The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1879-07-14
OFFICE OF The JAMES RIVER AND KAyAwuA) J
COMPANY. ~ -:
RICHMOND; VA. July Il, 1879, J.
ITO THE rpEnTrfIpc nm nrIr5r.x<rc

IEIyER Ely e ptis hND 2. 5KANAwiIA CONAN
SHSAt ssksSAsH 50 sHk HsB f'SE Gi2F6Kh 2P Gn,
3SILF3! * FKi!ih111 i 5ilE fa 5AlEs lfsk'sS
ms richmond and Allegheny Railroad Comnnv
ElS,rs ia,ea 10 make pnrchasc Of tile works, pro.
perty- and franchises of this company within ihf
| serm prescribed In The act Of the General as
seubly OF Virginia, approved Febrr,ry o7tia sra
he supplemental act apprnscd April z. 1879, and
Ibis ecnnany July /. $40 have beconr n1,srstiyp
are N in force, and are ptshcai for the iniorma-
| ton or All concerneG-as follows:
"in Nct to authorize the .Isres Pfn-y oad "a.
nmgk1 CompaRyto make sdte and tyrnsT.r n,
i Mn tss ,eorts property. ami franchises. and 10
1nrcssfhe purchaser oT purchasers 10 csr:at .
c'TpoFMe r'ghtS. potcers. asd franchises ="
fApproved April2 1871
" hersas the General Assembly Of Vir-pn,n Inn,
ptssS' ec ih SSt approved The 9th Cay Of Febrrary
~: entHsa af ac' TO authorize HE Jsmer River
of all iis ~orAs. plepcriy. ana frfncGi,cs IN i,c
Richmond aau AHEhany Railroad OoInnaur. a,ii
70 no GGe tne power. ana duties of tlicBoard OF pb-
C orhs In Tesrecf thereto: and wacrpas II /. de-
sired TO proyEh tbr'fhe contingency frat tba Ps,s
mond and Allee1,an! Railroad Comnsny NAV Sot.
chlscs OF the james Rsvcr and EanawbS t,omn,a,.
rs cont. Hpafed In said act now, therefore,
T., -, l.. Be u uchdcEs75nshe General Asstrvbiy. Thst.
In the event thai tGe ltirnmond and Allerbanv MI
road Company slal not purchase the wrrbi. nron-
ertf ara franchi;es Of rae James River aud Ka
naIha Coa pany wthinfhe term prpStrireJ Inv s,id ,
act, that Then the Jarfrs River and Kaua ,y,,n i,o,n
ranv IS hereby authC-tspd TO sell aud corey Ali Of
lts works. property. and sranchises 20 asy other
NE STATE OF VlrsInia rcpns ening IT'S stocx In The
authorized to voe for s;fnn s,c and
provided that the contrustef sale and conveyance
shan contain all the prtT,si"ns and Conditions set
She 9Th day OF February, 1870. and shall no, con
tain any provisions or conditions incona atstcut
Herewith, tXccpt that any CONTRACT maze undeeihe
prnFl,"rs OF this acr by .Fwith the james River
aud kanawta Company, ~ w ana with the En.
chanan and Clifton Forge Railway Company. nav
c mad" at any time after irTaiiure Of ucnefiut 'tns
with the Richmond and Antr4sauy Railroad J,ort.
pany under tho said act, approved February 9Th
Of the provisions of ;his s'si'l pass to the pr.
chaser all the works, property. Y franchises of the.
al The time ri the sale, except :r the same m
be inconsistent with lie contra st or sale. aud Ma,
purcha cr shall henccf0rih tea corporation by an :
name which may be set forth in Sahl conveyance. or
IN any writing signed by said prctSc- aud recorded.
in the court in which The cOnvcyn nre shall be re-
corded. And The corporation hut created shall be
liable to perform nj The duties and obligations Of the
James River and Kanawha Company. except so Tar
rs The same may bAinconsi>icnt win. The contract Of
ito" shall be personal estate. and he or his assigns
may create So many shares o. stock therein he
they may think proper not txceediss together The
amount Of stock held in the Jam, River and Kana-
villa Company at the time cf sale. aa assign The
same III book 10 be kept for that purpose. The
said shares shall thrnccfOrh be- on 1e footing of
cert only iha. The first meeting of The Stock
holders shall nc held on snch day and at
such place as shall hc liked by the said purchaser,
Of which notice shall he published for two weeks In
Il newspaper published in the city of RiehlHond.
81 In Sa1lion TO- such rshts: powers, prlyileges
sections, the said purchaser shall be: Invested with
Ill The corporate powers and franchises necessary
for con>tiuc ins cqupping, ialmlatni inc, aud opr.
iug the railroad contemplated in the ucL aforc
s,id. approved the 9th day nf February, 1879,
anl by contract with The Bu:haunn ana Clifton
piItt
: 4. ii shall be lawful fer The corporation thus
'eatcd IL borrow mnncr Il aid In the construction
and equipment OF is railroad. and tor that purpose
to mortgage its works nronerty, and franchises.
-. This act shall be In force from lis passage.
At meeting CT the Stockholders OF The James
River and Kanawha Company held on The Isl day
Of July. 1879: the following 0r'irr WE, adopted:
sion of 1859 passed an act cuttled An act 10
authorize III: james River AMI Kauawh In Company
an p r,ncsas and to invest the pnrch1er or pn
chascrs with certain corporate right. mowers.
and franchises, approved April 2: 1879: and
company, looking to tic aban ionmcnt Of The
canal and the substitution Of a railway In
negotiations with the Richn ond AMI Allegheny
Railroad Company, Is uncrr ain rs To- The time OF
ITS consummation, thereby impairng the hr>ne's
of the canal and injuring The usefulness Of The con
pany 1t Is ordered that the Pres idcnt lie aShorized
and empowered to confer with the creditors OF This
company 10 sec upon what terms they Will settle
their claims against the company under any sale
or transfer contemplated under said bill, or with
the company Itself.
"Resotred. 2 Tha, the Pl esidert be authorized 10
confer wi II individuals or corporations looking to
the substitution Of Il railroad for the canal
..Anh whereas such negotiation may be protract-
cI. and the maintenance Of Il Sufficient number ot
Ee e'ls 'lsopaare }he o his hii' to,ny % TSE + hefe
pledged that without impa;ring or Interfering with
The provisions OF clause + section l. Of the act
approved February 27, 1879 as tn compensation
Ior boats heretofore built frr use on the canal.in
any flurc contract for the safe or transfer OF ne
property OF this Company ample provision VIII he
made for The prompt payment TO owners OF the
ccua lie value of all boats designed for us on the
canal the construction OF which may he with and
undr thc express sanction of The rrsicenl ut r!rs
company, hereafter commenced Oh Tie line ol he
caual.
..Rcsolred. g. That the President. pending these
ue.0t,aii0n.. i instructed to prosecute canal re-
na., 10 completion. anu 10 make such arrang lncnts
rs will insure lii. srcrdy completion of The Euc!nnan
and Clifton fG".c railrpa!.S
The UNDERSIGNED Is now ready to make negntia-
tious. gran, permits. anl receive propositions, a.
contemplated by said &C, ard r. solutions.
JOHN W. JOHNSTON.
is IL cOd3t President.