The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1875-11-05

respectfully ~ report the following resolutions:
& /. Resolued, That it is the true policy Of
this company to speedily complete its con-
nection with the Chesapeake and Ohio rail-
road by an extension of the canal to point
at or near Clifton Forge. That the said ex-
tension Of the canal should be made of the.
same dimensions and opacity as The present
canal 10 Buchanan, but with wood dams and
locks, except such as are already partially
constructed with stone. d;
2. ResoIueG, That the President and
Board Of Directors be instructed to petition
the Legislature Of Virginia to pass law
directing the employment upon the proposed
canal extension Of all conyiets whom It
would be suitable thus to employ, upon the
condition that the company shall pay nothing
for their labor, but shall only be bound for
their safe. keeping under such supervision as
may be prescribed. Il. 49, Il
8. ResotUed, AS further means Of speed.
lily completing this improvement, and of putt
ting the whole line Of canal into more suc-
cessful and profitable operation, that the
president and directors be instructed to seek
the passage of such lsves1as will authorize
this company to issue construction.bonds for
the extension Of tie canal to connect with
the Chesapeake and Ohio railroad at or near
Clifton Forge, and to improve the navigation
of the existing canal (prorided the sum
expended in the Improvement of the exist
ing canal shall not exceed the sum of one
hundred and serensy-five thousand dollars,
that being about the amount named in the
presidents report asnecessary for this pur.
pose), and, if practicable, to substitute the
said Observation-Disclosures for the second-mort.,
gage bonds heretofore issued; that the said
Observation-Disclosures should be secured by o
mortgage of the property and franchises of
Ethe company, such security, in the opinion
of the committee, being alone amply sufi-
cient to give them fair market value.
4. RESOLVED, That the president and
directors be instructed TO- petition the Legis-
ature of Virginisa at itsnext session to repeal
all laws looking to the transfer or cession Of
the property and franchises Of this company
to the United States Government, ,.or to any
person or persons whatever. .s5a x
5. RESOLVED, That as this committee has,
neither the time nor sufficient material to
enable them to report upon the general con-
dition and finances of the company, 1t is re.
commended that committee Of three, one
of whom shall be State proxy, be ap-
pointed by the chairman; whose duty itshall,
be TO make personalinspection OF the whole
line of the canal, thorough examination
sources Of thelcom panv, and make report
to an adjourned mt eting Of the stockholders,
TO be held in the city Of Richmond on the
first Wednesday in February, 1876, at II
o'clock A. H., and that the expenses of said
committee be paid by the treasurer Of the
company. sa# ~. s.s.l,u ~
6. Resolved. That the president and di-
rcctors be requested to cause to be printed,
not less than ten days before the annual
meetings Of the stockholders, their reports
and accompanying financial statements, and
to forward by mail to each proxy. of the
State and of the cities Of Richmond and
Lynchburg copy OF the same, and to fur
Dish to- other stockholders applying 9. copy
of the same: and that the proceedings of
the meetings of the stockholders be also
printed as early as practicable after the adj
journment thereof. r.
7.,Resolued, That the bylaws Of the com.
pany be sO amended as to provide for the
pay ment of the actual expenses OF the direc-
tors while attending any meeting of their
Board or other business of the committee.
All of which is respectfully submitted.
T. N. WILLIAMS,
JOHN A. MEREDITH,
r . FRANK g.. RUFFIH,
Z G;e.'i W. 3. ROBERTSON. !.
MIR. Williams having read the report made
la brief explanation to the stockholders OF the
reasons which induced the committee to adopt
the abcye several resointions.
The report oi the commlttee was lscelSeu,
and on motion OF Mf. Hlgglns, OF hcnlnoau'
the resoiuNons were, aaopteo sstlatn' ga .ea'
cept the fourtn resoiuslon, Wnicn' on luo'
ton, was voted oo"n. n
TIE CANAL AND THE G. AND Q. b. R..
go .r-..., ~ ,.,...fTse ~. ort .
pag 'ae as ~ tbn nrohahility of the
,s ch esaneaKs and obiorailroad refusing to al.
low @ any Of The coal from the Yves. to be trans
ferrei, at Clifton Force to the canal This
view Of the matter was taken BY Mr.. Ellis.
Other stockho holdefs contended that tne
Chesa peake ana vnlo Ioaa Mouao sao,so p n1;seS
ie transfer leua Gaes ~ huln Ioa1 - fobnnna
Forge as Goulu Possloiy W." ~ ths
ana lt Weniu tneIslors ge .Il muIu as nvfs thot,
lnterest9E ths Fonu w plAus .As sSat ~
point. BESIDES tnis, ny Ing ssbiy ~ y.
their cnaroer tney lWohl1 ~, w ~
90 sos IL, tba
Dr. MOTIFS, O, s.a.sl ason .as rnu,
Cnt sipeatKfee an9 ONO iai,loau W. ~ ooeI
bringing 10 tnis Guy slsniy 5as nors;na
PEE Say tEss sosd wc,,ii, hring to-
gsys ~ ans nnn ua, agna rnafnr San.
Rehmond "a oee ear.ieaas Q, cos' OF ~
QUO tons aSsne.y MSuso. sSa. nsnar
inc.easeu sns snst III y ~, s sRic.
Ml. Stiaus sta.eV n. snas. .ne S,3 g. II .iasss
mohI mo aiohs sTs az y 1Sin ass for
WV S1es aI., ..,