Chap. 765.—An ACT to incorporate the Rappahannock valley railway
company.

Approved March 6, 1900.

se it enacted by the general assembly of Virginia, That James
hompson, of Hartford, Connecticut; P. V. D. Conway, W. 8S.
ay, U. J. Jennings, and William McCrea, or such of them as shall
the provisions of this act, and such other persons as may hereat{ter
oclated with them, their successors and assigns, be, and they are
y. declared to be a body corporate and politic, by ‘the name and
of the Rappahannock valley railway company, and by that name
ue and be sued, plead and be impleaded in all the courts of law and
in this state or elsewhere, and shall have perpetual succession and
make, and use a common seal, and the same to break, alter, and
at their pleasure; to ordain and publish such by-laws , ordinances,
-gulations as they may think proper and wise, and generally to do
act and thing necessary to carry this act into effect, or promote
esign of this corporation; and this corporation shall have all the
, powers, and privileges conferred by and be subject to all the
ions of the general laws of Virginia, in reference to corporations
hartered companies, so far as the same may be applicable to and
consistent with the provisions of this act.
Ihe capital stock of this company shall not be less than ten thou-
dollars, nor more than twenty-five thousand dollars, divided into
; of one hundred dollars each, and the subscriptions to the stock
d company may be paid in land or other property—real, personal,
xed—leases, options, rights of way, and other rights or easements;
or services, machinery, materials, stocks, bonds, and other securi-
' individuals or other corporations or industrial companies or manu-
‘les, at such valuation as may be agreed on in each case by the
3 and the board of directors of said company. It shall be lawful
her corporations to subscribe to the capital stock of this company,
herwise become holders of said stock and of the bonds or other
ities of this company, and this company may, in like manner, hold
s of stock in any other corporation or company in all respects as a
te individual.
A majority of the persons named as incorporators in the first section
is act, who shall accept the provisions of this charter, may, at any
and place upon due notice, receive private subscriptions to the
11 stock of this corporation, and they may also, in their discretion,
books for subscriptions to such capital stock, at such time or times,
it such place or places, and after such notice as they may deem
r (and it shall not be necessary for any money to be paid upon
riptions to the capital stock of this company at the time of sub-
ng). And, as soon as said minimum amount of capital stock shall
been subscribed for, the subscribers of those holding a majority of
apital stock of this company shall have full power and authority tc
a general stockholders’ meeting without giving any notice thereof.
such meeting shall constitute a lawful and valid general stock-
Ts’ meeting at which business of any and every character may be
transacted. The annual meeting of the stockholders of this company
shall be held thereafter at such time and place as the said stockholders
In general meeting may appoint and a general meeting of the stock-
holders of this company may be held at any time and place upon the call
of the president, or of the board of directors, or of the stockholders
owning together at least one-tenth of the capital stock; and the annual
or any called stockholders’ meeting under this section may be held after
first giving five days’ notice of the time and place thereof by publica-
tion in some newspaper published in the city of Fredericksburg, Virginia.
In all meetings of the stockholders, each stockholder shall cast one vote
for each share of stock held by him. No stockholder shall be liable on
account of his stock further than for any unpaid subscriptions he may
own thereon. The principal office and general office of said company
shall be in Fredericksburg, Virginia.

4. The board of directors shall consist of five members, who shall
choose a president from their number, and may appoint such agents or
officers as they may deem necessary or proper; but said stockholders, in
general meeting, may increase the number of directors.

5. The board of directors shall have power to borrow money, and from
time issue bonds of not less than one hundred dollars each, and
may secure the said bonds by one or more mortgages or deeds of
trust upon all its property, franchises, and income or such part thereof
as may be mentioned in said mortgages or deeds of trust.

6. The said company is hereby authorized, empowered, and permitted
to locate, construct, equip, and operate a railway or railroad within the
corporation of Fredericksburg, with the consent of the council thereof,
and from Fredericksburg as the western terminus to Tappahannock in
Essex county, as the eastern terminus, running its line through the
counties of Spotsylvania, Caroline, King and Queen, and Essex, by such
route as the board of directors may determine, and to run a branch
line from Fredericksburg east along the Rappahannock river through
the counties of Stafford and King George, or to Colonial beach in King
George county. The road may be run along, parallel, and across the
streets of Fredericksburg with the consent of the council, and along,
parallel, and across the roads of the said counties, by and with the
consent of the judges and board of supervisors of the said counties. It
may operate its railway by electricity, steam, or any other motive
power.

7. Subject to the general law of this state, it shall be lawful for the said
company to run its line over and across any other railroad or railway
along its line in the mode prescribed by law, and the said Rappahannock
valley railway company shall have power to acquire, by purchase, lands
to an amount not exceeding five acres in any one county, and said com-
pany shall have further power to acquire, by condemnation or purchase,
such land as may be necessary for the construction of its road-bed, and
to acquire a proper and needful might of way.

8. And to provide for the probable enhancement of the value of the
properties of the said company, it shall be lawful for the circuit court
of Fredericksburg upon the request of the board of directors of the said
company, accompanied by a certificate of the treasurer of Virginia, that
the said company has paid to him the proper proportionate sum as set
forth in the acts of eighteen hundred and ninety-seven and ninety-eight,
page six hundred and seventy-eight, and so forth, to authorize an increase
of said stock to correspond with additional tax paid into the state treas-
ury, and the board of directors of said company may thereupon issue
such additional shares of stock and sell or otherwise dispose of the
same at such price below its par value as may be fixed and agreed to by
them, receiving payment as set forth in section two of this act.

9. Work shall begin on said road within two years and it shall be con-
pleted within five years.

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