Chap. 272.—An ACT to revive, amend and re-enact the charter of the
Farmville and Charlottesville railroad company.

Approved May 18, 1887.

1. Be it enacted by the general assembly of Virginia, That
the act in force the twenty-eighth day of March, eighteen
hundred and seventy-one, ax amended by the act in force the
thirteenth day of February, eighteen hundred and seventy-
two, incorporating the Farmville and Charlottesville railroad
company, be and the same is hereby revived, amended and
re-enacted as follows:

§ 1. It shall be lawful for Edmund W. Hubard, Alexander
T. Mosely, Camm Patteson, Micajah Woods, John B. Moon,
William B. Pettit, J. M. Nor vell, Charles M. Walker, S. H.
Bliss, and A. J. Terry, or any three of them, to open books
of subscription at such times and places in the State of Vir-
ginia as they may agree upon, to the capital stock of a com-
pany to build and operate a railroad from the county of Prince
Edward to some point in the counties of Albemarle, Fluvanna
or Nelson, as hereinafter provided.

§ 2. The name of said company shall be such combination
of local names, designating the termini of suid railway as
may be finally decided upon by the stockholders, and until
such decision it is to be the Farmville and Charlottesville
railroad company.

§3. Whenever twenty-five thousand dollars shall have beon
subscribed, the commissioners may, by notices published in
some newspaper or personally served, convene the sub-
scribers, who may thereupon organize the company; and
they and such other persons as shall be afterwards associated
with them, shall be a body politic and corporate, having all
the franchises, powers, privileges, and rights conferred by
this charter or incident to a railroad company under the laws
of Virginia and subject to all the conditions, limitations, and
restrictions tmposed thereby, except as berein provided.

S-f The capital stock shall be divided into shares of one
hundred dollars each, and shall not be less than two hundred
and fifty nor more than ten thousand shares of common stock ;
but the company may issue preferred stock not to exceed in
amount the maximum of its common stock. Subscription to
its stock of either class may be made in stock, bonds, or
money by other corporations or by individuals, or in mate-
rials, mac hinery, labor, or land ; and said company shall have
power to acquire and hold by subscription, gift, or purchase,
land (not exceeding two hundred thousand acres) for the ne-
Cessary purposes of its railroad or for immigration and devel-
opment of the country along its: line, and may sell or lease
said land: provided such power to acquire land shall not ex-
tend beyond the time of completion of its railroad, except as
to so much as may be necessary for the convenient dispatch
of the business and maintenance of its railroad.

§5. Any county, city, or town on or near the line of said
‘tilroad, may subscribe to its stock a sum not exceeding one
hundred thousand dollars. Such subscription shall be made,
if the affirmative vote thereon shall be at least equal to a
majority of the whole vote cast at the last preceding election
for governor in such county, city, or town, and shall be in
other respects than its aggregate such as is now required by
law. Upon application of the company to the Judge of such
county, or the proper authority of such city or town, and
production of satisfactory evidence that the company is duly
organized, such judge, or authority of such city or town, shall
cause an election to be held to take the sense of the qualified
voters on the question of such subscription in accordance
with the provision of law: provided that said company shall,
if desired so to do, receive at par in payment of such sub-
scriptions as muy be voted under this section, the bonds of
such municipal corporation carrying not more than six per
centum Interest, and baving not less than thirty-four years to
run.

§6. Said company may borrow money for any of the pur-
poses of its incorporation, and to this end may issue its pre-
ferred stock, preferred as to principal and dividends or either,
and may issue its bonds, and secure the same by mortgage or
deed of trust upon the whole or any part of its property rand
franchises.

§7. Said company may connect with the Virginia Midland
or Chesapeake and Ohio railroads at any point not further

east than Gordonsville, nor further west than Rock fish sta-
tion, as may be agreed, and with the Norfolk and Western
railroad at any point in Prince Edward county, and may ex-
tend their railroad south through the county of Charlotte to
Staunton river or to Keysville. It may cross any railway on
its line either at, above, or below grade as may be agreed
upon by the respective companies or be determined by the
board of public works.

§ 8. The said company shall organizo within one year, and
construct its railroad from some central point in the county
of Buckingham to one of the railroads named, or to the Rich-
mond and Alleghany or Buckingham railroads within five
years from the first day of July next. In the latter event,
its right to construct the whole line hereby authorized shall
in no respect be forfeited within ten years from such first-
named date.

§9. This act shall be in force from its passage: provided
that this act shall be subject to amendment, modification, or
repeal at the pleasure of the general assembly of Virginia,
and the company shall always pay its taxes in lawful moncy
of the United States and not in coupons.