Chap. 256.—An ACT to Amend and Re-enact the first, second, third,
fourth and eighth Sections of an Act entitled an Act to Amend the
Charter of the Richmond and Lynchburg Railroad Company, approved
July eleventh, eighteen hundred and seventy, so as to Change the
Name of the said Company and Extend the Time within which it may
Commence and Complete the said Railroad.

Approved March 27, 1873.

1. Be it enacted by the general assembly, That the first,
second, third, fourth and eighth sections of an act entitled an
act to amend the charter of the Richmond and Lynchburg
railroad company, approved July eleventh, eighteen hundred
and seventy, be amended and re-enacted so as to read as
follows:

§ 1. It shall be lawful for Thomas W. McCance, James
Lyons, Franklin Stearns, Joseph R. Anderson, H. Coulter
Cabell, W. G. Paine, Isaac Davenport, William B. Isaacs,
Parker Campbell, Willis J. Dance, William P. Burwell, W. A.
Perkins, Moses Milhiser, Thomas L. Bondurant, A. C. Garnett,
W. H. Perkins, George D. Saunders, Wilson Hicks, Lloyd J.
Beall, Peyton Wise, John A. Meredith, George Baughman,
Robert F. Williams, John F. Lay, Francis D. Irving, Robert
Hatford, William M. Perkins, L. D. Jones, Edward S. Brown,
Blair Burwell, W. Tucker Carrington, P. C. Warwick, W. H.
Haxall, Albert Ordway, William Pope Dabney, William Royall,
Henry Brazeal, George Barksdale, George J. Hundley, John
W. Walke, T. J. Kirkpatrick, George Palmer, Blake Woodson,
T. P. Fitzpatrick, Wyatt M. Elhott, J. H. Noble, Thomas H.
Wynne, T. C. S. Ferguson, James B. Pace, William F.. Bart-
lett and W. W. Forbes, or any five of them, to receive sub-
scriptions to the capital stock of the Straight-shoot railroad
company, on giving ten days’ notice in one of the Richmond
papers, and to superintend the organization of said company.
For this purpose they may cause the books of subscription to
be opened at such time and places as they may deem proper,
on giving ten days’ notice in a newspaper published in Rich-
mond, and under the superintendence of such persons as they
may appoint. The subscription shall be in shares of one hun-
dred dollars each, and when two hundred and fifty shares shall
be subscribed by persons and corporations able to pay, other
than internal improvement companies, the subscribers, and
such persons as thereafter may be lawfully associated with
them, shall be a corporation, under the name and style of the
Straight-shoot Railroad Company, for the purpose of con-
structing and operating a railroad from the city of Richmond
to the city of Lynchburg, where it may form a junction with
any railroad passing through or terminating in the city of
Lynchburg, or form a junction with the Chesapeake and Ohio
railroad up the valley of James river, at or near Clifton Forge.
And the said company shall be subject to the general railroad
law of Virginia, except so far as is hereinafter otherwise pro-
vided.

§ 2. The capital stock shall be not less than twenty-five
thousand nor more than five millions dollars, divided in shares
of one hundred dollars, and stockholders shall have one vote
for each share of stock.

§ 3. It shall be lawful for the cities of Richmond and Lynch-
burg, or any county or township along the line of the proposed
railroad, to subscribe to the capital stock of the Straight-shoot
company, under such rules and regulations as now or may
hereafter be prescribed by law, and to this end the proper
authorities of such city, county or township may, at their dis.
cretion, cause a vote to be taken at such time as the said
Straight-shoot Railroad Company may ask, to either stock or
bonds of said company.

§ 4. It shall be lawful for said company to borrow money,
and to issue bonds and other evidences of debt, at a rate of
interest not greater than twelve per centum, and secure the
payment by mortgages or otherwise.

§ 8. The title of said Richmond and Lynchburg railroad
shall be changed into the Straight-shoot railroad, and its con-
struction shall be commenced within three years and finished
within seven years from the passage of this act.

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