Chapter 148. Relative to Rock Creek Railway Company of the District of Columbia
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/statutes-at-large/vol-28/chapter-148-2889498·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
CHAP. 148.— An Act Relative to Rock Creek Railway Company of the District of Columbia.March 1, 1895. *Be it enacted by the Senate and House of Representatives of the United States of America in Congress assembled*,District of Columbia. Rock Creek Railway Company may lease, etc., connecting lines. That the Rock Creek Railway Company of the District of Columbia, being authorized thereto by a vote of the owners of a majority of its capital stock, may contract with any street railway company owning or operating a connecting or intersecting line for the joint management, lease, or purchase of such connecting or intersecting line or lines, and operate the same in connection with its original line; and in case of such contract may provide the Increase of stock.means necessary by an increase of its capital stock, not to exceed the actual consideration paid or the actual cost of the necessary equipment:*Provisos*.Fare. *Provided*, That only one fare, not exceeding the rate now authorized by law, shall be charged for a single continuous ride in the District of Columbia over all the lines affected by such contract or any part thereof; and any such company owning connecting or intersecting line is hereby Power to contract.Rights not impaired.empowered, when authorized by a vote of a majority of its stockholders, to enter into such contract: *Provided further*, That nothing in this Act shall be construed to impair or abridge the right of Congress at any time to regulate the operation of such line or lines, or to release any railway company or companies thus contracting, in whole or in part, 701 from any obligation or restriction imposed by its original charter or by any law of Congress subsequently enacted, except as provided herein; and Congress hereby reserves the right to alter, amend, or repeal this Act.
In the event of the said company entering into such contract as is contemplated by this Act, i t is hereby authorized, if deemed advisable by its directors, to change its name from the Rock Creek Railway CompanyChance of name authorized. of the District of Columbia to that of “The Capital Traction Company.” Approved, March 1, 1895.