Evening star. [volume] (Washington, D.C.) 1854-1972, 1898-02-14

these points: Provided That if 9th street
be not widened as above stated the double
tracks of the Belt Railway Company on 4th
street west, between G street and New
York avenue north, shall be abandoned, and
the Belt Railway Company shall have the
privilege of using the tracks of the Eckng
ton sand Soldiers Home Railway Company
between the points named on G. street, 9Th
street and New York avenue: Provided fur
Their, That the abandoned tracks shall be
removed and the single tracks, with all the
necessary switches turrcuts, and SO forth,
shall be located subject to the approval of
the Commissioners of the District of Co
lumbia.
Section 4. That the said lexington and
Soldiers Home Railway Company is hereby
authorized to issue its capital stock and its
bonds to an aggregate amount sufficient to
cover the cost of the property and fran
chises whose purchase Or lease is herein
provided for, and the cost of the construc-
ton, equipment, and re-equipment of the
railway lines Low owned by the said Eek
ipgton and Soldiers Home Railway Com
pany hereafter to be acquired by said
company, and to secure said bonds by mort
gage or deed of trust of any part or all of
it's property and franchises, as now owned
or hereafter TO be acquired under the pro-
visions Of this act, subject to any prior
mortgaged Indebtedness.
Section 5 That within sixty days from
the date Of the approval of this act the
lexington and Soldiers Home Railway
Company shall deposit 5000 with the col
lector of taxes Of the District of Columbia
to guarantee the reconstruction, equipment
and recruitment of its lines, as authorized
and prescribed by this act. If said sum Is
not so deposited then this act shall be void.
If said sum is so deposited and the said
lines are not reconstructed, equipped and
re-equipped as herein provided for, then
said sum of 5000 shall be forfeited to the
District of Columbia and this act shall be
void.
Section g. That the power to institute
condemnation proceedings conferred upon
the Maryland and Washington Railway
Company by section "a of the joint resolu-
ton entitled "A joint resolution to extend
the charter of the Maryland and Washing
ton Railway Company" approved August
o. 1894, be, and the same is hereby, con-
tinued in force one year from the passage
Of this act.
Section Z That the purchaser or pur-
chasers Of the property or franchises of the
thereof under decree Of court or otherwise,
and the assigns OF such purchaser or puf
chasers, shall possess and enjoy all the cor
porate rights, privileges and franchises
heretofore conferred upon the said Belt
Railway Company, as well as the right to
be a corporation under this act. And any
corporation SO created and organised under
the provisions of this section 10 hereby au-
thorized to issue it's bonds and capital stock
either for cash or in exchange for the stock,
bonds. property. or franchises OF the SAID
Belt Railway Company: Provided however.
That the total issue of said bonds and stock
shall not in the aggregate exceed the
amount necef Fary for ehecttng any such
purchase, and for the construction, recon-
struction and equipment Of said Belt rail-
way; and within one year from the raffh-
cation by the court of such foreclosure sale
the said corporation operating under this
section shall construct and put into fun OPP
Grafton ON Its entire line an underground