Chap. 190.—An ACT to Incorporate the Danville and Salem Railroad Com-
pany.

Approved July 7, 1870.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books of subscription in the town of
Danville, under the direction of William T. Clark, John W.
Holland, William T. Sutherlin, Thomas P. Atkinson, and
Green T. Pace, or any two of them; at Calland’s, in the
county of Pittsylvania, under the direction of A. H. Moor-
man, W. W. Cobbs, W. A. Witcher, W. A. J. Finney, H. L.
Muse, Samuel Swanson, Captain William A. Mitchell, Royal
Cousins, or any two of them; at Dickinson’s, in the county of
Franklin, under the direction of F. R. Brown, 8S. G. Bernard,
R. Dickinson, C. S. Booth, C. L. Potter, W. A. Brown, J. S.
Brown, C. L. Powell, A. B. Hancock, Joseph Angle, J. R.
Zeigler, J. A. White, W. W. Semones, B. Williams, S. D.
English, B. H. Tatum, and W. L. T. Hopkins, or any two of
them; at Franklin courthouse, under the direction of H. Nel-
son, R. A. Scott, P. Saunders, Jr., G. C. Menefee, E. Waid, J.
Wade, Jr., W. T. Taliaferro, David Aynes, J. C. Cabell, G.
W. B. Hale, G. H. T. Greer, J. H. Franklin, Hughs Dillard,
T. H. Bernard, H. C. Chapman, Hay Turnbull, John S. Hale,
or any two of them; at Boon’s mill, in the county of Franklin,
under the direction of L. B. Taylor, Z. Wade, M. D. L.
Wright, J. Naff, C. Price, J. Boon, Jr., George Helms, and A.
J. Naff, or any two of them; and at Salem, in the county of
Roanoke, under the direction of H. E. Blair, A. M. Jordan, G.
B. Board, R. B. Moorman, G. W. Hansbrough, 8. H. Nowlin,
J. A. McCaull, and S. P. Simmons, or any two of them; and
in such other places, ahd under the direction of such other
agent or agents, as a majority of the commissioners appointed
for the town of Danville shall designate, for the purpose of re-
ceiving subscriptions to an amount not exceeding three million
dollars, in shares of one hundred dollars each, to constitute a
joint capital stock for the purpose of constructing a railroad
from the town of Danville, Virginia, by or near Rocky Mount,
in Franklin county, to the town of Salem, in Roanoke county,
or some other suitable point of connection with the Virginia
and Tennessee railroad, in Roanoke county: providing, how-
ever, that the gauge of the said railroad shall be the same as
that of the Virginia and Tennessee and Richmond and Dan-
ville railroads.

2. Whenever seventy-five thousand dollars of stock shall
have been subscribed, according to law, the said incorporators,
their executors, administrators, and assigns, shall be, and they
are hereby declared to be, a body politic and corporate, un-
der the name and style of The Danville and Salem Railroad
Company, and shall be subject to all the provisions of the
Code of Virginia and other general laws applicable to internal
improvement companies, except so far as the same may be in-
consistent with the provisions of this act.
3. Ifthe capital stock of the said company shall be deemed
insufficient for the purposes 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, to an extent not to exceed five
million dollars, for which they may, at their discretion, cause
subscriptions to be received in such manner as may be pre-
scribed by them, or may sell the same, for the benefit of 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, to
issue proper certificates of such loans, and to pledge the pro-
perty of the company, by mortgage or otherwise, for the pay-
ment of the same and the interest which may accrue thereon :
provided, the interest shall not exceed the rate of interest now
allowed by law, say twelve per centum per annum.

4, It shall be lawful for said company to receive not exceed-
ing one million acres of land in payment for subscriptions of
stock : provided, however, that it shall not be lawful for said
company, at the expiration of ten years after the completion
of said road, to hold more land than shall be necessary for the
use of the road.

d. The said company shall not refuse to allow any railroad
already built, or which may hereafter be built, to conmect with
its road, and shall jointly, with such other road or roads, make
suitable arrangements fot the convenient transfer of freights
from one road to the other, and, when such road may be of
the same gauge, shall not refuse a free interchange of freight
cars upon reasonable terms; that, with the concurrence of
such road or roads leading to Lynchburg, Richmond, Peters-
burg, or Norfolk, the freight tariff shall be so arranged that
no local freight sent to or received from either of the above-
gamed places, shall be charged a higher price per ton per mile
than if sent to or received from Danville or Salem; and-no
through freight shall be charged a higher price per ton per
mile if sent to either Richmond, Petersburg, or Norfolk, than
if sent to Danville or Salem: provided, that such connecting
road or roads shall agree to pro rate upon fair terms; and if
the connecting companies shall not be able to agree upon such
terms, the question shall be referred to the board of public
works, and its decision shall be binding upon the parties.

6. That the said company shall commence its road within two
years and complete it within twelve years from the passage of
this act, and upon failure to comply with either of the above
requirements, it shall forfeit all the rights and privileges con-
ferred by this act, and the state shall have the right to take
possession of the road and other property of the company
upon paying a fair price for the same.

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