Chap. 147.—An ACT to Incorporate the James River and Surry County
Railroad Company.

Approved March 7%, 1872.

1. Be it enacted by the general assembly of Virginia, That it
shall be lawful to open books of subscription at Spring Grove,
Surry county, under the direction of E. C. Smith, R. D. Phil-
lips, Wm. McGonigal, C. P. Ramsdell, Wm. H. Hood, Wm.
Bitler, Joseph Booth, Wm. H. Armstrong and William Allen,
or any three of them, and at such other place or places as a
majority of the above-named commissioners may designate, for
the purpose of receiving subscriptions to an amount not less
than fifty thousand dollars nor more than five hundred thou-
sand dollars, in shares of one hundred dollars each, to consti-
tute the capital stock of a company to be called the James
River and Surry County Railroad Company, for the purpose
of constructing a railroad, of such gauge as the company may
elect, from some point on the James river, in Surry county, to
some point on the Atlantic, Mississippi and Ohio railroad, in
said county, or the county of Sussex.

2. That said company shall have the right to hold and em-
ploy such machinery and other appliances as their business
may require ; and are hereby vested with all the nghts, powers
and privileges conferred, and subject to all the restrictions im-
posed, by laws of the state upon bodies politic and corporate,
so far as the same are applicable to and not inconsistent with
this act.

3. That the said company shall have power to borrow money
on its bonds, or other evidences of debt, to an amount not ex-
ceeding its capital stock, bearing interest at a rate not exceed-
ing that allowed by law, which bonds may be secured by a
pledge of the income and property of said company.

4. That said company is hereby authorized to receive and
hold land, or other species of property, in payment of sub-
seriptions to the capital stock, and to convey and otherwise
dispose of the same: provided, that they shall not at any one
time hold real estate to exceed in value the amount of the cap-
ital stock of said company.

5. The work on the proposed road, herein authorized to be
constructed, shall be commenced within two years from the
passage of this act, and be completed within the period of six
years.

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