Chap. 362.—An ACT to incorporate The Virginia Deep Run Mining
Company.

Approved March 31, 1875.

1. Be it enacted by the gencral assembly of Virginia, That
Edwin C. Litchfield, Robert J. Hubbard, Lawrence Turnbull,
Edward H. Litchficld, Calvin Burr, and William Savage, and
such other persons as may be hereafter associated with
them, be and they are bereby created and incorporated, and
made a body politic and corporate, under the name and style
of Tho Virginia Deep Run Mining Company, for the purpose
of mining for coal, iron, and other ores, and manufacturing
the same, and transporting the same to market from the
county of Henrico; and they are hereby invested with all
the rights and privileges and powers conferred on such
bodics politic and corporate by the fifty-seventh chapter of
the Code of Virginia. .

2. Be it further enacted, That tho capital stock of said
company shall be one million of dollars, in shares‘of one
hundred dollars each, in addition to which said company
may create and issue preferred stock in shares of one hun-
dred dollars each, to an amount not exceeding one million of
dollars; but said company may commence its business when
at least one hundred thousand dollars of its capital stock
shall have been subscribed and paid. Said company shall
have authority to purchase and hold the lands and property
heretofore owned by the Springfield and Deep [un cecal
mining and manufacturing compaffy of the county of Her
rico, and other lands whicb it may purchase in said county
of Henrico, not exceeding three thousand acres at any one
time of such other lands, and may again sell and convey the
same, or lease or encumber the same.

3. Bo it further enacted, That the said company sball hav
authority to clear all timber, stone, coal, iron, and other ore
from their lands, and to manufacture the same, and to estal
lish and maintain all such furnaces, foundries, mills, an
other buildings and erections as may be convenient as:
necessary for tho purpose of working their mines and carry
ing on such manufactures; and to transport to market th
products of their lands and mines, and of such manufactures
and to build, purchase or hire boats, barges, steamers, ané
sail vessels, and use the same in connection with their mining
business and the transportation of coal and other minerais an
materials to market; and to construct and maintain for sact
transportation as aforesaid, a tram or railroad, with one o!
more tracks from its said lands or mines in the county o!
Ifenrico to the city of Richmond, or to any point on Jame:
river below the said city, and to any point on the York River
railroad, and to acquire the right of way therefor by gift.
leaso, or purchase: provided, that the said company shall
not be at liberty under this act to construct any railroad
more than twenty miles in length. The said company shall
have two ycars from and after the passage of this act to
organize under its provisions.

4, And be it further enacted, That said company is autho-
rized to borrow money and to contract debts, as may be
necessary in carrying into execution the powers hereby cot-
ferred; and said company may issue its bonds or obligations
for any such money borrowed or liabilities incurred, in such
form, and payable at such time and place, and with such rate
of interest as it may deem proper, and may secure the pay-
ment of the same by mertgage or deed of trust; and may
sell, pledge, or otherwise dispose of any such bonds or obli-
gations for such price and on such terms as it may deem
expedient; and for any of the purposes by this act authorized,
said company may issue and dispose of its stock to the
amount limited hereby, and may guarantee to such preferred
stock such dividends or interest in priority to its common
stock, and at such rates per annum as it may deem proper;
and may, by mortgage or in other lawful manner, secure to
the holders of such preferred stock the preferences and _pri-
orities which may be stipulated in accordance herewith.

5. This act shall be in force from its passage, and shail be
subject to amendment, alteration, modification, or repeal at
the pleasure of the general assembly.