Chap. 149.—An ACT to amend and re-enact an act approved May 6,
1887, entitled an act to incorporate the Mineral railroad company,
and to change the name to that of the Alexandria and Charleston
railroad company. ;

Approved February 18, 1888.

1. Be it enacted by the general assembly of Virginia, That
the act entitled an act to incorporate the Mineral railroad
company, approved May sixth, eighteen hundred and eighty-
seven, be amended and re-enacted so as to read as follows:

§1. That John P. Agnew, Park Agnew, M. B. Harlow,
Charles W. Ridley, John B. Smoot, Archibald Greenless,
Eppa Hunton, Jefferson Chandler, H. L. Horton, J. S. B.
Thompson, John R. Reavis, Frank A. Reed, Thomas Moore,
and L. W. Reid, and their associates, successors, and assigns,
be and they are hereby made and declared a body politic and

corporate by the name and style of the Alexandria and
Charleston railroad company, for the purpose of constructing,
equipping, maintaining, and operating a railroad between
some point on the Potomac river at the city of Alexandria,
and Charleston or such other point as the company may elect
on the West Virginia line within the counties of Rocking-
ham, Shenandoah, or Frederick. Said company shall have
perpetual succession and a common seal, which it may adopt,
alter, or renew at pleasure, and may sue and be sued, plead
or be impleaded, contract or be contracted with, and make
ordinances, by-laws, and regulations not inconsistent with
the provisions of this act, the laws of this state or of the
United States for the government of ite officers and agents
and the proper conduct of its affairs. The principal office of
the said company shall be in the city of Alexandria, Virginia.

§2. The capital stock of the company for constructing,
equipping, and operating that part of its road in the state of
Virginia, shall be one million of dollars, with power on the part
of the company to increase the same, not exceeding thirty
thousand dollars per mile for each mile of railroad which it
may construct under this act. All the shares issued by the
said company may be of the par value of one hundred dol-
lars, or fifty dollars each, at the option of the company.

§3. The said company may receive subscriptions to its
capital stock in cash, land, labor, materials, and equipment at
such valuation (if not in cash) as may be agreed upon between
the said company and the subscribers, and may make such
subscriptions payable in such manner and in such amounts
and at such time or times as may be agreed upon by said
company and its subscribers. And it shall be lawful for said

Google
company to receive and hold the title to all lands so acquired, R
and also to such lands as it may acquire by purchase or ji,
voluntary grant, subject to the general laws of the state.

§ 4. The said company shall be and is hereby authorized st
and empowered to survey, locate, construct, equip, maintain *"
and operate a line of railroad of standard guage—that is to G
say, not less than four feet eight inches wide, with a single
or double track from a point on the Potomac, river, at the
city of Alexandria, to a point on the West Virginia line, within
the counties of Rockingham, Shenandoah or Frederick; and
to that end the said company is invested with all the powers
conferred by the general laws of this state, and subject to all
the restrictions of the same relating to railroad companies R
and not inconsistent with this act.

§5. The said company shall have the power to borrow r&
money to such an amount as it may deem proper, after one °°
hundred thousand dollars of its capital stock has been sub-
scribed and two per centum thereof paid in cash; and to issue
for any loan, debentures, or bonds of the company, bearing u
interest not exceeding six per centum per annum, and to se- 8
cure the payment of such loan, or loans, principal and inter-
est, said company may execute one or more mortgages or M
deeds of trust upon the whole, or any part of its property, %
real, personal and mixed, its charter rights, franchises and
income.

§ 6. The said company shall have power to construct, equip x
and maintain lateral or branch railroads or tramways of any
guage whatever, not exceeding twenty miles each in length, !
which shall have all the rights and powers, and be subject to tr:
the same restriction as the main line; and shall have power P.
to acquire by purchase or lease, or by operating contract, any pe
railroad now built which would form a part of the line ofr
railroad herein authorized to be constructed, and by condem-
nation or purchase, to acquire and hold any road-bed or road-
way of any railroad company heretofore or now existing,
which has not been completed as was contemplated by the
charter under which the work on said roadway or road-bed
was begun or prosecuted.

§ 7. The said company shall have the power to connect P
with any other railroad in the state of Virginia by branch
road or otherwise, and to construct and extend its railroad
over any public highway in the state of Virginia, by permis-
sion of the authorities having legal charge of said public
highways.

§8. It shall be lawful for any incorporated company to aid A
in the construction of the said railroad, and for that purpose
may acquire the bonds of the company hereby created; and ti
the said company hereby created, may run, use, or operate by
lease, consolidation, or otherwise, any railway or transporta-
tion line, upon such terms as may be agreed upon between
them: provided this company shall not be leased or consoli- X
dated with a competing or parallel line: and provided further, w:
that if this company shall ever be consolidated with any for- o
eign corporation, in accordance with the provisions of this
section, the consolidated company shall always be a Virginia
corporation in regard to the right of suing and being sued.

§9. The corporators, herein mentioned, shall have all the
powers and authority of a president and board of directors
for the purpose of the organization of the said company, and
for all other purposes, until a president and board of directors
shall be elected at a stockholders’ meeting, and such meeting
shall be held upon such notice given in such manner as the
said corporators may deem proper, when one hundred thou-
sand dollars of the capital stock of the said company shall
have been subscribed.

§10. The said company shall have power to cross at grade
over or under, join or unite its railroad with any other rail-
road now built or constructed, or hereafter to be built or con-
structed within the state of Virginia, at any point on its
route and upon the grounds of such railroad company, with
the necessary turnouts, sidings, and switches, and other con-
veniences in furtherance of its connections, subject to the
general law of the state.

§11. The said company is required to commence the con-
struction of its said railroad in this state within three years,
and to complete the same within ten years from the passage
of this act.

§12. This act shall be subject to repeal, amendment, or
modification, at the pleasure of the general assembly, and it
is agreed that the said company will always pay its taxes in
lawful money of the United States or in gold.

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