Chap. 334.—An ACT to Incorporate the Virginia and Maryland Railroad
Company.

Approved July 11, 1870.

1, Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books of subscription for the capital
stock of a company, to be incorporated by the name of The
Virginia and Maryland Railroad Company, for the purpose of
constructing a railroad from a point on the Potomac river be-
tween White’s ferry and Knoxville, to a point on the Alexan-
dria, Loudoun, and Hampshire railroad, West of Goose creek,
and from thence via Aldie, in the county of Loudoun, to Ma-
nassas Junction, in the county of Prince William.

"2. Be it further enacted, That the following persons are ap-

ointed commissioners to receive such subscriptions, namely :

saac D. Budd, J. V. W. Vandenburg, George Tyler, J. A.
Partridge, T. W. Welsh, Franklin Taylor, Harvey Beckwith,
William Matthew, S. A. Suit, and Hamilton Rogers, or a ma-
jority of them, at Leesburg, in the county of Loudoun; and
the said commissioners are authorized to receive subscriptions,
to be made by individuals or corporations; and subscriptions
to said capital stock by any other railroad company, located
either without or within this state, are hereby allowed to be
made and received, in the discretion of the said commissioners.

3. Be it further enacted, That the capital stock of the said
company shall not be less than fifty thousand dollars nor more
than two million dollars, to be divided into shares of one hun-
dred dollars each; and whenever the first named sum shall
be subscribed, the subscribers shall be incorporated by the
name and for the purposes mentioned in the first section of
this act, and shall have full power and authority to effect the
same, subject to the provisions of the Code of Virginia appli-
cable to such corporations.

4. Be it further enacted, That it shall be lawful for the said
company, by and with the consent of the stockholders in gene-
ral meeting assembled, to borrow money for the purposes of
this act, to issue certificates of said loans, and to pledge any
and all the property of said company, by mortgage or other-
wise, for the payment of the same and the interest that may
accrue thereon: provided, that no greater rate of interest shall
be paid than is now allowed by law.

>. Be it further enacted, That it shall be lawful for the said
company to receive not exceeding twenty thousand acres of
land in payment of subscriptions tor stock of the said company.

6. Be it further enacted, That the company hereby incorpo-
rated shall have the right to make convenient connections with
any other road or roads now or hereafter to be constructed in
this state; and to construct a bridge across the Potomac river
for the use of the said company; and the said company is
hereby allowed to adapt the said bridge to the passage of
wagons, and to other ordinary uses, and to make reasonable
charges therefor.
7. Be it further enacted, That when the said company shall
have completed and equipped their said road, from a point on
the Potomac river between White’s ferry and Knoxville to any
of the points mentioned in the first section of this act, they are
hereby authorized to work the same as if entirely finished :
provided, that the construction of the road shall be commenced
within three years, and completed to the Alexandria, Loudoun
and Hampshire railroad within five years.

8. That the said Virginia and Maryland railroad company
may, by a vote of the majority of the stockholders in general
meeting assembled, unite with the Manassas and Potomac rail-
road company; and in the event of such union, the name of
the company thus formed shall be the Virginia, Maryland and
Potomac railroad company; and all the franchise, powers,
rights, and privileges granted by this act, shall enure to the
said Virginia, Maryland and Potomac railroad company: pro-
vided, that before the union contemplated by this section shall
take effect, the assent of the said Manassas and Potomac rail-
road company, by a vote of the majority of its stockholders
in general meeting assembled, shall first be obtained.

9. This act shall be in force from and after its passage.