Chap. 254.—An ACT to Incorporate the Atlantic and Alleghany Railroad
, Company. .

Approved July 9, 1870.

1. Be it enacted by the general assembly, That it shall be
lawful to open books of subscription in the city of Richmond,
under the direction of Thos. Wy. McCance, Wm. G. Paine,
Franklin Stearns, John C. Shields, Chas. E. Wortham, George
Chahoon, James Neeson, John Purcell, Henry K. Ellyson, and
Charles Talbott; at Henrico Courthouse, under the direction
of John Wickham, John A. Hutchinson, L. 8. Irvin, John B.
Young, F. G. Morrison, and Henry Cox; at Chesterfield
Courthouse, under the direction of James H. Cox, Wm. M.
Ambérs, Aug. Winfree, C. C. MacRae, M. M. Logan, and R. D.
Minor; at Powhatan Courthouse, under the direction of W.
J. Dance, John F. Lay, W. E. Royall, T. L. Robinson, Ed-
ward Scott, Z. G. Moorman, and R. F. Graves; at Cumber-
land Courthouse, under the direction of F. D. Irvin, E. R.
Cocke, B. B. Woodson, George W. Palmore, T. H. Woodson,
and John R. Wilson; at Buckingham Courthouse, under the
direction of J. B. Ficklin, T. L. Bondurant, J. S. Nicholas,
Camm Patterson, R. B. Eldridge, A. Mosby, John S. West,
W.M. Campbell, and Chapman Glover; at Goochland Court-
house, under the direction of C. P. Stone, W. B. Stanard, C.
R. Woodson, W. T. Walker, W. D. Leake, John D. Hobson,
and A. M. Hamilton; at Fluvanna Courthouse, under the
direction of Abraham Shepherd, R. C. Strange, William D.
Haden, P. J. Winn, and James Galt; at Scottsville, under the
direction of Isaac-R. Barksdale, William Branch, H. N. Harri-
son, John S. Coles, and Henry Galt; at Lovingston, under the
direction of Robert Whitehead, N. F. Cabell, Joseph H.
Shelton, 8S. C. Snead, and B. C. Massie; at Amherst Court-
house, under the direction of Robert A. Coghill, Henry
Loving, Thomas Whitehead, Dr. Henry E. Smith, James M.
Dillard, and William Sandidge; at Lexington, under the
direction of Samuel F. Jordan, Jacob Fuller, E. S. Tutwiler,
W.B. F. Leech, and Dr. Z. J. Walker; at Fincastle, under
the direction of Charles T. Beale, William A. Glasgow, Dr.
W. E. Walkup, James Goodwin, and James M. Spiller; at
Arrington, in the county of Nelson, under the direction of
Thomas P. Fitzpatrick, Jacob Wernick, and Nathan C. Talia-
ferro; at Covington, under the direction gf Samuel Carpen-
ter, Henry H. Robertson, Wm. Skeer, Thompson McAllister,
and Wm. L. Alexander, or any three of them, for the purpose of
receiving subscriptions, to an amount not exceeding ten mil-
lions of dollars, in shares of one hundred dollars each, to con-
stitute a joint capital stock for the construction of a railroad
from Richmond, by or near Arrington, in the county of Nel-
son, and Lexington, in the county of Rockbridge, to Clifton
Forge, or some other suitable point of connection with the
Chesapeake and Ohio railroad, in the county of Alleghany, or
the county of Rockbridge.
2. Whenever one thousand shares of said capital stock shal.
have been subscribed by solvent parties, other than interna
improvement companies, the subscribers, their executors, ad.
ministrators, and assigns, shall be and they are hereby declared
and constituted a body politic and corporate, under the name
and style of The Atlantic and Alleghany Railroad Company
and shall be entitled to all the rights conferred, and subject to
all the restrictions imposed by the Code of Virginia, and the
acts amendatory thereof, and all general laws of the state re-
lating to railroad companies, so far as the same are applicable
to and not inconsistent with this act.

3. It shall be the duty of said company to commence the
construction of said road within two years, and complete the
same within six years after the passage of this act.

4, The first meeting of the subscribers to the stock fer the
organization of said company shall be held at such time and
place as may be determined by the commissioners appointed
for receiving subscription in the city of Richmond, or a ma-
jority of them; of which time and place, a notice of at least
twenty days shall be given in one or more newspapers pub-
lished in the city of Richmond, and in one or more newspapers
published in the city of Lynchburg. At such meeting of the
subscribers to the stock, the books of subscription at the seve-
ral places shall be returned to the commissioners for the city
of Richmond ; and if it shall be deemed advisable by said com-
missioners for the city of Richmond, or a majority of them,
they may adjourn said meeting to a place and time for the
purpose of organizing the company, to be determined by such
commissioners, or a majority of them; and they may cause the
books for subscription of stock, at the several places, to be re-
opened, for the purpose of receiving additional subscriptions
of stock, which may be represented at such adjourned meeting.

5. In all meetings of stockholders, each share of stock shall
entitle the holder to one vote. -

6. The said company may acquire land in payment of sub-
scription of stock, by donation or otherwise, and may sell,
lease, or otherwise dispose of the same, at their pleasure.

¢. The said company may elect such number of directors,
and provide for the appointment or election of such officers
and agents as they may decide to be necessary for the man-
agement of its affairs.

8. The company may borrow such sums of money, and at
such rates of interest, not exceeding the rate of interest al-
lowed by law, as it may deem necessary and proper, and may
execute liens upon its property, franchises, and revenues, to
secure the payment of the principal and interest of such loans.

9. It shall be lawful for the Atlantic and Alleghany railroad
company, which may be organized under the provisions of this
act, to consolidate with the Chesapeake and Ohio railroad
company upon such terms as may be agreed upon by the stock-
holders, respectively, of the two companies, in general meet-
ing; and should said companies consolidate, as herein pro-
vided, they shall thereafter constitute one corporation, which
shall be known as The Chesapeake and Ohio Railroad Com-
any; and which shall be vested with all the rights, privileges,
franchises, and property which may have been vested in either
of said companies prior to the act of consolidation, and shall
be subject to all the laws of the state appertaining to railroad
companies: provided, that the legislature shall have the right,
at any time after said consolidation, to fix and regulate, by
law, the maximum charges for way freights and travel upon
said consolidated road.

10. Any mining, manufacturing, banking, or other incorpo-
rated company, may subscribe to the stock of the Atlantic and
Alleghany railroad company.

11. The state reserves the right to connect with the works
of this company any other work of internal improvement; and
no discrimination shall be made in the charges of said com-
pany against the trade and travel of any connecting work, and
no discrimination shall be made in the charges on any con-
necting work against the trade and travel of the said company.

12. This act shall take effect from and after its passage.