Chap. 288.—An ACT to confer upon the Atlantic and Danville railway com-
pany additional powers and privileges.

Approved February 7, 1900. \

1. Be it enacted by the general assembly of Virginia, That the At-
Jantie and Danville railway company, which is a corporation of the state
of Virginia, created by, or in consequence of, a sale and conveyance of all
the works and property of another company known as the Atlantic and
Danville railway company, sold under a decree of a court of competent
jurisdiction in the year eighteen hundred and ninety-four, be, and the
same is hereby, authorized, from time to time, to reduce its capital stock
at any time outstanding to the extent of retiring its present outstand-
ing preferred stock, or any part thereof, in such manner and upon such
terms as may be approved and agreed upon by the company acting
through its board of directors or otherwise.

2. That the board of directors, acting with the consent and by the
authority of a majority of the stockholders given at a meeting, is hereby
authorized in the name and on behalf of the company, from time to
time, to make, issue, sell, or exchange, or to cause to be made, issued or
sold, or exchanged at such price or prices or on such terms and for
such considerations as it may deem best, bonds of said company of such
denomination and for such aggregate amount bearing such rate of inter-
est and containing such terms and conditions, as it may approve, and
secure the payment thereof by a mortgage or mortgages, or a deed or
deeds of trust, on all the works, property and franchises of the company,
or any part thereof; and all bonds which may be disposed of at a less
rate than par shall be as valid and binding upon the company as if the
same were sold at the par value thereof. The proceeds of the bonds
issued under authority of this section or the bonds themselves may be
disposed of by said board for any purposes that may be approved of by
a majority of the stockholders in meeting.

3. That the said company shall be, and hereby is, authorized to sell
or lease its property, or any part thereof, to any railroad company now
incorporated or that may hereafter be incorporated under the laws of
this state, or to purchase, or to lease the property, or any part thereof,
of any such company, or to consolidate, in such manner or upon such
terms as may be agreed upon between the two companies, all its works,
property and franchises with any other company; and any other railroad
company now incorporated, or that may hereafter be incorporated, bv
or under the laws of this state is hereby authorized to make such pur-
chase, lease, sale or consolidation; and if such consolidation be made it
shall be deemed complete as soon as the agreement setting forth the
terms thereof, shall be filed in the office of the secretary of the com-
monwealth. The assent of a majority of the stockholders of this or
any other such company given at a meeting shall be a sufficient authority
on the part of the company so acting for any such purchase, lease, sale
or consolidation.

4. The meetings of the stockholders of this company may be held at
any place either in this state, or in the United States, or in England,
that may be from time to time designated by the stockholders or by the
board of directors, and it shall be suflicient notice of any meeting of
stockholders if such notice be published for not less than twenty days
in some newspaper published in the city of Norfolk.

This act shall be in force from its passage.