Chap. 640.—An ACT to incorporate the Clarksville toll bridge company.

Approved March 1, 1898.

1. Be it enacted by the general assembly of Virginia, That Henry
Wood, junior, W. D. Blanks, William H. Russell, C. S. Wood, Robert
Haskins, Thomas N. Williams, and their successors, associates and as-
signs be, and they are hereby, declared a body politic and corporate by
the name of the Clarksville toll bridge company. The said company
shall have all the powers, rights and franchises granted to and be subject
to all the burdens imposed upon internal improvement companies by
the code of Virginia and all acts of the general assembly amendatory
thereof.

2. The capital stock of said company shall not be less than five thou-
sand dollars nor more than fifty thousand dollars, and may be increased
from time to time from the minimum to the maximum as the stock-
holders may determine.

3. The corporators hereinbefore named shall have power to elect a
president and directors out of their own number or out of those persons
who may subscribe to the stock of the said company, and may appoint
or elect such other agents and officers as may be necessary for the proper
conduct of the business of the said company.

4, The said company is hereby authorized and empowered to build,
operate and maintain a toll bridge across the Roanoke river or the Dan
and Staunton rivers at any point within one mile east or west of the foot
of Main or Virginia streets, in the town of Clarksville, Mecklenburg
county, Virginia. The said company shall have power to construct,
maintain and operate its bridge in conjunction with any bridge hereto-
fore or hereafter constructed by any railroad company within said limits
on such terms as may be agreed on between said company and any such
railroad company.

5. The construction of said bridge shall be commenced within three
years and completed within five years from the passage of this act, and
upon its completion the said company shall have the right to fix and de-
termine the rate of tolls for crossing thereon and to collect the same.

6. The capital stock of said company shall be divided into shares of
wenty-five dollars each, and it shall be lawful for said company to ac-
yuire in subscriptions to its capital stock money, land, material and
abor for the construction of said bridge and bonds or the proceeds
chereof from other organized companies and corporations, and it may
»pen roads, at its own cost and charges (in the manner now provided by
jaw for opening new county roads), from the abutments of its bridge,
bv the nearest practicable route, to the adjacent and nearest county roads
now established and used.

7. The said company is hereby empowered to borrow money for its
corporate purposes to such an amount as its president and directors may
deem necessary, and may issue its bonds therefor, to run not to exceed
thirty years from the date of issuance, the said bonds to be secured by
mortgage or trust deed upon all rights, franchises and corporate effects of
every description whatsoever.

8. The taxes assessed upon said company shall be payable only in
lawful money of the United States.

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