Chap. 220.—An ACT authorizing the South-side Railroad Company to
borrow Money.

Passed January 18, 1866.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful for the president and board of directors of
the South-side railroad company to issue the bonds of the

said company, in such form and at such rate of interest as
may to them seem expedient, to an amount not exceeding
the balance appearing to be due upon a loan, made to the
said railroad company by this commonw calth, under an act
of the legislature, passed February fifth, ciehteen hundred
and fifty-three, and to mortgage all the net tolls, receipts and
,property, real and personal, of the said railroad company for
the true and proper payment of the interest and principal of
the said bonds.

”, Be it further enacted, That the mortgage herein autho-
rized to be made by the president and board of directors of
‘the said railroad company, for the security of the bonds
aforesaid, shall enjoy the nehts, privileges and quarantees,
and in all other respects shall occupy the place and stead of
the mortgage now held, by this state upon the said road, for
and on account of the loan made the said railroad company,
under the act of assembly of the titth of February, eighteen
hundred and _ fitty -three > the full foree and effect of such
mortyeage to the state being hereby suspended, and the claims
thereof are hereby postponed until the bonds issued under
the mortgage herein authorized to be given in its place and
stead as aforesaid, shall have been paid.

3. The board of public works shall determine the amount
of bonds that shall be issued under this act, and shall certify,
‘on the sud bonds, the proper issue of the same, in conformity
therewith.

4. Be it further enacted, That it shall be lawful for the city
of Petersburg to guarantee the payment of the interest and
principal of the said bonds: provided a majority of the
qualitied voters of the said city shall authorize such action;

and the proper authorities thereof shall cause the sense of
the said voters to be taken in the premises, whenever 80 re-
quired by the president and board of dircetors of the said
ruljroad company: provided, that such guarantee of the said
bonds shall not be considered as a condition precedent to the
full and complete operation of this act.

v. ‘Lhis act shall be in force from its passage.

Chap. 220.—An ACT authorizing the South-side Railroad Company to
borrow Money.

Passed January 18, 1866.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful for the president and board of directors of
the South-side railroad company to issue the bonds of the

said company, in such form and at such rate of interest as
may to them seem expedient, to an amount not exceeding
the balance appearing to be due upon a loan, made to the
said railroad company by this commonw calth, under an act
of the legislature, passed February fifth, ciehteen hundred
and fifty-three, and to mortgage all the net tolls, receipts and
,property, real and personal, of the said railroad company for
the true and proper payment of the interest and principal of
the said bonds.

”, Be it further enacted, That the mortgage herein autho-
rized to be made by the president and board of directors of
‘the said railroad company, for the security of the bonds
aforesaid, shall enjoy the nehts, privileges and quarantees,
and in all other respects shall occupy the place and stead of
the mortgage now held, by this state upon the said road, for
and on account of the loan made the said railroad company,
under the act of assembly of the titth of February, eighteen
hundred and _ fitty -three > the full foree and effect of such
mortyeage to the state being hereby suspended, and the claims
thereof are hereby postponed until the bonds issued under
the mortgage herein authorized to be given in its place and
stead as aforesaid, shall have been paid.

3. The board of public works shall determine the amount
of bonds that shall be issued under this act, and shall certify,
‘on the sud bonds, the proper issue of the same, in conformity
therewith.

4. Be it further enacted, That it shall be lawful for the city
of Petersburg to guarantee the payment of the interest and
principal of the said bonds: provided a majority of the
qualitied voters of the said city shall authorize such action;

and the proper authorities thereof shall cause the sense of
the said voters to be taken in the premises, whenever 80 re-
quired by the president and board of dircetors of the said
ruljroad company: provided, that such guarantee of the said
bonds shall not be considered as a condition precedent to the
full and complete operation of this act.

v. ‘Lhis act shall be in force from its passage.