Chap. 111.—An ACT to incorporate the Roanoke and Southern
Railway Company.
Approved February 12, 1886.

1. Be it enacted by the general assembly of Virginia, That
J. M. Gambill, D. F. Houston, E. H. Stewart, J. C. Moomaw,
J. D. Kirk, T. T. Fishburne, D. C. Moomaw, J. A. Gale, Mort.
M. Rogers, T. W. Miller, L. H.fCocke, Geo. P. Tayloe, W.
G. Evans, W. K. Andrews, J. M. Harris and Thos. Engleby,
and such other persons as they may associate with them, shall
be and are hereby created and declared a body politic dnd cor-
porate, under the name of The Roanoke and Southern Rail-
way Company.

2. The said company, upon organization as herein provided,
shall have power to construct, maintain and operate a railroad
and telegraph line from the city of Roanoke, in the county of
Roanoke, through the counties of Roanoke, Franklin, Patrick,
or Henry, to a point on the line between the state of Virginia
and the state of North Carolina.

3. The capital stock of said Roanoke and Southern railway
company shall not exceed three million dollars, to be divided
into shares of one hundred dollars each; each share subscribed
shall be entitled to one vote in all meetings of the stockholders
of said company, and twenty-five thousand dollars shall be the
minimum subscription on which said company may be or-
ganized.

4. That J. M.-Gambill, D. F. Houston, J. C. Moomaw, E.
H. Stewart, J. D. Kirk, T. T. Fishburne, Mort. M. Rogers,
Geo. P. Tayloe, T. W. Miller and W. K. Andrews, or any six
of them, may, as commissioners, receive subscriptions to the
capital stock of said company.

5. It shall be lawful for the counties.of Roanoke, Franklin,
Patrick and Henry, or any of them, to subscribe for and hold
stock in the said company; and whenever such subscriptions
shall be authorized by a vote of the people of such counties, as
providéd by the laws of the state of Virginia, and to make pay-
ment of any such subscriptions so authorized, it shall be lawful
for the bonds of said counties to be issued, -and to secure the
payment of the accruing interest and the principal of such
bonds by a special tax, to be laid by such counties, sufficient to
pay such accruing interest, and to provide a sinking fund ade-
quate to the ultimate payment of said bonds at their maturity.
It shall be lawful for any railroad, mining or manufacturing
company, operating in the state of Virginia, authorized by its
charter so to do, to subscribe and hold stock in the said com-
pany.

6. The president and board of directors of said company
shall be elected in such manner, and for such term of office,
and the number of directors shall be such as the stockholders
may deem best; and the principal office of said company shall
be at the city of Roanoke.

7. It shall be lawful for the said Roanoke and Southern rail-
way company to issue bonds for an amount not exceeding its
subscribed capital, and to secure payment of interest and prin-
cipal of the same by a mortgage or mortgages upon the prop-
erty and franchises of said company.

8. The said company may consolidate its stock, franchises
and property with those of any railroad that now is or hereaf-
ter may be constructed to the city of Roanoke, upon such
terms as may be agreed upon by the two companies proposing
to consolidate: provided, that it shall not consolidate with any
parallel or competing line: and provided, further, that if it
should consolidate with a foreign corporation, the consolidated
company shall always remain a Virginia corporation in regard
to the right of suing and being sued.

9. The work on this road shall be commenced within two
years, and be completed within ten years.

10. The said company shall have power to acquire, own,
operate or lease any quarries, mines, coal beds, lumber yards
or furnaces, in any of the counties through which its road may
pass, or in any adjoining county, and to build branch roads,
not exceeding twenty miles in length each, to any quarries, coal
beds, mines, lumber yards or furnaces, so owned, operated, ac-
quired or leased. :

11. This company shall pay all its taxes to the state in legal
tender currency of the United States; and the general assem-
bly reserves the right to repeal, alter or amend this charter.

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