Alexandria gazette. [volume] (Alexandria, D.C.) 1834-1974, 1871-02-27
Alexandria Gazette
Railroad Matters.

The following amendments were Incorporated
in the Washington and Richmond Railroad bill
(about which there has been such warm con-
test,) previous to its passage in the Virginia
Legislature:
Sec H. The provisions of this act shall not
become operative, nor any OF the franchises
herein granted be enjoyed by the Washington
and Richmond railway company until the Penn
sylvania railroad company shall deposit with
the Board Of Public Works Of the Common
wealth such guaranty, in writing, executed by
said Pennsylvania railroad company under its
lion five hunded thousand dollars stipulated as
liquidatd damages to ensure to the benefit OF
the Norfolk and Great Western railroad com
pany in case of breach thereof by said Penn
sylvania railroad company; such guaranty IN
writing to be deemed sufficient by the Board OF
Public Works that the said Pennsylvania rail
road company will guaranty sufficient number
of the first mortgage bonds OF the Norfolk and
Great Western railroad company, when de-
manded by the said Norfolk and Great West
ern railroad company, to construct and equip
said railroad from Danyille to Bristol; said
bonds so guaranteed to be applied exclusively,
together with such subscriptions to the capital
stock of said Norfolk and Great Western rail
or may hereafter be made applicable to that
purpose to the construction and equipment OF
the said road from Danyille to Bristol Proyid-
ed that said Norfolk and Great Western rail
road company shall not demand the benefit ot'the
said guaranty until itshal have first procured sol
vent subscriptions to the amount of 81 UuO, 900 to
its capital stock, to be determined by the Board
of Public Works: And provided further
that the said Norfolk and Great Western
railroad company shall make said demand
within five years from the date of the passage
of this act And provided further, that the
first mortgage, hereiubetore provided for shall
only be and apply to the road trom Danvlllc to
Bristol, and the capital stock thereof subscrlb-
ed to be expended on said portion of SAID road:
Aad provided further that it shall be Il condi-
ton of the contract of guaranty, hereinbetore
provided for, to be deposited with the Board OF
Public Works by the Pennsylvania railroad
company, that the said company shall furnish
its guaranty on the said bonds Of the Norfolk
and Great Western railroad company i'll such
quantity and a. often as shall be necessary for
the construction Of the said road, in case Of dis
agreement the necessity thereforas we'll as the
quantity of said bond to be determined by the
Board Of Public Works.
And as faithful condition precedent to the
use and enjoyment of any OF the privileges con-
ferred by this charter, the Pennsylvania Gen
tral railroad company shall give its official obi
cation in manner and form satisfactory TO the
Board of Public Works Of Virginia when said
obligation shall be deposited; that said compa-
ny will guarantee the first mortgage, bonds of
the Piedmont and Potomac railroad company
an amount necessary to furnish the superstruc
ture and equipment for said road on the line
now indicated by its charter, and not less, than
fifteen thousand dollars per mile, and said qua
rantee may by required of said Pennsylvania
railroad company a. any time in amounts ne
cessary to place the superstructure on any ten
miles or more of said road which may be ready
pleted, provided that the obligation of the
Pennsylyauia railroad company to guarantee
said bonds cease to determine at the explra-
tion of FIVE years