CHAP. 189.—An ACT to incorporate the Roanoke, Salem and
Western railroad company.

Approved February 12, 1892.

1. Be it enacted by the general assembly of Virginia,
That John W. Allemong, James S. Simmons, James C
Langhorne, E. H. Stewart, A. M. Bowman, Joseph A. Gale,
W. T. Younger, Lucian H. Cocke, D. B. Strouse, J. T.
Engleby, S. F. Simmons and Henry S. Trout, or such of
them as may accept the provisions of this act, and such
other persons and corporations as may hereafter become
associated with them, in the manner hereafter provided,
shall be, and they are hereby, constituted a body corporate
by the name of the “ Roanoke, Salem and Western railroad
company,” and by that name shall have all powers, rights
and franchises necessary and proper to construct, equip,
maintain, and operate a railroad to be known as the
Roanoke, Salem and Western railroad, which may com-
mence at some point on the Richmond and Alleghany
railroad, in the county of Botetourt, or may commence at
the city of Roanoke. If the road be commenced on the
Richmond and Alleghany railroad, it shall extend by and
within the cities of Roanoke and Salem, or, if it com-
mence at Roanoke, it shal] be extended by and within the
city of Salem; thence to the county of Craig or Mont-
gomery, thence by such route as the company may deter-
mine, to some suitable point on the line of the state of
Kentucky or Tennessee. And the said company shall
have power to purchase and hold mineral and timber
lands, or any interest therein, in order to furnish tonnage
to its road, and to lease or sell the same; but the said
company shall not have the right to hold at one time more
than twenty-five thousand acres in any one county in the
state.

2. The capital stock of the company shall not exceed
five million dollars, to be divided into shares of one hun-
dred dollars each, each share being entitled to one vote;
and it shall be lawful for the persons hereinbefore named,
or any seven of them, to organize the company by the
election of a president and board of directors, and such
other officers as may be necessary; and thereupon they
shall have and exercise al] the general powers and func-
tions of a corporation, and be subject to all the restrictions
imposed by the laws of the state applicable to internal
improvement companies, except so far as the same may
be changed or modified by this act. But the said com-
pany shall not commence the construction of the said road
until there is subscribed, by individuals or corporations,
at least the sum of two hundred and fifty thousand dol-
Jars, and at least ten per centum thereof actually paid in,
and any connecting railroad company which is authorized
by its charter to subscribe to works of internal improve-
ment, with the assent of this company, may subscribe to
the said stock, and subscriptions thereto be made in
money, materials, or land, or any interest therein.

3. The board of directors shall have power to issue bonds
in sums of not less than one hundred dollars each, bear-
ing interest at not exceeding six per centum per annum,
the principal and interest payable at such times and places
as the board of directors may determine, and may secure the
same by one or more mortgages on the road, franchises,
incomes, and real and personal property of the company
(or the same may be guaranteed by other railroad compa-
nies), or such parts thereof as may be designated in the
mortgages, and may lease or convey its rolling stock,
equipments, property, and franchises, or any of them, to
any other company or companies.

4. The said company is required to commence the con-
struction of its road within two years from the first day
of April, eighteen hundred and ninety-two, and complete
the same in five years thereafter. The cities, towns, cor-
porations, and counties lying along the line adopted by
this company shall have the right to subscribe to the cap-
ital stock thereof to the extent and in the form and man-
ner now provided by law.

5. The said company shall have the right to construct
branch lines from its main line: provided no such branch
line shall exceed twenty miles in length.

6. All taxes due the commonwealth by said company
shall be paid in lawful money of the United States, and
not in coupons.

7. The general assembly of Virginia reserves the right
to alter or repeal this act at any time hereafter.

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