The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1912-01-28

."o sS'd ordnance, approved Docom-
Der %, 1899. and to the Following
terms and conditions 80 far as they
are in conflict thcrewith, and amen
datory thereof:
S-a. When and as soon as tho said
Virginia Railway and Power Company
and the sand Richmond, Urbanna and
Pcnineular Railway Company shall
nave entered into an agreement con-
summating tho transfer OF tho said
Scvcn Pines iinc. and a copy thereof
has been filed with the clerk of the
Council OF the city OF Richmond, and
the said Virginia Railway ana Power
Company, successor of the Richmond
Passenger and Power Company, and tho
said Richmond. Urbunna and pen'nsuIa
Hallway Company. shall! each have
hled In writing with the clerk of tho
Council of the city of Richmond an
acceptance of tho provisions Of this
ordinance, then the said Virginia Rail-
way and Power Company shall there
upon be forever relieved and released,
except RS hereinafter provided. of and
from all the obligations. terms, condi-
lions and provisions of the ordinance
of tho city OF Richmond. approyed
December 20. 1899. granting fran
chisc to the Richmond Passenger and
Power Company. so far az the same
applies to that portion Of the said
Seven Pine line lying beyond the
present corporate liInitg of the .ity
OF Rich..lond
s-o. The consent hereby given to the
aforesaid sale, transfer and assign-
meht 10 given on condition that the
same shall be made subject To the con-
dition, that IL the said Richmond Ur-
banna and Peninsular Railway Com
pany shall fall to begin the work OF
surveying the proposed railroad from
!Nchmond to Urbunna within ninety
days after The approval Of this ordi-
nance. or II II shall .ail to begin the
work of construction of the said rail-
road within nine months after the
approval of th!s ordinance, or fail TO
continue the said work to and acros.
the Pamunkcy River to the reasonable
satisfaction OF the City Engineer. or
II the said Richmond Urbanna and
Pcntnsular Railway Company shall fail
TO complete the said railroad and have
the same In operation 10 and across
the Chickahominy River through the
county of Hanover. and TO and across
the PamuTkey River. within two wears
after the approval of this ordinance
then and In either event the Council
of the city Of Richmond shall have the
right 10 Sepeal this ordinance, and in
the event OF such repeal the said sale,
transfer and assignment hereby condl-
tionally consented to by the Council
OF the city OF Richmond shall be void
and OF no effect. and the said Rich
mond. Urbannu and Pcninsular Hallway
Company shall thereupon surrender 10
the Virginia Railway and Power Com
pnny. successor, as aforesaid 20 tho
Richmond Passenger and rowcr Com.
pany, it's Successors or assign. and the
said Virginia Hallway and Power C-n-
psny. Its successors and assigna shall
thereupon rcassume and resume thc
iuil and absolute ownership, operation
ana control of the said Seven Pines
line, subject 10 all the terms aud pro-
visions OF the ordinance, approved IL
ccInbcr 20. 1898. granting q franchise
10 the Richmond Passenger and Power
Company and subject. especially. to the
duties and obligations In relation 10
the rate OF fare upon. and 10 the trans
Ter rights OF passengers TO and f. I'm
tho said Seven Pines line. az the same
cNist at tho time OF such transfer, saic
and assignment, all of which said
terms. provisions, duties and obl!Ea-
TONS shall the-eupon be OF the "a me
force and effect aud as binding upon
the said Virginia Railway and Power
Company. it's successors and assigns
from and after the date OF anv such
repeal OF this ordinance, as If this
ordinance Ind never been adopted: Dro-
v!ded. however, that no provisions of
this ordinance shall become effective
IL.
Urba and Pcninsulnr Railway Com
pany shall. within thirty days after the
appraval hereof. flc with the Auditor
of the city OF Richmond 4 bond pay
able TO tn. city OF Richmond as liuui-
dated damages in penalty OF fifty
thousand dollars ts5o,0oo.Oo). with
surety approved by the city Attorney,
TO be held by said Auditor, and TO be
conditioned as follows. to-wt:
"a That the said Richmond. Urban
ma and Peninsular Railway Company
shall. within ninety days after the APP
prevail of thie ordinance. file with the
clerk OF the Council the agreement
between the aaid Richmond. Crbanna
and Pcninsular Railway Company and
the VirGinia Railway and Power Com
pany, and the acceptance OF the pro-
visions OF this ordinance by both OF
said companies, as set forth in sec
ton S-a hereof
GU That the said Richmond, Urban
ma and Peninsular Railway Company
shall begin the work of surveying the
proposed railroad from Richmond to
Crbanna within ninety days after the