Chap. 126.—An ACT to authorize the construction of a railroad from
Goodson to and through the Coal Mines of Russell, Dickenson and
Buchanan, _

Approved February 16, 1886.

1. Be it enacted by the general assembly of Virginia, That
J. D. Inboden, Abram Fulkerson, William F. Rhea, A. F.
Miles and Joel Fleener, all citizens of Washington county, and
their associates and successors, be and they are hereby made a
body politic and corporate, under the name and style of The
Tennessee and North Carolina Railroad Company, to construct
or have constructed a standard or narrow-gauge railroad, from
Goodson or Abingdon, or from both towns, to a common point
in Washington county, and thence by the most eligible route
to the coal-bearing lands in Russell, Dickenson or Buchanan
counties, passing as near Lebanon, in Russell county, as may
be deemed most advantageous in the construction and opera-
tion of said road. Said company shall possess all the rights,
powers and privileges, and be subject to all the restrictions, of
the general laws of the state relating to railroad companies,
and not now inconsistent with this act. )

2. The capital stock of said company shall be such amount
per mile as may be found necessary, and be entered of record
in the proceedings of said company, not exceeding fifty thou-
sand dollars per mile, in shares of one hundred dollars each,
and may be subscribed for by counties, townships, corporations
and individuals, payable in money, bonds, labour or materials,
as may be agreed upon. Said company may issue bonds in
the usual form of such securities to an amount not exceeding
its authorized and declared capital stock per mile, and secure
the principal and interest of such bonds to the purchasers
thereof, by a mortgage Or mortgages, or deed or deeds of trust
on its franchises and property of all kinds, and may lawfully
accept the guaranty and endorsement of its bonds by any rail-
road company in this state, or any adjoining state or states,
and may indemnify and save harmless any such guarantor and
endorser of its bonds by contract of lease or consolidation for
the equipment, management and operation of its road by such
guaranteeing and endorsing company; and may lawfully con-
nect on the state line with any.railroad company in Tennessee
or Kentucky, and make advantageous traffic arrangements
with the same: provided, that this company shall not be leased
by or consolidated with a parallel or competing line: and pro-
vided further, that if this company should ever be consolidated
with any foreign corporation, in accordance with the provisions
of this section, the consolidated company shall always remain
a Virginia corporation in regard to the right of suing and be-
ing sued.

3. Work shall be commenced on said road within two years
after the passage of this act, and the road shall be completed
within three years thereafter, at least to the coal mines of Rus-
sell county, otherwise this charter shall be null and void.

4. All taxes, and other dues and liabilities to this common-
wealth, shall always be paid by said company, or its lessee or
associate company, in lawful money of the United States; and
the right to amend, modify, alter or repeal this charter, for a
non-compliance with its provisions, or with the general laws of
the state, is reserved to the state, at the pleasure of the general
assembly.

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