Chap. 241.—-An ACT to incorporate the Laurel Fork Mining and Manu-
facturing Company.

Passed February 25, 1867.

1. Be it enacted by the general assembly, That E. L. Ro-
berts, M. B. Tate and Wm. C. Sexton, together with such
other persons as may hereafter be associated with them, be
and they are hereby incorporated and made a body politic
and corporate, by the name and style of The Laurel Fork
Mining and Manufacturing Company, for the purpose of
mining for and manufacturing iron, coal, gypsum, salt and
other mineral and vegetable substances, in the counties of
Smyth, Washington and Tazewell; and they are hereby
invested with all the rights, powers and privileges conferred
on such bodies politic and corporate, and subject to all the
restrictions and regulations in relation to joint stock compa-
nies and corporations generally contained in the Code of Vir-
ginia, and any law amendatory thereof not EREONSIGESHS with
the provisions of this act.

2. The capital stock of said company shall not be less
than twenty thousand dollars, nor more than one hundred
and fifty thousand dollars, to be divided into shares of fifty
dollars each ; and said company shall be authorized to borrow
money to the extent of ten thousand dollars, at a rate. of
Interest not exceeding eight per centum per annum.

3. For the purpose of obtaining subscriptions to the capi-
tal stock of said company, it shail be lawful for books of sub-
scription to be opened at Marion, under the direction of
Wm. C. Sexton; and at Broad ford, under the direction of
E. L. Roberts and. M. B. Tate, or either of them, at such
times and places as they may appoint, who may réceive in
payment of such subscriptions either money, lands or per-
sonal property—the valuation of the lands and personal pro-
perty to. be agreed upon between the commissioners and
subscribers at the time the subscription is made. !

4. Said company shall have power to purchase and hold
lands in the counties of Smyth, Washington and Tazewell,
not. exceeding two thousand acres in each county.

5. It shall be lawful for said company, by bateaux, boats
or barges, to navigate the North Fork of Holston river, in
conveying their productions and manufactures from their
works to any of the markets south or southwest.

6. This act shall be in force from its passage, and subject
to amendment, alteration or repeal, at the Pleasure of the
general assembly.
Chap 242.—An ACT to authorize the Winchester and Potomac Railroad
Company to increase its Capital Stock and to Borrow Money.

Passed February 25, 1867.

_ 1. Be it enacted, That the Winchester and Potomac rail-
road company is authorized to increase its capital stock by
an amount not exceeding seventy-five thousand dollars, in
shares of twenty-five dollars each, in order to have the debts
due from the said company converted into stock, or such of
the debts as the creditors may agree to convert; and that
such new stockholders shall be subject to the same terms and
conditions, and be entitled to the same rights and privileges,
as the present holders of stock.

2. That the said company is hereby authorized to borrow
a sum of money not exceeding fifty thousand dollars, on such
time and for such rate of interest as may be agreed upon,
and to secure the payment thereof by a lien upon the road
and its real and personal property and franchise.

8. This act shall be in force from the passage thereof.

Chap. 241.—An ACT to incorporate the Washington Springs Company.

P ’ Passed February 28, 1867.

1. Be it enacted by the general assembly, That Edmund
Longley and: George M. Everhart, the proprietors and owners
of certain real estate, containing valuable mineral waters,
situated in the county of Washington, and known as the
Washington Springs, and such other persons as they may as-
sociate with them, be and they are hereby constituted a bod
politic and corporate, under the name and style of The
Washington Springs Company, and by that name and style
shall have continual succession, may sue and be sued, contract
and be contracted with, have and use a common seal; may
purchase and hold real estate, not éxceeding one thousand
acres; may sell and convey, lease out or rent any portion
thereof, and improve the same by building or farming, and
enter into contracts for insurance against fire, and deal in the
transportation and sale of mineral waters, and manufacture
glass or other vessels for holding the same, and provide for
the accommodation of visiters and others, and demand and
receive compensation therefor; and may purchase and hold
personal estate for the purpose of conducting the business of
said company, and shall have power to make such by-laws,
rules and regulations as they may deem necessary, not incon-
sistent with the laws of this state or the United States.

2. That the capital stock of the said company shall not be
less than twenty thousand dollars nor more than one bun-
dred and fifty thousand dollars, to be divided into’ shares of
twenty-five dollars each; and shall have power to borrow
money to the amount of fifty thousand dollars, at a rate of
interest not exceeding that authorized by law.

3. That the said company shall have authority to construct
and equip a railroad from their said springs to the Glade
Spring depot, on the Virginia and Tennessee railroad: pro-
vided, that the owners of the lands through which it may
pass, shall first give their consent in writing.

| 4, This act shall be in force from its passage, and shall be
subject to amendment, alteration, modification or repeal, at
the pleasure of the general assembly.