Chap. 426.—An ACT to Enab'e the Pittsylvania and Lynchburg Turnpike
Company to Rebuild their Bridge Across Staunton river.

Approved November 5, 1870.

1. Be it enacted by the general assembly, That the Pittsyl-
vania and Lynchburg turnpike company are hereby authorized
to issue new stock, in shares of fifty dollars each, to such ex-
tent as shall be necessary for the purpose of rebuilding their
bridge across Staunton river, the certificates whereof shall
state the purpose for which it is issued, and that it entitles the
holders to an interest in the bridge only, and not in the road
of the company.

2. The site of said bridge, together with the piers, abut-
ments, and land thereto annexed, may be valued by three ap-
praisers, one to be appointed by the board of directors of said
company, another by the new subscribers, and the third by the
two 80 appointed, whose valuation shall be recorded on the
books of the company; and the existing company may hold
stock in said bridge to the extent of such valuation and of the
amount of money furnished by them for the rebuilding of said
bridge; and the new subscribers may hold stock to the extent
of the residue necessary to rebuild the same, so far as they
shall subscribe therefor; and the existing company and said
new subscribers shall be held liable to the extent of the stock
so held by them, for expenses and repairs, and entitled to re-
ceive dividends in the proportion of the stock held by them
respectively.

8. For the management of the affairs of said bridge, the
new subscribers may appoint one director for every twenty
shares of stock held by them, who shall sit with the directors
of the company, forming, with them, one board in reference to
the bridge; and in such meetings, the directors of the turn-
pike company, who shall be present, shall also cast one vote
for every twenty shares of stock held by said company: pro-
vided, that in no case shall the aggregate of the votes cast by
the directors of said turnpike company be less than three-fifths
of the whole vote cast.

4. The said company may purchase the whole or any of said
new stock from the holders thereof, and cancel the same.

5. If said company shall rebuild the said bridge so that the
same shall be completed on or before the tenth day of April,
eighteen hundred and seventy-two, they shall remain and be
entitled to all the benefits and privileges conferred by the act
of the nineteenth of February, eighteen hundred and thirty-
four, incorporating said company: provided, that after said
bridge shall be completed, the company shall be subject to the
provisions of the seventh section of said act, as to keeping the
same in proper condition.

6. This act shall be in force from its passage.