Chap. 341.—An ACT to incorporate the Radford southern railroad and mining
company.

Approved February 14, 1898.

1. Beit enacted by the general assembly of Virginia, That George
W. Miles, W. R. Wharton, George B. Kimball, M. C. Armour, Richard
Wood, C. K. Mount, BE. W. Peck, John H. Washington, J. Custis
Peter, McClanahan, McIngles, J. Radford Peterson, J. H. Carper,
John Eckman, G. L. Carter, George E. Lester, Peter F. Shelton, C. M.
Stigleman, P. G. Lester, Winfield Scott, Burwell Akers, S. T. Turner,
J. S. Taylor, George M. Holstein and Rufus J. Woolwine, and their as-
sociates, or such of them as may accept the provisions of this charter
be, and are hereby, made and constituted a body politic and corporate,
under the name and style of the Radford southern railroad and mining
company; and as such are authorized and empowered to locate, con-
struct, equip and operate a railroad of standard or narrow gauge, com-
mencing at the most practical point on the Norfolk and Western railway,
in the city of Radford, in Montgomery county, as may be decided upon
by the stockholders of said company, and running thence along the
most practical Ime up the valley of New river and Little river to a point
near the mouth of Indian creck, passing near Floyd, Floyd county;
therce by the most practical route to Stuart, in Patrick county, or to
Rocky Mount, Franklin county, and develop the iron, copper and other
ores and timber lands along and near its route. The said company
shall have power to locate, construct, equip and operate any branch or
lateral line from its main line, not to exceed twenty-five miles in length,
and such tram-tracks as be required for its mining purposes.

2. The said company shall have perpetual succission and a common
seal, which it may renew or alter at will; may change its name, sue and
be sued, plead and be impleaded, contract and be contracted with, and
adopt by-laws, rules and regulations for the government of its officers
and employees not inconsistent with the laws of the United States or
the state of Virginia, and shall be subject to the general laws of Vir-
ginia governing incorporated companies and common carriers, except as
the same are not in conflict with this act.

3. The said company may receive subscriptions to its capital stock in
land, property, material, equipment, minerals, mines, labor, and so
forth, at such valuation and upon such terms as its board of directors
and the subscribers to its capital stock may agree; and may also accept
and receive any of the same as donations; it may also receive sub-
scriptions to its capital stock from associations, companies or corpora-
tions, and from any magisterial district, city or town, from, through or
to which said railroad may be constructed, subject to the provisions of
the laws of Virginia as applicable to such subscriptions, and authority
is hereby granted to any corporation, association, magisterial district,
county, city or town to subscribe to the capital stock of the said rail-
road.

4. The said company shall have the power to borrow money, to issue
preferred stock and to sell its bonds from time to time in:such manner

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and upon such terms as. its board of directors may think proper and
necessary in the prosecution of its work, and to secure the payment of
the said loans or bonds the said company may create one or more mort-
gages or deeds of trust on the whole or any part of its property, char-
tered rights and franchises.

5. The said company shall have the power to mine and dig for coal,
iron ore and other minerals and metals, anc remove and ell “the same,
and may cut and remove any timber on any of the lands to which it
may become legally entitled, and, by and with the consent of the stock-
holders, may sell or lease any of its lands.

The said company is authorized and empowered to acquire by con-
demnation, according to the laws of Virginia, the land required for the
rizht of way for its railroad and the lateral branches thereof, and for
all tram-tracks, sidings, turn-outs, depots and all other necessary pur-
poses of said railroad; to cross at surface grade over or under any rail-
road now built or constructed, or that may hereafter be built or con-
structed, subject to the provisions of the general laws of the state, and
may consolidate or connect with any line of railroad now constructed or
that may hereafter be constructed in the counties of Montgomery, Floyd,
Franklin, Patrick, Pulaski, Carroll or Grayson.

7. The said Radford southern railroad and mining company may
operate its railroad with either steam, electric or other “motive power as
its stockholders may elect.

8. For the purpose of organizing the said company the persons herein
named as corporators, or any of them, may receive subscriptions to the
capital stock of the said company at any time or place without adver-
tisement, and when the sum of five thousand dollars shall have been
subscribed they, or any five of them, shall convene the stockholders and
organize the company and certify the organization upon the books of
the company, and such certificate or copy thereof duly authenticated by
a notary public, shall be received as evidence of legal organization of
the said company.

9. The said company shall commence the construction of its railroad
at any point it may select between the terminal points hereinbefore
mentioned within two years from the first day of April, eighteen hun-
dred and ninety-eight, and shall complete the same within five years
from the said date.

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. The capital stock of the said company shall not be less than
twenty-five thousand dollars, to be divided into shares of the par value
of fifty dollars each, and may from time to time be increased by the
board of directors, with the consent of the stockholders, to an amount
not exceeding one hundred thousand dollars. Each subscriber to the
capital stock of the said company shall, in any meeting of the stock-
holders of the said company, have one vote for each share of stock so
subscribed.

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

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