Chap. 73.—An ACT to provide for the decrease of the nominal amount of
the common capital stock of the Chesapeake and Ohio railway company.

Approved January 17, 1900.

1. Be it enacted by the general assemblv of Virginia, That with the
consent of the holders of more than a majority of all the outstanding
stock of the Chesapeake and Ohio railway company, which consent may
be given either in writing, with or without anv meeting of stockholders,
or by a vote at a general or special meeting of stockholders in person
or by proxy, the board of directors of said company may reduce the
nominal amount of the present common stock of said company to an
amount not less than one-half thereof. Any and every such consent
given pursuant to the provisions of this act, either in writing or by vote,
shall be irrevocable, and so soon as such consent shall have been given
by the holders of more than a majority of the common stock of the
company, the decrease authorized by this act shall take effect imn-
mediately, and ipso facto shall apply and operate to and in respect of
each and every share of the common stock of the company. From
time to time, in exchange for and upon surrender and cancellation of
certificates of the present common. stock, the company may and. shall
issue certificates of new or special stock for such number of shares as
under the deerease authorized by this act, shall represent the larger
number of shares specified in the certific ate for present common stock
surrendered therefor.

2. Such special stock shall be distinguished by printing on the cer-
tificate issued therefor a statement that such stock is issued under the
provisions of this act: and at all times and places each share of such
special stock shall entitle the holder thereof to cast the same vote, to
receive the same dividends, and to have the same interest in the corporate
property and franchises, and to have the same rights for all purposes
whatsoever, as thouch he were the holder of the shares of the present
common stock theretofore converted into such special stock.

3. Nothing in this act contained shall impair the existing and eon-
tinuing neht of the Chesapeake and Ohio railway company to increase,
or to decrease, its capital stock, under and in accordance with the pro-
visions of existing acts of the general assembly of Virginia.

4, This act shall be in force from its passage.