The times. [volume] (Richmond, Va.) 1890-1903, 1891-08-01
THE TUNNEL FRANCHISE.
The Committees on Finance and Streets
viii Recommend II.
i $1,000 FORFEIT is TO Be PUT Up.
y,. ordinance Prepared by the City Attor-
u.y wss Read and Approved-Either City
or Personal Security Bonds.

;oint session Of the Committees on Streets
p;ropcs was called for O'Clock last even
- in tho Chancery Court room TO receive
consider the ordinance drafted by the
20, Attorney and City Engineer in regard to
.,c continuing Of tho franchise for the con-
-..,ion Of the tunnel under Eighth street
me Richmond and Chesapeake Railroad
Company.
ctv.At.orney Meredith, who had inst re-
mod from Cobb's Island, was present and
~ badness to submit tho ordinance, which
attained large portions of thu old ordinance.
rbe Committee on Streets was represented
- chairman Capers and iIessrs Belvin
J1seph ". Carter, Bahen, Curtis. I5rauer,
S.-.t-on Thomas. Gray. From the Finance
r..,,,tteo were present Messrs Hargrove.
80 rfris,ian. CRrnesl, GuigOn. Steel.
No. (auera briefly stated the object OF
49, meeting. and called on Clty-Attorney
Wsrolith 20 submit the ordinance.
NJ Meredith stated that he aid not think
.t.t tbe resolution merely granted an extern
s;on ~ the franchise but thought 1t would be
s5v,sahie 70 enact On ordinance for the pur-
use q rsgEantng the franchise, which had
fecn dofunct for over year.
TIE ORDINANCE.
Mr. Meredith then read the ordinance
,rbich he had drafted for the purpose II was
o rather lengthy document. which provided
for the granting Of the continuing OF the
building Of the tunnel under Eighth street and
tho laying OF certain tracks.
The Fpermissions granted by the franchise
,re % be revoked If any Of the prescribed con-
6.t0ns are not fulfilled. II IN TINS instance
The work Is still continued the Police Justice
shall impose fine from $50 20 800 IN every
~ 4. l.. 4 -,
sixty days after the ordinance has been APP
lroyed by the Mayor Tie work is to 10 COM
p eted within one year after the approval OF
he ordinance. n this is not done the work
completed mp TO that time shall become the
property of the city. The company also has
l. deposit bond Of 100000 within thirty
DAYS after the approval of the ordinance TO
secure any judgments obtained by property
owners for damages suffered by the cOnstTuc-
ton OF the tunnel The bond shall also Sc
cure any amounts TO be paid by the city IN
consequence Of the construction of the tun-
mel. whether for damages which the city
might suffer or for expenses incurred by the
filling in Of Eighth street, Il the tunnel should
be abandoned by the company.
PERSONAL SECURITY.
The new ordinance as drafted by Mr.
Meredith also provided that the company
could. il they 50 preferred, give INSTEAD
If this personal security bond OF 100
$3.50. btE cent. DQDQS Oh AAlt Guy u lAAtitA0AAt
PAYABLE TO the company 20 the amount OF
500 600 These bonds would have 20 be ac-
c mpauied by power of attorney authOTlz-
Ing The Mayor and Treasurer of the city 20
sell from time % time of the bonds If any
claims OF judgments against the company
were % be satisfied. However these bonds
shall only be sold on the written instruction
- that effect from the chairman of the Com
mitteo on Streets.
The personal security bond or those per
cent city bonds shall be surrendered 70 the
company one year after the cars are running
through the tunnel. provided that ut that
tine no litigation against the company is
pending
Mr. GuigOn moved 10 strike ont al that part
NJ the section which referred 10 the personal
securitv bond so as TO make IT compulsory
for tae company TO deposit per cent city
bonds
Nr Belvin suggested that It be made OPP
ti0naI for tho company TO deposit with tile
city Treasurer esther city bonds or United
States bonds TO the amount OF 100000. bus
vas agreed 10 by Mr. Guigon, and his motion
was carried as adopted.
The remainder Of the ordinance was then
read by Mr Meredith. and II appeared that
provision had been made that the company
would have to repienish the amount ~ lOO,-
200 in bonds whenever any Of them had been
sold TO satisfy claims or judgments.
DEPOSIT A FORFEIT.
Mr.. Strstton moved that the City Attorney
be instructed 70 add section 80 the ordinance
providing that the company should deposit
forfeit OF 10000 within ten days after the ap
prOval of the ordinance for the prom be-
thinning Of the work within sixty days after
the approval of the ordinance and for lis
continuance 10 the satisfaction of the Com
mitteo on Streets
Bir Jackson. who represented the Rich
mOnd and Chesapeake Railroad Company
and who bad consented 70 all the other provi-
si0ns Of the ordinance on behalf Of his COM
pauy. suggested that the forfeit money re re-
1uced to one half and Mr.. Stratton readily
consented 20 place the amount at 70, 900.
His motion was unanimously carried as
amended and the committee directed TO re-
commend % the Council TO pass the ordinance
in US amended form.
The Joint committee then adjourned, but at
tie request Of Captain StrHtton the Commit
tee on Streets was called together for short
session.
Captain Stratton moved 10 reconsider the
vote by which at the last meeting OF the
committee the application Of Mr.. Louis Euker
had been rejected TO lie permitted TO have the
cellar Of his new building. about TO be erected
on Broad near Eighth street capped IN con-
tomity with the provisions of the city ordin-
ances.
The motion was carried. and on Mr.. STRAIT
TOMS motion il was decided TO recommend 70
tie Council to grant the application.