Lloyd v. . R. R.

This action was originally instituted against the North Carolina Railroad, a corporation of this State, having its franchise and owning a railroad property here, and the Southern Railroad, a corporation of the State of Virginia, operating the road of its codefendant under a 99-year lease, and which, among other things, provides "for the liability of the Southern Railway Company for all of its acts and defaults in the operation of said road" and for a deposit of "not less than $175,000 in cash, or its equivalent, to be applied" to the performance of the stipulations in the contract of lease to…