Chap. 17.—An ACT authorizing the Richmond and Petersburg Railroad
Company to borrow money.

Approved March 5, 1870.

1. Beit enacted by the general assembly, “hat the Richmond
and Petersburg Railroad Company be and are hereby autho-
rized to borrow, from time to time, such sums as the exigen-
cies of the company may require, by disposing of the bonds
of the company to an amount not exceeding in the aggregate
the sum of one hundred and seventy-five thousand dollars, on
such terms and at such rate of interest, not exceeding that
permitted by the constitution of Virginia, to individuals, as
may be fixed by the president and directors of the company ;
and for the purpose of securing the payment of both principal
and interest, to execute for and in the name of said company
a deed of trust or mortgage on all the works and property of
said company, with such provisions as the said president and
directors in their discretion may deem judicious.

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