Chap. 359.—An ACT to incorporate the Lynchburg Belt railroad com-
pany.

’ Approved May 21, 1887.

1. Be it enacted by the general assembly of Virginia, That
John W. Daniel, Peter J. Otey, John D. Holt, Edmund
Schefer, John P. Pettyjohn, Max Guggenheimer, Junior, R.
T. Craighill, W. H. Ford, James W. Watts, R. H. T. Adams,
Stephen Adams, N. C. Manson, Junior, John W. Carroll,
Charles H. Bryant, Watkins L. Moorman, J. Risque Hutter,
P. A. Krise, J. Singleton Diggs, Mosby H. Payne, C. T. Plun-
kett, Charles M. Blackford, Alexander McDonald, E. J. Folkes,
J. C. Featherstone, M. N. Moorman, James I. Lee, John D.
~anghorne, EK. 8. Hutter, Charles G. Eddy, Thomas D. Evans,

rter Glass, John Kelly, W. H. Wren, or such of them as
may accept the provisions of this act, and such persons or
corporators as may become associated with them in the
manner hereafter provided, shall be and they are hereby
made a body politic and corporate by the name of the Lynch-
burg Belt railroad company; and by that name shall have all
the powers, rights, and franchises necessary and proper, in-
cluding the right to have real estate condemned to its uses
under the general provisions of the Code of Virginia; to
locate, construct, equip, and maintain a standard or narrow
gauge railroad, as said corporators may dcem best, said rail-
road to be located on a line running from a point at or near
the Virginia nail and iron works on James river above Lynch-
burg, and to a point on the line of the Norfolk and Western
railroad, or the Richmond and Alleghany railroad, east of
Lynchburg, or the Virginia Midland railroad, or connectin

with either of said railroads, and crossing the Norfolk and
Western and Virginia Midland railroads in its course; and
said line may be run into the corporate limits of Lynchburg.

2. The capital stock of said company shall not be less than
twenty-five thousand or more than one million dollars, to be
divided into shares of fifty or one hundred dollars each, as it
may decide; and whencver one hundred shares have been
subscribed and ten per centum paid thereon, under direction
of any five or more of the incorporators hereinbefore named,
the subscribers or stockholders, in person or by proxy, may
organize the company by electing a president, vice-president,
and a board of directors, and by electing or appointing such
other officers or agents as may be deemed necessary for the
management of such company’s affairs; and thereupon said
company shall have and exercise all the general powers,
privileges, and functions of a corporation, and be subject to
all the restrictions imposed by the laws of the State applica-
ble to railroad companies, except so far as the same may be
changed or modified by this act.

3. It shall be lawful for any three of said incorporators to
open books of subscription to the capital stock of said com-
pany in the city of Lynchburg, and at such other points as
a majority of said incorporators may designate, and it shall
be lawful to receive subscription for the construction of said
road in money, land, labor, or material, such as timber, stone,
lumber, or other supplies required in the construction of rail-
roads.

4. The said company shall have power to cross at grade,
unite, or connect with any line of railway now constructed,
or which may be constructed along the course of its line; and
for this purpose power is hereby granted to it and to any
connecting company to make such contracts as may be neces-
sary or proper to carry out the provisions of this section, and
that the said company shall always have its chief office in
the city of Lynchburg or Campbell county, Virginia.

5. It shall be lawful for the said railroad company to
receive subscriptions to its capital stock from any connecting
railroad company, or from the county of Campbell, or the
city of Lynchburg, and any such subscription by the said
county or city shall be made in the manner and subject to
the restrictions prescribed by the general laws of the State.

6. It shall be lawful for the said company to construct,
equip, and maintain lateral or branch roads of any gauge
whatever, not exceeding ten miles in length, which shall have
all the rights and powers and be subject to the restrictions of
the main line.

7. The said company shall be subject to all the provisions
of chapters fifty-six, fifty-seven, and sixty-one of the Code of
eighteen hundred and seventy-three, and the acts of assem-
bly amendatory thereof, so far as the same may be applicable
and are not inconsistent with the provisions of this act.

8. The said railroad shall be commenced within three
years and be completed within six years from the passage of
this act, and work may be begun on any portion of the line;
and said company agrees by the acceptance of this charter
to pay all its taxes in legal tender currency of the United

tates.

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