The times. [volume] (Richmond, Va.) 1890-1903, 1900-04-17
|.IYEAi COMPANY
HAS TAKENCHARGE
Formal Transfer Of Old
Electric Lines Made.
I WORK TO BEGIN SOON
Reconstruction Of the Lines and Bet
ter Service Promised.
A CONSOLIDATED MORTGAGE
Filed by the Richmond Passenger and
Power Co. in tho Chancery Court
Ycstcrday-Thc Company to Is
sue Bonds to the Extent of
S3,O0o,OOO to Pay or
Its Inle eduess.
WORK TO BEGIN SOON
Reconstruction Of the Lines and Bet
ter Service Promised.
CONSOLIDATED MORTGAGE
Filed by the Richmond Passenger and
Power Co. in tho Chancery Court

The Richmond Passenger and Power
Company is now in possession OF all the
electric lines in this city and Manchester
except those controlled by the Traction
Company.
The formal transfer of the rights. prlvl-
leges and properties of the Richmond
Railway and Electric Company and allied
lines was made yesterday, and the Rich
1nond Passenger and Power Company has
taken charge.
A special meeting of the Council Will
be called for Thursday night, and the
bonds will be surrendered.
The new management will fit up offices
in the Mayo Building, No. 100 East Main
Street which will be occupied until the
company's proposed building, to be erected
at Seventh ana Franklin Streets, is ready
for occupancy. All of the old officials
will be retained, with one exception. and.
Mr.. a. Welsh, formerly connected with
the Adams Express Company, has been
elected secretary and treasurer
| The Richmond Passenger and Power
Company has ordered thirty new trucks
of the J. G. Brill Company, Philadelphia,
for new cars. and from the Jackson
2O-foct closed and thirty 2S-foot open cars
Two hundred tons of sirder rail have
! been ordered for immediate shipment OF
! the Lorraine Steel Company, ana 800 tons
! for future delivery. Orders nave also
| been placed for switches, curves and
crossings, to replace those now in use
| in Richmond and Manchester. The New
| York Switch and Crossing Company, OF
Hoboken n. j., has the contract
| Bids for engines, boilers and dynamos
sufficient to double the Johnson and
CONSOLIDATED MORTGAGE.
Mr.. George E. Fisher, of New York. was
| in the city yesterday morning in order TO
confer with the street-car magnateS here
relative to the transfer of the various
I lines.
\ consolida ted mortgage was filed yes
| terday morning in the Chancery Court by
! the Richmond Passenger and Power Com
pany for $1,000, eco, with the Merchants
! Trust Company. of New York. as trustee
| Under the mortgage the Richmond Pas
| senger and Power Company propose to
! operate and maintain street railways,
! electric and other works, in the cities of
=! Richmond and Manchester, and the coun-
| ties of Henrico and Chesterfield.
Three thousand bonds. each of the value
: of $1,000. will be issued, dated as of jan
uary i. 1900, payable in gold coin twenty
five years after date. with interest at
per cent. per annum payable semi-annu-
ally.
The paper Is signed by James D. Pat
ton, president of the Richmond PaSSen-
ger and Power Company: George AIMS
lie. secretary. Edwin Iangdon and John
| 3. Grant, president and secretary, respec-
lively. OF the Merchants Trust Company.
HEAVY TANEs.
The cost in taxes, &c, for recording
the transfer amounts to about $4,000.
Deeds of transfer were flied by the fol-
lowing branch companies for the amounts
mentioned:
I Fairmornt Traction Company, for SO.
Richmond and Manchester Railway
/ Company, for So
Seven Pines Railway Company, for $40
Manchester Railway and Improvement
! Company, for SO.
Richmond Railway and Electric Com
| pany, for $40.
! The deeds of conveyance referred to
transfer in each case all the works,
| property-real. personal and miNed-fran-
| chises. rights. privileges and immunities
| owned, possessed or enjoyed by the party
! of the first part, or to which it is in any
| manner entitled, in the city of Richmond.
| the city of Manchester, the county OF
! Henrico, the county OF Chesterfield. the
! State of Virginia. or elsewhere. under the
| acts of the Legisa ture of Virginia, or
! orders or DEGREES of any court. or orders
/; or ordinances of the City Council OF
/ Richmond, or any other public body or
/: officer.
! The property is turned over free of all
/: encumbrances, save the mortgages, which
! in each case is as follows:
j THE PROPERTY CONVEYED.
| The Richmond and Manchester Railway
(! Company conveyed all its works. pro-
/! perty. rights. &C., to the Richmond Pas
! =senger and Power Company. The grantee
! shall have quiet possession Of the said
! property free from all encumbrauces ex-
! ccpt a mortgage for 100000.
The Richmond Railway and Electric
| Company conveyed all its property. rights.
! franchises. etc. to the Richmond Pas
| senger and Power Company. a mortgage
/ for s., COO, Goo is put on this property. The
deed of con7eyance is signed by John y.
! Mum. the president, and F. j. Craisie.
1 the secretary.
1 - The Seven Pines Railway Company con-
veyed to the Richmond Passenger and
/ Power Company ailri,s works, property
| rights. privileges, franchises. sc. The
/, grantee shall have possession of the pro-
perty free from all encrunbrances except
| mortgage for $3.50, 600.
| The Fairmount3 Traction Company
/ transferred all its works. property. &C.,
, to the Richmond Passenger and Power
! Company. No mortgage appeared on the
deed
i Ma nciester Railway and Improvement
!: Company conveyed to the Richmond Pas
|! senger and Power Company all OF Its
! works, property, rights. privileges. fran
| cftses and mmunities,Sexcept certain
IS rights. privileges and franchises which
t have been or are to be trans :erred or sur
rendered to the city ofsR Richmond. pursu-s
s 4 = ut to a n finance adopted by the Coun-s
q I'll sof the city OF Richmond. The said
1t,ar fro5y fepf,t