Chap. 168.—An ACT to authorize the Fredericksburg and Gordonsville
Railroad Company to Borrow Money.

Approved June 27, 1870.

1. Be it enacted by the general assembly, That the Frede-
ricksburg and Gordonsville railroad company are authorized
and empowered to borrow a sum of money, not to exceed four
hundred and sixty thousand dollars, and at a rate of interest
not to exceed ten per centum per annum; and to secure the
sum so borrowed, said company are authorized to issue coupon
or registered bonds, and to secure the same by lien on all their
works, property, and franchises; subject, however, to the prior
lien provided for by the act passed February sixth, eighteen
hundred and sixty-seven, entitled an act to increase the capital
stock of the Fredericksburg and Gordonsville railroad.

2. The president and directors shall issue such bonds, and
secure them as above provided, whenever so instructed to do
by resolution of the stockholders in any general or annual
meeting assembled.

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