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20S 1899—Chapter 77.
CHAPTER 77.
An act to ratify the consolidation of the Petersburg Railroad Company
with the Richmond and Petersburg Railroad Company, under the name
of the Atlantic Coast Line Railroad Company of Virginia, and to incor-porate
the said Atlantic Coast Line Railroad Company of Virginia in
Worth Carolina.
Preamble. Whereas, the Richmond and Petersburg Railroad Company, a
corporation created by the laws of the state of Virginia, has by
virtue of the power given by an act of the general assembly of
Virginia, approved March the first, eighteen hundred and ninety-eight,
acquired the ownership of all the property, rights and fran
chises of the Petersburg Railroad Company, including that por-tion
thereof which is located in this state, and the said Richmond
and Petersburg Railroad Company and Petersburg Railroad
Company have become consolidated under and upon the terms
of said act, and such consolidated company has, by virtue of the
authority given in said act, changed its name to the Atlantic
< 'oast Line Railroad Company of Virginia; now, therefore.
Purchase ratified.
Atlantic Coast
Line made a
domestic corpora
tion.
Name.
May sue and be
sued, etc.
Seal—powers-restrictions.
Operation of
railroads.
Rights, powers,
etc.
The General Assembly of North Carolina do enact
:
Section 1. That the purchase by the said Richmond and Pe
tersburg Railroad Company of that portion of the road-bed and
other property, rights and franchises of the Petersburg Railroad
Company which are in the state of North Carolina is hereby rati-fied
and approved.
Sec. 2. That the Atlantic Coast Line Railroad Company of
Virginia, a corporation created by and existing under the laws of
the state of Virginia, is hereby created a body politic and corpo
rate in the state of North Carolina under and by the aforesaid
name of the Atlantic Coast Line Railroad Company of Virginia,
and by such name may sue and be sued, may adopt a common
seal and change the same at will, and have all the general powers
and be subject to all the general restrictions granted and im-posed
by the laws of this state to and upon railroad companies.
Sec. 3. The said Atlantic Coast Line Railroad Company of Vir-ginia
is hereby authorized and empowered to maintain and oper
ate the railroad which formerly belonged to the Petersburg Rail
road Company in this state, and is hereby given all the rights,
powers and privileges and made subject to all the restrictions,
except the restriction as to the term to which its charter is lim
ited, granted and imposed by the charter of the said Petersburg
Railroad Company or any amendments thereto in the state of
North Carolina.
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