Wilmington daily commercial., 1875-01-13

LEdIsLATIoN IN PBodREss-THE NEW RAILROAD
PRoJEcr-cLAYMoNT, VIA. WILMINGTON TO dLAs-
dow-A COURT OF QUARTER sEssIoNs-THE POT
TER ESTATES, ETC.
Especial to the Commercially
DovEB, Jan. H.
At 8 o'clock, yesterday, all the members or
the Legislature were on hand, except Stockley
of the Senate, and Lambdin of the House.
THE WILMINGTON AND cHEsAPEAKE RAIL ROAD
COMPANY.
The main feature of the proceedings in the
House was the reading of Mr.. Nowlands bill the
first time to incorporate the Wilmington and
Chesapeake Rail Road Company. A respectful
silence prevailed while the bill was read, which
ia but the calm before the storm that is expect
ed when two giant corporations pitted one
against the other.
As we have already stated, the proposed road
III to run from Claymont in the upper end OF the
State, down the Delaware River Shore, crossing
:he Christiana south of Wilmington and leave
the State about two miles South West OF elias
gov, and from thence to Welsh point in Back
Creek, an arm of Elk River, in Maryland. The
authority to build the road from the Delaware
State line to its South eastern terminus. is de-
rived from the general Incorporation law OF
Maryland, 80 that the only legislation required
III for authority to build it through Delaware
The following is d condemnation Of the bill
Section 1st. authorizes William G. Whiteley,
Isaac b. Trimble, j. Wilkins Ceoch, Jonathan
Groves and John l.. Quigley, to open suitable
books for subscription to the stock of the Will
mngton and Chesapeake Railroad Company, at
800 per share, and fixing the capital stock al
S1,00O,000 with the privilege to increase the
amount
The second section authorizes the Company
soon as 1000 shares are subscribed, to sue ant
be sued, &C., and to declare dividend of profits
and have a common seal, and all other corporate
powers. Section Sd provides that as soon al
1000 shares are subscribed, the said commission
ers, after 10 days notice, shall call meeting
the stockholders in Wilmington to organize sait
company by the appointment OF Office.
Section provides for an annual meeting oi
the Second Wednesday of January for the eiec
ton Of Directors and the transaction OF othe
business.
Section 5 provides that at the annual meeting
seven Directors shall be elected, q majority o
whom shall be from Delaware, and otherwis
prescribers the duties of Directors.
The tenth section authorizes the company
survey, lay out and construct a railroad not ex
ceeding 66 feet in width, with one or more Track
from tho town of Claymont and thence by sue
route and over such land as the said compan
shall select, to point near Iron Hill, about tw
miles south west from Glasgow, and from thenc
to Welsh Point, on Buck Creek, an arm of III
River.
No other sections relate to the usual cond
tions and requirements of its incorporation. III
road proposed ID about 26 miles long and woul
give the Philadelphia & Reading road dire
line to the Chesapeake.
THE CONSTITUTIONAL AMENDMENT.
The resolutions of Senator Moore, few da.
ago,to ratify the constitutional amendm ent pr
vding for general Incorporation law, Al
which was laid over at the instance of Mr.. Ri
die, was called up yesterday and passed in Il
Senate, without opposition The same resol