Chap. 334.—An ACT to incorporate the Fredericksburg and Chesa-
peake Railroad Company.

Approved March 7, 1884.

1. Beit enacted by the general assembly of Virginia, That
Robert M. Mayo, J. N. Arnest, R. L. T. Beale, James J. Me-
Donald, John ‘Murphy, W. W. Douglas, J. D. ‘Luttrell, E. 8.
Phillips, John Critcher, R. J. Washington, R. Byrd Lewis, A.
K. Phillip, F.C. S. Hunter, Julian J. Mason, KE. S. Ruggles.
L. R. Stewart, W. A. Jones, I’. W. Payne, R. C. Wellford, W.
D. Garland, W. W. Walker, F. U. Northup, George Walker.
J. A. Northup, W. D. Snow, W. A. Hudnall, H. EK. Coles, W.
Warrington Evans, E. Brown, Cyrus Harding, R. T. Pierce,
R. O. Norris, N.5. ‘Woodhull, NHL Timts, R. M. Saunders.
L. T. Smith, William Dawson, L. W. Courtney, W. R.
Claughton, J. H. Fallin, J. kK. Mason, George W. Headley,
their associates and successors, or such of them as may ac-
cept the provisions of this act, and such other persons and
corporations as may become associated with them in the
manner hereinafter provided, shall be, and they are bereby
constituted a body corporate by the name of the Fredericks-
burg and Chesapeake Railroad Company; and by that name
shall have all the powers, rights and fr anchises necessar y and
proper to construct, equip and maintain a railroad to be
known as the Fredericksburg and Chesapeake railroad.
and to run from Fredericksburg, in the county of Spotsyl-
vania, by such route as the said company may determine.
through the counties of Stafford, King George, Westmore-
land, Richmond and Northumberland, to some suitable point
upon the Potomac river, or the Chesapeake bay, and their trib-
utarics; and said company may build branch lines not exceed-
ing twenty milesin length to any mineral or other lands that
may be owned or acquired by purchase or otherwise by said
corporation ; and the said company shall have power to pur-
chase and hold timber or other lands not to exceed twenty
thousand acres in any county at any one time for the pur-
pose of working the same in order to furnish tonnage to its
roads, and to lease or sell the same.

2. The capital stock of said company shall not exceed two
million dollars, to be divided into shares ot one hundred dol-
lars each, each share being entitled to one vote; and it shall
be lawful for the persons hereinbefore named, or any seven
of them, to organize the company by an election of a presi-
dent and a board of directors, and such officers as may be
necessary ; and thereupon they shall have and exercise all
the general powers and functions of a corporation, and be
subject to all the restrictions imposed by the laws of the
state applicable to internal improvement companies, except
so far as the same may be changed or modified by this act ;
but the said company shall not commence the construction
of the said road until there is subscribed or donated by indi-
viduals, counties or corporations at least the sum of eighty
thousand dollars, and any connecting railroad company, with
the assent of this company, may subscribe to the said stock,
and subscriptions thereto be made in money, materials or
lands.

3. The board of directors shall have power to issue bonds
in sums of not less than one hundred dollars each, bearing
interest not exceeding six per contum per annum, the princi-
pal and interest payable at such times and places as the
board of directors may determine, and may secure the same
by one or more mortgages on the road, franchises, in-
comes and real and personal property of the company, or
such parts thereof as may be designated in the mortgages,
and may lease its rolling stock and equipments, or any of
them, to any other company.

4. The said company is required to commence the con-
struction in two years, and to complete its road within ten
years from the passave of this act.

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