Chap. 336.—An ACT to Incorporate the Potomac and Manassas Railroad
Company. ‘

Approved July 11, 1870.

1. Be it enacted by the general assembly of Virginia, That
Anson Bangs, Jesse Hoyt, Columbus C. Douglass, Aylett
Nicol, C. W. C. Dunnington, Daniel F. Ruggles, Walter Wier,
their associates and successors, shall be and are hereby created
a corporation by the name of The Potomac and Manassas rail-
road company, for the purpose of constructing a railroad from
Manassas Junction to some point on the Richmond, Freder-
icksburg and Potomac railroad, between the Acquia Creek ter-
minus and Fredericksburg, or on any branch of the same, north
of Fredericksburg, or at some point on the Potomac railroad.

2. The capital stock of the company shall not exceed one
million of dollars, and shall be divided into shares of one hun-
dred dollars each. When fifty thousand dollars thereof are
subscribed, the subscribers may organize the company and ex-
ercise the functions of a corporation in accordance with the
provisions applicable thereto in the Code and statutes of Vir-

inia.
6 3. The rates of charge per mile for transportation by said
company, for passengers and freight, shall never exceed the
highest allowed by law to other railroads in the state of Vir-
ginia, and no discrimination shall be made in such charges
against any connecting railroad company, nor shall any rail-
road company, connecting with said railroad, discriminate
against said company; and said railroad company may acquire,
by condemnation, in accordance with the provisions applicable
thereto in the Code and statutes of Virginia, an amount of land,
not exceeding forty acres in any one parcel, for its main depots,
machine shops, and other necessary purposes connected with
the business of said company. It shall be lawful for said com-

any to acquire, not exceeding thirty thousand acres of land,
In payment for subscriptions of stock, or by purchase: pro-
vided, however, it shall not be lawful for said company, at the
expiration of ten years after the completion of their road, to
hold more land than shall be necessary for the use of the road.

4, 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, at
arate of interest not exceeding that allowed by law, for the
purposes of this act, not exceeding one-half the capital stock

ereby authorized, and 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.

5. The construction of the said Potomac and Manassas rail-
road shall be commenced within two years, and the same shall
be completed within six years, from the passage of this act.

6. This act shall be in force from its passage, and shall be
subject to all general laws now existing or that may hereafter
be enacted with reference to works of internal improvements.