Chap. 491.—An ACT to amend and re-enact sections 6 and 10, chapter
228, Acts of Assembly, 1883 and 1884, entitled an act incorporating
the Farmville and Powhatan railroad company.
ting the Farmville and Powhatan railroad company, be
amended and re-enacted so as to read as follows:
§6. The counties of Buckingham and Prince Edward may
subscribe to the capital stock of said company under the fol-
-lowing restrictions: The amount of the subscriptions to the
capital stock of said company shall not exceed three thou-
sand dollars per mile for each and every mile proposed to be
constructed within such county. The said railroad company
shall state in open court the maximum number of miles pro-
posed to be built, and also as nearly as possible the location
of the termini of the section of the railroad within such county
when applying to the court for an order to submit to the peo-
ple the question of subscription; and polls shall be taken in
such county in the manner set forth in sections sixty-two and
sixty-three of chapter sixty-one, Code of eighteen hundred
and seventy-three; and if it shall appear by the report of the
board of commissioners appointed for the purpose, that three-
fifths of the qualified voters of such county, voting upon the
question at such election, are in favor of such subscription,
and that said three-fifths includes a majority of the votes cast
by freeholders at such election, the county court of such
county shall, at its next session, enter of record an order re-
quiring the supervisors of such county, at their next regular
meeting or adjourned meeting thereof, to carry out the wishes
of the voters as expressed at such election. Thereupon, the
said board of supervisors shall appoint agents to make sub-
scription, which subscription shall be paid as called for by the
Farmville and Powhatan railroad company, in bonds of such
county, conditioned as follows: The principal of said bonds
shall become due in thirty years: provided, a railroad bed is
graded in said county between the termini, as set forth by the
railroad company in its application to the county court for an
order for election; but the said bonds shall be void and as if
they had never been made, unless the railroad be graded as
proposed within two years from the date of the delivery of
the bonds to said company: provided however, that no bonds
shall be delivered to the said company until the number of
miles between the proposed termini on the route indicated by
the company’s engineer, shall have been ascertained by the
county surveyor and reported to the agent or agents ap-
pointed to make subscription, and if the actual mileage be
less than the number estimated by the railroad company in
its application to the court to have a vote taken on the ques-
tion of subscription, a subscription shall be made in ac-
cordance with the report of the county surveyor, at the
aforesaid rate of three thousand dollars per mile, but in no
event shall the subscription exceed the maximum amount
voted by the people. Said bonds shall be signed by the chair-
man of the board of supervisors and attested by the clerk of
the court. The rate of interest on said bonds shall be six
per centum per annum, and shall only commence from the
date of completion of the grading of the railroad as pro-
posed. On the completion of the grading of said railroad as

proposed, the conditional bonds shall be exchanged for cou-
pon bonds, stating that the sum due is for value received,
aggregating a like amount, with similar conditions as to rate
of interest and time and place of payment of principal and
interest, and on such exchange being made, there shall be
delivered to such county, certificates of stock of the Farm-
ville and Powhatan railroad company, for an amount equal to
that of the coupon bonds delivered.

§ 10. The said company shall have power to construct, |
maintain, and operate extensions and branch roads not ex- ,
ceeding fifty miles each in length, from the main line of the
aforesaid railroad and its leased line—the Brighthope rail-
road—or from any point or points thereon.

2. All acts inconsistent herewith, are hereby repealed, so
far as the same are inconsistent with this act.

3. This act shall be in force from the date of its passage. .