Chap. 288.—An ACT to Authorize the Orange, Alexandria and Manassas
Railroad Company to Consolidate and Provide for the Payment of its
Mortgage Debt.

Approved March 31, 1871.

1. Be it enacted by the general assembly, That to enable
the Orange, Alexandria and Manassas railroad company to
consolidate and provide for the payment of the bonds and
funded interest secured by the several mortgages executed by
said company, and by the Orange and Alexandria railroad
company, it shall be lawful for said company to issue bonds of
said company to an amount not exceeding six millions of dol-
lars, at such rates of interest, not exceeding that allowed by
law, as may be deemed expedient, and to secure payment of
principal and interest by one or more deeds of trust or mort-
gages on the franchises, tolls, receipts, and whole property,
real and personal, of said company: provided, that nothing
herein contained shall affect or impair in any manner the inte-
rest which the state has in certain preferred stock guaranteed
by said Orange and Alexandria railroad company; but any
mortgage or deed of trust executed under this act, shall be
subject to the interest of the state in said guaranteed stock,
and to the claim of the state against said company on account
of dividends which are already or may hereafter become due
thereon.

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