Chap. 375.—An ACT to incorporate the Fredericksburg and Valley
railroad company.

Approved March 3, 1886.

1. Be it enacted by the general assembly of Virginia, That
W. S. White, T. M. Cracken and M. D. Rowe, of the city of
Fredericksburg; C. C. Buckner, Jno. T. Payne and James W.
Thornton, of the county of Orange; Jno. B. Borst, G. B. W.
Nalle and Doctor James Scott, of the county of Culpeper;
Robt. S. Walker and Jno. L. Lightfoot, of the county of Madi-
son; and J. Horace Lacy and Thos. W. Waller, of the county
of Spotsylvania, or any five of them, their associates and suc-
cessors, are hereby constituted a body politic and corporate, by
the name of the F redericksburg and Valley railroad company,
and as such may have all the privileges, franchises and immu-
nities applicable to such a corporation.

2. The said company may construct and operate a railroad
from the city of Fredericksburg to a point in the valley of Vir-
ginia, at or near Harrisonburg, and passing through the counties
of Spotsylvania, Orange, Culpeper and Madison, and may build
branch lines to Orange Courthouse, Gordonsville and Culpeper
Courthouse.

3. The capital stock of the said company shall not be less
than two hundred and fifty thousand dollars, nor more than a
million, divided into shares of ten dollars each. When twenty-
five thousand dollars shall have been subscribed for, the said
company may organize in the mode usually adopted by such
companies. Stockholders shall be entitled to one vote for each
share of stock.

4. Counties through which the road shall pass may, by a vote
taken in accordance with the general laws of the state, subscribe
to the said railroad not less than twenty-five thousand, nor more
than seventy-five thousand dollars each: provided, that each
county thus subscribing shall be entitled to one director on the
board of directors of said company; and the county court when
petitioned by fifty voters shall order an election, according to
the mode prescribed by law.

5. It shall be lawful for said company to borrow money, and
to issue bonds and other evidences of debt, and to secure the
same by mortgages, deeds of trust, or otherwise: provided,
that the sum borrowed shali not exceed ten thousand dollars
for each mile of said railroad.

6. When the said railroad reaches tide-water, it shall be law-

ful for said company to build, hire or lease steamers, or steam-
boats, to run to or connect with the cities of Norfolk and
Baltimore, or either one of them.
“7, The said company shall have the power to purchase and
hold real estate for all the necessary purposes of said railroad.
It shall have its principal office in Virginia, and may have a
general office in such place without the state, as the stock-
holders may designate.

8. The said road shall be commenced within three years, and
finished in ten from the passage of this act.

_ g. This act is subject to modification, amendment and repeal

at the pleasure of the general assembly of Virginia, and this
corporation agrees to pay all taxes, debts and demands due to
the state of Virginiia in lawful money of the United States, and
not in coupons.

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