Chap. 266.—An ACT to Incorporate the Warm, Hot, and Healing Springs,
and Covington Railroad Company.

Approved March 30, 1871.

1. Be it enacted by the general assembly, That Samuel C.
Tardy, Thomas W. McCance, and A. Y. Stokes, of Richmond
city, Virginia: Thompson McAllister, H. W. Massie, and Wil-
liam Skeen, of Alleghany county, Virginia; William H. Ter-
rill, Joseph W. Warren, and George Mayse, of Bath county,
Virginia, or such of them as may except the provisions of this
act, and such other persone and corporations as may become
associated with them in the manner hereinafter provided, shall
be and they are hereby constituted a body politic and corpo-
rate, by the name of The Warm, Hot, and Healing Springs,
and Covington Railroad Company; and by that name shall
have all the powers, rights and franchises necessary and proper
to locate, construct and maintain a railroad to be known as the
Warn, Hot, and Healing springs, and Covington railroad com-
pany, to begin at Covington, in the county of Alleghany, and
run thence by the most practicable route to the Warm springs
in Bath county, or to some intermediate point.

2. That the capital stock of the said company shall not ex-
ceed the sum of thres hundred thousand dollars, to be divided
into shares of one hundred dollars each; and whenever fifty
thousand dollars shall be subscribed by other than internal im-
provement companies, the subscribers shall be incorporated by
the name and for the purposes aforesaid, with power and au-
thority to effect the same.

8. The said company shall have authority, and are hereby
empowered to connect their road (subject to the regulations of
the Code of Virginia, eighteen hundred and sixty), with the
Chesapeake and Ohio railroad, and the said last mentioned
road may take stock in the road hereby incorporated, to the
amount of one hundred thousand dollars or less. Said road
shall be a gauge such as the board of directors shall determine.

4, The said corporation shall be invested with all the rights
and privileges conferred, and subject to all the rules, regula-
tions and restrictions imposed by the Code of Virginia and
laws subsequently or hereafter enacted of a general nature,
and not inconsistent with this act.

5, The said company may borrow money, execute bonds
and liens upon their property, for so much money as may be
necessary for the construction and equipment of their road,
so that they do not agree to pay a greater rate of interest than
that allowed by law.

6. Each stockholder shall be entitled to one vote in the
meetings of the stockholders, for every share of stock held by
him, and the 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. ;

7. The road herein authorized to be constructed shall be
commenced within two years, and completed within five years
after the passage of this act. , an

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