Chap. 653.—An ACT to incorporate the Waynesboro and Basic City railway
company and to authorize and empower the said company to acquire and
operate the street railway and franchises constructed and operated by J. W.

rshall and his associates under grants from the municipal authorities of
the town of Waynesboro and Basic City, in the county of Augusta.

Approved March 3, 1896.

1. Be it enacted by the general assembly of Virginia, That A. D.
Payne, R. P. Valentine, Charles L. Carver, C. G. Sinclair, W. G. Mo-
ran, H. L. Munday, J. W. Marshall and Q. L. Williams, or any five
or more of them, and their associates and successors, be, and are
hereby, constituted a body corporate by the name and style of the
Waynesboro and Basic City railway company.

2: The said company shall have power and authority to construct
and equip, maintain and operate, by horse or other power, except
steam power, 8 street railway in, over and along any of the streets or
roads of the town of Waynesboro or of Basic City, in the county of
Augusta, Virginia, after first obtaining permission of the municipal
authorities of the said town respectively; and the said company
shall have power and authority to acquire and operate the line of
street railway now being operated in the said towns under the privi-
leges and franchises heretofore granted by the municipal authorities
of each of said towns to J. W. Marshall and his aseociates, and may
likewise acquire from the said Marshall and his associates or assigns,
and may exercise and enjoy all the rights, privileges and franchises
granted him and his associates with respect to the aforesaid railway.
And the said company shall have, enjoy and exercise all the rights,
powers, privileges and franchises pertaining to corporate bodies of
this general character and necessary to the due development of the
purposes of this charter and to the maintenance of the corporation
hereby created.

3. It shall be lawful for the said company to transport passengers,
freight not to exceed fifty pounds in any single package, baggage and
the United States mail over the line of their railway, and to collect
fares and tolls for the same; provided that in no case shall the fare be
more than five cents for one continuous trip. |

4, The capital stock of the said company shall be not be less than
four thousand dollars, and not more than twenty-five thousand dol-
lars, to be divided into shares of fifty dollars each.

5. The said company shall have authority and power to borrow
money for the use of the corporation, and to secure such loans by deed
of trust or mortgage on all or a part of its property, franchises and
income.

6. The said company shall pay all of its taxes in lawful money of
the United States, and not in coupons.

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