Chap. 126.—An ACT to amend and re-enact an act entitled an act to incorpo-
rate the Bridgewater and forge granite and lumber company, approved
March 3, 1892, as amended by an act approved January 22, 1894, and to
amend the title thereto, so as to read the Fredericksburg lumber and granite
company. |

Approved January 23, 1896.

1. Be it enacted by the general assembly of Virginia, That an act
entitled an act to incorporate the Bridgewater and forge granite and
lumber company, approved March three, eighteen hundred and
ninety-two, as amended by an act approved January twenty-two,
eighteen hundred and ninety-four, be amended, and re-enacted so as
to read as follows:

Be it enacted by the general assembly of Virginia, That W. R.
Brown and Charles R. Sickels, Phillip Carpenter, W. F. Ficklen and
J. B. Ficklen, W. A. Little, Jr., and W. S. White, or such of them as
may accept this act, be, and are hereby, constituted a hody corporate,
under the name and style of the Fredericksburg granite and lumber
company, and under that name have perpetual succession and a com-
mon seal, which they may amend or alter at pleasure; shall sue and
be sued, implead and be impleaded, contract and be contracted with,
and have and exercise all the powers and privileges of a corporation
granted by the general Jaws of the commonwealth not inconsistent
with this act.

2. The capital stock of this company shall not be less than twenty-
five thousand dollars nor more than five hundred thousand dollars,
in shares of one hundred dollars each, and the directors may receive
real and personal property or services in payment of subscriptions
at such valuations as may be agreed upon. :

3. The said company is authorized and empowered to purchase,
hold, own, lease and control in any manner, grant, bargain, sell,
mortgage, convey and otherwise dispose of any real or personal estate
or standing timber in this state orelsewhere; provided said company
shall not hold more than two thousand acres of land in any one
county at thesame time; and to lay out said lands or any part thereof
into parcels or lots of convenient size, with intervening roads, streets,
lanes and alleys, and develop, work, improve, cultivate, or otherwise
use or dispose of same in such manner and upon such terms as the
company may think proper. |

4. The said company is authorized and empowered to mine and
quarry any stone or mineral substance, and to prepare and manufac-
ture the same for use and sale in gll manner of forms it may adopt ;
and to manufacture and prepare for market and sell timber, wood.
and stone, and all other raw materials, mineral or vegetable, and fo1
this purpose may erect and operate all kinds of mill-works, furnaces.
coke-ovens, and machinery of any and every description, for the en:
joyment of the privileges herein granted to the fullest and most
ample extent.

5. And it shall be lawful for said company to construct and oper.
ate one or more railroads, not exceeding fifty miles in length, from
any of their properties in the state of Virginia to any point on the
Rappahannock and Potomac rivers, the Virginia midland and the
Richmond, Fredericksburg and Potomac railroads, or on the line of
any other railroad hereafter to be built, which may pass through the
counties of Spotsylvania, Stafford, Orange, Culpeper and Fauquier,
and for these purposes the said company is authorized to-acquire the
right of way, by purchase or otherwise, according to the laws of Vir-
ginia, and also to acquire in like manner all such lands as may be
necessary for the complete equipment and construction of its roads,
stations, locks and dams; and the said company shall! have power toa
consolidate, lease out or connect its railways or canals with any line
of railway now or hereafter constructed in the aforesaid counties.

6. The said company may issue bonds at such times, and for such
amounts, as it may deem proper, either for the purpose of develop-
ing its property and facilitating its business, or constructing a rail-
road, and may execute mortgages on any part or all its property
and franchises, and upon its railroads, to secure the payment thereof.

‘7. The above named corporators shall be directors for the first
year, and shall select a president and appoint a secretary and treas-
urer, and the board shall have power to manage and control the af-
fairs of the company, and to adopt such by-laws and regulations as
may be enacted by the stockholders, and the time, place and manner
of holding meetings of stockholders, and the mode of conducting the
business, shall be fixed by the by-laws.

8. The board of directors may establish offices and agencies at
such places as they deem proper, but the principal office of the com-
pany shall be located at Fredericksburg, Virginia.

9. No stockholder in said company shall be held or made respon-
sible for its debts or liabilities in a larger sum than the amount of
any unpaid balance due the said company for stock subscribed by
the said stockholder.

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

11. This act shall be in force from its passage, but the general
assembly of the state of Virginia reserves the right to modify, alter,
or repeal this act at any time hereafter.