Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1870-03-25

Railroad Company, shall be held nj
such tune and place af may be desip.
mated by the said commissioners no.
tee OF the same to be given by publi-
ca,ion III one or more newspapers pub
llsheu IN the cities of Petersburg, Rich
mond and Lynchburg, and in the town
OF brlstOl-GCoIson, unless il shall an
Petr at the Joint meeting provided To
ne ncld by the terms of the preceding
section of this act that such amount of
stock has been subscribed. I'm which
event it shall be competent to proceed
then ana there to organize the said At
lantic, Mississippi d Ohio Railroad
Company, as provided by the terms of
this act.
3. That the stockholders of the said
Atlantic, Mississippi & Ohio Railroad
Company may, at the general meeting
hereinbefore provided, majority of
the stock subscribed being so represen-
ted, proceed, under the supervision of
the said commissioners, to organize
the said Atlantic, Mississippi & Ohio
kailroad Company, and to do such
other things in fuItherance of the OBJ
| Jccts of this act as may be lawful to be
done and finally, upon the orraniza-
| tion of the said company, so author
J ized the functions of the said commits
| sioncrs shall determine, and the eaid
Atlantic, Mississippi & Ohio Railroad
| Company shall be a body corr orlte
and polite, vested with all the rights
and privileges conferred by the laws of
the Commonwealth, and subjected to
such as apply to the said railway cor
| poratlons thereof generally
u. Ihat in the primary organization
of the said Atlantic, Mississippi &
Ohio Railroad Company, as herein pro-
vided, and in all subsequent meetings
of the same, each stakeholder shall bc
entitled to cast, in person or by proxv.
one vote for each share of stock held
in the said company; and Mt such Dri-
mary organization it shall be conpc-
tent to elect such number of directors
~ the stockholders may see fit and to
determine the mode of clecting a presi-
dent and directors.
Z. That the said Atlantic, NTississippi
& Ohio Railroad Company, at any time
after its organization, shall have au-
thority, should it so desire. to arranre
with the Norfolk & Petersburg. South
side, Virginia & Tennessee, and Vir-
ginia u Kentucky railroad companios
or with any of the said companies. Inv
purchase or otherwise. for the use of
franchise and proncrtv of the Same
upon such terms as may be arrce up-
on by their stockholders acting in any
general meeting.
s. That the said Atlantic. NTississipni
and Ohio Railroad Companv. octinv
by such agent or agents as may he an
pointed by its President and hoard Of
Directors, shall be entitled to represent
in all meetings. of the stockholders Of
the said Norfolk & Petersburg. South
side, Virginia & Tennessee. and Vir-
uinia & Kentucky rnilroad comnoniel
so long as there shall remain any
such distinctive organizations. from
the failure of any of the stockholders
thereof to subscribe or merge their
stock i'm the capital stock of the said
Atlantic, Mississippi & Ohio Railroad
Company as herein proyiied-all the !
took Of the said compani IS which shall |
have been subscribed to the cap;tal |
stock of the said Atlantic, Missis5iDpi |
d Ohio Railroad COMPANY. casting Tie |
same number of votes for eoch stock |
holder who NAV have so subscribed TO |
the capitul stock of the said Atlantic |
Miss,s.ippi & Ohio Railroad Compauy'
as such stockholder world he entitled |
to cast bv law. If such subscription and |
transfer had not been made.
q. That unon the formotion of Tho |
said Atlantic. Mississinni a Ohio Rail |
road Company. as provided by the |
terms of this act. the BOARD of Public |
Works. shall be and thev are hereby |
cmDowered and directed TO sell and |
transfer for the consideration hercin- |
after mentioned. TO the President and |
Board of Directors of the said Atlantic. |
Mississippi d Ohio Railroad Company
all the stock held by the Common- |
wealth in the said Norfolk and Peters |
burg, Southside, Virginia & Tennessee,
and Virginia & Kentucky Railroads. |
to be held and owned by as the proper-
ty of said Atlantic. Mississinpi q ohio
RoiIroad Comnony. and unon ali sucl1 |
stock SO sold and transferred Inv the |
State. the said Atlantic Mississipni g |
Ohio Railroad COMPANY. Inv such nrcnt |
or agents ms its President and BOARD of |
Directors may aDpoint. shall be entitled |
to vote at ali meetinps of the stock |
holders of the said Norfolk & Peters
burg. Southside. Virginia 4 Tennes-
see. and Virginia & Kentucky Railroad |
Companies. which may he thereafter |
held. casting the same number of votes |
as the State of Virginia would be Tn
titled TO cast by law, if such sale and |
transfer had not been made and the |
Board of Public Works are further en- |
powered and directed to sell and assign,
or convey, unto the President and |
Board of Directors of the said Atlantic, |
Mississippi & Ohio Railroad Company, |
all and whatever claims the State may |
hold or have against the said Norfolk |
& Petersburg, Southside Virginia & |
Tennessee. and Virginia & Kentucky |
Railroad ComDanies. nnd i'm and with |
the said Atlantic, Mississippi & Ohio
1
and privilege shall ms firmly vest ms 10
all such claims as were vested i'm and
with the Commonwealth on account of
the same.
10. That in consideration of the
sales and transfers of stocks and claims
herein authorized, the Commonwealth
of Virginia shall be thereafter absolved
from all and whatever liability for.
and by reason of, her unsatished sub