validity and effect, except III certain pa!
Granted by nearly unanimous vote, chafter IN
cornoratinp the Virginia Canal company, WIN tne
right and obligation to complete the Improvement IN
the mode proposed. The failure OF the Virginia "a
nal Company in this respect has just been explained
Under sr,h circumstances it Is not to be presumed
that the General Assembly will insist upon the Tor
f,tnre Should thew do so, the charter oil The Com
ranv will expire on the 23d Gay of March next"
rrRTurR PROCEEDINGS OF THE WHITING.
poocbv p Grattan, Esq, submitted the following
resolutions which we've unanimously adopted:
PesoircH, That the whole subject OF the rights
and interests of the company, as affected 10y tile di-
vision OF the State OF Virginia he referred 10 Tie
BOARD of Directors of the company, with authority
to take such steIs as they may deem neces AIRY 10
have these rights anu interests astertuilcu anu st.
cured. m
Resoircd That this company is willing to carry
ont the provisional agreement made with MesSrS.
Bellot dcs MnereS Brothers Co. on the LIST OF sep
TENDER 1860 as the same was modified by tc &C. OF
the General Assembly of Virginia March y, 1851,
50 far a. this company has authority to do so, ana 10
concur in such modllicatOnSOi the chalteroi TIE
Virginia Canal Company as may lie mutually &C.
ceptable to this company and the SAID MeSsrS Belo'
de- Minieres Brothers Co.. upon satisfactory evi'
Jence TINT the said parties have the ability to exc
cnte the work according to the terms OF the said
| charter.
Company lac instructed to apply 10 the General As
sembly at lis next session Tor an extension ol tht
charter of the company ana for tie legislation neceS
s,ry TO consummate the agreement with MesSls Bel
| LOT dies MinjereS Brothers TO-
ON motion ot Charles Palmer, ESD, the following
resolution vas unanimously adopted:
"RcgoiccR, That the salary OF the President OF the
company ba fixed II th.Ityive bundled dollars a
year and that OF the Secretary he fixed at three thou
slLd dollars ycir-b0th payable quarterly from tic
ist nStJU end that The pay 81 TIE Directors ht hNi
| dollars day tor each day whilst on duty.
Mr. Cra;tan Offered the follow ing resolution which
was also adopted
In compliance with general instructions from Tao
Board OF Public Works,
"RcSoiccd, That the following he adopted as a
bylaw oil the company:
/ There shall be appointed at the ANIMAL meeting
of the company committee OF live whose duty II
shall be to ascertain and report upon the condition
and management OF the company, how lis charges
and expenses may be reduced orprohbted, and how
an economical, systematic and llicent administia-
ton of the company may be established.
The Chairman thereupon appointed the said COM
mittee a. follows:
! Messrs Peachy r. Grattan, Charles Palmer, Isaac
| Davenport Jr., William 7. Walker and W. Boyd.
The following Committee was appointed 70 exam
inc the books papers and accounts of the Company
! for the present fiscal wear:
NlessrS Alfred T. Harris, Boiling ". HaNall, Jas.
| L. ApnerSon Thomas w McCance and George 4.
Barksdae.
On motion, severaily made, the following officers
were unanimously reelected:
Thomas II. Ellis, President; David ]. Bun, Direc-
tor on the part of the State and the private stock
holders; William II. Perkins, Director on the part OF
the private stockholders.
Tie President announced that the following drcc-
tors had been appointed by the Board OF Public Works
directors on the pant OF the state;
James Lyons, OF the city OF Richmond Francis Il.
Deane IT, of the city OF Lynchburg; John = An
dcrsOn OF BOtetOurt county; Alfred Lcybutn OF
Rockbridge county.
The meeting then adjourned sine die.