Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1898-12-10
transfer of the bOna already in the hands

transfer Of the bond already in the hands
Of the city.
He asked for the extension OF time, ae
said because the Haxail Mills. wheFe
the company proposes TO erect It's pant
Is now In the hands OF receiver, ana lhe
property cannot beFoccupied unul inc
expiration Of lease. The new company
proposed TO operate under the franchise
granted to the Virginia Electric 'oh
pany. and to allow the franchise grahtsu
to the Southern Electric Company 10 uie-
There was no difference between tieSe
two ordinances. Replying 10 Mr. Allen,
Mr. SHIELD said the new title included
the word railway because II was Tile
wish of the new company 60 have
different title from the old one, while
still retaining the word virginia Inc
amended charter would give TO the new
company the right to construct and ope-
rate a railroad. he said. but only under
such provisions and restrictions as the
city Council might impose.
INTERSTATE COMMERCE LAW.
Mr.. Allen raised the question of the
interstate commerce law, and It's pro-
bable application in this case The ques-
ton whether the new company might
not run mail-cars over their lines. u
they constructed railroad lire, and SO
secure themselves against the abroga-
tion Of their privileges, was also touched
upon, but all doubts as to such con-
tngency were apparently set at rest py
Mr.. SHIELD. Mr.. Ebel offered an ordi-
nance Amending and reordainlng the Old
ordinance of the Virginia Electric COM
psny.
THE CITY ATTORNEYS OPINION.
The CITY Attorney said the first point to
he
was duly organized. The petition was
signed by "The Virginia Electrical Rail-
way and Development Company, by Coun-
sell" but he thought a resolution of the
stockholders should be presented with IT
to show that IL was properly authorized.
Replying to a question put by Mr.. Al
len. Mr. Pollard said there was no eVi-
dence to show that either company agreed
to the transfer. Mr. SHIELD promised that
these matters would all be presented 20
the Council.
Mr. williams said he could produce the
minutes and seal Of the old company,
which would show that. the old company
had been absorbed by the new.
Mr.. Pollard advised that the committee
should have the official evidence Of the
transfer. If that were established there
would be no ground for objection TO grant,
ing the petition.
WILL SPEND A MILLION
Mr. Williams said the company had ac-
quired the mills. and it was necessary to
go TO work at once on certain part OF
it. Delays would embarrass the company
which was about to spend million dol
lars in this city.
The chairman recommended that the
matter be postponed until Monday next.
He WAS heartily i'm favor of the franchise,
and would do what he could 10 promote
1t. but ample time should be given to the
committee i'm which 10 consider the mat
ter The city had suffered very much In
the past by such matters being rushed
through.
The ordinance introduced by Mr. Ebel
was referred. at his request, 90 the city
Attorney. together with a resolution pro-
viding for the transfer OF the bonds of
the old company.
Mr.. Williams said he had been engaged
during the past few days making ar
rangements for the construction con-
tracts, which provided for an outlay of
$685. 600.
The committee then adjourned until
Monday evening next.