CHAP. 694.—An ACT to incorporate the Lynchburg, Keysville
and Atlantic railway company.

Approved March 8, 1892.

1. Be it enacted by the general assembly of Virginia,
That Oliver C. Wiggin, E. F. Daniel, W. T. Pugh,.A. J.
Millikin, A. L. Van Ness, H. C. Parsons, W. E. Niblett, M.
C. Cardoza, W. C. Winn, James M. Lawson, J. R. Clark,
W.D. Adams, and Alexander McDonald, or such of them
as may accept the provisions of this act, their associates,
successors and assigns, be, and they are hereby, incorpo-
rated and made a body politic and corporate under the name
and style of the Lynchburg, Keysville and Atlantic rail-
way company, and by that name shall be known in law,
and as such are authorized and empowered to locate, con-
struct, and operate a line of railroad of standard gauge
from the city of Lynchburg to Keysville, in Charlotte
county, and thence via Lunenburg court-house and Law-
renceville, in Brunswick county, to the North Carolina state
line in the direction of Weldon, North Carolina, or via Lu-
nenburg court-house from Keysville to Sussex court-house
and Isle of Wight court-hous to Norfolk. by the most
practicable and desirable route, with the pr:vilege of build-
ipg and operating branch railroads from such points on
either side or both sides of said routes as the company
may deem expedient.

2. The said company shal] have perpetual succession,
and have power to sue and be sued. plead and be implead-
ed, defend and de defended, in ail courts, whether at law
or in equity; and may make acd have a common seal, and
alter or renew the same at pleasure: and sha!] have and
possess and enjoy all the rights and privileges of a corpo-
ration or body politic under the law and necessary for the
purposes of this act.

3. The capital stock of said company shal] be one hun-
dred thousand dollars, and may. from time to time, with
the consent of the board of directors. be increased to an
amount requisite for the purposes of the said company by
issue and sale of shares of stock (the par value of which shall
be one -hundred dollars) from time to time, under such
regulations as the board of directors of said company may
prescribe; and the directors may receive cash, labor, ma-
terial, real and personal property, suited to the business of
the said company, in payment of subscriptions to the cap-
ital stock, at such valuations as may be agreed upon be-
tween the directors and the subscribers, and may make
such subscriptions payable in such manner and at such
times as may be agreed upon with the subscribers.

4. It shall be lawful for the company to acquire by con-
demnation, or by gift or purchase, Jand for right of way
for depots, stations, and other purposes necessary for the
successful construction and operation of its road through
any of the counties where it 1s 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 its board of directors may
deem expedient and prefer, and to secure the payment of
said bonds by mortgages or deeds of trust upon all or any

rtion of its property, railroads and franchises.

6. The said company shal] be required to commence the
construction of said railroad within three years from the
passage of this act, and to complete the construction of
the main Jine within five years thereafter, or otherwise
the powers, privileges and franchises hereby granted shall
be annulled.

7. 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.
8. That said company shall have full power and an.
thority to connect with or cross any other railroad or rail-
roads on its proposed lines, and also to purchase or lease
from any other railroad corporation any or all of its rea!
and personal property, privileges and franchises, with
power also to sell, lease or otherwise dispose of any or al.
of its property, real and personal, and its privileges and
franchises, to any other railroad corporation, or consol}:
date with any other railroad corporation in such manner
and upon such terms as may be agreed upon between such
railroad companies not inconsistent with the laws of this
Btate.

9. 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.

10. Any county, town, or city through or in which the
road of said company or any branch thereof may be
located may subscribe to the capital stock of said com-
pany in the mode prescrihed by law.

11. All taxes to become due by the company to the state
of Virginia shal] be paid in lawful money of the United
States, and not in coupons.

12. The general assembly reserves the right to alter,
amend or repeal this charter at its pleasure.

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