Chap. 156.—An ACT to incorporate the Piedmont and Potomac Railroad
Company.

In force June 28, 1870.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books of subscription for the capital
stock of a company to be incorporated by the name of The
Piedmont and Potomac Railroad Company, for the purpose
of constructing a railroad from a point on the Potomac river,
at or near the Chain bridge, or at or near the Aqueduct
bridge, or upon some railroad leading to one of them, to Aldie,
in the county of Loudoun; thence to connect with the Orange,
Alexandria and Manassas railroad, at or near Rectortown, in
the’county of Fauquier; and thence to or near Luray, in the
county of Page, to connect with the Shenandoah Valley rail-
road or the Luray Valley railroad.

2. Be it further enacted, That the following persons are ap-
pointed commissioners to receive such subscriptions, namely:

. 8. Cox, B. P. Nowland, Wm. M. Berkley, Henry D. Cooke,
Wm. W. Corcoran, J. W. Thompson, J. G. Vials, and S. A.
Buckner, to open books and receive subscriptions at Aldie,
Loudoun county; Robert Beverly, E. C. Turner, R. H. Car-
ter, Alfred Glascock, and John Marshall, to open books and
receive subscriptions at Rectortown, Fauquier county; Henry
W. Thomas, F. A. Dickins, J. P. Machin, R. W. N. Nowland,
Wm. Ayre, W. T. Rumsey, B. Canfield, and E. R. Ford, to
open books and receive subscriptions at Fairfax Courthouse;
Isaac D. Budd, Hamilton Rogers, Hugh Caperton, Henry W.
Sweeney, Charles H. Cragin, 3. D., and James A. McGruder,
to open books and receive subscriptions at Middleburg, Lou-
doun county; Zeph. Turner, J. Y. Menefee, W. D. Hackley,
and J. F. Strother, to open books and receive subscriptions
at Washington, Rappahannock county; John W. Watson, An-
drew Broaddus, Joseph Crane, Jr., Isaac Long, and Col. An-
drew Keyser, to open books and receive subscriptions at Lu-
ray, Pagecounty. A majority of the commissioners appointed
at each place, respectively, may act as if alone named. The
commissioners (or a majority of them appointed for Loudoun
county) are further authorized, either in person or by an agent
or agents by them appointed, to open books and receive sub-
scriptions, to be made by individuals or corporations, at an
place or places out of this state; and subscriptions to said capi-
tal stock by any other railroad companies, domiciled either with-
out or within this state, are hereby allowed to be made and re-
ceived in the discretion of said Loudoun county commissioners.

3. Be it farther enacted, That the capital stock of said com-
pany shall not be less than one hundred thousand dollars nor
more than four millions dollars, to be divided into shares of
one hundred dollars each. Whenever the said first mentioned
amount shall be subscribed, the subscribers shall be incorpo-
rated by the name and for the purposes mentioned in the first
section of this act, and shall have full power and authority to
effect the same.
4. Be it further enacted, That it shall be lawful for the said
company, by and with the consent of the stockholders in gene-
ral meeting assembled, to borrow money, for the purposes of
this act, at a rate of interest not exceeding that allowed by
law; to issue certificates of said loans, and to pledge any and
all the property of said company, by mortgage or otherwise,
for the payment of the same and the interest that may accrue
thereon.

d. Be it further enacted, That it shall be lawful for the said
company to receive not exceeding one hundred thousand acres
of land in payment of subscriptions of stock: provided, that
it shall not be lawful for the said company to hold any land
under this act longer than ten years from the completion of
the section of the road along which the said land shall lie, ex-
cept that necessary for the use of the road. "

6. Be it further enacted, That the company hereby incor-
porated shall have the right to make convenient connections
with any other road or roads now or hereafter to be constructed
in this state. :

7. Be it further enacted, That when the company shall have
completed and equipped their said road from a point on the
Potomac river at or near the Chain bridge, or at or near the
Aqueduct bridge, or upon some railroad leading to one of
them, to any of the points named in the first section of this
act, they are hereby authorized to work the same as if entirely
finished: provided, that the construction of that section of the
said road which lies between Aldie and the point at which it
shall cross the Alexandria, Loudoun and Hampshire railroad,
shall be commenced simultaneously with the work on the sec-
tion between the said point of crossing and the city of George-
town, and so prosecuted that for every mile of said road
constructed on the section last named, there shall be con-
structed one mile on the section first named.

8. This act shall take effect from and after the passage
thereof, and shall be subject to all general laws now existing,
or which may be hereafter passed, in reference to works of in-
ternal improvement.