Chap. 167.—An ACT to amend and re-enact section 12 of an act entitled an
act to enlarge the powers of the Richmond traction company, approved
January 12, 1898.

Approved January 26, 1900.

1. Be it enacted hy the general assembly of Virginia, That section
twelve of an act entitled “an act to enlarge the powers of the Richmond
traction company,” approved January twelfth, eighteen hundred and
ninetv-eight, be amended and re-enacted so as to read as follows:

§ 12. The board of directors of said company may on behalf of the
corporation sell, either at public or private sale (and if the latter, without
public notice), upon such terms and conditions and at such prices whether
at, above or below par, as may be agreed upon between said board and the
purchaser, any of its capital stock not heretofore subscribed for or issued,
and any sales of the said capital stock of said company which may
have been made by it or by its board of directors on its behalf, prior to
the passage of this act, whether at, above, or below par, are hereby ratificd
and confirmed, and no liability shall rest upon the original subscribers
thereto or purchasers thereof, or their assignees, either to said corpora-
tion or to its creditors, who may become such after the passage of this
act, except for so much (if any) of the subscription or purchase price
expressly stipulated to be paid by the original subscribers or purchasers
to said company as may remain unpaid at the time of the passage of this
act.

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