CHaP. 581.—An ACT to incorporate the Radford Little River
railroad company.

Approved March 4, 1890.

1. Be it enacted by the general assembly of Virginia,
That John F. Cowan, James L. Radford, William Ingles,
J. Hampton Hoge, Frederick J. Kimball, W. W. Justice,
Joseph I. Doran, Charles H. Mellon, R. Etting, and Archer
A. Phlegar, or such of them as may accept the provisions
of this act, their associates, successors, and assigns, be,
and they are hereby, incorporated and made a body poli-
tic and corporate under the name and style of the Rad-
ford and Little River railroad company, and by that name
shall be known in law, and as such are authorized and
empowered to locate, construct, and operate a line of rail-
road from some point at or near Radford, in the county of
Montgomery, and running thence through Montgomery
county, along or near the Little river or any of its
branches, to such point in Floyd county as may seem
most suitable to the directors of said company.

2. The said company shall have perpetual succession,
and have power to sue and be sued, plead and be im-
pleaded, defend and be defended in all courts, whether at
law or in equity, and may make and have a common seal,
and alter or renew the same at pleasure, and shall have
and possess and enjoy all the rights and privileges of a
corporation or body politic in the law and necessary for
the purposes of this act.

3. The capital stock of said company shall not be legs
than fifty thousand dollars, and may from time to time,
with the consent of a majority of the stockholders, be in-
creased to an amount requisite for the purposes of said
company by issue and sale of shares, the par value of
which shall rot be less than fifty thousand dollars, from
time to time, under such regulations as the board of direc-
tors of said company shall from time to time prescribe:
and the directors may receive cash, labor, material, real
and personal property suited to the business of said com-
pany, in payment of subscriptions to the capital stock, at
such valuations as may be agreed upon between the direc-
tors and the subscribers, and may make such subscriptions
payable in such manner or amounts at such times as may
be agreed upon with the subscribers.

4. It shall be lawful for the company to acquire by do-
nations or purchase land for right of way, depots, stations,
and other purposes necessary for the successful construc-
tion and operation of its road through any of the coun-
ties where it is authorized to construct its line of road.

5. It shall be lawful for said company to borrow money
or issue and sell its bonds from time to time for such sums
and on such terms as the board of directors may deem expe-
dient and proper, and to secure the payment of said bonds
by mortgages or deeds of trust upon all or any portion of
its property, railroads, and franchises.

6. The said corporation is authorized and empowered,
by such route or routes as it may select, to locate, con-
struct, epuip, and operate such lateral or branch roads (or
extensions) as may be necessary for the accommodation
of the public, and to bring out ores of copper, iron, and
other minerals in the counties of Montgomery and Floyd
and any adjoining county, or to connect with any other
railroad that is now or may hereafter be constructed in or
to said counties.

7. The said company may acquire by condemnation, ac-
cording to the laws of Virginia, the lands required for the
right of way of its railroads and the necessary stations
and depots for its operations, and may connect or unite its
railroad with that of any other railroad company now or
hereafter constructed in or to any of the counties here-
inbefore mentioned, or consolidate or merge its stock,
property, and franchises with those of any company
operating or authorized to operate a connecting line of
railroad, not a competing line, or sell its line of railroad
to such company upon such terms as may be agreed upon
by the board of directors of the companies so uniting or
consolidating; and for that purpose power is hereby given
to it and to such other company or companies to make
and carry out such contracts as will facilitate and con-
summate such connection, merger, or consolidation, or
sale: provided, that a copy of every such contract or con-
solidation and merger or sale be filed in the office of the
board of public works.

8. The said company shall be required to commence the
construction of said railroad within two years from the
passage of this act, and to complete the construction of
the main line within five years thereafter, or otherwise
the powers, privileges, and franchises hereby granted shall
be annulled and become void.

9. The persons first named in this act, or such of them
as shall accept the provisions thereof, shall have the power
and authority of a president and board of directors for
the purpose of organizing and all other purposes. They
shall constitute the board of directors for the first year,
and shall continue in office until their successors shall be
elected and qualified. Each stockholder in the company
shall, at all meetings or elections, be entitled to one vote
for each share of stock registered in his name.

10. The board of directors shall be stockholders of said
company. They shall appoint one of their number presi-
dent, and may fill any vacancy that may occur in said
board, unless by removal, in which case the same shall be
filled by the stockholders in general meeting. Whenever
twenty-five per centum of the capital stock shall have
been subscribed, and the board of directors shall have
elected a president, said company shall be considered le-
gally organized and may proceed to the transaction of
business.

11. The board of directors may establish offices and
agencies at such places as they may deem proper, but the
principal office of the company shall be located in this
state.

12. All taxes due the commonwealth by said company
shall be paid in lawful money of the United States and
not in coupons.

13. This act shall be in force from its passage, but the
general assembly of the state of Virginia reserves to itself
the right to modify, alter, or repeal this act at any time
hereafter.
CHapP. 582.--An ACT to amend and re-enact section 6 of an act
entitled an act to incorporate the Mecklenburg toll-bridge com-
pabpy, approved February 18, 1888.

Approved March 4, 1890.

1. Be it enacted by the general assembly of Virginia,
That section six of an act entitled an act to incorporate
the Mecklenburg toll-bridge company be amended and re-
enacted so as to read as follows:

86. The construction of said bridge be commenced
within four years and completed within six years from
the passage of this act, and upon its completion the said
company shall have the right to fix and determine the rate
of tolls for crossing thereon, and to collect the same.

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

tr re

CuapP. 5838.—An ACT to authorize the board of supervisors of
Alexandria county to increase the road levy of said county.

Approved March 4. 1890.

1. Be it enacted by the general assembly of Virginia,
That the board of supervisors of Alexandria county be,
and they are hereby, authorized to increase the annual
levy for road purposes upon the property, real and per-
sonal, assessed for taxation in the several magisterial dis-
tricts of said county, so that such tax be not less than
fifteen nor more than fifty cents upon every one hundred
dollars in value of such property; and the same shall be
collected, expended, and accounted for as provided in
chapter forty-three of the code of eighteen hundred and
eighty-seven. .

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

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