Chap. 106.—An ACT to amend and re-enact section 4 of an act entitled
an act to incorporate the Lynchburg and Southwest Railroad Com-
pany, approved March 7, 1884. -

Approved November 25, 1884.

1. Be it enacted by the general assembly of Virginia, That
section four of an act entitled an act to incorporate the
Lynchburg and Southwest railroad company, approved the
seventh day of March, eighteen hundred and eighty-four, be
amended and re-enacted so as to read as follows:

§4. Subscriptions to the capital stock of said company may
be made by persons or corporations, counties, cities or towns,
in money, credit, labor, material, machinery or land, and the
said company may make such arrangements with other com-
panies or corporations as may be agreed on. Any county,
town or city may subscribe to the capital stock of said com-
pany such sum as may be desired, not to exceed the sum of
one hundred thousand dollars by any one county or town, or
the sum of three hundred thousand dollars by any one city,
and such sums shall be the maximum limit of such subscrip-
tions, respectively, notwithstanding any limitation under the
law as it now stands, whereby any such county, town or city
would be restricted to a less sum, but in any case in which,
under the law as it now is, any such county, town or city
might subscribe a greater sum; in such case, such county, town
or city shall have authority to subscribe such sum as may be
desired within the limits now imposed by law. And it shall
be the duty of the county court of any county, or of the
council or board of trustees of any town, upon being requested
so to do by the said company through its president, to cause
a vote of the qualified voters of such county, town or city to
be taken, at such time and for such amount as the said com-
pany, through its president, may request; and if it shall ap-

ear by the report of the board of commissioners that three-
hs of the qualified voters of the county, city or town are

in favor of such subscription, and that said three-fifths in-
cludes a majority of the votes cast by freeholders at such
election, and a majority of the qualified voters of the county,
city or town, the same shall be made, and the board of com-
missioners in making up their report shall have authority to
omit, and shall omit, from the estimate of the qualified voters,
the names of any and all persons whom they may be satisfied
for any reason have ceased to be qualified voters of such
county, town or city, notwithstanding such name may remain
upon the registration books, and the board of supervisors of
any county or council, or trustees of any city or town, making
such subscriptions, shall make all necessary orders for the
issuance and delivery of the bonds of such county, city or
town in accordance with the terms of such subscription. The
board of supervisors of any such county, or other proper
officers of any city or town, shall levy a tax sufficient to pay
the interest on such bonds, not exceeding six per centum per
annum, and to provide a sinking fund to extinguish the prin-
cipal at maturity, notwithstanding such tax may exceed the
rate of twenty cents on the hundred dollars.

2. All acts and parts of acts inconsistent herewith are
hereby repealed in so far as they would interfere with the
operation hereof.

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