Chap. 107.—An ACT to amend and re-enact an act entitled an act
to incorporate the Virginia and West Virginia railroad company,
approved February 21, 1882.

Approved February 12, 1884.

1. Be it enacted by the general assembly of Virginia, That
the act entitled an act to incorporate the Virginia and West
Virginia railroad company, approved Februar: y twenty-first,

eivhteen hundred and cighty-two, be amended and re-enacted
80 as to read as follows:

§ 1. Be it enacted by the general assembly of Virginia,
That John B. Davis, E. D. Christian, Henry G. Davis, Joseph
Sprigg, W. C. Clay ton, Augustus Schell, S. B. Elkins, Henry
Heaton, R. T. Barton, William Keyser, T. B. Davia, and E.
W.S. Moore, and such persons and corporations as they may
associate with them, shall be, and they are hereby constituted
a body corporate and politic by the name of the Virginia and
West Virginia 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 Virginia and West Virginia railroad company,
from any point on the line of the state of Virginia in the
county of Frederick to the town of Alexandria, or to any
point on the Potomac river below Limestone run in the
county of Loudoun, above the said town of Alexandria: pro-
vided the said railroad shall be located, constructed, and main-
tained so that the town of Winchester shall be a point upon
said line: and provided further, that the said railroad com-
pany may construct, locate, and maintain a branch to said
road from the said town of Winchester to some point on the
Manassas Gap railroad between the town of Strasburg, in
the county of Shenandoah, and the town of Salem, in the
county of Fauquier, and may make connection therewith.
The said company shall be subject to all the provisions of
chapters fifty-six, fifty-seven, and sixty-one of the Code of
Virginia of “eiubteen hundred and seventy-three, and the
acts of the eeneral assembly amendatory thereto, so far as
the same may be applicable to, and are not inconsistent with
the proz Inions of this act.

$2. The capital stock of said company shall not be less than
two hundred and fifty thousand dollars, nor more than ten
million dollars, to be divided into shares of one hundred dollars
ench; and whenever two thousand five hundred shares shall
have been subscribed under the direction of any five of the
corporators hereinbefore named, the subscribers may organize
the company by electing a president and board of directors,
and electing or appointing such other officers as may be ne-
cessary for the management of the affairs of the company ;
and thereupon they shall have and exercise all the gener: ul
powers and functions of a corporation: provided that. unless
the said corporation shall, within two years from the date of
the passayve of this amendment, expend the amount of its
minimum capital in actual construction of a railroad within
the limits of the state of Virginia, this charter shall be for-
feited: and provided that so much of the road as the said
company shall determine to complete under the provisions of
this act, shall be completed within six years from the passage
of this act, and not thereafter. Each share of stock shall be
entitled to one vote in meetings of stockholders.

§3. The capital stock of said company may be increased
trom time to time by the board of directors, by and with the
consent of a majority of the stockholders, to such an amount
as they may deem for the interest of the company, not ex-
ceeding the maximum capital stock prescribed by this act;
and the board of directors, by and with the consent of a
majority of the stockholders, shall have the power to issue
bonds bearing interest not excecding six per centum per an-
num, payable—principal and interest—at such times and
places, and in such manner, as may be most advantageous to

said company; and may secure the same by one or more
mortgages on the road, franchises, income, and the real estate
of the company, or such part thereof as may be designated
in the said mortgage or mortyaves.

§4, The said company shall have power to cross at vrade,
unite, consolidate, or connect with any line of railway con-
structed in whole or in part in this state, or may be consoli-
dated with the Coal and Iron railway company in West Vir-
ginia, or may acquire, by lease or purchase, any line of’ rail-
way constructed in whole or in part in the state of West
Virginia or Maryland; and tor this purpose power is hereby
granted to it and to any railroad company incorporated by
this state, to make such contracts as may be necessary or
proper to carry out the provisions of this section. The said
company incorporated under this act, shall be a corporation of
the state of Vireinia, resident therein, and subject to its laws
and the jurisdiction of its courts; and so soon as the road
shall be open for the conduct of business within the state of
Virginia, the company shall keep at the town of Winchester
an agent, upon whom process against the company may law-
fully be served.

§5. It shall be lawful for said company to construct, equip
and maintain Jateral or branch roads of any grade whatever,
not exceeding twenty miles in length, which shall have all
the rights and powers, and be subject to the same restrictions
as the main line.

§6. It shall be lawful to receive subscriptions to the stock
of this company from any connecting railroad company, or
from any mining or manufacturing company, or from any
county or counties in Virginia that may be interested in its
construction.

§7. It shall be lawful to receixe subscriptions for the con-
struction of said road, in money, labor, land or material—such
as timber, stone, or other supplies required in the construction
of railroads.

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