Chap. 190.—An ACT to Incorporate The Blacksburg Railroad Com-
pany, in the County of Montgomery.

Approved April 15, 1874.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books of subscription in the town
of Blacksburg, under the direction of Dr. Harvey Black,
Charles A. Ronald, John M. Thomas, William Wiley, Henry
Ribble and Thomas A. Roberts, or any two of them; at Chris-
tiansburg, in said county of Montgomery, under the direction
of George G. Junkin, James C. Taylor, John J. Wade and
D. W. Frizzell, or any two of them; at Newport, in Giles
county, under the direction of Charles H. Payne, E. P. Wil-
liams and William T. Gitt, or any two of them, and at such
other places and under the direction of such other agent or
agents as a majority of the commissioners appointed for the
town of Blacksburg shall designate, for the purpose of re-
ceiving subscriptions of stock to constitute a joint stock com-
pany for the purpose of constructing a railroad from some
point on the Atlantic, Mississippi and Ohio railroad, at or
near its Christiansburg depot, via Blacksburg, in the county
of Montgomery, to the foot of Brush mountain, in said county;
and the said commissioners may take subscriptions in lands
cross-ties, coal fields, bonds or stocks of any county or cor-
poration created by law in this state.

2. The capital stock of said company shall not exceed three
hundred thousand dollars, to be divided into shares of one
hundred dollars each. Each share subscribed shall be enti-
tled to one vote in all meetings of said company, and twenty
thousand dollars shall be taken as the minimum subscription
apon which said company may organize.

3. It shall be lawful for any railroad or mining and manu-
facturing company to subscribe for and hold stock in said
Blacksburg railroad. company, and it shall be lawful for the
<ounty of Montgomery, or the Blacksburg township of said
county, or both; the Pennbrooke township, in the county of
Giles; the Simmonsville township, in the county of Craig, to
subscribe for the capital stock of said company whenever the
same shall be authorized by a vote of the people of such

, county or township or townships in accordance with the
provisions of the sixty-fourth section of chapter sixty-one of
the Code of eighteen hundred and seventy-three. And it
shall be lawful for such county, township or townships to
provide for the payment of such subscription by a direct tax
or otherwise as such county, township or townships may
deem fit: provided, that for any issue of the obligations of
such county, township or townships on this account a specific

' tax shall be annually levied sufficient to discharge current
interest npon the same, and for a sinking fund adequate to
their redemption at maturity.

4. Whenever twenty thousand dollars, as already provided,
shall have been subscribed, and two per centum thereon shall
be paid in, the said company shall be and is hereby declared
to be a body politic and corporate, under the name and style
of The Blacksburg Railroa Company, and shall be subject
to all the provisions of the Code of Virginia, and other gen-

\ eral laws applicable to internal improvement companies, ex-
cept so-far as the same may be inconsistent with the pro-
visions of this act. ,And upon the subscription of twenty
thousand dollars :as aforesaid, the said company may organize
by the election of a president and such number of directors
and for such terms of office as the stockholders shall pre-
scribe. The said directors shall have the right to prescribe
and regulate the charges of said company for the transporta-
tion of passengers and freights as for a road twenty miles in
ength.

The said Blacksburg railroad company, by its president
and board of directors, may, at any time, consolidate the
said road with the Atlantic, Mississippi.and Ohio railroad
company, upon such terms as they may agree with the presi-
dent and board of directors thereof, or they may contract
with the said Atlantic, Mississippi and Ohio railroad company
for the construction, maintenance, and operation of their said
road, by lease or otherwise.

6. This act shall be in force from its passage.