Chap. 678.—An ACT to amend and re-enact sections 3 and 6 of an act entitled an
act to incorporate the James River Railway Company, in effect February 22,
1900.

Approved April 2, 1902.

1. Be it enacted by the general assembly vf Virginia, That sections
three and six of an act entitled an act to incorporate the James River
Railway Company, in effect February twenty-second, nineteen hundred,
be, and the same is hereby, amended and re-enacted so as to read as fol-
lows:

§ 3. The capital stock of the said company shall not be less than ten
thousand dollars, and may, from time to time, be increased by the stock-
holders of said company in meeting assembled to any amount not ex-
ceeding five hundred thousand dollars, and shall be divided into shates of
one hundred dollars each: provided, however, that the stockholders, at
any regular meeting, or at a meeting called for that purpose, by a vote
of the owners and representatives of a majority of the then capital stock,
may increase the same, from time to time, or may authorize the board of
directors to increase the same: provided, however, it shall be lawful for
said company at any time, by a vote of a majority of its stockholders, to
further increase its capital stock in excess of the maximum of capital
stock hereinbefore provided for to an amount not exceeding twenty-five
thousand dollars for each mile of road actually constructed ; but said in-
crease of stock shall not be valid, nor shall certificates therefor be issued,
until and except the said company shall pay into the State treasury the
amount of the tax (now) required by law to be paid on such increase of
stock, and shall file with the secretary of the Commonwealth a certificate,
verified by the affidavit of the president of said company, showing the
number of miles of said railroad actually constructed and the amount
of such increase of stock. The secretary of the Commonwealth, when he
is satisfied that the additional tax herein provided for has been paid into
the treasury, shall record said certificate in the manner provided by law
for the recordation of charters granted by circuit courts. And the direc-
tors may receive cash, labor, material, bonds, stocks, real or personal
property in payment of subscriptions to the capital stock at such valua-
tion as may be agreed upon between the directors and the subscribers,
and may make such subscriptions payable in such manner or amount
at such times as may be agreed upon. The inccrporators above named,
or a majority of them, may receive subscriptions to the capital stock in
such manner as they may deem best, and no advertisement of the time
and place at which the books will be open for subscriptions shall be neces-
sary. The said company shall have the power to issue preferred stock
upon such terms as may be determined upon by a majority of the stock-
holders. a
The said company is authorized and empowered to locate, construct
equip, and operate any Jateral branch or tramway, not exceeding twent
miles in length each, which a majority of its stockholders may determine t
construct and operate, and by such route as may be determined upon bs
its board of directors, and may at any time, with the consent of the ma-
jority of the stockholders, extend its line of railway by such route as it
directors may determine upon into the city of Richmond, and westward);
from the city of Richmond to any point on the line between the State:
of Virginia and West Virginia, in the counties of Craig, Alleghany, «1
Bath, and may cross any rivers or streams that may lie in the route d.~
termined upon: provided, the navigation of said rivers and streams =
crossed shall not be interfered with, and that said road shall not occupy
or use the streets of any city or town without the consent of the town
council thereof, and that said road shall not occupy or use any publi:
road of any county through which the same may pass without the consent
of the board of supervisors of said county; and the said company mai
acquire, by purchase, the rights, franchises, and property of any othe:
company, and when the same shall have been so acquired, they shall ix
and: become the rights, franchises, and property of the said company.
and may connect or unite its said road with that of any other company or
companies, or consolidate or merge its stock, property, and franchises
with those of any other company or companies operating in this State.
and upon such terms and under such name as may be agreed upon be-
tween the companies so uniting or connecting, merging or consolidatiny,
and may enter into traffic or other arrangements of contract with any
other railroad company, whether organized under the laws of this State
or not; and to these ends power is hereby given to such company to make
and carry out such contract, by lease, purchase, acquisition of stock in
such company, or otherwise, as will facilitate and consummate such con-
nection or consolidation, or such traffic contract, upon such terms as may
be agreed upon by the board of directors of this company and any other
such company. And the said company may own, charter, or otherwise
employ vessels propelled by steam or sail, or by other means, in order to
facilitate and meet the demands of trade and' commerce, and to construct
all necessary work, conveniences, and facilities as will aid in the further-
ance of its purposes, such as wharves, piers, warehouses, and other struc-
tures, with the right to charge and collect tolls for the use of the same.

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