The Wheeling daily intelligencer. [volume] (Wheeling, W. Va.) 1865-1903, 1867-06-27

pltshed superintendent, Judge John.
West and lady. OF the excellence of
this dinner, and the good time general
| ly, your correspondent can speak with
peculiar satisfaction. In addition to
! tho vocal and instrumental music so
admirably executed by the students,
ltheu Salem Cornet Band discoursed
strnins of ofdelightful melody This has
been the most pleasant and auspiclous
commencement In the history of this
youthful college, whose aims are the
| greatest educational advantages to the
/ greatest number OF our Country's youth
Of both sexes. n. j. HIoeINs.
sIcmoranduIn ora Contract for ths
construction OF n Railroad from
CoSInEton 10 the Ohio Riyer.
The following ARE the parties to the
Feontract: q: s-- i.nls Hsg urE .5rU
FIRST. John b. BALDWIN, Geo. w.
Boiling, Thos. s. Flourhoy and r. ii.
Maury, Commissioners acting for the
acts OF the General Assembly, namely :
z 1. can Act to Incorporate the Cow
IinRton and Ohio Railroad Company"
| passed February 20, 1866.
3 . "An Act to provide for the compile
ton OF a line or lines OF railroad from
the waters OF the Chesapeake. TO tho
River" passed March /, 1867.
SECOND. james Burley, Y. ID. Rams
/ dell, Joel Mop Pherson and John S. Cnn-
| ningham, Commisston acting for the
State of West Virginia, under the fol
lowing acts OF the Legislature, viz:
Z /. ttAn Act to Incorporate the CovinR-
ton aud Ohio Railroad Company"
passed March 1, 1886. -
tS2. IAN Act 70 pr6vide for the COM
pletion of a line or, lines of railroad
from the waters of the Chesapeake to
the Ohio Riyer,," passed February 20,
Il
THIRD. The Virginia, Central Rail
The Virginia Central Railroad Com
pany Etis Contracted whit the said conn
sioners for the construction Of a. rail
road from Coyingtpn % the Ohio River
sions of the acts hereinafter recited,
subject only to the following conditions
and stipulattons. which shall be bind
ing only as far as not inconsistent With
the said:acts, viz: 80 -. Il. ~
lst. That if the amount OF money re-
qnired TO put the, road In operation
| from Covington to steamboat naviga-
tion on the Kanawha river, with the
necessary buildings and equipments,
not less than five millions of dollars, be
not raised within six months from the
date Of the contract by, subscriptions
OF stock which the Board of Directors
believe are available, and they are will
| ing to receive as cash, then and in that
case this company shall be relieved
from the contract If they desire It.
I'd. The party OF the thitd part shafl.
on or before the Isl Isl day Of Decembesr, ,Ssi3,
Works OF Virginia, and Of West, Vir-
ginia, statement In writing, showing
| the amount of stock raised under this
I agreement and accepted by the com
pany; aud also declaring whether 1t Is
the desire OF the company 70 be re,
a fNrnpTfdGTl
in the preceding section. The failure
TO file such a statement shall, at the
option of the parties of the hrst and
second part, be taken and treated as an
abandonment and 'annulment OF this
contract. =! -. ~.
a statement, and express purpose 70
continue the contract with q subscrip-
ton Of stock less than three millions ot
dollars, it shall be at the option of the
parties of the first and second part 70
refuse to allow such continuance, and
to vacate and annul the contract. Such
determination of the parties OF the hrst
and second part to be eieommuhicatedl In
I writing to the party of the third part,
on or before the LIST day OF January
1868, under this or the preceding sec
34th. The coH6pany wnI guarantee to
those stockholders who furnish the
funds to construct and equfP the road
10 steatnboat navigation on the KanaW-
bha. and on any such additional stock
/ thereafter spbscribed, four per centum
semi; nnnally as, preferred dividend on on
is completed to the Ohio river. - !.
5th. That all the net revenues derived
from working the road west Of CoYfng-
tton before it is finished to the Ohio
riuer, shalt be appropriated 70 that
object. .-,,-. ,..,-..-JI7-yy .!,.II.1-5 ..Ei,--
9th. No part of The earnings accrning
east Of Covington shall be diverted from
} the use and benefit OF the present sLock-
holders and their successorsI until Inc
Pr6ad is Completed 70 the Ohio river, .s
18th, The proceeds of all stock OF
other subscriptions hereafter received,
shan be applied exclusively to the con.
strnction and equipment OF the road
, west of Coyinston, until IL shall be
! compieted TO the Ohio river, unless
otherwise provided in the suPserip-
I ftion. 49, .-.s,.-l,f- 49,
the property of the Company east oi
/ C6vington for the completion or equip-
zment ofsthe road west Of OoYtnRton,
until it shall have been completed and
properly equipped to steamboat naV1-
cation on the Kanawha river.
81 9th. II from any. cause the work done
II west of Coyineton be forfeited, parties
who became stockholders. for the com
ipletiori OF that part OF the road thereby
iorieif their stock; and they shall have
, mo Interest or yoiee In the management
! of the road eastof Coyington AFTER such
iSiothf u cf No sale OF the stock nov otsrie
by,the State OF Virginia III the Virginia
Central Railroad Company, or Of any
claims held by the State against the
Company, shall be made 70 any othel
| person than the Chesapeake and Ohio
Railroad cenpany before the Lat dayoi
11th. The fimles named and limited IN
| the preceding section, and In the second
and third sections, shall be deemed g
be OF the essence of this contractS And
!. in, case of failure on, the part OF the
parties OF the, first and second pArt e
! iiotify fheir oIstion under ths second
, ard third sections, such failure shall
in any case, be construsd IN l{aYor %