Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1867-06-18
LOCAL NEWS.
TUESDAY EVENING, JUNE Is.

A., Z. & n. r. R.-A called general meet
log Of the Stockholders of the Alexandria,
Loudoun and Hampshire Railroad Company
will be held at the company Office in this city
tomorrow, commencing at II M, for the pur
pose OF considering the following act passed al
the lastsession of the General Assembly, DC.
An Act dssposinq of the States interest IN the
Alexandria, Louaoun and Hampshire Rail
road Passed April II, 1867. . 9. g.,,,
l. Be enacted by the general assembly,
That it shall be lawful for the Alexandria,
Loudoun and Hampshire railroad company
to extend its road from thes western terminus
thereof, as now limited by its charter, to any
point or points to which it may be authorized
to extend the same by the legislature OF West
Virginia or the legislature Of Maryland; and
the Board ofpublic1 works is hereby authorized
and drectedSto selfto the Alexandra, Loudoun
and Hampshire railroad company, all the stock
held and owned by the state in the Alexandria,
Loudoun and Hampshire railroad company,
at such a price as may be agreed upon by the
said Board of public works and the said
company, and if the said company shall make
the purchase authorized as aforesaid, the pay
ments therefor shall be made in three equal
instruments: one third shall be paid on the
construction and completion of said road from
Leesburg to the town of Winchester, one-third
on the construction and completion of the road
from Winchester to the west side of the little
Cacapon river, and the remaining third on the
construction and completion of the road from
the last named point to its western terminus
at a point in Hampshire county, west OF
Paddytown; to secure the payment of the said
sums OF money, the Board of public works
holi telra H. how
payable as aforesaid and secursd by mortgage
or deed OF trust upon its franchise and real and
personal property, or any OF them.
2 That for the purpose Of enabling the
said company to make such extensions, or
either OF them, it shall be lawful for the said
company to vote in general meeting of its
stockholders to increase its capital stock to
an amount not exceeding ten million of dollars,
inclusive of the present capital of the company,
and it shall also be lawful for the said company
to borrow money for the same purposes at
rate of interest not exceeding eight per ccntum
per annum, and to issue its bonds therefor,
and secure the payment of the principal and
interest of such bonds by mortgage or deed of
trust upon its franchise and real aud personal
property, or any of them.
g. That the Alexandria, Lcudoau and
Hampshire railroad company may waive or
modify the restrictions and prohibitions ex-
pressed In the ninth section Of its charter, In
the case of any railroad company which shall
enter into and observe just aud equal arrange
ments with said company in regard to terms of
connection, rates Of charge tor transportation,
the running of the cars Of the company upoa
the road OF the other aud the interchange or
transfer OF passengers aud freight.
4: That the said company shall, within three
months from the passage Of this act, in general
or special meeting of its stockholders, deter
mine and decide upon the acceptance or rcjec-
ton of this act, and shall certify its decision TO
the board OF public works % failure Of said
company SO 10 accept, then this act shall be
void and of no effect
S. Should the said company fail to COM
mences 1.-The construction and extension OF it's
road from Leesburg to Winchester within two
years from the passage of this act, and com
plete the same within three years thereafter,
and shall fail within four years from the pas
sage OF this act to commence the construction |
and extension of its road from Winchester to |
the west side Of the little Cacapon river and
complete the same within three years thereat-
ter and shall fail within seven years from the
passage Of this act to commence the construc-
ton and extension of its road from the west
side of little Cacapon river to its western terml-
nus at point in Hampshire county, west of
Paddytown, aud complete the same within
three years thereafter, then On the happening
of either event, the board of public works Is
directed to foreclose its mortgage or sell at
public auction the property pledged to secure
the payment Of the bonds given for the states
interest as aforesaid, or so much thereof as
may be sufficient to satisfy and pay oft the 10
stalmeut or instalments remaining unpaid.
6. This act snail be in force from its passage.
A special car was sent up the road this morn
morning, to bring down such of the Stockhol-
ders as may wish to attend. The meeting it
is thought will continue in session but 4 short
time, as it is generally anticipated that the pro-
visions of the above bill will be accepted without
any prolonged debate The sale alluded to in
the bill, will be Of course at merely nominal
price, for the stock is, at present, worth com
paratvely nothing -having sold at the last
recorded sale at between two and three dollars
share.
LAND AaENCY.-It will be seen by the al
yertisement, that Mr. Geo. Johnston, Of Fair
fax, and Mr.. e. J. Lloyd, of this place, have
established here Land Agency, aud will at
tend to the buying and selling renting and
leasing of real estate, and matters connected
Herewith. Both of these gentlemen arc re-
spectacle, intelligent and reliable business men,
and persons negotiating with them may place
in them entire confidence At this time, when
efforts are making to induce emigration to this
section of the State, an agency, such as the
one to be conducted by Messrs. Johnston and
Lloyd, will be public beneft-and we invite,
particularly, the attention Of all wishing to sell
or buy any farms in this neig hborhood to their