The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1878-02-25
!.
Passage or NE Basl for q Rallroae
Along sa.e yaznes-Rayer yaHIey.

The following Is the full text of the bin
to amend the charter OF the Seraig ght- Shoot
| Rallroad Company. % change its name 60
the Richmond and Allegheny Railroad
Company, and to extend it's limits. The
bill passed the Senate on Saturday, having
passed the House Friday. The Senate
amended the bill by striking out the section
authorizing subscription on the part OF
the cities and counties along the line; but
the friends OF the bill claim thut the House
Twill readily concur 10 the amendment. II
should be stated that it was upon Colonel
Eiliott's motion that the bill was taken ur
and passed in the Senate. He introduced
the bill In the Senate, and has been watch.
ing its various stages with interest and
anxiety
1. Be 1t enacted By the General ASSEMBLY
of Virginia, That sections and 4 OF an
act entitled an act to amend the charter Of
the Richmond and Lynchburg Railroad
Company, approved July II, 1870. and
amended and reenacted by an act approved
March 27, 1873, be further amended and re-
enacted so as to read as follows:
So. The title OF the Richmond and Lynch.
burg Railroad Company is hereby changed
to the Richmond and Alieghany Railroad
Company, and the construction or that ptfri
OF the road that lies between Richmond
and Lynchburg shall be commenced within
two years and completed within four years
of the passage of this act; and OF that
part between Lynchburg and Buchanan
and the branch to Lexington shall be COM
menced within ninety days and completed
within twelve months OF the date OF any
contract that may be made with the James-
River and Kanawha Company for the use
OF the intermediate works.
81. 1t shall be lawful for the said company
to borrow money at rate OF interest not
exceeding eight per centum, and to secure
payment OF the same by first mortgage
not exceeding $4,000 per mile, and second
mortgage not exceeding $4,000 per mile OF
it's main and branch lines.
2. ALL the rights, privileges, and fran
chises heretofore conferred upon the Rich
mond and Lvnchburg Railroad Company
and upon the Straight-Shoot Railroad Com
pany are conferred upon and vested in the
Richmond and Allegheny Railroad Com
pany, and the Richmond and Allegheny
Railroad Company may lease or purchase
any connecting railroad. or any OF the fran
chises, privileges, and property Of any
other work Of internal Improvement within
the limits Of this charter: Provided, The
rights OF creditors shall not be impaired
thereby.
8. The main line Of the said railroad CON-
pany shall be from Richmond Ola Lynch.
burg to any point or points on the Chesa
peake and Ohio railroad west OF Staunton
and it may extend its main or branch lines
to any Point or points on the West Virginia
State line uia Craig's creek. or Jackson's
river, or any other tributary of James river
and the most practicable routes; and it may
connect with the Buchanan and Clifton
Forge railway at or near Buchanan, and il
may build branch to Lexington and one to
Fincaslle; but this act shall not be con.
strued as interfering with any of the fran
chises or privileges OF the James River and
Kanawha Company or Of the Buchanan and
Clifton Forge Railway Company
4. This act shall be in force from IS pas
SAGE