The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1881-08-25

~ Ef{x &c - sssfs''ss 'H''
7x;rd. Dividends declared and ps'd By
s,,d railrosd cor,psny upon the said shares
al s,ock 80 deposited ~ aforesaid snhh DC
collected by the eaid trustees 500 imme-
sIt.seIy Deposited with the said Trust COM
nary. and distributed at the once OF ins
Mercantile Trust Company pro rata 70 lne
holders Of such stock trust ceitlnca'es
within I've Days after such deposit.
THE flsst holder and every FIRST or sue
regsdsnv trapsferee OF any such stock trust
certificate shall receive the same subject 70
the right 10 vote upon the stock 40 depositen
reseryed t. said trustees and subject 10 the
proyisions OF this agreement. The saio
Trust Company shall keep tTansger-Dook
Of such certificates. aud no franbser thefeoi
shall be valid unless made upon suca DOCKS.
4. JTpou the termination OF this sgree-
mept and the trust hereby crested tnc
holder OF any such stock trust certincsts
shall be entitled to receive from the saiu
Trust Company upon surrender OF DIS Ger.
tiecste a certificate for on equal number OF
shares OF the capital stock OF The SAID rail-
road company.
F0uyth' In case Of the death, resignation,
or inability or refusal to act oil any one or
more Of the said trustees, the remaining
trDstee or trustees shall appoint, and are
hereby empowered to appoint, bis or their
successor or successors In and to the trusts
and powers hereby created. In case tue
surviving trustees fail 10 make the appoin'-
ment Of q new trustee within I'VE DAYS aiter
vacancy occurs, the appointment may DC
made by the president OF the Richmond ana
Allegheny Railroad Company tnen IN ONCE
Any and All powers conferred Dy the trus-
| = A oad ~ n mn Al
In case OF the death, resignation, inability,
or refusal 10 act OF one or more OF the said
trustees. Immediately upon the appointment
Of his or their successor or successors the
said certificates OF stock deposited with the
Mercantile Trust Company rs aforesaid
sb.II be surrendered to the said railroad
compsuy and new certificates taken out IN
the name or uames OF the new trustees {;
which new certificates shall be deposited,
with the mower TO transfer the same, with the
said trust compsny, and in all respects sub
iect 10 the provisions OF this agreement as
fully and i'm the same manner % the eertih.
Gates originally 90 deposited. The WORD
&" trustees" wherever used herein and IN
the ,,id stock certificate, shall mean the
trustees herein named as parties oil the
third part aud their successors, and each OF
them.
Fifth. Any person who shall sell any
numher OF shares Of the stock OF the saIu
railroad company to the parties hereto OF
the first and second parts at twenty dollars
and ten cents per share, shall have the OPP
ton 10 take a stock trust certificate for
proportionate number OF shares upon pay
ment therefor at the rate OF twenty dollars
per share. =.
sixfh. The parties OF the third part, in
consideration OF one dollar 10 each OF them
in hsnd paid by the other parties hereto,
hereby promise and agree, each for himself,
and not for the others or either OF them,
10 and with each other and to and with Tue
other parties hereto aud each Of them, that
they will accept, and hereby do accept, the
trusts hereby imposed upon them, snd that
they will well and truly keep, fulfil, and
perform all the terms, conditions, and
agreements herein contained, and TO be
kent, fulhlled, or performed.
Seventh. The said party OF the fourth
part, in consideration OF one dollar to 4!
paid by the other parties hereto, hereby
promises and agrees to and with the other
parties hereto that it will accept, and here
by does accept, the trusts hereby imposed
upon il, and hat ii will well and truly keep,
ful1I. and perform the terms, conditions,
ana agreements bcISiu tVubointuJ % ~ ~
to he kept. fulfilled, and performed.
Eighth. This agreement shall remain in
| force, and the trusts hereby created and
the pswers hereby conferred shall continue
until the 1st day OF January, A. ID. 1886,
and thereafter for such time as may be pro-
yided by an instrument in writing signed
| by three iourths in interest Of the holders
OF the stock trust certificates aforesaid but
the said trustees may At any time terminate
the trusts hereby created aud surrender the
powers hereby conferred, provided such
action shall be coDcurred in by all OF the
said trustees and approved in writing by
three iourths IN interest Of the holders OF
the said stock-trust certificates.
In WITNESS whereof she parties hereto OF
the first, second, and third parts have here
unto set their hands and seSls, and the party
hereto OF The fourth part hath caused its
corporate seal 10 be hereunts affixed, and
these presents to be signed by its president
and secretary the day and yesr first above
written.
Letters Referred 10 Above.
IHsURANCE AND CORPORATION LAW.
HLRnsoS q BURwgLL,
ATTORNEYS AND COUSsELLORs AT LAW,
1000 MAIN STREET,
RICHMOND Va, August 10, 1881.
z. r. Leland, Esq, Secretary Richmond
and Allegheny Railroad Company;