Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1866-12-21
GENERAL ASSEMBLY OF VIRGINIA.

GENERAL ASSEMBLY OF VIRGINIA.
SENATE. On molten Of Senator Trout,
the House bill Incorporating the Virginia
Express Company was taken up, the pending
question being on the motion of Senator
Meade, to amend the second section of the
bill by striking out the words; "No stock
shall be transferable to any person who is
not a stakeholder without an express order
of the Board of Directors, and the motion
was adopted.
Senator Boiling moved to amend the fourth
section Of the bill by adding the following
proviso f" Provided that nothing in this
section shall except the Virginia Express
Company from the operation or control of
any law that may hereafter be passed by the
Legislature for the regulation Of express bu-
siness or express companies"
Senator Keen moved to amend this amend
nlent by adding the following proviso: s'Pro-
vidcd, also, that any railroad company ac-
cepting the provisions of this act shall there
by come under the provisions of the general
railroad law in regard to the tariff of tolls.
as prescribed in the Code of 1860" The
amendment as amended was agreed to-
! Senator Boiling moved to amend the 10th
section by adding the following proviso
Provided that nothing in this act contained
shall operate to preclude any railroad COM
pany in this State from doing an express bu-
siness over their own line, Or in conjunction
with any other railroad in or outside of the
State of Virginia" which was agreed to.
On motion of Senator Boiling, the tenth
section, as amended, was further amended
by adding at the end thereof the following
proviso: provided, further, that nothing in
this act contained shall allow any railroad
company to transfer or abandon its regular
freighting business at the rates prescribed by
law, but it shall remain optional with any
persons to transport by regular freight trains
or by express.
Senator Boiling moved to amend the third
section by striking out the words persons
and"
Senator Keen moved to amend this amend
ment. by striking out all after word s'of, .
and inserting in lieu thereof, s'all express
matter as shall be prescribed by law" Sen
ator Keen's amendment to the amendment
was lost
The question recurring on the amendment
proposed by Senator Boiling it was adopted.
On motion Of Senator McRae, the Cd Sec
ton was amended by adding the following
proviso: provided that this restriction shall
not impair the rights Of bona .fde creditors
to subject the interests Of either the company
or stockholders, as the case may be, to legal
execution and sale as in other cases"
The bill as amended was then read third
time and passed.
On motion of Senator Trout, the passage
Of the bill was then communicated to the
House Of Delegates, he being requested to
make the communication.
House bill No. 20, entitled an act amend
ing the 18th section of an act entitled IAN act
to stay the collection of debts for limited
PERIOD passed March I'd, 1866, was taken
up and read twice
/ The bill postpones the payment of inter
est or debts from the LIST Of January, 1867,
as provided in the present stay law" to the
1st of August, 1867.
After lengthy discussion of the bill it
was put to vote and passed, yeas %, noes I.
This bill having previously passed the
lower House is now law. Interest there
fore on debts that was by the last Legisla-
ture required to be paid on the LIST of Janua-
ry next, has been by the present bill post
poned until the LIST Of August 1867.
The hour having arrived for the execution
Of the joint order of the day (he election of
certain State oficers) message was received
from the House Of Delegates, through Mr..
Merritt announcing the readiness of that BODY
to proceed with it
On motion Of Senator Power, the House
was informed that the Senate was also ready
to proceed he being requested to make the
communication. After which, the Senate
proceeded to the election.
There being no contest in any case, the
following gentlemen were duly elected for
the term Of two years, from January ID,
1867:
Secretary Of the Commonwealth John
NJ Herndon
Tteasuer-John S. Calvert.
Superintendent Of tie Penitentiary-
S. Pendleton
General Agent and StoreLceper of Peni-
tertiary. John B. Cary
auditor Of Public accounts William f.
Taylor
BY Mr.. Robinson. Referring the report of
! the Directors Of the Deaf and Dumb Asylum
to the Committee on Public Institutions
MIR Robinson called up the bill to amend
the 18th section Of chapter al of the Code of
Virginia in relation to the rate of interest.
The following is a copy of the bill
Be 1t enacted By General assembly, That
the 18th section Of chapter al of Code of
Virginia edition of 1860 be amended and
reenacted so as to read as follows:
Section 4. Legal interest shall continue to
be at the rate of six dollars upon 500 per
year when no special contract as to the
rate Of interest is entered into, but con-
tracts in writing hereafter made from the
date of the passage Of this act for higher
rate of interest not exceeding the rate Of ten
per cent. per annum for the loan or forbear-
ance Of money shall be valid for the time
stipulated in such contract
This act shall be in force from it's passage.
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