Chap. 124.—An ACT to amend the preamble of the act passed February
Lith, 1867, entitled an act to authorize the transter of the Property,
Charter and Frauchjses of the Manassas Gap Railroad Company, and
the Stock Shares in the same, to the Qrange and Alexandria Railroad
Company,

Passed April 20, 1867.

1. Be it enacted, That the premable of the act passed the
fourth of February, eighteen hundred and. sixty-seven, en-
tiled an act to authorize the transfer of the property, char-
,

ter and franchises of the Manassas gap railroad company,
and the stock shares in the same, to the Oranve and Alexan-
dria railroad company, be amended and re-enacted so as to
read as follows:

“Whereas, a petition has been presented to the general
assembly by the president of the Manassas gan railroad com-
pany, setting forth that a contract is being negotiated be:
tween said company and the Orange and Alexandria railroad
company, Whereby the charter, franchises and sll the pro-
perty of the Manassas gap railroad company shall be trans-
ferred to and be vested in the Orange and Alexandria railroad
company; and also, whereby all the stock held in said com-
pany, Whether by the state, dy the city of Alexandria. by
counties and towns, or by individuals, shall, with the consent
of the stockholders, be transterred to and be merged in the
said Orange and Alexandria railroad company, upon the said
last mentioned company complying with and pertorming the
terms, stipulations and conditions herein set forth, to wit:
That the Orange and Alexandria railroad company shall com-
mence the rebuilding and construction of the Manassas gap
railroad within six months from the passage of this act, and
complete it to Harrisonburg within two years from said
date; and that the said Orange and Alexandria railroad com-
pany shall assume the payment of all debts due by said Ma-
nassas gap railroad company, whether bonded or floating,
and whether now ascertained or to be ascertained; and that
the charges for transportation of local freights and passengers
shall be the same, pro rata, on the lines of the Manassas gap
and Oranve and Alexandria railroads: and that two directors
be added to the board of the Orange and Alexandria railroad
as now constituted, to be elected by the stockholders, of
whom one shall be taken from the Piedmont and the other
from the Valley counties, on the line of the Manassas gap
round; and that all the property, rights, charter, franchises
and stock granted and transferred to the said Orange and
Alexandria railroad company by the contract, shall be for-
feited and revert to the Manassas gap company and its stock-
holders on the failure of the said Orange and Alexandria rail-
roal company to comply with and pertorm the conditions
and stipulations of said contract; and whereas, said petition
sets forth that it 1s necessary, In order to vive validity to said.
contract and to carry it into eflect, that an act of assembly,
authorizing it to be entered into, shall be obtained; and fur-
ther, that to enable the said Orange and Alexandria railroad
company to obtain the money to complete and equip the said
Manassas gap railroad, it should be authorized by law to bor-
row a sum not exceeding two million dollars, to issue the
bonds of said company, and to mortgage both its own road
and the newly acquired Manassas cap road, to secure the
payment of said loan, and it is deemed ex cpedient by the said
general assembly that the prayer of the petitioner be granted:
Now, theretore”.

2. ‘This act shall Le in foree from its passage. *