The weekly register. [volume] (Point Pleasant, Va. [W. Va.]) 1862-1909, 1867-12-17
TIE CHESAPEAKE AND OHIO
RAILROAD.

kAlLhOhDs
We learn By dispatch from Richmond
that the Commissioners of West Virginia
have signed the agreement with the Cen.
trail Virginia Railroad Company. and
consequently the work Of extension will
be commenced at an early day. We copy
the following proceedings of the stock
holders Of the company from tie Rich
mond Disputch, Of the 81 inst, whichiD
this connection, are interesting to our
citizens at this time.
The committee to whnm was referred
the report of the President and District
reported through General Echols recon.
mending the adoption of the following
resolutions by the meeting:
Rcs6lred, That the board oc directors be
instructed to cnled into new contract
with the commissioners Of Virginia and
YVES. Virginia for the-construcdon OF the
Covingion and OHIO railroad, with the
following stipula,ious:
/. The work to DO commenced and
completed in the time and manner pro.
vidsd in the charter
2. The complny to guarantee four per
cert. semi annual dividends upon any
stock which may DO subscribed for the
construction OF said road after The com
pletion Of the road to the Ohio river, in
the meantime said stock shall DO prefer
red in any dividends which shall be de-
olarej by the company TO an extent not
exceeding four per cent semi annually
3 The company 10 borrow such sums
of money, at rate Of interest no, excee'
ding eight per cent per anuum, as may
be necessary, in addition 10 the funds ar
Using from stock subscriptions, for the
completion Of said rold. and execute
lien on its property and revenues to Sc
cure the payment Of the principal and
interest Of such loans. Provided, That no
portion of the work on the Covington
and Ohio railroad shall be put under con-
tract until three and half millions of
dollars of stock. applicable TO continu-
Gus line to tue Ohio river, shall have
been subscribel; Provided further. That
subscriptions may be received 10 be APP
piled to the coustruclionof the work con.
tinuously from either end Of the line.
ResolUei, The company may gI,raotoe
the payment of principal and interest Of
bonds Of cities and counties receivable
in payment Of subscription of stock.
Reso,yca, That the bonds Of CT les and
counties, at ninety cents on the dollar,
and bearing eight per cent per aonnm in.
terest, be received in payment Of sub
Scriplions Of stock.
Resoived, That nothing contained 10
any contract made by this company shall
have the effect to deprive che present
creditors Of the company Of their claims
for ratification out Of the present proper
~ ofths company, And it shall be the
duty of the presiden! and directors, be-.
foro executing any further lien on the
present property ofthis company, funded
or floating debt not heretofore so secured
that cannot be promptly paid on in the
ordinary administration Of the affairs Of
the company.
Also tho following supplementary res
olution.
Resolved, That whom the President
and Directors Of this company shall
conclude COMPACT with thu Commiss.
toner's Of Virginia and West Virginia. il
shall be their duty at once to assume the
name epd style Of tho Chesapeake and
Ohio Raitood Company, and 10 claim
and exercise al tho rights and franchi-
SOS conferred uP'n said Chesapeake and
Ohio Railroad Company by tho acts of
tho Legislatures OF Virginia and West
Virginia.
From seven hundred and eny n o;rt,
hnnIra1 Ihousnnd hnga will ~ ''Su'