Staunton vindicator. [volume] (Staunton, Va.) 1860-1896, 1871-01-27


Mr.. Cochran warmly advocated and Messrs.
Southall, of AlbemarIe, and Guy, Of Rich.
mond, as warmly opposed it, was passed BY
vote Of SO to 81, and returned to the Sen.
ate for concurrence in House Amendments.
Tho following copy Of the Bill:
l. Be it enacted by the general assem-
bly,, That it shall be lawful for the county
court of Augusta county to make an order re
curing the sheriff or commissioners Of cleo
ton, at time to be designated in such or
der, not less than enc month from fac dat,
thereof, to open polls aad take the sense o
the legal voters of said county on the cues
ton whether they shall subscribe to tn,
stock of the Valley Railroad Company ant
of the Shenandoah Valley Railroad Compan,
by oae Joint vote. The said order shall
state the amount proposed to be subscribed
and that the amount SO proposed to be sub
scribed, if authorized, not less than tw'
hundred thousand dollars shall be sub
scribed to the stock of the Valley Railroad
Company, and not less than one hundred
thousand dollars to the stock of tbs Shenan
doah Valley Railroad and in case such or
der be made by the county court of SAT-
county. tho legal voters residing therein
shall be entitled to vote upon the question
and the taxable subjects in said county shall
be assessed as hereinafter provided.
9. The commissioners Of election, who
if there be none otherwise legally appoint
ed, may be designated by said court, afel
taking an oath faithfully to discharge ths
duties of their Office, shall open polls at thu
various places Of voting in said county, anc
OF the time designated in said ordor, ano
shall conduct said election, and close the
polls as is provided by law in respect tc
other elections and at said election, each
of said voters who shall approve said sub
sciiption. shall deposit a ticket or ballot, on
which shall be written or printed the words,
"For the subscription :" and each of said
voters who shall be opposed to said subscrip-
ton shall deposit ticket or ballot, on which
shall be written or printed the words,
against the subscription. ;"
3. That Immediately after the closing of
the polls, the commissioners Of election at
the several places Of voting in said county,
shall count the ballots deposited at said cleo
ton, and shall make return within two days
after said election, to the judge Of said
county court, of the number Of votes cast for
the subscription, and the number Of Votes
cast against the subscription ; and shall also
return to and deposit with the clerk Of such
court, in separate packages, the ballots for
and against said subscription. And it shall
be the duty Of such judge to. cause the bal
lots to be counted, to correct the polls, and
to ascertain and certify the result of said
election, and to cause tho same to be enter
ed in the proper record book Of said court !;
and if it shall appear that thres-fIths of the
votes cast at said election are III favor Of the
subscription, the judge ofsaid county shall
forthwith enter of record an order requir-
ing the supervisors of the county to meet,
at time and place to be named in the Or
der, to carry out the wishes of said voters
The sheriff shall promptly summon the su-
pervisors, in pursuance OF said order.
4. If majority of the whole number of
supervisors be present at the time and place
SO designated, they shall proceed to act if
not, they shall adjourn from day to day,
until a majority be present. The said SUI
pervisors, majority of the whole number
being present, shall appoint an agent to
make tho subscription in behalf of said
county to the capital stock Of the said COM
panieg, to the amount specified in the order
under authority Of which the said election
was held and the said subscription shall
be paid in cash, or in the coupon bonds of
said county at par the said bonds to be re-
deemable in not less than five nor more than
twenty years, as such supervisors may elect,
and shall bear interest at the rate Of six per
centum per annum, and the matured cou-
pons shall he received by the authorities OF
said county at par, in payment of all taxes,
fines, and other obligations.
5. At the time at which the board Of
supervisors makes its levy for said county,
it shall levy on all the lands and other sub.
iects liable to State tax and county levy in
said county, such tax to pay the amount Of
such subscription, Or Of such loan Or loans
as may he authorized, and the interest there
on, or to pay the interest on tho bonds OF the
county SO issued. and to create sinking
fund to redeem the principal thereof, as said
board of supervisors may deem necessary Oh
proper and from year to year it shall re-
psat such assessments until the debt and in
terest be fully paid. But such levy fer 5
wear shall not exceed one-twentieth Of the
whole amount thereon.
6. The right to stock in the said compan
les subscribed by said county Of Augusta
under the authority Of this act, shall vest il
said county and its beard of supervisors
shall have power, from time to time, to ap
point proxies to represent the stock in the
meetings of the stockholders of said com
panies, and also an agent to collect the dlvl
dends on its stock which dividends, when
collected shall be applied annually in di
intuition Of the county levy.
Z. This act shall be in force from ii pass
age.
The Senate agreed to the House amend
ment to the above bill, requiring the com
panies to pay the expense of the special cleo
ton, if one be held, and the House was in
formed thereof
During the past week the time of th'
Legislature has been most taken up in th'
discussion of the Tax Bill and State Debt
and the Bill to allow the County of Angus
to subscribe to the Stock Of the Valley ant
Shenandoah Valley Railroads, which W.
give elsewhere.
Some bills Of interest in this section were
reported and placed on the calendar, viz -
To incorporate the Warm, Hot and Healing
Springs and Covington Railroad To amend
the Code in relation to the transfer of til,
States interest in turnpike and plank roads