Chap. 305.—An ACT to Incorporate the Richmond and Henrico Railroad,
° Turnpike, and Graded Road Company.

Approved March 31, 1871.

1. Be it enacted by general assembly, That John B. Cren-
shaw, W. W. Crump, John N. Powell, Franklin Davis, John
B. Young, Ed. Warren, William H. Pleasants, Gordon,
Peter Lawson, James Lyons, William Mordecai, Abram War-
wick, junior, and their associates, be and they are hereby con-
stituted a body politic and corporate, by the name and style of
The Richmond and Henrico Railroad, Turnpike, and Graded
Road Company, and shall have authority to construct a rail-
road from some point in the city of Richmond, to and upon
the Brooke turnpike, to such point in the counties of Henrico
or Hanover as they shall deem expedient: provided, that the
assent of the common council of the city of Richmond, the
county court of Henrico, and the Richmond and Charlottes-
ville turnpike company be first obtained thereto.

2. The road shall be of any gauge which the said company
may determine, and may be worked either by horses or steam
power, as the said company may determine; or instead of
rails, the company may use what is known as the road engine
to draw their cars over said turnpike and along such streets of
the city of Richmond as the council thereot may indicate.
The turnpike or graded road shall continue of its present
width, and any extension, or branch road thereof of not less
than forty feet in width including the side ditches.

3. It shall be lawful for the said company to buy the stock
of the Richmond and Charlottesville turnpike company from
individuals holding the same, at such price as they can, or it
may be lawful for persons subscribing to the stock of this
company, to pay therefor in the stock of the Richmond and
Charlottesville turnpike company, share for share; and on the
stock of the Richmond and Charlottesville turnpike company
bought by said company, the directors of this company shall
have the right to vote as other stockholders in any meeting of
the stockholders of the Richmond and Charlottesville turn-
pike company so long as it remains a company, but it may be
lawful for a majority of the stockholders of the Richmond and
Charlottesville company in general meeting assembled, to au-
thorize their directors to sell their turnpike and graded road
with all its rights, franchises, etcetera, to the said railroad,
turnpike and graded road company on such terms as they may
agree on, subject to the approval of the stockholders of the
said railroad, turnpike, and graded road company in general
meeting assembled.

4, The capital stock of the said company may be one hun-
dred thousand dollars, and in shares of twenty-five dollars
each. The said persons, and all others who may associate with
them, may assemble at such place as may be indicated in an
advertisement, published for ten days, in one of the newspa-
pers of the city of Richmond. When so assembled, they shall
open a book of subscription to the stock, and all persons who
shall then subscribe for not less than four shares of stock, and
pay two dollars on each share for the use of the corporation,
shall be entitled to vote, and may proceed to organize the said
railroad, turnpike, and graded road company, according to law,
when two hundred shares shall have been subscribed.

5. In all meetings of stockholders, each share of stock shall
entitle the holder to one vote.

6. The said company may acquire land in payment of sub-
scription of stock, by donation or otherwise, and may sell,
lease, or otherwise dispose of the same at their pleasure. Any
mining, manufacturing, banking, or other incorporated com-
pany, may subscribe to the stock of this company.

7. The said company may elect such number of directors,
and provide for the appointment or election of such officers
and agents, as they may decide to be necessary for the man-
agement of its affairs.

8. The company may borrow such sums of money, and at
such rates of interest, not exceeding the rate of interest al-
lowed by law, as it may deem necessary and proper, and may
execute liens upon its property, franchises, and revenues, to
secure the payment of the principal and interest of such loans.

9. The president and directors of said company shall be au-
thorized to demand and receive tolls on all conveyances, horses,
live stock, persons, and things traversing the said road, as fol-
lows: all carriages or buggies shall pay two cents per horse
per mile each way; burthen teams, two cents per horse per
mile, except those hauling wood, which shall pay one and a
half cents per horse per mile, and be allowed to return free
with less than three hundred pounds; horse with rider, three-
fourths of a cent per mile each way; drove horses, mules, or
cattle, half cent per mile; hogs and sheep, one-fourth cent per
mile; and for carrying freight and passengers, compensation
not exceeding that which is allowed to the Chesapeake and
Ohio railroad company per mile.

10. This act shall be in force from the passage thereof.