Chap. 461.—An ACT to amend and re-enact section 9 of an act entitled an act
to incorporate the Abingdon development company, approved March 4, 1890.

Approved February 27, 1894.

1. Be it enacted by the general assembly of Virginia, That section
nine of an act entitled an act to incorporate the Abingdon develop-
ment company, approved March fourth, eighteen hundred and ninety,
be amended and re-enacted so as to read as follows:

§ 9. It shall be lawful for said company to issue or sell its bonds
from time to time and on such terms as it board of directors may
deem expedient and proper in the prosecution of any of its work,
and may secure the payment of said bonds by mortgage or deeds of
trust upon all or any portion of its property or franchises, including
its franchises to be a corporation, and may reserve the right to the
company, or confer on the holders of any bonds of the company, the
right to convert the principal thereof into stock of the company at
any time; and it shall be lawful for said company to subscribe for
and hold shares in the capital stock of any railroad or other corpora-
tion whenever the board of directors of the company shall deem it
to its interest to do so, and any such corporation may guarantee or
hold the bonds or the stock of said company; and for the purpose of
securing a debt due it from the Abingdon coal and iron railroad com-
pany, it is authorized to become a purchaser, alone or jointly with
others, of the road-bed, rights of way and terminal facilities of said
raiJroad, and shall have all] the rights and powers conferred and be
subject to all the liabilities imposed by sections twelve hundred and
thirty-three and twelve hundred and thirty-four, code of Virginia and
amendments thereof.

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