Chap. 134.—An ACT to Amend and Re-enact an Act approved July Elev-
enth, Eighteen Hundred and Seventy, entitled ‘‘An Act to Incorporate
the Potomac and Manassas Railroad Company.”

In force March 4, 1872.

1. Be it enacted by the general assembly, That the act ap-
proved July eleventh, eighteen hundred and seventy, entitled
an act to incorporate the Potomac and Manassas Railroad Com.
pany, be amended and re-enacted so as to read as follows:

Ҥ 1. Beit enacted by the general assembly of Virginia, That
Anson Bangs, Jesse Hoyt, Columbus C. Douglas, Aylett Nicol.
C. W. C. Dunnington, Daniel F. Ruggles, Walter Weir, thei
associates and successors, shall be and are hereby created
corporation, by the name of the Potomac and Manassas Rail.
road Company, for the purpose of constructing a railroad from
the Potomac river, at Potomac, in Prince William county, tc
the line of West Virginia, by such route as the company may
deem most eligible and direct, through the counties of Prince
William, Fauquier, Warren, Shenandoah and Frederick, or anj
of them; and are hereby authorized to purchase or lease from
the Orange, Alexandria, and Manassas railroad company, all o1
any part of their road, known as the Manassas branch of saic
road, upon such terms as may be agreed upon by the two com-
panies, or to consolidate with said Manassas branch of said
Orange, Alexandria and Manassas railroad, upon such terms as
may be agreed upon by the two companies.

Ҥ 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
Virginia.

“* 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
company to acquire, not exceeding thirty thousand acres of
land, in payment for subscriptions of stock, or by purchase:
provided, 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. ]

«34, 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 the power to borrow money,
at a rate of interest not exceeding that allowed by law, for the
purposes of this act, not exceeding one-half the capital stock
hereby 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.”

2. Said Potomac and Manassas Railroad Company is hereby
authorized to change its name (the stockholders in general
meeting consenting thereto), to the Potomac and Ohio Rail-
road Company; and that notice of such consent shall be given
to the board of public works within sixty days after such con-
sent is given; such change of name to commence and take
effect from the date of the assent of the stockholders thereto.

3. It shall be lawful for said company, in general meeting,
to increase its capital stock to an amount, including its pre-
sent authorized capital, not to exceed fifteen millions of dollars,
and to authorize its board of directors to borrow money, at a
rate of interest not exceeding eight per centum per annum, to
the amount of fifteen millions of dollars, and to issue bonds
therefor, and to sell the said bonds at the best price that can
be obtained for them, and to secure the payment of such bonds
by mortyage or deed of trust upon its franchise, and its real
and personal property, mcluding its road, running stock, equip-
ments, branches, income, and other tlings, or any part or parts
thereof, and such bonds or any part thereof, to make preferred
bonds, or bonds convertible into stock of the company; for
which purpose the said company shall be authorized to issue
such additional stock as may be necessary.

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

5. This act shall be in force from its passave, and shall be
subject to all general laws now existing, or that may hereafter
be enacted, w ith reference to works of internal Improvements.