Chap. 33.—An ACT to Charter the Rappahannock and Potomac River
Railroad.

Approved March 30, 1870.

1. Be it enacted by the general assembly of Virginia, That
A. L. Carter, M. Lewis, James R. Ball, W. L. G. Mitchell,
Robert T. Pierce, and James V. Sullivan, with such other par-
ties as may hereafter be associated with them, be and they are
hereby incorporated and made a body politic and corporate
by the name and style of The Rappahannock and Potomac
Railroad Company, for the purpose of constructing a railroad
from a point at or near Monaskon, on the Rappahannock river,
in the county of Lancaster, to some point on the Potomac at
or near the mouth of Cone river, a tributary of the Potomac,
in the county of Northumberland. The capital stock of the
company shall not. exceed half a million of dollars, and shall
be divided into shares of one hundred dollars each. When
fifty thousand dollars thereof are subscribed, the subscribers
may organize the company and exercise the functions of a cor-
poration, in accordance with the provisions applicable thereto
in the'Code and statutes of Virginia: provided, that in order
to secure the rights and franchises contained in this charter,
such organization shall be perfected and the construction of
the road commenced within two years from the passage of
this act; and .the directors of said company, or a majority of
them, shall, by and with the consent of the stockholders in
general meeting assembled, have power to borrow money for
the purposes of this act, and to issue proper certificates of such
loans, and to pledge the property of the company, by mortgage
or otherwise, for the payment of the same and the interest
that may accrue thereon: provided, the said railway shall be
open to the use of any railroad company heretofore or here-
after chartered by the state of Virginia, and the engines and
trains of any such company may pass over it upon such terms
and according to any such schedule as may be agreed upon be-
tween said company and the said Rappahannock and Potomac
railroad company; or, in case of any failure to agree thereon,
upon such terms and upon such schedule as the board of public
works of Virginia may, from time to time, prescribe.
2. This act shall be in force from its passage.