Chap. 148.—An ACT to repeal an act entitled an act to incorporate the Rich-
mond and Washington air line railway company, approved March 3, 1900.

Approved February 14, 1901.

Whereas an act was passed by the general assembly of Virginia and
approved March third, nineteen hundred, by which a charter was
granted to John Skelton Williams and others as incorporators, entitled
an act to incorporate the Richmond and Washington air line railway
company; and

Whereas it was provided by said act that the said charter should be
inoperative and without force or effect until all the stock and dividend
obligations.of the Richmond, Fredericksburg and Potomac railroad
company held by the state of Virginia shall have been sold by the state:
and

Whereas the market value of said stock and dividend obligations at
that time justified the general assembly in passing said act; “but since
that time the stock and dividend obligations have greatly increased in
value and are increasing in value; and

Whereas the interest of the state will be sacrificed by sale of the
same at the present time and in the manner now prescribed by law; and

Whereas the said corporators have consented to a repeal of said
charter upon conditions named in this aet; now, therefore,

1. Be it enacted by the general assembly of Virginia, That the act
entitled an act to incorporate the Richmond and W ashington air line
railway company, approved March third, nineteen hundred, be.-and the
same is, hereby repealed.

2. That the governor of the state of Virginia shall at once deliver to
the said John Skelton Williams for himself and his associates interested
the certificate of deposit of the Richmond trust and safe deposit com-
pany for fifty thousand dollars mentioned in section eight of the said
act hereby repealed; and also that the governor shall cancel and deliver
to the principal obligor therein the bond for seventy-five thousand dol-
lars which was filed with him by said corporators under section eight
of said act.

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