Spirit of Jefferson. [volume] (Charles Town, Va. [W. Va.]) 1844-1948, 1867-04-16
A House Bill to Incorporate the shen-
andoah Valley Railroad.

1. Be 1t enacted by the General Assembly,
That it shall be lawful to opeu books of sub
scriPtion In Harrsonburg in the county of
Rockingham, under the direction of s A.
Cotfman, Henry Eorrer and a. NJ. Newman
or any two of them; in Luray, in the county
. of Page, under the direction of Peter r.
aBorst, VIM. Mines and B. F. Grayson. or
any two of them; in Front Royal, in the
county of Warren, under the direction of
VIM II. Buck, Robert Turner and Thomas
N. Ashby, or any two of them; in Winches-
ter, in tho county of Frederick, under the
direction of Llyod Logan, Henry NJ Brent
aud Philip Williams, or any two Of them in
Berryville, in the county of Clarke, under
the direction Of David II. McGui VIM. N.
Nelson and David Meade, or any TWO of them:
in Stauuton, in the county of Augusta, under
the direction of n X. Trout, NJ. G. Hartman
and George Baylor, or any two of them; in
Lexington, in county of Rockbridge, under
the direction of james S. Paxton. j. Nc
Dowell and Wm. c. Lewis, or any two of
them; in Buchanan, in the county of Bote-
tourt, under the direction of John S. Will
ianAs, William D. Couch and Alphonso Fin
ney, or any two of them; in Fincastle, in the
said county of Botetourt, and under the di-
reetion of W. E. NJ, Word, T. c. Goodwin
and W. a. Glasgow or any two of them and
the direction of Bernard Pitzer. Frederick
Johnston and Geo. w. Shanks, or any two of
them; and in Standardsville, in the county
of Greene, under the direction of John 3.
White, George j Stevens, Wyatt S. Beas-
ley, Jas. T. Oft aud VIM. T. Sims. or any
three of them and in such other place or
places, aud under the direction of such agent
or agents as a majority of the commissioners
ut either of the above named places may des-
ignate for the purpose of receiving subscrip>
ton to the amount of four millions of dollars.
in shares of one hundred dollars each, to con-
stitute joint capital stock for constructing Il
Railroad from the town of Hurpers Ferry in
the county of j sferSon. or some other point
on Potomac river, through the counties of
Warren, Page, at or near Port Republic in
the county OF Rockingham, Augusta, Rock
bridge, BOtetOurt, to connect with the Vir-
g;nia and Tennessee railroad at or near the
town of Salem, in the county OF Roanoke, with
branch from some suitable point on said
road to uarTlsonburg. III the county of Rock
lnSham; also bTauch from some suitable
point on said road via Stanardsville, in Greene
county, to Gordonsville. in the county of Or
ange; also Il branch Grcm some suitable poiut
on said road to the town of Lexington. in the
county Of Rockbrdge; aud also branch
from or near Port Republic to Gordonsv!llc.
IN Orange county.
,. Whenever two hundred thousand dollars
of Stock shall have been subscribed the sub
scribers, executors, administrators and as
signs, shall be, and are hereby declared to be
body polite and corporate, under the name
and style Of the Shenandoah Valley Railroad
Company. and shall be subject to all the pro,
visions of the Code of Virginia applicable %
internal Improvements companies, except so
far as the same may be inconsistent with the
provision Of this act
3. If the capital stock of said COMPANY
shall be deemed insufficient for the purpose
of this act, it shall and may be lawful tor the
directors OF majority Of them, from time to
time, to increase the same by the addition of
sc, many shares as they may deem necessary,
for which they may, ut their discretion, cause
subscriptions to be received, in such manner
as may be prescribed by them. or may sell
the same for the benefit Of said company. for
any sum not under the par value thereof;
and the said directors, or a majority Of them.
shall, by and with the consent of the stock
holders in general meeting assembled, have
power to borrow money for the purposes of
this act, and to issue proper certificates of
such loans, and to pledge the property of the
company by mortgage or otherwise for the
payment of the same and the interest that
may accrue thereon.
4. This act shall be in force from its passage.