Chap. 554.—An ACT toincorporate the Falls Church, Fairfax and Manassas
railway company.

Approved February 28, 1896.

1. Be it enacted by the general assembly of Virginia, That J. E.
Willard, J. M. Love, R. W. Moore, Job Hauxhurst, I. W. Richardson,
and W. P. Moncure, of the state of Virginia, and such other persons
as they may associate with them, and their successors and assigns,
are hereby constituted a body politic and corporate in the name and
style of the Falls Church, Fairfax and Manaesas railway company,
for the purpose of constructing, equipping, and operating, either by
steam or electricity, a railroad from the town of Falls Church to the
town of Fairfax, and thence to the town of Manassas.
2. The capital stock of the company shall not be lees than five
thousand dollars nor more than fifty thousand dollars, and the par
value of each share thereof shall be one hundred dollars. Subscrip-
tions thereto shall be received under and according to such regula-
tions as the board of directors may see fit to make, and in payment
of subscriptions there may be taken labor, material, and property of
any description, as well as money, and it shall be lawful for said
company to hold all land so acquired, subject, of course, to the
general laws of the state.

3. The persona named in the first section hereof shall constitute
the company’s board of directors for the first two years after the pas-
sage of this act, and shall, as soon as may be, meet and select from
their number or other persons a president, secretary, and treasurer,
and such other officers as may be deemed necessary, and the said
board shall from time to time make such regulations as may be need-
ful for receiving subscriptions to the stock of the company, and shall
have the right to fill all vacancies. Upon the subscription of the
minimum capital stock and the payment of two per centum thereof, the
said company shall be considered fully organized, and the board of di-
rectors shall adopt all by-laws necessary to protect the interests of the
company and take such further action as its business may require.

4. The board of directors for the first two years after the passage of
this act shall exercise all of the powers of the company and do
whatever might be authorized by the stockholders; but there shall
be a general meeting of stockholders as soon as is practicable after the
expiration of the said period, on such date and at such place as may
be designated by the board of directors, or, in default of such desig-
nation, as may be designated in acall of stockholders holding to-
gether one-tenth of the capital stock, such call to be published once
a week for four consecutive weeks in some newspaper printed in one
of the aforesaid counties. At the meeting of the stockholders to be
so convened a new board of directors shal! be elected, provision shall
be made for the election of other officers, and such changes made in
the by-laws as may be thought advisable. There shall be such other
meetings of stockbolders as the by-laws may require.

5. The company shall have power to borrow money, and to that
end to issue bouds and secure the payment of the same by deed of trust
or mortgage on apy or all of its property and franchises, including
its rights to be acompany. It shall have power to lease its property
and franchises, and to improve and sell its real estate.

6. The company shall have power to connect or unite its railroad
with the line of any other railroad now or hereafter to be built; to
consolidate or merge its stock, property, and franchises, including
its right to be a company, with that of any other corporation, and to
subscribe to the stock of any other corporation.

7. The company shall commence the construction of its railroad
within two years and complete the construction of its main line
within five years from the approval of this act.

8. The general assembly reserves the right to amend or repeal this
act at any time hereafter.
_ 9. All taxes due the state shall be paid in lawful money, and not
in coupons.
10. This act shall be in force from its passage.