Chap. 58.—An ACT to incorporate the Richmond and Coalfield Railroad
Company.

Approved April 16, 1870.

1. Be it enacted by the general assembly, That Frauklin
Stearns, S. Brooks, H. C. Cabell, J. L. Archer, John J. Werth,
C. C. McRae, G. H. Jewett, A. C. Pulliam, Jos. Walker, and
W. H. Gwathmey, their associates or successors, shall be and
are hereby created a corporation by the name of The Rich-
mond and Coalfield Railroad Company, for the purpose of
constructing a railroad from or near the city of Richmond to
any portion of the coal fields in the counties of Powhatan and
Chesterfield, and the said company shall not be required to
commence the construction of the said road at either terminus,
but may commence at any point or points between the pro-
posed termini of the same.

2. The said company shall have authority and are hereby
empowered to connect their road (subject to the regulations
of the Code of Virginia, 1860,) with the South Side railroad,
the Richmond and Danville railroad, the Richmond and Pe-
tersburg railroad, and any other railroad hereafter to be con-
structed and terminating in or passing throngh the city of
Richmond: provided, that the southern terminus of said rail-
road shall be north of the Clover Hill railroad. Said railroad
hereby authorized to be constructed shall be made of a gauge
not exceeding two and a half feet. The said corporation shall
be invested with all the rights and privileges cohferred, and
subject to all the rules, regulations, and restrictions imposed
by the Code of Virginia and the acts of the general assembly,
applicable to internal improvement companies, now existing,
or which may hereafter be enacted, except so far as the same
may be inconsistent with the provisions of this act: and pro-
vided, that the completion of any section of five miles of rail-
road within two years from the organization of said company,
shall be deemed a compliance with the provisions of this act
and general laws affecting the subject, and shall secure to the
said company all the rights and privileges herein conferred.

3. The said company shall have a capital stock of not less than
fifty thousand dollars nor more than five hundred thousand dol-
lars, to be divided into shares of one hundred dollars each,
each stockholder being entitled to one vote in the meeting of
the stockholders for every share of stock held by him; and the
said company may borrow such money as may be necessary
for the construction and proper equipment of its roads, at a
rate of interest not exceeding that allowed by law, and exe-
cute liens upon its property and revenues to secure the pay-
ment of the principal and interest of the same.

4, Said company may elect such number of directors, and
provide for the election or appointment of such officers and
agents, as it may decide to be necessary for the management
of its affairs.

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