Chap. 405.—An ACT to incorporate the Henderson, Roanoke, and
Virginia railroad company.
Approved March 3, 1886.

1. Be it enacted by the general assembly of Virginia, That
George P. Tarry, Charles D. Hill, Charles Watkins, Thomas
C. Williams, William H. S. Burgwyn, W. S. Parker, D. Y.
Cooper, R. E. Young, James H. Lassiter and George B. Har-
riss, of Virginia, or any five of them, their associates, success-
ors or assigns, are hereby made and declared a body politic
and corporate, by the name and style of the Henderson, Roa-
noke and Virginia railroad, for the purpose of constructing
and operating a railroad from Clarkesville, in Mecklenburg
county, Virginia, or some point or points on the Richmond and
Danville railroad, in Virginia, to some point or points on the
North Carolina line, in and by such route as may be deemed
most suitable by said corporation.

2. Said company shall have perpetual succession, and a
common 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 all ordinances, by-laws and regulations
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, materials, or labor. It may,
moreover, 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,
associations and 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
five thousand dollars per mile for each mile proposed to be
built or operated, 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.

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

6. Said road to be either broad or narrow-gauge, 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, by
condemnation, purchase, gift or otherwise, with such additional
land as may be necessary for the use of said railroad company.

7. It shall be lawful for said company to construct and ope-
rate lateral or branch railways or tramways of any desired
gauge, not exceeding fifty 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 of the passage of
this act, and complete the same within five years thereafter,
otherwise the powers, privileges and franchises hereby granted
shall be ipso 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 five 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.