Chap. 369.—An ACT to authorize the sinking fund commissioners of the State
of Virginia to convert the stock and dividend obligations of the Richmond,
Fredericksburg and Potomac Railroad Company into stocks of said company
under any new charter or amendment of its charter which said company may
hereafter acquire. S

Approved March 14, 1908.

1. Be it enacted by the general assembly of Virginia, That the board
of sinking fund commissioners of the State of Virginia is hereby author-
ized and empowered to exchange all of the shares of the capital stock
and all of the dividend obligations now held by the State of Virginia
in the Richmond, Fredericksburg and Potomac railroad company, for
new or other shares which the said railroad company may hereafter
issue under any new or amended charter which said company may effect
and accept according to law: provided, however, that the proportion
of stock alloted to the State of Virginia, under such new or amended
charter, shall bear the same relative proportion to all the stock to be
issued under such new or amended charter as the present stock now held
by the State of Virginia bears to the entire present stock of said railroad
company, and the shares of stock issued to the State of Virginia in lieu
of the dividend obligations to which the State is now entitled, shall
amount to the same relative proportion to the total aggregate amount
of the new issue of shares of stock of such company, which said dividend
obligations now owned by the State bear to the sum total of the present
aggregate amount of common stock, guaranteed stock, and dividend
obligations of the company, taken together; and provided, further that
such guaranteed stock as said company issue in lieu of its present guar-
anteed stocks shall.bear no greater guarantee as to principal or interest
than the existing guaranteed stock of said company.