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Acts of the General Assembly of the State of Virginia 1861-1862 |
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| Chap. 15 -- An Act to authorize the Sale of the Roanoke
Valley Rail Road. |
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Passed May 14, 1862 |
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1. Be it enacted by the general assembly, that the
Roanoke valley rail road company shall have power to sell their
road, together with all their property of every sort and
description, either to the Raleigh & Gaston rail road company or to
the Richmond & Danville rail road company; subject, however, to the
approval and sanction of the board of public works; and the
purchaser under this act shall have and enjoy all the rights,
privileges and immunities which the said Roanoke valley rail road
company had under their charter and the several acts amendatory
thereof: provided, however, that the purchaser under this act shall
give satisfactory guarantees that the extension of said Roanoke
valley rail road shall be completed to Keysville, in the county of
Charlotte in this state, within the present year, and that motive
power and rolling stock sufficient to meet the wants of the public
along the line of said road shall be provided for and put thereon
within the same period: provided further, that the purchaser of said
Roanoke valley rail road shall have no power or right to
discriminate, by its tolls or otherwise, against the interests of
any other work of internal improvement in this commonwealth. |
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2. Be it further enacted, that out of the proceeds of
such sale the debts of said company shall first be paid; and then
shall be paid to the state of Virginia the preferred stock held by
said state in the said company; and what remains of the proceeds of
said sale shall be divided rarably among the stockholders of said
Roanoke valley rail road company. |
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3. This act shall be in force from its passage. |
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