Bristol news. [volume] (Bristol, Va. & Tenn.) 1867-189?, 1877-04-10

An ACT to Incorporate the Bristol Coal and Iron
Narrow Gulgc Railroad Company, and to
transfer to certain Franchises, Rights Prvi-
leges and Properties of the Virginia and X ZEN
lucky Railroad Com pany
Approved March 9th, 1876, as amended by an
Actapproved March 2lst, 1877.
II. c. WOOD, PATRON.
|. Be it enacted by the general assembly, That
james II. Il rker, james II. Wood. Joseph X.
Anderson, Isaac B. Dunn, W. W. James, and
Il. W. Holloway, IL, ). K, Morrison, NJ. B. Wood,
Ira =. RUbin2,t, John WolicubIrEer Il. Il, Fu-
tete Lames Horton, and c. G. Dg39i of Scot
munds, Marion D. Richmoud and }. NJ. McEl
Rigs Ellington Wells, Morgan r. hpns, George
W. killgore, Jesse B. llylton, II. II. Dodson,
and Jeremiah Chase, their associates aud succeS,
made body polite and corporate, 10y the name
Of the Bristol Coal and Iron Narrow Guagc
Railroad Company, for the purpose Of building,
OquppinK and operating railroad rom Bristol
Goulsun, in Washington county, via Esullvllic
and Sp,yr's ferry in Scott county, 90 point at
or nclr Big stone gap, in Wise county, Virginia.
p. That said COMPANY, when mlly organized
shall have a common seal, sue and be sued by MS
corporate name, and be otherwise invested with
.il the powers, rights and privileges, and subject
10 all the duties restrictions and responsibilities,
imposed by the laws of Virginia ON railroad
companies
3. The cnpital stock of said company shall not,
except as hereinafter provided, exceed one mil
lion Of dollars to be divided into shares Of one
stock held in said company but said company
shoil, # found necessary to complete iuy equip,
aud put their road i'm operation, have power 70
issue its honus, bearing lntcrestat not more than
Gght per ceutum per Rnnum, and secure the
same hy mortgage or Iced of trust on its proper
ymd frauc scs to the further amount of one
million dollars provided that said company be
and it j, HEREBY authorized to record one or more
mortgages or deeds OF trust in any county or city
in tho state o, Virginia and the tax shall be as
s'sscl and paid upOn the amount OF bonds
'r other obligatory secured thereby, actually
sold or hypotheeated during the year on the hIst
uny of February of each year, and no other tax
shall oe demanded upon such deeds OF trust or
4. That subsoribers to the capital stock of the
Virginia and Kentucky railroad company, ,whcih-
or they have transferred their subscriptions TO
the Atlantic MississiI pi and Ohio railr9ad com
l1ny or not, are Authorized TO trapSer thelr sun
s'rlptons 10 the Bristol coal and iron narrow
nIge iailroa company Whenever II ,, SlEnu,hSi
road certificates of stock aud have ihe same
lights and interest that they had intuo NuEiula
md Kentucky or Atlantic, Mississippi End ONO
Igilroed companies and the Atlantic, MIssissip-
~ AMI Ohio railroad company shall execute TO
the parties So transferring their subscriptions, %
,alh rud sufficient release nom any hnllN 70
l., otherwise than ne rpscrved Nul provided in
ihe acc of u o tweuty-ninth dag OF AnIil egh'
ieen lmndred and seventy four, .I9ies'm.
y Nhnever the sum Of Twenty-Five housnnd
dollars shall nave been subscribed % the tuultnl
stock ot lheseid Nrirol coal aud iron narrow
lu"re uilroll company, In uytuW nee Win lhc
provisions hC-uin before and hereinafter contlin-
"a, then 1t shlll be lawful for the said company
IT, organize md commence operations. An9
whenever the said company shall have organized
ln aceorlancc with the provisions Of TINS arti
then it may permit the NlauUc, Mississippi an!
ONO rnIlroad COMPANY tu Subscribe io MS capital
ftuuk % thc AMOUNT a. seven luu tItt AMI ulty
thousand dollar; and hon the said comprny
shall huye so sIlscIibed, IL shall bv entitled 20
cast one vote for every share of stock 'osUbscrb'
cd.
That the said company is hereby authorized
TO construed heir TOAD upon the roHd bed sur
q. La H1f 10 he \
nllrond. md are authorized AMI empowered to
use AL the gr ding ana masonry done upon th2
told Zine by the Virginia AMI hentucky railroad
company hettTe their SUSPENSION, subject 10 ull
The ligbilities gf tbs Sme; mud the said Bristol
coal and iron farroW'E 'Euupr railroad company, l'
Nlceh m the enjoyment, ant vested with all ihe
TGtlfe end pr vilege, md I9evt to II the ohll.
CATIONS aud Liabilities of the sulu Virginia Hni
kentucky railroad company before u was con