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ments or deposits of personal or mixed property in
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CHAP. 255.
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trust, to grant annuities, to contract for reversionary
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payments, to make all kinds of contracts in which the
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casualties of life and interest of money are concerned,
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to acquire and dispose of goods and effects, to provide
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for the investment of such parts of the funds of the
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company as they may desire to invest in stock and
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mortgages in such manner as they may deem most
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beneficial, and in general to exercise and enjoy such
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other rights and privileges as are granted by this State
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to the American Life Insurance and Trust Company,
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subject to all the conditions, restrictions and limita-
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Powers to cease
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tions of the said company; but that if the said canal
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or lock and dam navigation be not completed to the
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mouth of Savage river, within the time prescribed by
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the tenth section of this act for the completion of the
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same, then all the rights, powers, and privileges,
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granted by this section to said company shall wholly
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cease, and the said company shall not thereafter hold
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or exercise said rights, powers and privileges, or any
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of them.
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Pre-emption of the
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SEC. 13. And be it enacted, That if the Chesapeake
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Chesapeake and Ohio Canal
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and Ohio Canal Company, for the purpose of contin-
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uing the said canal to the Ohio river, by the route of
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the Potomac river, shall require the canal or lock and
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dam navigation of the company as part thereof, at any
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time within the term of three years, after the Chesa-
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.
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peake and Ohio Canal shall have been completed to
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Cumberland, the said Chesapeake and Ohio Canal
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Company shall be entitled to, and may take possession
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of the same for said purpose, upon payment or tender
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to the president and directors of the company incorpo-
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rated by this act, of the sum expended by it in the
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construction of its said canal or lock and dam naviga-
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tion, and their appurtenances, with legal interest
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thereon, deducting the net profits which may arise
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from tolls or transportation on the same.
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Connection with
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SEC. 14. And be it enacted, That the company in-
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company in Virginia authorised
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corporated by this act, may, and is hereby empowered
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to unite with any company chartered by the State of
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Virginia, with authority to make or construct similar
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improvements, in or along the Potomac, above Cum -
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