Chap. 142.—An ACT to incorporate the Warm Springs Valley Rail-
- road Company. —

Approved February 16, 1886.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books of subscription at the town of
Covington, in the county of Alleghany, under the direction of
Dennis Shannahan, William Skeen, O. T. Rogers, J. J: Hobbs,
Ro. L. Parrish, L. T. Dickey, J. B. Pitzer, J. A. McClung, A..
A. McAllister, Andrew Fudge, John T. Mann, Samuel Car-
penter, Hezekiah Massey, Lewis Payne, Geo. T. McClintic,
Jos. T. Fudge, J. R. England, E. M. Nettleton, or any five of
them; and at the Warm Springs, in the county of Bath, under
the direction of C. R. McDonald, J. A. August, W. G. Payne,
J. C. Kincaid, W. H. Bryan, Wm. M, McAllister, J. W. War-
wick, Colonel William McClintic, J. H. Sherrard, Junior, J.
W. Bonner, A. G. McGuffin, Senior, J. D. Hamilton, Jno. L.
Eubank, J. Cleck, Junior, J. F. Bratton, A. M. McClintic, Jo-
seph Baxter, A. H. Sittlington, Thomas B. Wallace, W. S.
McClintic, C. C. Francisco, H. C. Francisco, A. G. Cleek, Jno.
P. McDonnald, John W. Stephenson, M. H. McClintic, W. D.
Erwin, Jo. B. Dickinson, J. W. Warren, P. L. Yarborough,
and A. F. Withrow, or any five of them; and at the town of
Monterey, in the county of Highland, under the direction of
Adam Stephenson, Wm. Hevener, John W. Myers, L. H. Ste-
phenson, C. P. Jones, A. G. Bonner, John Trimble, John T.
Byrd, and J.C. Matheney, or any five of them, for the purpose
of receiving subscriptions to an amount not exceeding two
hundred thousand dollars, in shares of fifty dollars each, for
constructing and operating a narrow or standard gauge rail-
road from the town of Covington, in the county of Alleghany,
by the way of the Healing and Hot Springs, to the Warm
Springs, in the county of Bath, with the privilege of extending
said railroad, at the option of the company, by way of Mon-
terey, in the county of Highland, to the West Virginia line, in
the county of Pendleton. |

2. Whenever ten thousand dollars of the amount aforesaid
shall have been subscribed, the subscribers shall be and consti-
tute a body politic and corporate, under the name and style of
the Warm Springs Valley Railroad Company; and as such
shall be entitled to all the rights and privileges conferred by,
and subject to all the regulations and restrictions imposed upon,
works of internal improvement by the laws of Virginia, so far
as the same are applicable and not inconsistent with this act.

3. It shall be lawful to receive subscriptions to the stock of
said company from any connecting railroad company, or from
any mining or manufacturing company, or springs company,
in the state of Virginia. .

4. Subscriptions to the stock of said company may be made
by the counties of Alleghany, Bath or Highland, and the pro-
per authorities of said counties, or either of them, may cause
a vote to be taken therein on the question of said county sub-
scription, in accordance with the general law governing such
elections, at such time as the local commissioners of subscrip-
tion named in the first section of this act, and the company,
may ask such vote to be taken. The board of supervisors of
any county or counties voting such subscription as aforesaid,
shall make such subscription, and to this end may issue bonds,
bearing six per centum interest, of such denomination as said
authorities may determine.

5. It shall be lawful for said company to borow money for
the construction or repair of its road, and to issue bonds there-
for to an amount not exceeding five thousand dollars per mile
for every mile of road, and to secure the said bonds by mort-
gage upon its property and franchises.

6. It shall be lawful for the counties of Alleghany, Bath and
Highland, or either of them, to guarantee the payment of the
bonds which may be issued under the next preceding Section
or any part thereof, or to guarantee the interest of said bonds
or any part thereof, or to exchange their bonds for the bonds
to be issued or any part thereof, upon such terms as may be
agreed upon; but before any such guarantee of said bonds or
their interest, or any exchange of said bonds, or any part
thereof, is made, the sense of the qualified voters of such
county shall be taken, in the mode prescribed by law, on the
question ; and if a majority of the qualified voters of such
county, and three-fifths of those voting shall be in favor of
such guarantee or exchange, and if said majority shall include
a majority of the votes cast by the freeholders at such election,
then said guarantee or exchange shall be made by the board
of supervisors of such county: provided, that the amount of
obligations assumed under this section, when added to the
amount subscribed, in accordance with the provisions of sec-
tion four of this act, shall come within the limits prescribed by
the general law; and to this end either of said counties may
issue bonds, bearing six per centum interest, of such denomin-
ations as said authorities may determine.

7. It may be lawful for said company to lease its road to any
railroad company chartered by the state of Virginia.

8. The road herein authorized to be constructed shall be
commenced within two years, and completed to the Warm
Springs within five years from the passage of this act.

9. All taxes or dues due the state of Virginia, shall be paid
in lawful currency of the United States, and this act shall be
subject to amendment or repeal at any time by the general
assembly. |

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