Chap. 327.—An ACT to Amend the Charter of the Richmond and Lynch-
burg Railroad Company.

Approved Jaly 11, 1870.

1. Be it enacted by the general assembly, That the act to
incorporate the Richmond and Lynchburg railroad company,
passed March thirtieth, eighteen hundred and sixty, as amended

y the act passed February fifteenth, eighteen hundred dnd
sixty-seven, chapter one hundred and ninety, be amended and
re-enacted so as to read as follows:

Ҥ 1. It shall be lawful for Thomas W. McCance, James
Lyons, Franklin Stearns, Joseph R. Anderson, David J. Burr,
H. C. Cabell, W. G. Paine, Isaac Davenport, Jr., William B.
Isaacs, Parker Campbell, John D. Harvey, Willis J. Dance,
William P. Burwell, W. A. Perkins, Thomas L. Robinson,
Thomas L. Bondurant, William Hocker, W. H. Perkins, George
D. Saunders, Wilson Hicks, Lloyd J. Beall, Peyton Wise,
John Meredith, George Baughman, Robert F. Williams, John
F. Lay, Francis D. Irving, Robert Hubbard, William M. Per-
kins, and L. D. Isbell, or any five of them, to receive subscrip-
tions to the capital stock of the Richmond and Lynchburg
railroad company, and to superintend the organization of sai
company. or this purpose they may cause books of subscrip-
tion to be opened at such times and places as they may deem
proper, and under the superintendence of such persons as they
may appoint. The subscriptions shall be in shares of one hun-
dred dollars each, and when one thousand shares, at the least,
shall have been subscribed, by persons and corporations able
to pay, other than internal improvement companies, the sub-
scribers, and such persons as may thereafter be lawfully asso-
ciated with them, shall be a corporation under the name of the
Richmond and Lynchburg railroad company, for the purpose
of constructing and operating a railroad from the city of Rich-
mond, or some point on the Richmond and Danville railroad,
to the city of Lynchburg, where it may form a junction with
any railroad passing through or terminating in the city of
Lynchburg. And the said company shall be subject to the
general railroad laws of Virginia, except so far as is herein
otherwise provided.

Ҥ 2. The capital stock of said company shall be not less
than one hundred thousand nor more than five million dollars,
divided in shares of one hundred dollars each, and the stock-
holders shall have one vote for each share of stock.

Ҥ 3. It shall be lawfal for the cities of Richmond and
Lynchburg, and for any county or township on the line of the
proposed railroad, or on the line of the Chesapeake and Ohio
railroad, or on the line of the Virginia and Tennessee railroad,
to subscribe to the capital stock of the Richmond and Lynch-
burg railroad company in such manner and under such rules
and regulations as are now or may hereafter be prescribed by
law; and to this end, the proper authorities of such city,
county, or township may, at their discretion, cause a vote to
be taken at such time as the said Richmond and Lynchburg
railroad company may ask.

“$4, It shall be lawfal for the said company to borrow
money, and to issue bonds or other evidences of debt, at a rate
of interest not exceeding the maximum allowed by law, and
to secure the payment of principal and interest by mortgage
or otherwise.

Ҥ 5, No discrimination whatever shall be made by the said
company in its charges against any connecting railroad or
can company in which the state has an interest, and the right
is reserved to the state to connect, at any point with said rail-
road, any railroad or canal in which the state has an interest.

Ҥ 6. It shall be lawful for the said company to acquire land
in payment of subscriptions to stock, or by donation, or by
purchase: provided, that it shall not be lawful for the said
company to hold, at the expiration of ten years after the com-
pletion of their road, more land than shall be necessary for the
uses of the road.
Ҥ 7. Any mining, manufacturing, or banking company, may
subscribe to the stock or guarantee the bonds of the said com-

any.

Ҥ 8. The construction of the said Richmond and Lynch-
burg railroad shall be commenced within three years, and the
same shall be completed within six years from the passage of
this act.

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