Chap. 452.—An ACT to incorporate the Falls Church and Potomac railway
company.

Approved February 26, 1806.

1. Be it enacted by the general assembly of Virginia, That W.
P. Graham, George P. Ives, N. F. Graham, Schuyler Duryea, Isaac
Crossmun, James M. Love, D. M. Chichester, O. E. Hine and Frank-
lin Sherman, of Fairfax county; William N. Febry, of Alexandria
county, Virginia; Austin Herr, George T. Dunlop and Arthur Crop-
ley, of Georgetown, District of Columbia, and such other persons as
may hereafter be associated with them or their successors, are hereby
constituted a body corporate and politic to be known as the Falls
Church and Potomac railway company.

2. The capital stock thereof shall be not less than twenty thou-
sand dollars nor more than one hundred thousand dollars, and shall
be in shares each of the par value of one hundred dollars.

3. Whenever the sum of twenty thousand dollars shall be sub-
scribed to said capital stock of this company, and two per centum
thereof paid upon each subscription in cash, lands, property, or
other thing of value, the subscribers to said stock who shall have
made such or greater payment shall be stockholders in said com-
pany, then they shall meet in the town of Falls Church, in Fairfax
county, and organize this company by electing from among the
stockholders not less than five nor more than nine persons, who
shall be the board of directors for and of this company. This board
of directors shall from among their own number select one of them
to be president of the company, and he shall also be president of
said board.

4. This corporation, through its board of directors, may constitute
such offices as it sees fit, and may fill the same with persons compe-
tent to discharge the duties appointed to be performed, and it in like
manner may appoint such agents, attorneys, employees, servants,
and others as may by the board be thought proper to carry on its
affairs, purposes and designs.

5. This company may receive from any person or corporation vol-
untary donations of lands, bonds, stocks, money, or other property
or thing in aid of the construction and equipment of its road, and
may hold and use any such property as part of its capital, and may
sell, hypothecate, or dispose of any real or personal property it may
acquire by deeds of conveyance, mortgage, deed of trust, bill of sale,
or other form of conveyance or writing which the board of directors
may direct to be executed by the president and secretary: provided
that the right of way, road-bed and franchises shall not in any man-
ner be disposed of without the consent of a majority of the stock-
holders.

6. It may also receive subscriptions to its capital stock in real
estate, labor, material or property of any and every sort from persons
or individuals, towns, counties or municipalities within or without
this state, and make such arrangement, contract and engagements as
it may desire to effect or agree upon for, about or touching the nego-
tiation, pledge, hypothecation, sale, endorsement, purchase, exchange,
or otherwise, of any real or other property, right, franchise or thing
it may own, possess, control, or have interest of any sort in, in order
to facilitate, complete and carry on its works and purposes not in-
consistent with the provisions in section five.

7. This company is hereby given power to locate, construct, stock,
equip, work and operate any wood or iron tramway or railroad of any
gauge the board of directors may elect or determine from a point at
or near the Potomac river, in Alexandria county, opposite the District
of Columbia ; thence through said county of Alexandria, to or through
the county of Fairfax, and through the towns of Falls Church,
Vienna, Fairfax Courthouse, Great Falls of the Potomac, or to either
or all of said points, or to any other point or points in the counties
of Fairfax, Prince William, or Loudoun that the board of directors
may deem advisable; provided that this act shall not be construed
to authorize the construction of a road to Mount Vernon, or upon the
Jand owned by the ladies’ Mount Vernon association.

8. Any county, municipality, or town through or in which the road
of said company, or any branch thereof, may be located may subscribe
to the capital stock of said company in the mode prescribed by law.

9. Said company shall have (subject to the general laws in force
in the code of eighteen hundred and eighty-seven not in conflict
herewith) the right to cross at grade, over or under, intersect, join,
or unite its railway with any other railway now built or constructed
or hereafter to be built or constructed, at any point on its route upon
the grounds of such railway company, with necessary turnouts, sid-
ings, switches, and other conveniences in furtherance of the object
of its construction.

10. Whenever any part or portion of its line or road is built and
ready this company may equip and operate the same as though the
whole was completed, and it may provide for transportation of pas-
sengers, freight, stock and all other things, and collest such charges
and tolls therefor as are proper or provided by law.

11. This company may issue shares of stock and may from time
to time declare such dividends thereon as may be inthe opinion of the
directors wise and proper, and may direct that the same be paid in
cash or in script, and to that end they may issue script in payment
thereof redeemable as they may determine. This company may
issue bonds or other evidence of indebtedness bearing a rate of inter-
est not in excess of six per centum per annum, and secure the same
by a deed of trust upon its real estate, properties, franchises, rights
and interests, and may negotiate and sell bonds or evidence of in-
debtedness, and it may sell the same for a less sum than the face
value thereof in order to raise money tocarry on its affairs and bet-
ter its condition, and may make such terms and arrangements con-
cerning the payment of interest thereon and for use of moneys bor-
rowed by it as it may see fit.

12. This corporation shall be subject to the general provisions of
the statutes in reference to chartered companies in this state when
not in conflict with this act,
18. This company shall make and use a common seal, and shall
have annual meeting of the stockholders, at which its directors shall
be elected, and such annual meetings shall always be at the place
where its central office for the transaction of its general business is
established, which shall be within the state of Virginia.

14, This corporation shall begin operations and work upon its road
within two years from January twenty-fourth, eighteen hundred and
ninety-six, and shall within five years thereafter complete the same.

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

16. All acts done in conformity with the original charter of incor-
poration of this company, as approved January twenty-fourth, eigh-
teen hundred and eighty-eight, are hereby ratified and confirmed.

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