Chap. 487.—An ACT to incorporate the Fauquier and Rappahannock
railroad company.

Approved March 6, 1888.

1. Be it enacted by the general assembly of Virginia, That '
it shall be lawful to open books of subscription at the town’
of Washington aud such other places in the county of Rap-
pahannock asthe commissioners hereinafter named shall desig-
nate, under the direction of J. Y. Menefee, Middleton Mil- '
ler, John T. Daniel, Basil B. Gordon, John T. Fletcher, W.
W. Moftett, J.J. Miller, John A. Browning, William F. An-
derson, H. S. Menefee, Colonel T. B. Massie, H. S. Fletcher,
H. H. Wood, Robert E. Miller, James W. Fletcher, William
Mason, James E. Yates, Robert L. Menefee, P. H. O'Bannon,
John B. Miller, William Yancey, Joseph Crane, T. G. Pop-
ham, Charles Green, William N. Smith, N. B. Smoot, and H.
G. Moffett, junior, or any five of them; and also at Salem,
Warrenton, and Fauquier White Sulphur Springs, and other
pace in the county of Fauquier such as the commissioners

ereinafter named shall designate, under the direction of
Hugh R. Garden, James Keith, William H. Payne, R. Taylor
Scott, R. M. Stribling, Thomas Foster, and James M. Marshall
Priestly, or any five of them, for the purpose of receiving
subscriptions to an amount not exceeding one million dollars,
in shares of twenty-five dollars each, to constitute a joint.
capital stock for constructing a railroad from some point
on the main line of the Virginia Midland railway com-

any, or any branch thereof, or from some point on the
Ehenandoah Valley railroad to Sperryville, in the county of
Rappahannock, running to or within a mile of Washington,
the county seat of said county.

2. Be it further enacted, That whenever ten thousand dol-
lars of the amount aforesaid shall have been subscribed, the |
subscribers shall be and they are hereby declared and consti-
tuted a body politic and corporate, under the name and style
of the Fauquier and Rappahannock railroad company, and |
as such shall be entitled to all the privileges conferred, and
subject to all the restrictions imposed by the general laws of
Virginia, so far as the same are applicable and not inconsist-
ent with this act.

3. It shall be lawful to receive subscriptions to the capital |
stock of this company, in money, labor, land, or material, such
as timber, stone, lumber, or other supplies usually required in
the construction of railroads.

4. It shall also be lawful to receive subscriptions to stock
of this company from any mining or manufacturing com-.
panies which may be established to operate upon the line of
this railroad in the state of Virginia, and interested in its
construction.

5. The-said company shall have power to build branches
or lateral roads not exceeding twenty miles in length, to con-
nect with any mines, iron works, or other manufactories or

rela
beds or deposits of other minerals in said counties or adjacent
counties.

6. Subscriptions to the stock of said company may be made
by the county of Rappahannock, or any adjoining county
interested in the construction of this road or its branches:
provided however, that the subscriptions voted by the coun-
ties shall be expended in the counties making the same, and
the proper authorities of said counties shall cause a vote to
be taken therein on the question of such county subscrip-
tions at such time as the commissioners of subscriptions
named in the first section of this act, or a majority of them,
or the company may ask such vote to be taken, except that
in order to authorize said subscription, it shall only be neces-
sary that three-fifths of the votes cast at such election shall
be in favor of said subscription; which said three-fifths shall
include a majority of the freeholders voting, and a majority
of the registered voters of such county or counties. Should
such subscriptions be ordered, the board of supervisors of said
county or counties shall make such subscriptions: provided,
that the amount so subscribed shall not impose an annual tax
in excess of twenty cents on the one hundred dollars, to pay
the interest on the amount so subscribed, and to provide a
sinking fund for the extinguishment of the principal; and to
this end may issue bonds, bearing a rate of interest not ex-
ceeding six per centum per annum of such denominations as
said authorities may determine.

7. It shall be lawtul for said railroad company to borrow
money for the construction or repair of the road, issue bonds
and secure the same by mortgage upon its property and fran-
chises or otherwise.

8. It shall be lawful for said company to lease its road, or
any part thereof to the Virginia Midland railway company
or any other railroad company chartered by the common-
wealth.

9. The road herein authorized to be constructed, shall be
commenced within two years from the passage of this act
and be completed to Sperryville within three years.

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