Chap. 236.—An ACT to amend and re-enact section 4 of an act passed
December 17th, 1866, entitled an act to incorporate the Virginia Ex-
press Company.

! Passed February 23, 1867.

1. Be it enacted by the general assembly, That-an act
passed February ninth, eighteen hundred and sixty-seven,
entitled an act authorizing “railroad companies to subscribe
for and hold stock in. the Virginia express company, be
amended and re-enacted so as to read as follows:

Ҥ 1. Any railroad company may subscribe for and hold
stock in the Virginia express company, provided the amount
so subscribed for and held, whether of preferred or: general
stock, shall not exceed in amount twenty thousand dollars:
provided, also, that any railroad company, or other party
subscribing for preferred stock in the Virginia express com-
pany may ‘vote thereon as if the same were capital stock.”

2. All acts or parts of acts heretofore passed inconsistent
with this act are hereby repealed.

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

Chap. 237 —An ACT to incorporate the Shenandoah Valley Railroad
Company.

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Passed February 23, 1867.

1. Be it enacted by the general assembly, That it shall be
awful to open books of subscription in Harrisonburg, in the
county of Rockingham, under the direction of S. A. Coff-
man, Henry Forer and A. M. Newman, or any two of them;
in Luray, in the county of Page, under the direction of Peter
B. Borst, William Milnes and Benjamin F’. Grayson, or any
two of them; in Front Royal, in the county of Warren,
under the. direction of William M. Buck, Robert Turner and
Thomas N. Ashby, or any two of them; in Winchester, in
the county of Frederick, under the direction of Loyd Logan,
Henry M. Brent and Philip Williams, or any two of them;
in Berryville, in the county of Clark, under the direction of
David H. MeGwin, William N. Nelson and David Meade, or
any two of them; in Staunton, in the county of Augusta,
under the direction of Nicholas K. Trout, Michael S. Har-
man and George Baylor, or any two of them; in Lexington,
in the county of Rockbridge, under the direction of James
S. Paxton, J. McD. Taylor and William C. Lewis, or any
two of them; in Buchanan, in the county of Botetourt, under
the direction of John S. Wilson, William D. Couch and Al-
phonso Finney, or any two of them; in Fincastle, in the said
county of Botetourt, under the direction of W. E. M. Word,
T. G. Goodwin and W. A. Glasgow, or any two of them;
and in Salem, in the county of Roanoke, under the direction
of Bernard Pitzer, Frederick Johnston and George W.
Shanks, or any two of them; and in Stanardsville, in the
county of Greene, under the direction of John B. White,
George J. Stevens, Wyatt S. Beasley, James F. Affield and
William T. Sims, or any three of them; and im such other
place or 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 receiv-
ing subscriptions to the amount of four millions dollars, in
shares of one hundred dollars each, to constitute a joint
capital stock for constructing a railroad from the town of
Harpers Ferry, in the county of Jefferson, or some other

oint on the Potomac river, through the counties of Warren,

age, at or near Port Republic in the county of Rocking-
ham, Augusta, Rockbridge and Botetourt, to connect with
the Virginia and Tennessee railroad at or near Salem, in the
county of Roanoke, with a branch from some suitable point
on said road to Harrisonburg in Rockingham county; also a
branch from some suitable point on said road, via Stanards-
ville in Greene county, to Gordonsville in the county of
Orange; also a branch from some suitable point on said road
to the town of Lexington, in the county of Rockbridge.

2. Whenever two hundred thousand dollars of stock shall
have been subscribed, the subscribers, their executors, admin-
istrators and assigns shall be and are hereby declared to be
a body politic and corporate, under the name and style of
The Shenandoah Valley Railroad Company; and shall be
subject to all the provisions of the Code of Virginia applica-
ble to internal improvement companies, except so far a8 the
same may he 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 thay may deem necessary, for which théy 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 for the
purposes of this act, and to issue proper certificates of such
loans, and to pledge the property of the company by mort-
gage or otherwise for the payment of the same and the inte-
rest that may accrue thereon.
4, This act phat be in force from its passage.