Chap. 37.—An ACT to incorporate the Dan Valley and Yadkin River
Narrow-Gauge railroad company.

Approved January 22, 1879.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books of subscription at the town of
Danville, Virginia, and such other places as the commissioners
hereinafter named shall designate, under the direction of C. G.
Holland, E. B. Withers, F. M. Wamlin, Danicl Coleman, F. B.
Gravely, Charles W. Venable, Smith, J. T. Morehead,
Peter W. Iairston, J. G. Broadnax, Joseph H. Seales, S. G,
Sheffield, W. T. Sutherlin, J. M. Neal, J. E. Schoolfield, W. P.
Robinson, J. R. Wilson, R. R. Robinson, John F. Rison, R. L.
Hickson, HU. W. Cole, T. J. Talbott, H. D. Guerrant, or any
five of them, and such other persons as they may appoint, for
the purpose of receiving subscriptions to the capital stock of
the Dan valley and Yadkin river narrow-gauge railroad com-
pany to an amount not exceeding five hundred thousand dol-
lars, in shares of one hundred dollars each, to constitute a
joint capital stock for the construction of a railroad from the
town of Danville, Virginia, up or near the Dan river valley in
the direction of Leaksville, North Carolina, to the North Caro-
lina line. }

2. Be it further enacted, That whenever fifty thousand dol-
lars shall have been subscribed to the capital stock of said
road, whether by individuals, corporations, cities, or towns,
the subscribers, their executors, administrators, and ASSIGNS,
shall be and they are hereby declared and constituted a body
politic and corporate, under the name and style of The Dan
Valley and Yadkin River Narrow-Gauge Railroad Company,
and a3 such shall be entitled to all the privileges conferred
and subject to all the restrictions imposed by the Code of

Virginia, edition of eighteen hundred and seventy-three, and
acts amendatory thereof, so far as the same are applicable,
and not inconsistent with this act.

8. It shall be lawful to secure subscription to the capital
stock of said company in money, labor, land, or materials,
such as timber, stone, lumber, or supplies of any kind usually
required in the construction of a railroad; and it shall also be
lawful to receive the bonds of any city, town, county, or town-
ship at par in payment of subscriptions; 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, or other necessary purposes.

4. The said company shall have power to build branch or
lateral roads, not exceeding twenty-five miles in length, to con-
nect with any mines, iron works, or other manufactories.

5. Subscriptions to the capital stock of this company may
be made by individuals, the town of Danville, and by any city,
town, county or township, aad by any railroad company, or
any mining or manufacturing company. :

6. It shall be lawful for said railroad company to borrow
money for the coustruction, maintenance, and repair of its road
or any branch thereof; and also to issue bonds, and secure the
same by mortgaging its property and franchises, or otherwise.

7. It shall be lawful for said company to lease out its road,
property, rights and franchises to individuals, or to any other com-
pany or corporation ; also to lease the road, property, rights and
franchises of any other company connecting with said com-
pany’s roa; also to consolidate its stock and property with
that of any other company connecting with it, whether chartered
by this or any other state; also to make any contract or agree-
ment by which the road-bed and rolling stock of said company,
or any part thereof, may be constructed and used, in whole or
in part, by the Danville and New river narrow-gauge railroad
company, or any other company whose line of railroad shall
connect with said company’s road.

8. Whenever the company and the land owners cannot agree
for the use of land along the line of the company’s road, com-
missioners shall be appointed, as provided for by law, to ascer-
tain the value of the same. Said commissioners so appointed
shall, on ascertaining the damages, take into consideration the
advantages and benefits to accrue to suci land owner by the
construction of said road through his or her land.

9, It shall be lawful, with the consent of North Carolina, for
the company organized under this charter to extend its road
into the state of North Carolina at or near Leaksyille,

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