The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-03-27

$4,000. That this corpora ton b. nj.
lowed TO receive gifts from whatever
source. and chat stock be Issued TO the
DONORS In The amount donated That
'he expenditure Of all sums be made
under tho supervision of the highway
commissioned, with the approval OF
mo directors, tho commissioner 10
work in harmony with ,hs various
supervisors in tho counties throug n
~hlch the road will mass.
The comnittee further recommended
that only SO per cent OF the money
subscribed should be spent in the con-
htrucuon OF the roadway, and that tho
remaining 20 per cent. be Withheld FOR
tho purpose OF maintaining the high
way. once 1t Is built 1t was further
recommended that no county should be
aided from the general funds unlcs,
thht county agreed to pledge Itself TO
the upkeap Of that portion OF tho road
passing through the county in cues.
tion for term OF years. The prin-
cipal otlcGA OF the corporation ara to
DO In Richmond. with branch Offices in
such other places as the board of d.
rectors may dec!ds
No officer. except the secretary &c
to receive any salary. and the stock is
never to declare any dividend Assist
ant secretaries and treasurers may be
named as tho demand for these an
s!stants nocomes apparent The board
'of directors Will. according 10 tho
committees report. consist OF from
twenty to twenty-five members. dfstrl-
buted throughout the territory ira
versed by the Highway including Rich
1nond. Fredericksburg and Washing
ton. with an executive committee com
posed OF from five to seven peoIfe.
Appeals 10 business AIen.
1t was the sense of the committee
that such On organization would an
peal to the business men whose aid
would be asked toward building tho
road, as each subscriber to the fund
would then have n right in law 20 de-
mand All accounting OF tho money
given. 1t would also give the cor
porauon the right to sue any sub
scrtbcr for the amount pledged. max
ing unpaid subscriptions unknown.
The action Of the meeting in accent
Ing the report was unanimous
Representatives from the Chamber
OF commerce. the Business Mems Club
the Advertisers Club. the Richmond
Automobile Club, the South Richm ond
Business Mems Association. the Trav-
elers' Protective Association. the
United Commercial Travellers and tho
Hotel Mems Association were prescnt
Just as soon as the approval of all
Interested IS secured the application
for charter Will be made 1t is
thought that Washington will be
heartily in FAVOR OF tho proposed plan
and that the counties and towns along
the route will likewise give their ap-
proval rs soon as the move Is cx
planned. Once the opinion Ia unani-
1nous and the charter issued stock will
be offered for sale. and the men in
terested think that enough will be
sold In short order to build the road.
Not all Of the money subscribed for
stock will be collectable Mt once. Call
for payments will be made as the
money Is needed.
Among those present at the meeting
last night were: John c. Easley, r. q.
Airport. Thomas P. Bryan, Julien II.
Hill. j. st. Julien Wilson, M Flor
aheim. ]. B. Alsop. Joseph L. Willard.
j. G. Corley. James Disney S. Atkin-
son. Lee A. Fogler. w. T. Dabney.
Samuel Regester. William Schmidt. w.
d. Duke. H. W. Anderson, S. Cohen.
Preston Belvin, r. A. Dunlop Warren
p. Taylor, w. A. Crenshaw, It. G.