Chapter 524.
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/statutes-at-large/vol-26/chapter-524-3508673·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 524.— An act to amend the charter of the Rock Creek Railway Company of the District of Columbia.March 3, 1891. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,Rock Creek Railway Company, D. C. May connect with railway of Chevy Chase Land Company. That in addition to the powers and privileges heretofore conferred upon the Rock Creek Railway Company of the District of Columbia by its act of incorporation as amended, the said company shall be, and it hereby is, authorized and empowered to buy. lease, hold, and operate, or otherwise to contract, respecting the railway in the State of Maryland, now constructed or which may hereafter be constructed. by the Chevy Chase Land Company of Montgomery County, Maryland, and which connects, or may connect, with the present line of said Rock Creek Railway Company, and to have respecting such connecting line the same powers and privileges as it now has or hereafter may have respecting its own line of railroad not inconsistent with 836FIFTY-FIRST CONGRESS.
Sess. II. Chs. 524-526. 1891. the laws of Maryland; and, further, that the said Rock Creek Railway Bonds may be issued to pay for construction, etc.Company of the District of Columbia shall be, and it hereby is, authorized and empowered to issue its bonds to aid in paying for the construction and equipment of its railroad, and the purchase and lease, construction, and equipment of any and all future acquisitions and extensions as hereinbefore are. or that may hereafter be, provided for. and to secure the said bonds by mortgage or deed of trust of its rights of way, and all its property of what kind soever, whether real, personal, or mixed, including its franchises as a corporation; and as proof and notice of the legal execution and effectual delivery of any such mortgage or deed of trust, the same shall be tiled and recorded in the office of the recorder of deeds for the *Provisos*.District of Columbia: *Provided, however*, That the bonds hereby Limit of bond issue.authorized shall at no time exceed in the aggregate amount of their face value one-half of the capital stock of said company actually subscribed and paid in; *And provided further*, That tor the purpose of Increase of capital Stock.fixing the amount of the capital stock of said company the cost of purchase or lease, construction, or equipment of the acquisition and extension aforesaid shall be deemed as part of the actual cost of rights of way, construction, equipment, motive power, and necessary lands and buildings, as provided for by the third section of the act amending the charter of the said company, approved May *Ante*, p. 132.
Time for completion extended.twenty-eighth, eighteen hundred and ninety: and the time for the completion of said road is hereby extended six months from and after the twentieth of November, eighteen hundred and ninety-one. Sec. 2. That Congress reserves the right to alter, amend, or repealAmendment, etc. this act. Approved, March 3, 1891.