The times. [volume] (Richmond, Va.) 1890-1903, 1898-12-23
And the Bond Also Changed from
$4,000 to $4,000.
THE OLD BOND TRANSFERRED.
liz VIII be in the Name of the New
Company, Which is Simply the Old
One on a Larger Scalc-Most Of
tho Stock Subscribed Is
Kichmond Capital-Much
Money Already Spent.

'"~'N was Il 'diitu mcttlnS OF tne tOms
mon Coucll last night to consider an or
dinanco pertaining to the rights and
privileges asked for BY the Virginia Elec-
tric Company of Baltimore city.
The following members Of the Council
were present al roll call. which was forty
minutes aftor the time announced for the
meeting:
Messrs. Bloomberg. Camp. Curtis. Fer
gussOn, Gibson. Grimes. Gunst Harrei-
son Hoeke Hobson. mccarthy. mills,
Peters. Pollock Shea. Tanner. ,Teefey.
Whalen. Williams, Winston, Woody.
and Caskie.
Clcrk b. T. August read the call for
the meeting, and then read tho former
ordinance which had been considered.
and also the amended provision as pro-
posed
THE OBJECTS.
The latters purpose Is 10 amend and re-
ordain the ordinance approved December
23d granting certain rights ant privi-
leges TO the Virginia Electric Company
of Baltimre City, so as TO change
the name OF the company To the Virginia
Electrical Railway and Development
Company, granting the company three
months longer time 10 begin work, set
ting the limit at March %. 1899. and re-
quiring the company TO furnish bond 10
the amount OF $4,000 instead OF 5000
within five days after the Approval OF the
ordinance instead Of twenty-five months.
IL Is set forth IN the ordinance that the
company will on or before october q.
1899 have all OF the hydraulic work sur
hclenty completed 10 generate ana fur-
nish electric power TO the extent OF al
least 1000 horse power, and that II VIII
before the above date begin 20 erect
mt -
work so as 70 furnish light and power
within six months preceding that date
10 manufacturers ani persons desiring
the same to the amount OF 1000 horse
power.
MIR BLOOMBERG EXPLAINS.
Nv request Mr. Bloomberg suD-chair-
man OF the Committee on streets, ex-
,,lained the ordinance with its proposed
amendments which he said was pracu-
caliy the same as the ordinance adopted
about a year ago. granting certain
rights and privileges to the Virginia
Electric Company This company hah
sold out their privileges to the new com
pany and the changes requested would re-
suit In the citys advantage IL was
stated that there was about sisG.c0 OF
Richmond capital invested in the entcr-
PRISE according TO the statement Of those
connected with the company
The ordinance was then adopted by
vote OF q 10 0.
The ordinance permitting the Withdraw
al from the City Treasurer OF the 5000
deposited by the Southern Electric Com
pany. and allowing II 10 be transferred
TO the Virginia Electrical Railway and
Development Company was read and ex-
planned
Mr. T. r. Williams. representing the
company explained the ordinance. which,
said he, was but the transfer OF the
bond put up by the Southern Electric
Company 20 the Virginia Electrical Rail-
way and Development Company. which
owns the rights and privileges OF the
other company and was practically the
same company on a larger scale. The
new company would carry out - much
larger plan than was contemplated BY
the Southern Electric Company. Ho
stated that the proposed enterprise would
be OF great benefit 20 the city of Rich
mond A majority of the stock was
subscribed by Richmond capital. which
was about $4,000.
Mr.. Williams stated that the company
had already spent about $4,000 In laying
their plans 10 push the enterprisethroush
and several prominent hydraulic enei-
neers were at work on the specifications
and drawings.
The ordinance was adopted with one
or two dissenting votes.
MADE QUICK TIME.
After the adoption Of the ordinance,
Presidents Caskie and Turpin. Of the
Common Council and Board Of Aldermen.
and Mayor Taylor met In the office OF the
City Clerk and the measure passed by
the two branches Of the Council was en-
rolled. engrossed and signed by all three
Of these gentlemen. This is the quickest
time on record.