Chap. 296.—An ACT to authorize and empower the New York, Philadelphia
and Norfolk railroad company to consolidate and merge with any other
railroad company or companies, and to lease or purchase and operate any
railroad, and also to purchase, own, sell, and dispose of the stocks, bonds,
or Other securities of railroad companies.

Approved February 9, 1900.

1. Be it enacted by the general assembly of Virginia, That the New
ork, Philadelphia, and Norfolk railroad company (a corporation of
id state) shall, in addition to its present corporate powers, have and
» possessed of power to consolidate and merge its railroad and property
ith any other railroad company or companies either in or out of this
ate, so that the capital stock of said companies so consolidated and
erged shall constitute a common stock, equal in amount, character and
ir value to the authorized capital stock of the companies so consoli-
ited and merged, and the respective companies shall thereafter con-
itute one company, and be entitled to all the property, franchises,
rhts, privileges, and immunities which each of the companies so con-
lidating are possessed of and enjoy under their respective charters.
id consolidation and merger shall be effected by agreement approved
’ the directors, and also by a majority in amount of the capital stock
presented at any annual or other meeting of the stockholders, of each
the companies so consolidating.

2. That said New York, Philadelphia, and Norfolk railroad company
all have and be possessed of power to lease or purchase and operate
vy railroad, either in or out of this state; and also to purchase, own,
1, and dispose of the stocks, bonds, or other securities of any other
ilroad company, either in or out of this state.

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