‘Chap. 283.—An ACT to authorize a Subscription of the City of Rich-
mond to the Capital Stock of the Richmond and Trans-Alleghany
Narrow-Gauge Railway Company, on Certain Conditions.

Approved March 29, 1875

1. Be it enacted by the gencral assembly, That it shall be
lawful at any municipal election, or at an election specially
ordered, in the city of Richmond, and to be held after pas-
sage of ‘this act, to take the sense of the qualified voters of
said city ona proposition to authorize the city council to
subscribe one million of dollars to the capital stock of the.
Richmond and Trans-Alleghany narrow-gauge railway com-
pany. The poll shall be opened and the result ascertained
in the manner prescribed by the charter of said city; and if
the proposition be carried by the majority required in such
ease by the city charter: provided, that a majority of the
registered freeholders of said city shall have voted in favor
of the proposition, it shall then be lawful for the council of
said city to subscribe the whole or any part of such sum so
authorized by the people to be subscribed, on such terms and
conditions as may be agreed upon between the city council
and said railway company in accordance with their respec-
tive charters and other laws relating thereto.

2. If deemed expedient by the council of said city and
the said railway company, it shall be lawful for said com-
pany, with the consent of the city council, to contract with
any existing railroad cempany whose line terminates in
Richmond, for the temporary or permanent use of its track
or roadway, on terms that may be agreed upon between the
contracting parties, for the transportation of the freight and
passengers Pof said narrow- gauge railway from any point of
intersection of said railway with such existing railroad, to
and from said city. . ,

3. Any subscription to the capital stock aforesaid made
under authority of this act, shall constitute a Speci liability
of the city of Richmond, not to be considered or taken as a
part of the cightcen per centum of the assessed value of pro-
perty in said city, which under its charter limits the amount.
of its authorized debt, but the amount of such subscription
shall be excluded from said cightecn per centum computation.

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