Chap. 267.—An ACT to authorize the Chesapeake and Ohio railway company
to acquire or acquire an interest in extensions and additions to its system
of railroads within and without this state, and to acquire, hold, or guaran-
tee the stock and bonds, or either, of other corporations.

Approved February 16, 1901.

1. Be it enacted by the general assembly of Virginia, That in addi-
lion to the powers which it now possesses, the Chesapeake and Ohio rail-
way company shall have, and from time to time, as occasion arises, may
exercise the following powers, or any of them—viz:

(a) That with the approval of its stockholders by a: resolution adopted
at a meeting by the allirmative vote of those owning or representing at
least three-fourths of the entire capital stock of the company, it may
from time to time lease, use, operate, consolidate with itself or purchase
or otherwise acquire any railroad or other transportation company now
or hereafter incorporated under the laws of the state of Virginia, or by
the Jaws of the United States, or any of the states thereof, or any one or
more of such railroad or transportation companies, or any other railroad
or transportation company or companies which are now or hereafter may
be leased, or used, or operated by, or consolidated with anv one or more
of such railroad or transportation companies; and from time to time it
may consolidate with its capital stock, property and franchises, by change
of name or otherwise, the eapital stock, property and franchise of anv
other railroad or transportation company, power being hereby granted
to any railroad or transportation company or companies incorporated by
or under any act or acts of the general assembly of the state of Virginia
hy a resolution of its stockholders, adopted at a meeting bv the affirma-
tive vote of those owning or representing at least three-fourths of the
entire capital stock of the company, to make and carry out such contracts
of consolidation or lease, sale or other method of acquisition: provided,
that in all consolidations a copy of the agreement therefor shall be
tiled in the office of the secretary of the commonwealth of Virginia, and
that any corporation of this state with which said Chesapeake and Ohio
railway company may consolidate, or which it may lease, shall remain
subject to the jurisdiction of the courts of this state; and all lines of
railroad operated by it in the state of Virginia shall be subject to the
general laws of this state: and, provided further, that any stockholder of
such railroad or transportation company incorporated under the laws
of the state of Virginia, other than the Chesapeake and Ohio railway com-
pany, who dissents from any such consolidation may within sixty days
thereafter apply by petition to the circuit court of the city of Richmond
to determine the value of his stock, and shall be entitled to receive from
said Chesapeake and Ohio railway company the value as thus determined
of such stock upon transfer thereof to the said Chesapeake and Ohio rail-
way company.

(b) The Chesapeake and Ohio railway company may from time to
time purchase, own and hold bonds or other evidences of debt and the
shares of capital stock of any corporation or corporations organized
under the laws of this or any other state or of the United States for the
construction or operation of any railroad or other means of transporta-
tion, and may from time to time guarantee or assume the bonds, evi-
dences of indebtedness or capital stock of any such corporation or corpo-
rations.

2. All taxes and debts due or to become due the commonwealth of Vir-
ginia by the said Chesapeake and Ohio railway company shall be paid in
lawful money of the United States and not in coupons.

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