Chap. 306.—An ACT to amend and re-enact sections 2, 6, 9, 11, and 12 of an act
approved March 2, 1900, entitled an act to amend and re-enact an act entitled
an act to incorporate the Richmond and Tidewater Railroad Company, approved
March 3, 1898.

Approved March 25, 1902.

1. Be it enacted by the general assembly of Virginia, That sections
two, six, nine, eleven, and twelve of an act approved March second,
nineteen hundred, entitled an act to amend and re-enact an act entitled
an act to ineorporate the Richmond and Tidewater Railroad Company,
approved March third, eighteen hundred and ninety-eight, be amended
and re-enacted so as to read as follows:

§ 2. The said company shall have the power and authority to locate,
construct, maintain, equip, and operate a standard gauge railroad, with
such number of tracks as it may desire, from any point on the Chesa-
peake bay or its estuaries between the York and Rappahannock rivers,
or from any point on the York and Rappahannock rivers, by the most
practicable route to such point or points on the West Virginia line, in or
between the counties of Frederick and Bath, as it shall deem advisable;
the said railroad, either by its main line or branch line, may extend to
and through the city of Richmond, by and with the consent of the city
council of said city. The said company shall have the power to con-
struct branch or lateral lines not exceeding twenty-five miles in length.
Nothing herein contained shall be construed as authorizing said com-
pany to construct a line to parallel the Richmond, Fredericksburg and
Potomac railroad from Richmond to Quantico.

§ 6. The capital stock of said company shall be not less than twenty-
five thousand dollars nor more than five hundred thousand dollars, to
be divided into shares of the par value of one hundred dollars each, and
the issue and sale of shares, preferred or common stock, or both, shall
be upon such terms and conditions as the board of directors of said com-
pany shall preserfbe, and the directors may receive cash, labor, materials,
bonds, stock, or real or personal property in payment of subscriptions to
the capital stock at such valuation as may be agreed upon between the
directors and the subscribers, and shall make such cash subscriptions pay-
able in such manner and amounts and at such times as may be agreed
upon with the subscribers. It shall be lawful for the circuit court of the
city of Richmond, or of any city or county through which the said road
may run, upon petilion of the president and board of directors, at any
time, to order an inerease of the capital stock bevond the maximum
amount herein named, upon the prepayment into the State treasury or
to the auditor of publie accounts of the proper charter fee tax for such
increase of stock. Any city, town, or county through which said road
may pass may subscribe to the capital stock of said road. Any subserip-
tion heretofore or hereafter made to the capital stock of said road by
anv of the counties through which it passes shall be upon such conditions
as the board of supervisors of the respective counties may prescribe.

§ 9. The said company shall have the power to borrow money for its
purposes in such amounts as it may deem expedient, and may issue, sell,
or negotiate its bonds or other evidences of indebtedness for such price
and on such terms as the board of directors may direct, and may secure
the same by one or more mortgages or deeds of trust upon its road, road-
bed, franchises, incomes, and other real, personal, and mixed property,
including its franchise to be a corporation, or upon such part or parts
thereof as may be designated in the mortgages or deeds of trust.

811. The said company may subscribe for, purchase, or otherwise ac-
quire, and own, hold, sell, or otherwise dispose of bonds or other evi-
dences of debt and shares of the capital stock of any other railroad or
any company or companies chartered under the laws of this or any other
State, or of the United States, and, from time to time, may endorse,
guarantee, or assume the bonds, evidences of indebtedness or capital
stock of any such railroad or other company, and any other railroad or
other company may puré@hase, guarantee, own, or hold the stocks and
bonds of this company. The said company shall also have the power to
cross at, above or below grade, the track or tracks of any other railroad
or railway, and, with the consent of any such other railroad or railway,
may connect its tracks therewith; and said company may connect or
unite its road with that of any other company or companies upon such
terms and under such name as may be agreed upon by the companies so
uniting, connecting, merging, or consolidating, and to that end power is
hereby given to such other company or companies to make and carry out
such contracts as will facilitate and consummate such connection, merger,
or combination, or any lease or sale: provided, a copy of every such con-
tract of consolidation and merger shall be filed in the office of the State
board of public works.

§ 12. The said company shall commence the construction of its road
within three years from the third dav of March, nineteen hundred and
two, and complete the same within five years thereafter: provided, the
limitation herein applied to the commencement and completion of the
said road shall not apply to its branch or lateral lines.

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