CHAP. 635.—An ACT to incorporate the Jonesville railway com-
pany.

Approved March 8, 1892.

1. Be it enacted by the general assembly of Virginia,
That H. J. Morgan, B. H. Sewell, C. T. Duncan, J. A. G.
Hyatt, H. C. T. Richmond, C. Slemp, Harvey Young, M.
S. Ball, E. W. Pennington, H.C. Joslyn, A. M. Goina, A.
W. Cook, A. M. Brown, J. R. Gibson, C. A. Russell, W. N.
McNeil, D. O. Woodward, M. C. Parsons, E. S. Woodward,
B. F. Kincaid, J. B. McLin, C. E. Baylor, I. S. Anderson,
Wright Stickley, Carr Bailey, E. W. R. Ewing, E. W. Pen-
nington, William S. Hurst, L. C. Shelburn, S. 8S. Sergner,
and J. M. Tate, of Lee county, Virginia; R. A. Ayres, J.
B. Richmond, and Patrick Hagan, of Scott county, Vir-
ginia; E. M. Fulton, C. F. Flanary, J. K. Laggart, J. B. F.
Mills, W. S. Mathews, and W. E. Harris, of Wise county,
Virginia, or such of them as may accept the provisions of
this act, their associates, successors, and assigns, be, and
they are hereby, constituted a body corporate and politic
by the name of the Jonesville railroad company, and as such
shall have all the privileges, rights, franchises, and immu-
nities granted to or possessed by railways chartered under
the laws of Virginia.
2. The said company may construct, equip, and operate
a railroad, either narrow or standard guage, from some
point on the Cumberland valley extension of the Louis-
ville and Nashville railroad between Pennington gap and
Hubbard springs, in Lee county, Virginia, to a convenient
point at or near the town of Jonesville, and thence through
said county to a point on the Virginia and Tennessee state
line at or near Mulberry gap.

3. Said company shall have perpetual succession, and a
common seal, which it may renew or alter at pleasure;
may sue or be sued, plead or be impleaded, contract or be
contracted with; may adopt ordinances, by-laws, and regu-
lations not inconsistent with the laws of the state of Vir-
ginia for the government of its officers and agents and
the proper conduct of its business.

4. The capital stock of said company shall not be less
than twenty-five thousand dollars, which it may increase
from time to time to one million dollars, to be divided
into shares of twenty-five dollars each, and each share
shall be entitled to one vote.

5. Subscriptions to the capital stock of said company
may be made in money, labor, materials, or lands, and said
company may acquire lands by gift or purchase, and shall
have power to sell and convey the same: provided that
the amount of land which said company shall own at any
one time shall not exceed two thousand acres.

6. The cérporators herein named, or such of them as
shall accept the provisions of this act, by themselves or
under the supervision of such person or persons as they
may designate for the purpose, may open books for sub-
scription to the capital stock of said company and keep
the same open as long as they deem proper, and when
twenty-five thousand dollars is subscribed said company
Bhall organize by the election of a president, secretary,
and treasurer, as hereinafter provided. |

7. It shall be lawful for the county of Lee, by vote taken
in accordance with the general laws of the state, to sub-
scribe to the capital stock of said railroad a sum not ex-
ceeding twenty-five thousand dollars, and it shall be the
duty of the judge of the county court of said county,
when petitioned by fifty voters of said county, twenty-five
of whom shall be freeholders, to order an election to be
held submitting said subscription to the qualified voters
of said county in the mode prescribed by law. The
amount for which the subscription is asked shall be fixed
by said judge in his order: provided, however, that the
same shall not be fixed at a sum less than ten thousand
dollars.

8. It shall be lawful for said company to borrow money
and to issue bonds and other evidences of debt, and to
secure the same by mortgages, deeds of trust, or other-
wise: provided, however, that the sums borrowed shall
not exceed ten thousand dollars for each mile of said
road.

9. The said company may acquire by gift, purchase, or
condemnation pursuant to the lawsof Virginia, any lands
required for the right of way of its railroad and the nec-
essary stations and depots for its operation, and may con-
nect or unite its road with the Louisville and Nashville
railroad and any other railroad hereafter constructed in
said county.

10. The first named nine persons in section one of this
act who shall accept its provisions and participate in
the organization of the company shall constitute the first
board of*directors of' said company, from whom they may
elect a president, secretary, and treasurer, and shall be
vested with all the powers, rights, privileges, and franchises
of said corporation, together with all the powers, duties, and
obligations of such boards and officers of like corpora-
tions, and shall continue in office until superseded by the
election of officers in stockholders’ meeting.

11. As soon as twenty-five thousand dollars or more
have been subscribed to the capital stock of said company
it shall be the duty of the president to call a general
meeting of the stockholders of said company, to be held
in the town of Jonesville, at which meeting there shall
be a regular election of president, secretary,*and treas-
urer, and such other officers as may be prescribed by the
by-laws.

12. The board of supervisors of Lee county, by and with
the approval of the county court of said county, may make
requisition upon the governor of Virginia for not exceed-
ing one hundred convicts, whose terms of service in the
penitentiary at the time of said requisition do not exceed
five years. Said convicts, when received, may be turned
over by said board of supervisors to said company, to be
used by said company in grading and constructing said
railroad. The hiring, working and keeping said convicts
shall be governed by the statute of Virginia in such casea
made and provided; and it shall be the duty of the gov-
ernor, upon such requisition being received by him, to
furnish and turn over to said board of supervisors such
able-bodied convicts as may then be in the penitentiary,
not exceeding one hundred.

13. Said company shall commence the construction of
its road within two years, and complete the same to the
town of Jonesville within five years from the first day of
January, eighteen hundred and ninety-two, otherwise the
rights, privileges and franchises hereby granted shall cease.

14. All taxes, debts, dues and demands of the state of
Virginia against said company shall be paid in lawful
money of the United States, and not in coupons.

15. This act shall be in force from its passage, but the
general assembly reserves to itself the right to amend or
repeal it at pleasure.