Chap. 61.—An ACT to incorporate the Fredericksburg and Winchester railroad
company.

Approved January 22, 1894.

1. Beit enacted bv the general assembly of Virginia, That William
A. Little, junior, Thomas W. Harrison, Henry Fairfax, Henry H.
Downing, Channing M. Wood, Randolph G. Wood, David 8. Kamerer,
Alonzo Tripp and George Sellers, and their associates, successors
and assigns, be, and they are hereby, constituted and declared a body
politic and corporate by the name and ‘style of the Fredericksburg
and Winchester railroad company.

2. The capital stock of said company shall be thirty thousand dol-
lars, divided into shares of one hundred dollars each, and said capi-
tal stock may from time to time be increased by a vote of the holders
of a majority of the stock present at any annual or special meeting
to such an amount as they may from time to time deem needful.

3. It shall be lawful for any county, city, town or individual to
subscribe to the capital stock of said railroad company or any branch
thereof in the manner the law prescribes.

4. The said Fredericksburg and Winchester railroad company is
hereby authorized, empowered and permitted to locate, construct,
equip and operate a railroad of standard or narrow gauge, with one
or more tracks, having for beginning any point it may select on the
Potomac, Rappahannock or York rivers, between the York and Poto-
mac rivers; thence running west by any route the directors may
select, via the city of Fredericksburg or town of Falmouth, Virginia;
thence in a northwesterly direction by any route they may select to
the West Virginia state line.

5. Subject to the general railroad law of this state, it shall be law-
ful for the said company to cross, at grade, over or under any other
railroad now constructed or which shall hereafter be constructed
within this state, to construct lateral or branch roads not exceeding
twenty miles each in length, subject to the same limitations and re-
strictions as the main line.
6. It may unite its roads with any other roads in this state, or
that may hereafter be built; may enter the grounds of such rail-
roads with the necessary sidings, switches, turnouts, conveniences
and facilities as will aid in the furtherance of the construction of
the said railroad or facilitate the exchange or handling of passengers
and freight between the said railroad and other railways in this
state, but in all cases in which the said railroad company shall sub-
ject the real estate of any other company to its uses, or acquire any
of the same, it shall be in the mode prescribed by law.

7. The said company shall have power to issue and sell bonds at
such times and on such terms as the directors may deem expedient ;
or to borrow money in such sums as they may deem necessary to
carry on its work, and in order to secure the payment of its bonds or
the re-payment of the money so borrowed, may create mortgages or
deeds of trusts on its chartered rights, franchises and property.
And the said company may receive as subscriptions to its capital
stock any real or personal property that may be agreed upon between
the said company and the subscribers, and may exchange its bonds
for such property; and such property may be chartered rights and
franchises, and it may hold, sell, improve or convey in such manner
as to the company may seem best, any real estate so acquired.

8. The said company may own, charter or otherwise operate or
employ boats, barges, lighters and vessels of any kind, propelled by
steam or sail, or otherwise, or moved by such agencies, in order to
facilitate and meet the demand of trade and commerce along its line
of road, and in conjunction therewith to acquire and hold, by pur-
chase or lease, or by condemnation, in the mode provided by law in
such cases, such Jands on the Potomac, Rappahannock or York rivers
as said company may deem necessary for wharves and yards for the
delivery and storage of coal and other articles of freight and com-
merce.

9. That any mining, manufacturing or other corporation may sub-
scribe to, guarantee or hold the stock or bonds of said company, and
said company shall have the right to subscribe to, guarantee or hold
the stock or bonds of any mining, manufacturing or other corpora-
tions and shall have power and authority to conduct, operate and
own such mines, mining or manufacturing operations, either by
steam or any other power, as they may deem best for the interests of
said corporation, with power to prepare for market, sell and dispose
of the products of the same.

10. Subject to the laws of this state, the said railroad company
may consolidate, lease, purchase and acquire the franchises, works,
privileges and property of any other railroad company now existing
in this state or hereafter built, or it may consolidate with, lease, pur-
chase or acquire the franchises, works, privileges and property of any
other railroad without this state, whose lines will thereby be made
to connect with or be operated in connection with the railroad here-
by authorized to be built, and any railroad company heretofore in-
corporated in this state, the line of which connects with or will con-
nect with the railroad hereby incorporated and authorized to be con-
structed, or which lies along its route and could be utilized as a part
of its lines, or in lieu of such branch roads as this company may
construct, is hereby authorized to sell, to lease or convey its works,
property, privileges and franchises to the Fredericksburg and Win-
chester railroad company on such terms as the stockholders of the
respective corporations shall agree.

11. The incorporators named in this act shall constitute the board
of directors for the first year, and shal] continue in office until their
successors shall be elected and qualified.. They shall have power
und authority of a president and board of directors for the purpose
of organization, and for all other purposes incident thereto. They
shall elect one of their number president of the board, and may ap-
point such officers as they deem proper. They shall fill any vacancy
that may occur in the board or in the office of president, and may
receive subscriptions to the capital stock of the company. When-
ever five thousand dollars of the capital stock shall have been sub-
scribed, the board of directors shall proceed to organize the company
by the election of a president, vice-president, secretary, treasurer
and such other officers and agents as may be required.

The said company shall then be considered legally organized, and
shall have all the general powers conferred upon corporations and
chartered companies by the laws of this state, and shall be subject
to all the provisions thereof, except in so far as the same are modi-
fied or are inconsistent with this act.

12. The board of directors of this company are authorized, at any
meeting when the majority of the directors are present, if they deem
it advisable, to change the name of this company.

13. All taxes which may be assessed against said company shall
be paid in lawful money of the United States, and not in coupons,
and the said railroad company shall be taxable on all railroads
owned by it or upon which it pays taxes, in proportion to the length
of such railroads within this state respectively, and the said railroad
company shall be taxable only on the proportion of dividends on its
capital stock and upon net earnings or income, only in proportion to
the amount actually earned by it within the state of Virginia, and
upon its earnings or income derived from its business beyond the
limits of this state shall not be liable for taxation within the state.

14. The construction of said road shall be begun in two years from
the first day of April, eighteen hundred and ninety-four, and com-
pleted in five years thereafter.

15. This act shall at all times be subject to amendment, alteration
and repeal by the general assembly of Virginia.

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