CHAP. 652.—An ACT to incorporate the Bridgewater and Forge
granite and lumber company.

Approved March 8, 1802.

1. Be it enacted by the general assembly of Virginia,
That M. B. Rowe, H. Von Schon and J. B. Ficklen, of Vir-
ginia; George H. Carpenter, of Pennsylvania, and George
W. Silsby, of the District of Columbia, or such of them
as may accept this act be, and are hereby, constituted a
body corporate, under the name and style of the Bridge-
water and Forge granite and lumber company, and under
that name shall have perpetual succession and a common
seal, which they may amend or alter at pleasure; shall
sue and be sued, implead and be impleaded, contract and
be contracted with, and have and exercise all the powers
and privileges of a corporation granted by the general
laws of the commonwealth not inconsistent with this act.

2. The capital stock of this company shall not be less
than five thousand dollars, which may be increased to one
hundred thousand dollars, in shares of one hundred dol-
lars each, and the directors may receive real or personal
property or services in payment of subscriptions at such
valuations as may be agreed upon.

3. The said company is authorized and empowered to
purchase, hold, own, lease, and control in any manner,
grant, bargain, sell, mortgage, convey, and otherwise dis-
pose of any real or personal estate or standing timber in
this state or elsewhere: provided said company shall not
hold more than two thousand acres of land in any one
county at the same time; and to lay out said lands or any
part thereof into parcels or lots of convenient size, with
intervening roads, lanes, streets, and alleys, and develop,
work, improve, and cultivate, or otherwise use or dispose
of same in such manner and upon such terms as the said
company may think proper.

4. The said company is authorized and empowered to
mine and quarry any stone or mineral substance, and to
prepare and manufacture the same for use and sale in all
manner of forms it may adopt; and to manufacture and
prepare for market and sell timber, wood, and stone, and
all other raw materials, mineral or vegetable, and for this
purpose may erect and operate all kinds of mill-works,
furnaces, coke-ovens, and machinery of any and every
description, for the enjoyment of the privileges herein
granted to the fullest and most ample extent.

5. And it shall be lawful for said company to construct
and operate one or more railroads, not exceeding fifty
miles in length, from any of their properties in the state
of Virginia to any point on the Rappahannock and Po-
tomac rivers, the Virginia Midland and the Richmond,
Fredericksburg and Potomac railroads, or on the line of
any other railroad hereafter to be built which may pass
through the counties of Spotsylvania, Stafford, Orange,
Culpeper and Fauquier, and for these purposes the said
company is authorized to acquire the right of way, by
purchase or otherwise, according to the laws of Virginia,
and also to acquire in like manner all such lands as may
be necessary for the complete equipment and construction
of its roads, stations, locks, and dams; and the said com-
pany shall have power to consolidate, lease out, or con-
nect its railways or canals with any line of railway now or
hereafter constructed in the aforesaid counties.
6. The said company may issue bonds at such times
and for such amounts as it may deem proper, either for
the purposes of developing its property and facilitating
its business or constructing a railroad, and may execute
mortgages on any part or all of its property and franchises
and upon its railroads to secure the payment thereof.

7. The above-named corporators shall be directors for
the first year, and shall select a president and appoint a
secretary and treasurer, and the board shall have power to
manage and control the affairs of the company and to
adopt such by-laws and regulations as may be enacted by
the stockholders, and the time, place and manner of hold-
ing meetings of stockholders and the mode of conducting
the business shall be fixed by the by-laws.

8. The board of directors may establish offices and
agencies at such places as they deem proper, but the prin-
cipal office of the company shall be located at Fredericks-
burg, Virginia.

9. No stockholder in said company shall be held or
made responsible for its debts or liabilities in a larger
sum than the amount of any unpaid balance due the said
company for stock subscribed by the said stockholder.

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

11. This act shall be in force from its passage, but the
general assembly of the state of Virginia reserves the
rignt to modify, alter or repeal this act at any time here-
after.