Chap. 412.—An ACT to amend sections 1 and 3 of an act entitled an act to incor-
porate the Baliston Railroad, approved February 23, 1900.

Approved March 29, 1902.

1. Be it enacted by the general assembly of Virginia, That ecctions
one and three of an act entitled an act to incorporate the Ballston Rail-
road Company, approved February twenty-third, nineteen hundred, be
amended and re-enacted so as to read as follows:

$1. That J. K. M. Norton, John F. Carlin, C. H. Yohe, Walter U.
Varney, and J, M. Hill, or such of them as may accept the provisions of
this act, their associates, successors, or assigns, be, and they are hereby,
incorporated and made a body politic and corporate under the name and
style of the “Ballston Railroad Company,” and by that name shall be
known in law, and as such are authorized and empowered to survey, locate,
construct, equip, operate, and maintain a line of railroad of narrow or
standard gauge, single or double tracked, through any or all of the coun-
ties of Alexandria, Fairfax, Prince William, Fauquier, Page, Warren,
Rappahannock, Clarke, and Loudoun, and the city of Alexandria, begin-
ning at any point in any of said counties or said city, and extending by
such route or routes as the board of directors of said company may desig-
nate to any point in any of said counties or said city. Full power and
authority is hereby given to said company to pass through and over such
street or streets in the city of Alexandria as may be agreed upon by and
between said company and the city council of Alexandria.

It shall be lawful for the circuit court of the city of Alexandria, upon
petition of the president and board of directors, at any time, to order a
change in the name of the company, but anv such change of name shall
be without prejudice to the rights of any creditor or to the exercise of any
of the powers and privileges oranted by this act.

§ 3. The capital stock of said company shall not be less than fifty
thousand dollars, and the board of directors shall have the right to in-
crease the same at any time to an amount not exceeding in the maximum
one million dollars by application to the circuit court of the city of
Alexandria, and upon the prepayment of the charter fees upon said in-
crease the said court may authorize such increase; said stock shall be
divided into shares of the par value of one hundred dollars each. The
above named J. K. M. Norton, John F. Carlin, C. H. Yohe, Walter U.
Varney, and J. M. Hill, or any three of the above named incorporators,
are herebv created a commission, and are authorized to receive subscrip-
tions to the capital stock of said company, and for this purpose may open
subscription books in such manner, and after such notice as they may
deem necessary, and may keep the same open until the minimum amount
above named shall have been subscribed. Thereafter, within their dis-
cretion, they may call a meeting of the subscribers, and organize the com-
pany. From time to time the capital stock may be increased as above
set forth, under such regulations and upon such terms, and at such price
as the board of directors of said company may prescribe; and the board
of directors may receive cash, labor, material, franchises, bonds, or stock
of other incorporated companies, lands, rights of way, and other prop-
erty, real or personal, in payment of subscriptions to the capital stock, at
such valuation as may be agreed upon: provided, that the tax on anv
increase of capital stock shall be the same as that charged on legislative
charters.

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