- Title
- Public laws and resolutions of the State of North Carolina passed by the General Assembly at its session of ...[1899]
-
-
- Date
- 1899
-
-
- Creator
- ["North Carolina."]
-
- Place
- ["North Carolina, United States"]
-
Public laws and resolutions of the State of North Carolina passed by the General Assembly at its session of ...[1899]
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203
1899 — Chapter
77.
Preamble.
Purchase ratified.
Atlantic Const
Line made a
domestic corpora¬
tion.
Name.
May sue and bo
sued, etc.
Seal - powers—
restrictions.
Operation of
railroads.
Rights, powers,
etc.
CHAPTER 77.
An act to ratify the consolidation of the Petersberg Railroad Company
with tho 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.
Where as, 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, arid such consolidated company has, by virtue of the
authority given in said act. changed its name to the Atlantic
Coast Line Railroad Company of Virginia; now. therefore,
The General
ЛяеетЫу
of Xurlh Carolina do enact :
Section l, That the purchase by the said Richmond and Pe¬
tersburg Railroad Company of that portion of the road-bed and
other property, rights unci franchises of the Petersburg Railroad
(
'ош
party which are in the state of North Carolina is hereby rati¬
fied and approved.
Ski;. 2. That the Atlantic Coast Line Railroad Company of
Virginia, a corporation created by and existing under the laws of
the stale 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 iru
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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