EDWIN WARFIELD, ESQ., GOVERNOR.

1181

power to sell, rent or lease electricity for lighting purposes

and for power purposes along or near the said route, and

charge therefor such rates as compensation therefor as the

board of directors may from time to time determine.

SEC. 6. And be it enacted, That whenever subscriptions to

the capital stock of said company shall amount to the sum

Subscriptions
to capital

of twenty-five thousand dollars, the board of directors shall

stock.

have power to begin the construction of said railroad, be-

ginning at any point on said line which they may determine,

and running by or near the route hereinbefore indicated, to

such point along said route as in the judgment of the board

of directors the amount of subscriptions to the stock will jus-

tify, and the said directors shall have power in the event the

amount of capital stock thus subscribed shall prove insuffi-

cient to construct, complete and fully equip the said railroad

to the point along said route which, in the judgment of the

board of directors, the amount of subscription to the capital

stock will justify and warrant, to issue in the name of said

company, mortgage bonds to an amount sufficient, in the

judgment of said directors, to complete and fully equip said

railroad to the said point along said route and secure the

payment of such bonds by mortgage of all or any part of the

property, rights, franchises, tolls and revenues of said com-

pany.

SEC. 7. And be it enacted, That the board of directors of

said company are hereby empowered to buy, lease, lease or

Certain power
given to di-

sell to, connect or consolidate with any other railroad or

rectors.

railway, and to enter into any traffic agreement with any other

railroad or railway, and to buy or lease such land or property

as the board of directors may deem advantageous to said

company whenever in the judgment of the board of directors

of said company it is to the interest of said company to

do so.

SEC. 8. And be it enacted, That the railroad so to be con-

structed shall be single or double track, and shall have as

How road is to
be built, etc.

many sets of tracks, switches, turnouts and branches as said

board of directors shall deem necessary, and the said board

of directors, or a majority of them, or their agents, may cause

to be made, or contract with others for making said railroad

tracks, switches, turnouts, branches, power houses and trol-

leys, erecting poles and stringing wires, or any part thereof,

including building of bridges, necessary warehouses, depots

and stations and all work whatsoever which may be necessary