Chap. 267.—An ACT to Incorporate the Sussex County Railroad Company.

Approved March 21, 1872.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books of subscription in one or more
places in the county of Sussex, under the direction of R. L.
Dobie, Maj. B. W. Belsches, E. T. Chappell, E. E. Edwards,
C. L. Cocke, Jas. D. Thornton, R. W. Arnold, Jas. D. Howle,
Geo. H. Dillard, J. H. Van Auken, John W. Paddon, Wm. E.
Prince, Jno. Prince, Wm. N. Blew, Wm. 8S. Godwin, L. W. Jones,
or any three of them; and at such other place or places as a
majority of the above named commissioners may desiguate, for
the purpose of receiving subscriptions to anamount not less than
fifty thousand dollars nor more than three hundred thousand
dollars, in shares of one hundred dollars each, to constitute the
capital stock of a company, to be called “the Sussex County
Railroad Company,” for the purpose of constructing a railroad
from Stony ereck or at or near Hicksford to a point on the
Norfolk and Petersburg railroad, at or near Waverly station in
the county of Sussex.

2. The said company shall have the right to hold and employ
such machinery and other apphances as their business may
requre; and are hercby vested with all the ri¢hts, powers and
privileges conferred, and subject to all the restrictions imposed
by the laws of the state upon bodies politic and corporate, so
far as the same are applicable to and not inconsistent with
this act.

3. That the said company shall have power to borrow money
on its bonds or other evidences of debt to an amount not
exceeding its capital stock bearing interest at arate not exceed-
ing that allowed by law, which bonds may be secured by a
pledge of the income and property of said company.

4. The said company is hereby authorized to receive and hold
land or other species of property in payment of subscriptions
to the capital stock, and to convey or otherwise dispose of the
same: provided, that they shall not at any one time hold real
estate to exceed in value the amount of the capital stock of
said company. The said company may enter into arrange-
ments with any company connecting therewith, whether such
company connecting at either terminus or at any other point
along its line for the use of the necessary rolling stock to be
furnished to said company or fora lease of its road, not exceed-
ing a term of twenty years upon any one contract of lease, or
may contract for the sale and transfer of all its property, rights,
charter, franchises and stock to any such connecting company:
provided, that such sale or transfer be confirmed at any general
meeting of said railroad company.

5. The work on the proposed road hereby authorized to be
constructed shall be commenced within two years from the pas-
sage of this act and be completed within five years from the
passage of this act.

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