Chap. 286.—An ACT to Incorporate the Danville and New River Narrow
Gauge Railroad.

Approved March. 29, 1873.

1. Be it enacted by the general assembly of Virginia, That
W. T. Sutherlin, W. T. Clarke, John M. Johnston, L. M. Shu-
maker, Abner Anderson, P. Bouldin, A. M. Peyton, John D.
Glass, Robert H. Trotter, and Frank Gravely, of the county of
Pittsylvania, Virginia; B. F. Gravely, W. D. Stult4, John F.
Pedigo, C. Y. Thomas, George D. Gravely, John Rangely, John
H. Schoolfield, Wm. Martin, D. H. Spencer, and Samuel J. Mul-
lins, of Henry county, Virginia; Frank R. Penn, Edwin Zent-
meyer, Perry McArthur, H. W. Reynolds, John Staples, W. T.
Noel, M. Turner, J. N. Akers, Charles Ross, Jr., Stephen H.
Turner, Wellington Thomas, M. T. Lawson, Thos. Dehart,
John W. Gates, Jeff. Moore, and Samuel Dobyns, of the county
of Patrick, Virginia; Ed. Marshall, James L. Mitchell, James
B. Johnson, Aaron Cox, Judge A. W. C. Nowlin, Martin Dal-
ton, James Early, John Early, B. W. Dobyns, and Judge Gar-
land Hale, of Carroll county, Virginia; Alex. Chafin, Robert
Jackson, Albert Oglesby, J. C. Roper, Thos. Wood, S. C. Crock-
ett, D. C. Graham, John Robinson, and Joseph J. Graham, of
Wythe county, Virginia; Lewis H. Bryant, S. M. Fulton, P.
G. Hale, John Dickerson, M. B. Cox, and J..B. Hask, of Gray-
son county, Virginia, or such of them as may accept the pro-
visions of this act, and such persons and corporations as may
become associated with them in the manner hereinafter pro-
vided, shall be, and they are hereby constituted a body politic
and corporate, by the name of the Danville and New River
Railroad Company, and by that name shall have all the powers,
rights and privileges necessary and proper to locate, construct
and maintain a railroad, to be known as the Danville and New
River narrow gauge railroad, to begin at or near Danville, in
the county of Pittsylvania, thence by Martinsville, in Henry
county, Patrick courthouse, Hillsville, in Carroll county, to
some point on the Atlantic, Mississippi and Ohio railroad not
east of Christiansburg.

2. That the capital stock of said company may be two mil-
lion dollars, to be divided into shares of one hundred dollars;
and may be increased from time to time by the board of di-
rectors to such an amount as may be necessary for the comple-
tion of said road; and said company may be fully organized
whenever a sufficient amount of said stock has been taken to jus
tify in the opinion of the corporators the commencement of
said work. And the board of directors of said company, to
fully construct and equip said railroad, shall also have the
power to issue bonds in such sums not less than one hundred
dollars each, and bearing interest not exceeding the rates al-
lowed by law, payable (principal and interest) at such times
and places and in such manner as may be deemed most ad-
vantageous to said company, and may secure the same by one
or more mortgages on the road, franchises, income and real
and personal property of the company, or such parts thereof as
may be designated in the mortgage or mortgages.

3. The comporators enumerated in the first section of this
act, or any fifteen of them, a majority of those resident in each
county having been first notified of the time and place of meet-
ing, may meet for the purpose of effecting a temporary organ-
ization; which temporary organization shall continue in force
for two years, unless a permanent organization shall be sooner
effected. A president, directors, and such other officers as the
. corporators' may deem necessary and expedient, shall be elected ;
and the general law of the state in reference to incorporated
and internal improvement companies, shall in all respects con-
sistent with this act apply to said company.

4. It shall be lawful for the said company to acquire in sub-
scriptions to the capital stock of said company, or by donation
or otherwise, lands, mines, property, materials or labor, or-to
receive subscriptions from other companies, associations and
corporations, and to make such arrangements as shall be mu-
tually agreed upon by the respective boards of directors of
such companies, associations and corporations, for the endorse-
ment of, sale and exchange of stock and bonds, as to increase
facilities for the speedy completion of said road, and the said
company may sell, lease, or otherwise dispose of any lands or
other property acquired under this section at their pleasure.

5. The said railroad company shall have power to build
branch lateral roads, not exceeding twenty miles each in length,
from their main line, to connect with any mines, lands, works
or manufactories owned or operated by said company, or any
other association or individual.

6. Any county or incorporated town or city along the line of
said road, or any of its connecting branches, is hereby author-
ized, in the manner and under the rules and regulations pre-
scribed by law, to subscribe to the capital stock of said com-
pany; and to this end it shall be the duty of the county courts
of such counties, oy the hustings court of such town or city, in
their discretion, to cause a vote of the qualified voters to be
taken in a manner prescribed by law, at such time as the presi-
dent and directors of the Danville and New River Narrow
Gauge Railroad Company may ask, and to issue bonds in such
form, running such lengths of time, and bearing such rates of
interest, and payable at such periods and places as such courts
may determine.

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