Chap. 108.—An ACT to authorize the Richmond and Danville rail-
road company to increase its capital stock.

Approved April 22, 1882.

1. Be it enacted by the general assembly of Virginia, That
the stockholders of the Richmond and Danville railroad com-
pany, at any general or special meeting, may from time to
time, increase the capital stock of said company, and issue
such stock upon such terms and at such price as may be de-
termined upon by the stockholders; and such new stock shall
be, in all respects, deemed to be and treated as capital stock
invested under the provisions of the third section of the
charter of said company: provided, however, that before the
Richmond and Danville railroad company shall have, possess,
exercise or enjoy any of the rights, benefits, franchises or
privileges conferred by this act, it shall first release its ex-
emption from taxation, so far as said exemption relates to
taxation of its property for state purposes, by deed duly exe-
cuted and delivered to the secretary of the commonwealth,
who shall cause the same to be recorded in the clerk's office
of the chancery court of the city of Richmond, and there-
upon the property of said company shall be taxable for state
purposes as the property of other railroad companies. But
this act shall not be construed as a release of the exemption
of the property of the said company from county, municipal
or other tuxation than for state purposes, or as a release of
any other right, franchise, privilege or exemption conferred
upon it by its charter.

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

Chap. 108.—An ACT to authorize the Richmond and Danville rail-
road company to increase its capital stock.

Approved April 22, 1882.

1. Be it enacted by the general assembly of Virginia, That
the stockholders of the Richmond and Danville railroad com-
pany, at any general or special meeting, may from time to
time, increase the capital stock of said company, and issue
such stock upon such terms and at such price as may be de-
termined upon by the stockholders; and such new stock shall
be, in all respects, deemed to be and treated as capital stock
invested under the provisions of the third section of the
charter of said company: provided, however, that before the
Richmond and Danville railroad company shall have, possess,
exercise or enjoy any of the rights, benefits, franchises or
privileges conferred by this act, it shall first release its ex-
emption from taxation, so far as said exemption relates to
taxation of its property for state purposes, by deed duly exe-
cuted and delivered to the secretary of the commonwealth,
who shall cause the same to be recorded in the clerk's office
of the chancery court of the city of Richmond, and there-
upon the property of said company shall be taxable for state
purposes as the property of other railroad companies. But
this act shall not be construed as a release of the exemption
of the property of the said company from county, municipal
or other tuxation than for state purposes, or as a release of
any other right, franchise, privilege or exemption conferred
upon it by its charter.

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