ODEN BOWIE, ESQUIRE, GOVERNOR. 791
for the purpose of securing subscriptions to the
amount of four million dollars in shares of one
hundred dollars each to constitute a joint stock for
constructing a railroad from the town of Harper's
Ferry, in the County of Jefferson, or some other
point on the Potomac river, through the Counties
of Warren and Page, at or near Port Republic, in
the Counties of Augusta, Rockbridge and Botte-
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Amount of
subscriptions.
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tourt, to connect with the Virginia and Tennessee
Railroad, at or near Salem, in the County of Roan-
oke, with a branch from some suitable point on
said road to Harrisonburg, in Rockingham Coun-
ty, also a branch from some suitable point on
said road, via Stannardsville, Greene County, to
Gordonsville, in the County of Orange; also a
branch from some suitable point on said road to
the town of Lexington, in the County of Rock-
bridge.
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Route.
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2. Whenever two hundred thousand dollars of
stock shall have been subscribed, the subscribers,
their executors, administrators and assigns shall
be, and are hereby, declared to be a body politic
and corporate, under the name and style of the
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Shares sub-
scribed.
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Shenandoah Valley Railroad Company, and shall
be subject to all the provisions of the Code of Vir-
ginia applicable to internal improvement compa-
nies, except so far as the same be inconsistent with
the provisions of this Act.
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Name.
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3. If the capital stock of said Company shall be
deemed insufficient for the purposes of this Act, it
shall, and may, be lawful for the Directors or a
majority of them, from time to time to increase
the same by addition of so many shares as
they may deem necessary, for which they may
at their discretion, cause subscriptions to be re-
ceived in such manner as may be prescribed by
them, or may sell the same for the benefit of the
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 a general meeting assembled, have
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Increase capi-
tal.
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power to borrow money for the purpose of this Act,
and to issue proper certificates of such loans, and
pledge the property of the company, by mortgage
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Borrow
money.
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or otherwise, tor the payment of the same and the
interest that may accrue thereon; this Act shall
take effect from its passage, therefore
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In force.
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