Chap. 177.—An ACT to amend and re-enact the Charter of the Farm-
ville and Staunton River railroad company.

Approved February 25, 1884.

1. Be it enacted by the general assembly of Virginia, That
sections one, four, five, six, seven and eight of an act entitled
an act to incorporate the Farmville and Staunton River rail-
road company, approved March the sixth, eighteen hundred
and eighty-two, as amended by an act approved April the
twenty-first, eighteen hundred and eighty-two, be amended
and re-enacted so as to read as follows:

§1. Be it enacted by the gencral assembly of Virginia,
That R. S. Paulett, W. G. Dunnington, B. L. Anderson, C.
M. Walker, W. W. H. Thackston, S. B. McKinney, R. M.
Burton, Peter Winston, W. P. Gilliam, A. R. Venable, Jr.,
G. W. Davis, J. M. Crute, J. P. Fitzgerald, J. L. White, H.
R. Hooper, A. W. Drumeller, N. H. Champlin, B. 8S. Hooper,
T. P. Robertson, and F. N. Watkins, of the town of Farm-
ville; J. D. Eggleston, J. M. Venable, C. H. Bliss, Sr., A. J.
Price, and D. Kemper, of the county of Prince Edward; J.
W. Eggleston, William T. Scott, M. M. Martin, W. R. Gaines,
and A. J. Terry, of the county of Charlotte; W. L. Lancaster
and B. A. Wilson, of the county of Cumberland; Ed. W.
Hubbard, J. B. Ficklen, J. V. Crute, R. A. Baldwin, and J.
A. Wright, of the county of Buckingham; John Booker, W.
J. Johnson, Robert T. Hubard, and J. W. Fisher, of the city
of Richmond; aud H. 5. Reynolds, of the city of Nortolk, or
such of them as may accept the provisions of this act, and
such persons and corporations as may be associated with
them in the manner hereinatter provided, shall] be, and they
are hereby constituted a body politic and corporate. by the
name and style of Farmville and Staunton River Railroad
Company, and by that name shall have all the powers, rights,
and tranchises necessary and proper to locate, construct and
maintain a narrow-gauge railroad. or a standard-gauve rail-
roud—whichever gauge the said company may choose to
adopt—to be known as the Farmville and Staunton River

railroad, to begin at the town of Farmville. in the county of
Prince Edward, thence through the county of Prince Edward,
by or near Hampden Sidney college, and through the county
of Charlotte, by or near the village of Smithville. in’ said
county, to some point on the Staunton river, not above or
west of Brookneal; thence throuch the counties of Halifax
and Pittsylvania, and to cross at grade, unite. consolidate
and connect with auy railroad or branch thereof which muy
be deemed necessary and advantageous to the completion
and successful operations of its railroad, in addition to the
branch lateral roads and extensions provided for in section
five of this charter, and that said company shall have its
chief office in the town of Farmville.

2. That the capital of said company may be five hundred
thousand dollars, to be divided into shares of fifty dollars
each, and may he increased from time to time by the board
of directors to such an amount as may be necessary for the
completion of said railroad; and such company may be fully
orvanized whenever a sufficient amount of said stock has
been taken to justifv. ino the opimon of the corporators, the
commencement of said work. And the board of directors of
such company, in order to fully construct and equip said rail-
road, shall also have the power to issue bonds, in sums of not
less than one hundred dollars each, payable, principal and in-
terest, at such times and places, and in such manner as may
be deemed most advantageous to said company, and may
secure the same by one or more mortyages on the road, in-
come, franchises, and real and personal property of the com-
pany, or such parts thereof as may be designated in the
mortgage or mortyaes.

g 3. The cor porators enumerated in the first section of this
act. or any fifteen of them, a majority of those resident in
each county having been first notified of the time and place
of meeting. may meet for the purpose of effecting a tempo.
‘ary organization, which temporary organization “shall con:
tinue in furce for two years, unless a permanent organization
shall be sooner effected. A president, directors, “and such
other officers as the corporators may deem necessary anc
expedient, shall be clected ; and the general law of the state
in reference to incorporated and internal improvement com.
panies, shall, in all respects consistent with this act, apply to
this company

§ 4. It shall be lawful for said company to acquire in sub-
scriptions to the capital stock of said company, or by dona-
tions or otherwise, lands, mines, property, material or labor,
or to receive subscriptions from other companies, associations
and corporations, and to make such arrangements as shall be
mutually agreed upon by the respective boards of directors
of said companies, associations and corporations, for the en-
dorsement of, sale or exchange of stock, whereby facilities
may be increased for the speedy completion of said railroad;
and the said company may sell, lease, or otherwise dispose of
any lands or other property acquired under this section of
this act at their pleasure. And the said board of directors
may, from time to time, retire any of the capital stock of said
company as may be decmed best for the interest of said com-
pany; but the said company shall not bold more than twenty
thousand acres of land in any one county at any one time.

§5. The said railroad company shall have power to build
branch lateral roads not exceeding twenty miles cach in length
from their main line, to connect with mines, lands, works or
manufactories owned or operated by said company, or by any
other company, association or individual, or to connect with
any other railroad, and shall have power to extend their line
from the town of Farmville through the counties of Cumber-
land and Powhatan, or cither of them, to connect with any
railroad or branch thereof in either of said counties,

86. The town of Farmville is hereby authorized in the
manner and under the rules and regulations prescribed by
law, to subscribe for not more than one hundred thousand
dollars of the capital stock of said company, and the counties
of Charlotte, Cumberland, Prince Edward and Powhatan, or
any incorporated town or city along or near the line of this
railroad, or at any terminal point ‘thereof, or along or near
the line of its br anch, lateral or connecting lines, or at their
terminal points, may ‘subscribe to the capital stock of said
company, and to this end it shall be the duty of the county
court of any such county, and the hustings or corporation
court of any such town or ci ty in its discretion, to cause a
vote of the qualified voters of such county, town or city, to
be taken at such time and for such amount as the president
and board of directors of said Farmville and Staunton river
railroad company may request; notice of said election shall
be given in accordance with section sixty-two, chapter sixty-
one of the Code of eighteen hundred and seventy-three.
If it shall appear by the returns thereof that three-fifths of
the qualified voters voting upon the question, which shall
include a majority of the freeholders voting on the question
in any county, town or city, are in favor of such subscription,
the same shall be made, and thereupon the county, hustings
or corporation court of such county, town or city shall make
all necessary orders for the issuing and delivery to said com-
pany of the bonds of such county, town or city, to the amount
of subscription so made, and payable at such times and places,
and in such sums, with interest at a rate not exceeding six
per centum per annum, as said court may determine, and said

onds shall be received at par in payment of said subscription.
Said court, in ordering said vote, may, in ite discretion, require
the whole, or any part of said subscription, to be expended in
the county making the same. The supervisors in any county
making a subscription under the provisions of this act, are
authorized and required to levy and collect a tax sufficient to
pay the interest and provide a sinking fund to liquidate the
principal of said bonds when due: provided that the county
of Prince Edward, excluding the town of Farmville, shall not
subscribe for more than fifty thousand dollars to said capital
stock: and provided further, that the county of Charlotte
may subscribe for an amount not to exceed one hundred thou-
sand dollars to said capital stock. And the said Farmville
and Staunton river railroad company is hereby authorized
and empowered to issue to the town of Farmville preferred
stock for any additional subscription to the capital stock said
town may hereafteg, make, on such terms as the stockholders
of said company may direct.

§7. The said company shall expend, in actual construction
of its road, the sum of twenty-five thousand dollars within
two years from the passage of this act, otherwise this charter
shall be void.

§8. All acts and parts of acts in conflict with this act are
hereby repealed.

§9. That the said company by the acceptance of this char-
ter, hereby agrees to pay all taxes, dues and demands due the
state, that may be hereafter assessed against it, in lawful
money of the United States, and not in coupons.

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