Chap. 39.—An ACT to authorize the issue of bonds and preferred
stock by the Richmond and Alleghany railroad company,

Approved April 4, 1857.

Whereas it is contemplated that under decree in suits now
pending in the cireuit court of Richmond, there will be a sale
and conveyance at an carly day of the works, property, and
franchises of the Richmond and Alleghany railroad company;
therefore,

1. Be it enacted by the gencral assembly of Virginia, That
the corporation created by or in consequence of such sale and
conveyance may issue its bonds to an amount not exceeding
six millions dollars, and may secure the same by a deed of
trust or mortgage on all its works, property. and franchises.

2. Such corporation in addition to the amount of common
stock which it may be authorized by law to create, may also
issue preferred stock in shares of one hundred dollars each,
not exceeding five million dolhurs am amount, and may dis-
pose of the same at such time and upon such terms and con-
ditions as the board of directors of the said corporation may
determine. Bach share of stock, whether preterred or com.
mon, shall be entitled to one vote.

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