Chap. 49.—An ACT to enable the Chesapeake and Ohio railway com-
pany to increase its capital stock for certain purposes.

Approved Jauuary 25, 1879.

Whereas by the plan of reorganization of the Chesapeake F
and Ohio railroad company, under and pursuant to which A.S.
Hatch, C. P. Huntington, A. A. Low, Isaac Davenport, Junior,
and John Castree, as a committee of purchase and reorganiza-
tion, became the purchasers of said railroad, together with all
the rights, property, and franchises of said Chesapeake and
Ohio railroad company, and by virtue of the conveyance to
whom the Chesapeake and Ohio railway company has been
organized and has succeeded to the franchises, rights, and
privileges of said Chesapeake and Ohio railroad company, it
was, among other things. provided that the company that
should be formed under said plan of reorganization should
issue new common capital stock to the amount of the out-
standing capital stock of the Chesapeake and Ohio railroad
company, out of which common capital stock so to be issued
the holders of the unsecured floating debt of said Chesapeake
and Ohio ratlroad company should be entitled to receive shares
at par to the amount of their respective claims and in full set-
tleinent thereof, as of first October, eighteen lundred and sev-
enty-three, and t’:e residue of the aggregate of the outstanding
capital stock of said Chesapeake and Ohio railroad company
should be divided pro rata among the holders of the said capi-
tal stock of said Chesapeake and Olio railroad company ; and
whereas it was, tmuong other thines, further provided by said
plan of reorganization that the company to be formed under it
should also, trom time to tine, issue preferred stock as follows,
that is to sav: first preferred stock to the amount necessary to
pay the interest accrued and wnpaid on the six per centum
mortgage bonds of the Chesapeake and Obto railroad company
on the first day of July, eighteen hundred and seventy-eight,
and also to pay interest on the bonds of the Chesapeake and
Ohio railway company, secured by the trast deed or mortgage
of said company to the Central trust company of New York,
hearing date on the first day of Jniy, eighteen hundred and
sevyenty-eleht. in the manner and to the extent provided by said
trust deed or mortvage: and second preferred stock to the
amount necessary to pay sixteen and two-thirds per centum of
the principal of the seven per centum imortease bonds of the
Chit sapeake and Ohio railroad company and the interest acerued
and remaining aupard thereon on the first day of July, eighteen
hundred and seventy-eicht; and also to pay the interest on the
hounds of the Chesapeake and Ohio railway company. secured
by a trust deed or mortgage executed by said company to
Alexander B. Green and Isaac EK. Gates, as trustees, bearing
date on the first day of July, eighteen hundred and seventy-
eivht, in the manner and to the extent set forth in said deed of
trust or mortgage; and whereas an increase of the capital
stock of the Chesapeake and Ohio railway company will be
necessary to enable it to issue shares of stock as required by
said plan of reorganization :

1. It is hereby enacted by the general assembly, That the
said Chesapeake and Ohio railway company be and it is hereby
authorized and empowered to increase its capital stock in such
manner and to such extent as may be necessary to carry into
fall eftect the plan of reorganization aforesaid.

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