Chap. 208. — An ACT to incorporate the Virginia and Cumberland Gap
Railroad Company.

Passed) February 0, Dsue,

1. Be it enacted by the general assembly, That it shall be
lawful to open books of subseription in Jonesville, in the
county of Lee, under the direction of Il. J. Morgan, David
Miller and William MeDonald, or any two of them; in
Galadeville, in the county of Wise, wnder the direction of
J. M. Gibson, R. P. Dickinson and Hiram Riges, or any two
of them; in Lebanon, in the county of Itussell, umder the
direction of Thomas C. AM. Alderson, EK. t. Baylor and Jef
ferson Jessee, or any two of them; at the old courthouse,
in the county of Itussell, under the cirection of William 3B.
Aston, James II. Dickinson and Dr. C. Hasterley, or any two
of them; in Abingdon, in the county of W ashington, under
the direction of John A. Campbell, William Byars and
Alexander Stuart, or any two of them; in Marion, in the
county of Smyth, under the direction of James W. Sheffey,
V.S. Morgan and Charles J. Shannon, or any two of them
and in such other places, and under the direction of such
agent or agents as a majority of the commissioners at either
of the above named places may designate, for the purpose of
receiving subscriptions to the amount of two millions of dol-
lars, In shares of one hundred dollars each, to constitute a
joint capital stock for the purpose of making a railroad from
Cumberland gap, in the county of Lee, through Ivussell
county, by way of Saltville and Plaster Banks, or as nearly
as practicable, consistently with the public interests of the
improvement, to a suitable point of connection with the Vir-
ginia and ‘Tennessee railroad, and providing everything for
convenient transportation on the same.

2. Whenever titty thousand dollars of stock shall have
been subscribed, the subscribers, their executors, admunistra-
tors and assigns, shall be and are hereby declared to be a
body politic and corporate, under the name and style of The
Virginia and Cumberland Gap Railroad Company | and shall
be subject to all the provisions of the Code of Virginia ap-
plicable to internal improvement companies, except so far as
the same may be inconsistent with the provisions of this act.

3. If the capital stock of said company shall be deemed
insufficient for the purpose of this act, it shall and may be
lawful for the directors, or a majority of them, from time to
time, to increase the same by the addition of so many shares
as they may deem necessary; for which they may, at their
discretion, cause subscriptions to be received in such manner
as may be prescribed by them; or may sell the same for the
benefit of the said company, for any sum not under the par
value thereof: and the said directors, or a majority of them,
shall. by and with the consent of the stockholders, in general
meeting assembled, have power to borrow money tor the
purpose of this act, and to issue proper certificates of such
bonds, and to pledge the property of the company, by mort-
gage or otherwise, for the payment of the same, and the in-
terest that may accrue thereon.
4, This act shall be in force from its passage.

Chap. 208. — An ACT to incorporate the Virginia and Cumberland Gap
Railroad Company.

Passed) February 0, Dsue,

1. Be it enacted by the general assembly, That it shall be
lawful to open books of subseription in Jonesville, in the
county of Lee, under the direction of Il. J. Morgan, David
Miller and William MeDonald, or any two of them; in
Galadeville, in the county of Wise, wnder the direction of
J. M. Gibson, R. P. Dickinson and Hiram Riges, or any two
of them; in Lebanon, in the county of Itussell, umder the
direction of Thomas C. AM. Alderson, EK. t. Baylor and Jef
ferson Jessee, or any two of them; at the old courthouse,
in the county of Itussell, under the cirection of William 3B.
Aston, James II. Dickinson and Dr. C. Hasterley, or any two
of them; in Abingdon, in the county of W ashington, under
the direction of John A. Campbell, William Byars and
Alexander Stuart, or any two of them; in Marion, in the
county of Smyth, under the direction of James W. Sheffey,
V.S. Morgan and Charles J. Shannon, or any two of them
and in such other places, and under the direction of such
agent or agents as a majority of the commissioners at either
of the above named places may designate, for the purpose of
receiving subscriptions to the amount of two millions of dol-
lars, In shares of one hundred dollars each, to constitute a
joint capital stock for the purpose of making a railroad from
Cumberland gap, in the county of Lee, through Ivussell
county, by way of Saltville and Plaster Banks, or as nearly
as practicable, consistently with the public interests of the
improvement, to a suitable point of connection with the Vir-
ginia and ‘Tennessee railroad, and providing everything for
convenient transportation on the same.

2. Whenever titty thousand dollars of stock shall have
been subscribed, the subscribers, their executors, admunistra-
tors and assigns, shall be and are hereby declared to be a
body politic and corporate, under the name and style of The
Virginia and Cumberland Gap Railroad Company | and shall
be subject to all the provisions of the Code of Virginia ap-
plicable to internal improvement companies, except so far as
the same may be inconsistent with the provisions of this act.

3. If the capital stock of said company shall be deemed
insufficient for the purpose of this act, it shall and may be
lawful for the directors, or a majority of them, from time to
time, to increase the same by the addition of so many shares
as they may deem necessary; for which they may, at their
discretion, cause subscriptions to be received in such manner
as may be prescribed by them; or may sell the same for the
benefit of the said company, for any sum not under the par
value thereof: and the said directors, or a majority of them,
shall. by and with the consent of the stockholders, in general
meeting assembled, have power to borrow money tor the
purpose of this act, and to issue proper certificates of such
bonds, and to pledge the property of the company, by mort-
gage or otherwise, for the payment of the same, and the in-
terest that may accrue thereon.
4, This act shall be in force from its passage.