Chap. 360,.—An ACT to incorporate the Leesburg and Point of Rocks turnpike
company in the county of Loudoun and to authorize the road board of Lees-
burg district to appropriate road taxes to said turnpike company.

Approved February 17, 1898.

1. Be it enacted by the general assembly of Virginia, That it shall be
lawful to open books for receiving subscriptions to an amount not ex-
ceeding twenty thousand dollars in shares of twenty-five dollars each,
to constitute a joint capital stock company for grading, constructing
and macadamizing a turnpike road from Leesburg to a point on the
Potomac river where the bridge spans the same at the Point of Rocks,
in Maryland.

2. The books of subseription shall be opened under the superintend-
ence of Dr. Joseph M. Fox, Captain Arthur M. Chichester, Dr. C. 3
Carter, Edgar F. Burch, Samuel S. Lutz and FE. B. Harrison, or anv
three of them, at Leesburg, and it shall be lawful for said commissioners
to receive subseriptions in money, labor (to be expended on said road),
or any article of merchandise, trade or other property, common and
salable in the county at such prices and payable at such times as may
be agreed upon at the time the subscription is made between the com-
missioners and stockholders,

That when five thousand dollars shall have been subscribed the
stockholders, their executors, administrators and assigns, shall be and
they are here by, incorp orated into a company by the name and stvle of
the Leesburg and Point of Rocks turnpike company, subject to the pro-
visions of the laws of the state of Virginia in force at the passage of
this act (except as hereinafter provided ). The said company shall also
have power to make such by-laws and appoint such other officers as
they deem necessary and proper in the construction of said work.

4, That said company are hereby authorized to build and complete
the said turnpike road, from Leesburg to the Limestone branch on said
road, before they proceed further in any expenditures for said turnpike.
and when so completed from Leesburg to the Limestone branch, may
erect one toll-gate at the Leesburg end of said road, and charge such
tolls as are prescribed by the laws of Virginia for a full section of tive
miles.

5. It shall be lawful for the road board of Leesburg magisterial district
in Loudoun county (and said board is hereby authorized in their dis-
cretion) to appropriate from year to year (not exceeding ten years) sv
much of the taxes collected for road purposes from the owners of such
lands (so far as the same shall have been completed) as about on said
turnpike road, if the said road board shall deem such appropriation just
and proper, for the purpose of constructing and keeping in repair the
said turnpike road.

6. It shall be lawful for said turnpike company to borrow money for
the construction or repair of its road, issue bonds, and secure the same
bv mortgage upon its property and franchises, or otherwise.

This act shall be in force from its passave.