Chap. 216.—An ACT to amend an act entitled an act to authorize
the Washington, Ohio and Western railroad company to make
contracts of lease and consolidation with certain other railroad
com panies, and to connect, cross and unite with certain other
railroads, approved March 3d, 1884.

Approved February 15, 1892.

1. Be it enacted by the general assembly of Virginia,
‘hat the first section of “an act to authorize the Wash-
ngton, Ohio and Western railroad company to make con-
racts of lease and consolidation with certain other rail-
oad companies, and to connect, cross and unite with cer-
ain other railroads,” approved March third, eighteen hun-
red and eighty-four, be amended so as to read as fol-
OWS :

1. Be it enacted by the general assembly of Virginia,
‘hat the Washington, Ohio and Western railroad com-
any be, and hereby is, authorized to cross at grade, unite,
r connect with, or lease, use, or operate, or consolidate
vith, or be leased, used, operated by, or consolidated with
iny railroad company incorporated by the laws of the
Jnited States, or any of the states thereof, now construc-
ed or in process of construction, or which may hereafter
oe constructed, or any one or more of such railroad com-
panies, and with any other railroad company or companies
which now are or may hereafter be leased by, or used or
yperated by or consolidated with any one or more of such
railroad companies, and, with the consent of a majority
of its stockholders, to consolidate its capital stock, prop-
erty, and franchises, by change of name and otherwise,with
the capital stock,property,and franchises of any one or more
railroad companies ; and power is hereby granted toany rail-
road company or companies incorporated by or under any act
or acts of the general assembly of the state of Virginia to
make and carry out, with the like consent of a majority
of their stockholders, respectively, such contracts or con-
solidation or lease; and said Washington, Ohio and
Western railroad company, and said consolidated com-
pany, shall also have the power, in the event of any lease
or consolidation contemplated hereby, with the consent
of a majority of its stockholders, to increase or decrease
the number of its directors, to increase or decrease its
capital stock from time to time, as may be deemed best
and to issue one or more series or grades of preferrec
stock, and to sell or dispose of such preferred or commor
stock on such terms and for such prices as the board o:
directors may from time to time determine, or exchangt
the same for capital stock or other securities of any othe
railroad company with which it may consolidate, and t
borrow for the uses of said consolidated company or com
panies, or of the said Washington, Ohio and Western rail.
road company, such amounts of money as may from time
to time be determined by the board of directors of said
Washington, Ohio and Western railroad company, o1
said consolidated company, which amounts so borrowed
may be evidenced by bonds or other securities secured
by a mortgage or mortgages upon any interest in any
property and franchises owned or consolidated by any
of said companies, and said money, or the bonds or other
securities of said railroad company, secured by mortgage
or mortgages, or otherwise, or said consolidated company
may be used by said railroad company or said consoli-
dated company, for any and all purposes which to its
board of directors may seem proper, provided, that in all
consolidations a copy of the agreement of consolidation
shall be filed in the office of the secretary of the common-
wealth, and that any company with which said company
may consolidate, or by which it may be leased, shall re-
main subject to the general laws of Virginia and to the
jurisdiction of its courts; and provided further, that in
the construction or extension of the said Washington,
Ohio and Western railroad beyond its present terminus at
Round Hill, in Loudoun, county, Virginia, the provisions
of the charters of the Alexandria, Loudoun and Hampshire
railroad company, and the Washington and Ohio railroad
company, 28 to the location of said road, and to making the
town of Winchester a point<thereon, shall be fully car-
ried out, and this, no matter what the future name of
said company may be, or with what company or com-
panies it may be consolidated under the provisions of
this act. >

§ 2. There shall be paid to the clerk of the-county or
corporation in which any mortgage authorized by this act
may be presented for recordation, the existing rate of tax-
ation for such recordation upon the assessed value of the
road-beds, depots, station buildings, and lots, and machine
ehops, fixtures and rolling stock, and any real estate not
included in said enumeration in the state of Virginia con-
veyed in such mortgage, and upon presentation to the
clerk of the county or corporation where it is proposed to
record said mortgage of a certificate of the auditor of the
state of the amount of the assessed values of the said prop-
erty within the state of Virginia, and upon the payment
of the tax thereon to the said clerk, the said mortgage
shall be recorded without other charge than the clerical
fees provided in such cases. Certified copies of such
mortgage may be recorded in any county of Virginia in
which property covered by such mortgage may be located,
upon payment of clerical fees.

§ 3. The said company, by the acceptance of this act,
agrees to.pay all taxes, dues, and demands due the state and

Google
lawfully assessed against it, in lawful money of the United
States, and not in coupons.
2. This act shall be in force from its passage.