Chap. 336.--An ACT to authorize the Seaboard and Roanoke rail-
road company to make contracts for the use and operation or lease
of connecting lines, and conferring certain other additional powers
on said company.

, Approved March 1, 1886.

1. Be it enacted by the general assembly of Virginia, That
it shall and may be lawful for the Seaboard and Roanoke rail-
road company, from time to time, with the consent of a ma-
jority of its stockholders present, at a general or special meet-
ing thereof, to make and carry out contracts for the use, ope-
ration, or lease of any connecting line or lines of railroad, lo-
cated or constructed in this state or other states, upon such
terms as may be agreed upon with the company or companies
owning or operating the same, and to use, complete, maintain
and operate such road or roads in accordance with such con-
tract or lease; and such company or companies with which it
may make such contract or contracts are hereby empowered in
like manner to make and carry out the same: provided, that
the line of the road of the company with which it may so con-
tract shall not be a competing or parallel line. -

2. It shall and may be lawful for the Seaboard and Roanoke
railroad company to acquire by subscription, purchase or other-
wise, or guarantee any portion of the bonds or capital stock of
any company or companies organized for or engaged in the con-
struction or operation of any line or lines of railroad in this
state or elsewhere: provided, that it shall not be lawful for said
company to acquire or hold any shares of the capital stock, or
to own or guarantee the bonds or other obligations of any rail-
road company of the state, the line of which does not actually
connect with the line of the Seaboard and Roanoke railroad
company; and it shall not be lawful for said company to acquire
or hold any shares of the capital stock, or to acquire, own or
guarantee any of the bonds or other obligations of any railroad
company of this state, the line of which is parallel to or a com-
peting line with the line of said Seaboard and Roanoke railroad
company.

3. On all property acquired by said company under and by
virtue of this act, said company shall pay taxes in money, and
not in coupons.

4. This act shall be subject to alteration, amendment or re-
peal, by any subsequent legislature of this state.

5. This act shall be in force from its passage.