Chap. 17.—An ACT to authorize the Upper Appomattox company to
discharge its indebtedness to the commonwealth in bonds of the
state.

Approved April 7, 1882.

Whereas the Upper Appomattox company did purchase
the state’s interest in said company at par, it being twelve
thousand five hundred dollars; and whereas it has fully paid
principal and interest due by the company to the state up to
the twenty-ninth day of March, eighteen hundred and eighty-
one, and whereas the said company does not owe one dollar
on account of principal and interest, nor will it owe any
until the twenty-ninth day of March, eighteen hundred and
eighty-two, on which day it will owe the commonwealth one
year’s interest on the principal, which said principal being in
amount nine thousand five hundred dollars and a moiety,
being one-half ‘in amount, four thousand seven hundred and
fifty dollars; and whereas, in five years from that date it
will owe an additional moiety, being in amount four thou-
sand seven hundred and fifty dollars; and whereas the said
company has never asked or received any abatement or
indulgence at the hands of the commonwealth, except an
indulgence as to time on a part of the principal of the debt,
and except the release of the payment of two year’s interest
on the unpaid debt during the stringency which followed the
financial panic of eighteen hundred and seventy-three—four;
and whereas all other joint stock companies in the state have
been allowed to settle their indebtedness to the state in bonds
of the commonwealth; and whereas this stock was totally
unprofitable to the state for twenty years prior to its sale to
the said company—paying not one cent of dividend, except
Re the five years immediately succeeding the war; there-
ore,

1. Be it enacted by the general assembly, That at any
time within one year from the passage of this act, it shall
be lawful for the treasurer and agents of the Upper Appo-
mattox company to pay to the state the bonds of the com-
monwealth, at par, funded under the Riddleberger bill in full
satisfaction of all debts due and which may become due by the
said com pany to the state of Virginia. Upon the payment
as above of the sum of nine thousand five hundred dollars
and interest thereon from the twenty-ninth of March,
eighteen hundred and eighty-one, until paid; it shall be the
duty of the board of public works to deed to the treasurer
and agent of said Upper Appomattax company, all nght,
title, and interest the state has or may have had directly or
indirectly in said company.

2. This act shall be in force from its passage, and all acts
and parts of acts in conflict with this act. be and the same
are hereby repealed.
Chap. 17.—An ACT to authorize the Upper Appomattox company to
discharge its indebtedness to the commonwealth in bonds of the
state.

Approved April 7, 1882.

Whereas the Upper Appomattox company did purchase
the state’s interest in said company at par, it being twelve
thousand five hundred dollars; and whereas it has fully paid
principal and interest due by the company to the state up to
the twenty-ninth day of March, eighteen hundred and eighty-
one, and whereas the said company does not owe one dollar
on account of principal and interest, nor will it owe any
until the twenty-ninth day of March, eighteen hundred and
eighty-two, on which day it will owe the commonwealth one
year’s interest on the principal, which said principal being in
amount nine thousand five hundred dollars and a moiety,
being one-half ‘in amount, four thousand seven hundred and
fifty dollars; and whereas, in five years from that date it
will owe an additional moiety, being in amount four thou-
sand seven hundred and fifty dollars; and whereas the said
company has never asked or received any abatement or
indulgence at the hands of the commonwealth, except an
indulgence as to time on a part of the principal of the debt,
and except the release of the payment of two year’s interest
on the unpaid debt during the stringency which followed the
financial panic of eighteen hundred and seventy-three—four;
and whereas all other joint stock companies in the state have
been allowed to settle their indebtedness to the state in bonds
of the commonwealth; and whereas this stock was totally
unprofitable to the state for twenty years prior to its sale to
the said company—paying not one cent of dividend, except
Re the five years immediately succeeding the war; there-
ore,

1. Be it enacted by the general assembly, That at any
time within one year from the passage of this act, it shall
be lawful for the treasurer and agents of the Upper Appo-
mattox company to pay to the state the bonds of the com-
monwealth, at par, funded under the Riddleberger bill in full
satisfaction of all debts due and which may become due by the
said com pany to the state of Virginia. Upon the payment
as above of the sum of nine thousand five hundred dollars
and interest thereon from the twenty-ninth of March,
eighteen hundred and eighty-one, until paid; it shall be the
duty of the board of public works to deed to the treasurer
and agent of said Upper Appomattax company, all nght,
title, and interest the state has or may have had directly or
indirectly in said company.

2. This act shall be in force from its passage, and all acts
and parts of acts in conflict with this act. be and the same
are hereby repealed.