Chap. 86.—An ACT to Change the Title and Amend the Act to Incorpo-
rate the Farmville, ' harlottesville and Stanardsville Narrow cauge Rail-
road, in force March 28th, 1871.

In force February 13, 1872.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful for Thomas P. Jackson, John A. Dalby, J. B.
Ely, P. H. Jackson, H. R. Hooper, A. B. Venable, Wiliam W.
H. Thackston, H. E. Warren, W. R. Berkeley, Blake Woodson,
George W. Palmore, Isham Seay, Benjamin A. Wilson, E. W.
Hubard, William M. Perkins, Peter A. Forbes, Samuel Wil-
liams, William A. Moss, J. P. Philips, P. A. Davis, John 8.
‘West, John W. Edwards, Henry L. Gantt, Dr. Charles Cocke,
James C. Hill, Henry Rives, Robert H. Carter, John Wood, jr.,
Bennett Taylor, R. S. Beazeley, Thomas M. Shearman, B. C.
Flannagan, J. J. Bowcock, Micajah Woods, William A. Perkins,
William Johnson, Robert Garnett, John McCray, John R. Wil-
son, Dr. W. J. Eppes, Richard Eppes, Thomas W. Campbell,
and Colonel Burke, or any five of them, to open books of sub-
scription to the capital stock of the Farmville, Charlottesville
and Stanardsville Railroad Company, at such times and places
as they may determine upon; and whenever twenty-five thou-
sand dollars shall have been subscribed by persons and corpo-
rations able to pay, the subscribers may organize the company;
and thenceforth they, and such persons as may afterwards be
dJawfully associated with them, shall be a corporation, under the
name of the Charlottesville and Scottsville, Farmville or Burke-
ville Railroad Company, for the purpose of constructing and
‘operating a narrow gauge railroad from Charlottesville via
Scottsville, to Farmville or Burkeville, as the stockholders
may elect, or between the two last named points, and should
they determine to go to Farmville, with the privilege of exten-
gion south to Staunton river or to Keysville, on the Danville
railroad, and also the privilege of extension from Charlottes-
ville to Stanardsville, in the county of Greene, and shall be sub-
ject to all the provisions of the Code of Virginia applicable to
Tailroad companies, and not inconsistent with the provisions of
act.

2. The capital stock of said company shall not be less than
twenty-five thousand nor more than one million of dollars, to
be divided into shares of one hundred dollars each; and stock-
holders shall have one vote for each share of stock in all meet-
ings of stockholders.

3. Subscriptions to the stock of said company may be made
in money, materials, machinery or land, and said company may
also acquire land by gift or purchase, and shall have power to
hold and sell the same for the construction or repair of their
road, for depots and other necessary purposes, or for purposes
of immigration: provided, that the amount of land so held at
any time shall not exceed two hundred thousand acres, unless
the company undertakes to construct the extensions authorized
‘by this act; in that event, a pro rata increase in the number of
acres authorized to be held is granted; and at the expiration
of ten years from the completion of the road and its proposed
extenstons, only so much land shall be held by said company
as may be necessary for the use of said company for depots,
depot grounds, and other necessary company purposes.

4. Subscriptions to the stock of said company may be made
by private individuals, mining, manufacturing and banking
companies, the corporations of Farmville, Scottsville, Burke-
ville, Nottoway and Charlottesville, the counties of Prince Ed-
ward, Cumberland, Buckingham, Albemarle, Greene and Char-
lotte, or any townships through which said railroad passes, in
either of the counties aforesaid; and the proper authorities
{town trustees or council, county judge or township board) of
said towns, counties, or townships, may cause a vote to be
taken therein on the subject of such corporate subscription, at
‘such time as the commissioners of subscription named in the
first section of this act, or the company may ask such vote to
be taken in accordance with the general law governing such
elections. Should such subscription be ordered in accordance
with the provisions of such general law, the town authorities
aforesaid, county board of supervisors, or township board, as
the case may be, shall make such subscription; and to this end
may issue bonds, bearing a rate of interest not exceeding ten
per centum, of such denomination as said authorities may de-
termine: provided, that said bonds so issued shall be taken by
the company at par in payment of such subscription, and shall
not exceed in amount, in the case of a town or county, the sum
of one hundred thousand dollar 8, or in the case of a township,
the sum of twenty-five thousand dollars.

5. It shall be lawful for any railroad company, contiguous
to said narrow gauge railroad, to subscribe to and own an
amount of its stock, not exceeding one-third part of the whole
thereof.

6. It shall be lawful for said railroad company to borrow
money for the construction or repair of its road, issue bonds,
and secure the same by mortgage upon its property and fran-
chises, or otherwise.

7. The said railroad shall be commenced within three years,
and completed from Charlottesville to Farmville or Burkeville,
whichever of the. latter points the stockholders may select,
within five years from the passage of this act.

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