Chap. 250.—An ACT to incorporate the Durham, Blue Wing and
Clarksville Railroad Company.

Approved February 26, 1886.

?1. Be it enacted by the general assembly of Virginia, That
William Raker and Wm. Z. Raker, of Pennsylvania; B. W.
L. Holt and Howell Nelson, of Virginia; and Seth Riford, of
Chicago, Illinois, or any three of them, their associates, suc-
cessors or assigns, are hereby made and declared a body poli-
tic and corporate, by the name and style of the Durham, Blue
Wing and Clarksville railroad company, for the purpose of
constructing and operating a railroad from the North Carolina
line, in Halifax county, Virginia, to Clarksville, in Mecklen-
burg county, Virginia, by such route as may be deemed most
suitable by said incorporators.

2. Said company shall have perpetual succession and a com-
mon seal, which it may renew or alter at pleasure; may sue
and be sued, plead and be impleaded, contract and be con-
tracted with, and make al) ordinances, by-laws, and regula-
tions, not inconsistent with this act and the laws of this state.

3. It shall be lawful for said company to accept and acquire,
in subscriptions to its capital stock, by donations or otherwise,
money, credit, lands, mines, material or labor. It may, more-
over, unite or connect with, and receive subscriptions for stock
from other companies, associations, and corporations of this or
any bordering state, and may make such arrangements with
the respective boards of directors of such companies, associa-
tions aud corporations, for the endorsement of bonds and sale
and exchange of stocks, to facilitate the speedy completion
and successful operation of its road, as may be mutually agreed
upon; and said company may lease, sell, or otherwise dispose
of all lands, mines and other property acquired under this act
at its pleasure: provided this company shall always remain a
Virginia corporation, as regards the right of suing and being
sued.

4. The capital stock of the company shall not be less than
one hundred thousand dollars, nor more than five hundred
thousand dollars, unless said amount shall be found inadequate
to construct and operate said road, in which case, by a concur-
rent vote of stockholders, representing at least two-thirds of
all its stock, it'may increase its capital sufficiently to raise the
amount of money necessary for the purpose aforesaid. Said
company shall have power to borrow money to such an amount
as it may deem proper or necessary, and to issue for any loan,
debentures or bonds of the company, bearing interest at such
rate per annum as the company may determine. Said deben-
tures may be expressed in dollars or pounds sterling, and to
secure the payment of such loan or loans, said company may
execute one or more mortgages or deeds of trust on the whole
or any part of its property, real, personal and mixed, its char-
ter rights, franchises and income. BS

5..The shares of stock of said company shall be one hun-
dred dollars each, allowing one vote, either in person or by
proxy, at the meeting of stockholders, for any share upon
which all assessments due at the time of meeting have been
made. ;

6. Said road to be either broad or narrow guage, as the in-
corporators may elect, with such number of tracks as may be
desired, with all necessary depots and other conveniences, and
for that purpose said company shall be entitled to acquire title
to a continuous line of one hundred feet in width of land, with
such additional land as may be necessary for the use of said
railroad company.

7. It shall be lawfu] for said company to construct and operate
lateral or branch railways or tramways, of any desired guage,
not exceeding twenty miles in length, which shall have all the
rights and powers, and be subject to all the restrictions of the
main line. :

8. The said company shall be required to commence the
construction of said road within two years from the passage of
this act and complete the same within five years thereafter ;
otherwise the powers, privileges, and franchises hereby granted
shall be zpso facto void. :

9. The corporators herein mentioned shall*have the powers
and authorities of a president and board of directors, for the
purpose of the organization of said company, and for all other
purposes, until a president and board of directors shall be
elected at a meeting of stockholders; and such meeting, shall
be held upon such notice as the corporators may deem proper,
when ten per centum of the capital stock shall have been sub-
scribed. The said corporators shall elect one of their number
chairman, who shall have the power and authority of president
of said company, and in all matters a majority of said corpo-
rators shall control and constitute a quorum for the transaction
of business.

10. All taxes due the state by said company shall be paid in
lawful money, and not in coupons of the state.

11. This act shall be in force from its passage, and shall be
subject to repeal, amendment, or modification at the pleasure
of the general assembly of Virginia.