Chap. 318.—An ACT to Incorporate the Harrisonburg and Covington Rail-
road Company.

Approved July 11, 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
Harrisonburg and Covington Railroad Company, for the pur-
pose of constructing a railroad from, at, or near the town of

iarrisonburg, to, at, or near the town of Covington, in Virginia.

2. Be it further enacted, That the following persons are ap-
pointed commissioners to open books and receive subscriptions
to the capital stock of said company, namely: Samuel Shack-
lett, A. M. Newman, Jonas Loewenback, J. L. Sibert, and
Robert Johnston, at Harrisonburg; H. Kyle George W. Ber-
lin, St. Clair Kyle, KE. J. Armstrong, and Peter Wise, at Bridge-
water; Chisley Kenney, J. Marshall McCue, Thomas Hogs-
head, and John J. Cupp, at Augusta Springs; Robert J. Glendy
and Albert Fancett, at Cloverdale; Joseph Baxter, Alexander
H. Sitlington, and Addison McClung, at Bath Alum Springs;
Jobn R. Popham, William H. Terrell, Joseph Mayse, Charles
R. McDonnald, and Jasper Lewis, at Warm Springs; Alexan-
der McCurdy, Thompson McAllister, Orville T'. Rogers, H. H.
Robertson, and William Skeen, at Covington.

3. Be it further enacted, That a majority of the commis-
sioners appointed at each place, respectively, may act as if none
others were named. The commissioners (or a majority of them)
appointed for Harrisonburg and Covington are further author-
ized, either in person or by agent or agents, to open books and
receive subscriptions, to be made by individuals or corpora-
tions, at any place or places in or out of this state; and sub-
scriptions to the said capital stock by any other railroad com-
panies, within or without this state, are hereby authorized and
allowed to be made and received in the discretion of said Har-
risonburg and Covington commissioners.

4. Be it further enacted, That the capital stock of said com-
pany shall not be less than one hundred thousand dollars, and
not more than six millions dollars, to be divided into shares of
one hundred dollars each. Whenever the said first mentioned
amount shall be subscribed, and ten thousand dollars paid up,
the subscribers shall be incorporated by the name and for the
purposes mentioned in the first section of this act, and have

ll power and authority to effect the same, subject to the pro-
visions of the Code of Virginia applicable to such corporations.

5. The company may acquire land in subscription and pay-
ment of stock by donation or otherwise, and may sell, lease, or
otherwise dispose of the same at their pleasure; or borrow
such sums of money, and at such rate of interest, not exceed-
ing the rate allowed by law, as it may deem necessary and
proper, and may execute liens upon its property, franchises,
and revenues to secure payment of principal and interest of
such loans; or if the company finds it necessary for the con-
struction, transportation, and business of its road, they may
contract with any other railroad company for the construction,
equipment, and working of their road upon such terms as may
be agreed upon between the companies.

6. This act shall take effect from its passage, and the com-
pany shall, within two years thereafter, begin, and within six
years thereafter, complete their said road.