Chap. 19.—An ACT to incorporate the Fredericksburg and Valley
railroad company.

Approved December 19, 1889.

1. Be it enacted by the general assembly of Virginia,
That: W. S. White, T. M. McCracken and M. B. Rowe, of:
the citv of Fredericksburg; C. C. Buckner, John P. Payne
and James W. Thornton, of the county of Orange; John
B. Borst, G. B. W. Nalle and Dr. James Scott, of the
county of Culpeper; Robert S. Walker and John L. Light-
foot, of the county of Madison; and J. Horace Lacy and
T. A. Harris, of the county of Spotsylvania, or any five of
them, their associates and successors are hereby consti-
tuted a body politic and corporate by the name of the
Fredericksburg and valley railroad company, and as such
may have all the privileges, franchises and immunities
applicable to such a corporation.

2. The said company may construct and operate a rail-
road from the city of Fredericksburg to a poin{ in the
valley of Virginia at or near Harrisonburg, and passing
through the counties of Spotsylvania, Orange, Culpeper,
and Madison, and may build branch lines to Orange court-
house, Gordonsville and Culpeper courthouse.

3. The capital stock of said company shall not be less
than two hundred and fifty thousand dollars, nor more
than a million, divided into shares of ten dollars each.
When twenty-five thousand dollars shall have been sub-
scribed for, the said company may organize in the mode
usually adopted by such companies. Stockholders shall be
entitled to one vote for each share of stock.

4. Counties through which the road shall pass may, by
a vote taken in accordance with the general laws of the
state, subscribe to the said railroad not less than twenty-
five thousand dollars, nor more than seventy-five thousand
dollars each, providing that each county subscribing shall
be entitled to one director on the board of directors of said
company, and the county court, when petitioned by fifty
voters, shall order an election according to the mode pre-
scribed by law.

5. It shall be lawful for said company to borrow money
and to issue bonds and other evidences of debt, and to
secure the same by mortgages, deeds of trust, or otherwise,
provided, that the sums borrowed shall not exceed ten
thousand dollars for each mile of said road.

6. When the said railroad shall reach tidewater it shal]
be Taw ful for said company to build, hire or lease steamers
or steamboats to run to or connect with the cities of Nor-
folk and Baltimore, or either one of them.

7. The said company shall have power to purchase and
hold real estate for all the necessary purposes of said rail-
road. It shall have its principal office in Virginia and
mav have a general office in such place without the state
as the stockholders may designate.

8. The said road shall be commenced within two years
from March first, eighteen hundred and ninety, and fin-
ished in five years thereafter.

9. This act is subject to modification, amendment. and
repeal at the pleasure of the general assembly of Virginia,
and this corporation agrees to pay all taxes, bills and
demands due to the state of Virginia in lawful money of
the United States and not in coupons.

10. This act shall be in force from its passage.
CHaPp. 20.—An ACT to repeal and re-enact sections 56 and 57
(sub-title Finances) of act approved March 20, 1874, entitled an
act to provide a charter for the city of Manchester, and also cer-
tain acts amendatory of said section 57, and to authorize the
city council of Manchester to incur debts, contracts, loans. and
issue bonds, and to validate existing bonds and acts of said city.

Approved December 19, 1889.

1. Be it enacted by the general assembly of Virginia,
That sections fifty-six and fifty-seven (sub-title finances)
of an act approved March twentieth, eighteen hundred and
seventy-four, entitled an act to provide a charter for the
city of Manchester, and an act approved March thirty-
first, eighteen hundred and seventy-nine, entitled an act
to amend and re-enact an act approved April fourth, eigh-
teen hundred and seventv-seven, entitled an act to amend
and re-enact section fifty-seven of an act approved March
twentieth, eighteen hundred and seventy-four, entitled an
act providing a charter for the city of Manchester and an
act approved April fourth, eighteen hundred and seventy-
seven, entitled an act to amend and re-enact section fifty-
seven of an act approved March twentieth, eighteen hun-
dred and seventy-four, entitled an act providing a charter
for the city of Manchester, be, and the same are hereby,
repealed and re-enacted so as to read as follows:

856. The city council of the city of Manchester may,
in the name and for the use of the city, contract loans or
cause to be issued certificates of debts or bonds; but such
loans, certificates or bonds shall not be irredeemable for a
period greater than thirty-four years: provided, however,
that they shall not contract such loans and issue such cer-
tificate of debt or debts or bonds for the purpose of sub-
scribing to the stock of any company incorporated for a
work of internal improvement, or incorporated for any
other purposes, without first being authorized to do so by
three-fourths of the legal voters of the city voting on the
question ; and the council shall, when such debt or loan is
created, provide a sinking fund for the payment of the
same. Nor shall the city endorse the bonds of any such
company, without the same authority.

$57. The bonded debt of the city of Manchester shal]
not at any one time be more than twenty per centum of
the assessed value of the taxable real estate in the said
city. The city council of said city shall, by an ordinance
passed for that purpose, establish such a sinking fund as
in its discretion may be proper in order to provide for the
retirement or payment of said city’s bonded debt at the
maturity of the several series of bonds.

2. Be it further enacted, that the existing bonded debt
of said city shall be, and is hereby, declared to be valid
and binding on said city, and all acts heretofore done and
rights heretofore created under the acts repealed by the
first section of this act shall be as valid and binding aa if
this act had not been passed.

38. Be it further enacted, that all other acts or parts of
acts inconsistent with the provisions of this act are hereby
repealed.

4. This act shall be in force and take effect from its
passage.

CHAP, 21.—An ACT to incorporate the Rockbridge Alum and
Goshen railroad company.

Approved December 19, 1889.

1. Be it enacted by the general assembly of Virginia,
That James W. Warwick, Sr., W. P. Sundridge, J. W.
Davis, F. H. Campbell and James A. Frazier, of Virginia,
or such of them as may accept the provisions of this act,
their associates, successors and assigns, be and they are
hereby incorporated and made a body politic and corpo-
rate under the name and style of the Rockbridge Alum
and Goshen railroad company, and as such are authorized
and empowered to locate, construct, equip and operate a
railroad of narrow or standard gauge, commencing at a
point at or near the Rockbridge Alum springs hotel, in

the county of Rockbridge, running thence in a northeast -
erly direction to a point at or near the Alum springs
switch, on the Victoria narrow-gauge railroad, in the

county of Rockbridge, and thence to Goshen depot, if they
deem it proper, on the Chesapeake and Ohio railroad, and
by the name of Rockbridge Alum and Goshen railroad
shall be known in law.

2. The said company shall have perpetual succession
and have power to sue and be sued, plead and be impleaded.
defend and be defended in all courts, whether in Jaw or in
equity, and may make and have a common geal, and alter
or renew the same at pleasure; and shall have, possess and
enjoy al] the rights and privileges of a corporation or
body politic in the land and necessary for the purposes of
this act.

3. The capital stock of the said company shall not he
less than one thousand dollars, and may from time to
time be increased to any amount not exceeding fiftv thou-
sand dollars by issue and sale of shares, the par value of
which shall not be less than fifty dollars, from time to
time, under such regulations as the board of directors of
said company shall from time to time prescribe; and the
directors may receive cash, labor, material, real or per-
onal property in payment of subscriptions to the capital ,
tock at such valuation as may be agreed upon between |
he directors and the subscribers, and may make such sub- '
ccriptions pavable in such manner or amounts and at
zuch times as may be agreed upon with the directors and
subscribers.

4. It shall be lawful for said company to borrow money |
and issue and sell its bonds, from time to time, for such |
sum and on such terms ag its board of directors may deem
expedient and proper in the prosecution of any of its
work ; and may secure the payment of said bonds by mort-
gages or deeds of trust upon all or any portion of its prop-
erty—real and personal and mixed, its covenants, con-
tracts and privileges, and its chartered rights and fran-
chises, including its franchise to be a corporation; and it
may, as the business of the company may require, sell,
lease, convey and incumber the same.

5. The said company is authorized and empowered to
locate, construct, equip and operate lateral or branch roads
or tramways from any point on its line of railroad to any
springs, ore banks, mine, or other operations in the county
of Rockbridge or counties adjacent thereto, or to connect.
the said line with that of any other railroad now or here-
after to be constructed in or to any of said counties; and
the said company may connect or unite its said road with
that of anv other company, or consolidate and merge its
stock, property and franchises with those of any other
company operating, or authorized to operate, a connecting
line of railroad, upon such terms as may be agreed upon
between the companies so uniting or connecting, merging,
or consolidating: and for that purpose power is hereby
given to it and to such other company or companies to
make and carry out such contracts as will facilitate and
consummate such connection, merger, or consolidation:
provided that a copy of every such contract of consolida-
tion and merger shall be filed in the office of the board of
public works.

6. The said company may acquire by condemnation,
according to the laws of Virginia, the lands required for
the right of way of its railroad and the necessary stations
and depots for its operation, and may connect or unite its
railroad with that of any other railroad company.

7. The said company shall be required to commence the
construction of the said railroad within two years from
the passage of this act and to complete the construction
of its main line within ten years thereafter; otherwise the
powers, privileges, and franchises hereby granted shall be
ipso facto void.

8. The persons first named in this act, or such of them
as shall accept the provisions thereof, shall have the
power and authority of a president and board of directors
for the purposes of organization, and for all other pur
poses. They shall continue in office until their successor
shall be elected and qualified. Each stockholder in the
company shall at all meetings or elections be entitled te
one vote for each share of stock registered in his name.

9. The board of directors shall be stockholders of saic
company. They shall appoint one of their number presi-
dent, and may fill any vacancy that may occur in said
board, unless by removal, in which case the same shall be
filled by the stockholders in general meeting. Whenever
ten per centum of the capital stock shall have been sub-
scribed, and the board of directors shall have elected a
president, said company shall be considered legally organ-
ized and may proceed to the transaction of business.

10. The board of directors may establish offices and
agencies at such places as they may deem proper, but the
principal administrative offices of the company shall be
located at some point within the state of Virginia.

11. The general assembly hereby reserves to itself the
right to modify, amend, or repeal this act at its pleasure.

12. Passenger fare and freight charges not. to exceed the
present charges, viz.: one dollar round trip to switch; two
dollars and fifty cents round trip to Goshen; freight
charges not to exceed three cents per hundred pounds
from and to the switch, and pro rata to and from Goshen.

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