Chap. 281.—An ACT to Incorporate the Jones Wharf and Surry Railroad
Company.

In force March 22, 1872.

1. Be it enacted by the general assembly, That Junius B.
Jones, W. C. Jones, N. Savidge, J. Kellum, and C. Jones, or
such of them as may accept the provisions of this act, shall
be and they are hereby constituted a body politic and corpo-
rate, by the name of the Jones’ Wharf and Surry Railroad
Company, and by that name shall have all the powers, rights
and franchises necessary and proper to locate, construct and
maintain a railroad, to begin at or near Jones’ wharf, in the
county of Surry, to any point in said county on the Atlantic,
Mississippi and Ohio railroad, and to connect with other rail-
roads or tramways, 18 may be essential or advantageous to the
operations of the said Jones’ Wharf and Surry Railroad
Company.

2. The capital stock of said company shall not be less than
ten thousand dollars nor more than two hundred thousand
dollars; and when the minimum amount shall have been sub-
scribed, and two per centum thereon paid up, the said com-
pany shall be allowed to organize, as provided in the foregoing
section.

3. The said company shall have the right to hold and em-
ploy such machinery and other appliances as their business
may require; and are hereby vested with all the rights, powers
and privileges conferred, and subject to all the restrictions
imposed. by laws of the state upon bodies politic and corpo-
rate, so far as the same are applicable to and not inconsistent
with this act.

4. 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 ex-
ceeding that allowed by law; which bonds may be secured by
a pledge of the income and property of said company.

5. The said company is hereby authorized to receive and
hold land, or other species of property, in payment of subscrip-
tions to the capital stock, and to convey and 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.
6. The work on the proposed road herein authorized to be
constructed shall be commenced within six months from the
passage of this act, and be completed within the period of five
years.

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