Evening star. [volume] (Washington, D.C.) 1854-1972, 1870-07-29

Meeting Of lie Beard Of Dsrcc:srs-Rese2wfis
Proceedings, &c.

Neetirg Of Tie Board Of Observation-Disclosures
Proceedings, 90.
correspondence of the Baltimore American
BkRKELKr SPRINGS, w. VA, July g.-The
resident and Directors of the Chesapeake and
Ohio Canal Company met here yesterday AFTER
noon. and have continued in session during to-
Gay, IL Transaction of the business of the CON-
Eany, There were present James q. Clarke,
PRESIDENT; VIM. Dodge, of Washington county;
James q. Berret, or Washington, ID. c., and
george ;. Brown, of Baltimore. Absent, VIM
nonng, OF Montgomery, and Giimor Meredith,
BENJAMIN Fawcett. the Secretary of the Com
pany, acted as Secretary of the meeting. One
Oh the hrst things determined was to make an
January I, 1851, OF the repair bonds Of the Canal
company, the bonds having been guaranteed by
.ne STATE OF Virginia, that State paid the inter-
est from 1851 mp to 1861. It will require some
goo TO pay the coupons uY to Julv 1859 the
PERIOD at which the bonds themselves mat lred
ana winch at present there is no provision for
lissed by the Board on the subject:
"Resoved, That the sum OF twen,y-eight thou
saHu uoifafs, or so much thereof As may be ne
eesary be- and the same is hereby ,approp,i lated,
'oSt ther with the sum now in the hands of Alex
ANGER Brown & Sons, held by order of the court,
10 produce the sum of one hundred thousand
uoiiars; TO take up and pay the unpaid coupons
OF TIE bonds, commonly known as repair bond,
OF The Chesapeake and Ohio Canal Company
guaranteed by the State of Virginia and that
the SAID Alexander Brown n Sons be, and they
ny; uhtCteu 10 commence the pay nent
OF the aforesaid coupons on the 18th of August
requiring In all ca ses the holders OF the coupons
10 present the bonds with the same. 1t being
UNDERSTOOD that all payments made under this
oIuer snail be in conformity with the decision
OF ue court OF appeals of MARYLAND, and such
otoer a mas or may hereafter be passed by the
circuit court of Baltimore city,
On motion of Col. Berret, it was ordered that
ire president take such steps as NAV he neces-
safy 10 dismiss all proceedings instituted by the
canal company for the condemnation of the
lands OF McKaig < Walsh, at Cumberland
Inc effect of this is refusal to accept the
award OF $50 600 made heretofore by a iury in
favor OF Mckag & Walsh for lands which the
company desired for opening an outlet from the
large basin of those gentlemen a. Cumberland
Ior coal boats and shipments. The company
formerly mad proper outlet, which, however
mas Deen covered over by an extended wharf OF
the Cumberland Coal and Iron Conpanv about
which there is yet some litigation ia regard to
the nautical rights OF the canal and coal com
panv. VIVA
On motion of Col. Berret, the following was
also adopted: - WIS
Rcsolred. TT at from and after August LIST
is'O. all Off GERS Of the Chesapeake and Ohio
Canal Company will be required to devote their
whole time and attention to the duties of the
hosiuons they occupy; and that the President
be, and he Is hereby, directed to establish sucb
rules and regulations as to insure comDliance
WITH this order, and define the manner of the
ptIofmance OF their respective duties Nor
VIII any ofncer or emplOye be allowed to engage
IN any other business whilst in the service of
this company. VI
=. on motion of Mr.. Brown, it was resolved tina,
it is deemed incxpcdient at present to male
any further changes in the employees of the
company, except for Incompetence
-, Inc board adjourned to meet i'm Baltimore On
Tuesday, the 10th OF August