road ▁company , ▁to ▁establish ▁a ▁line ▁from ▁the ▁Lo ire ▁at ▁Pont - de - l ’ Â ne ▁on ▁the ▁river ▁Fur ens ▁( or ▁Fur an , ▁its ▁modern ▁name ), ▁to ▁the ▁coal - min ing ▁area ▁of ▁Saint - Ét ienne . ▁ ▁Tra ffic ▁was ▁limited ▁to ▁goods , ▁particularly ▁coal . ▁The ▁mile age ▁tax ▁was ▁ 0 . 0 1 8 6 ▁fran cs ▁per ▁hect olit re ▁of ▁coal ▁or ▁ 5 0   kg ▁of ▁goods . ▁ ▁The ▁con cess ion ▁was ▁perpet ual . ▁ ▁The ▁first ▁railway ▁company ▁▁ ▁The ▁Ord in ance ▁of ▁ 2 1 ▁July ▁ 1 8 2 4 ▁author ized ▁and ▁approved ▁the ▁constitution ▁of ▁a ▁company ▁called ▁Comp ag nie ▁du ▁chemin ▁de ▁fer ▁de ▁Saint - Ét ienne ▁à ▁la ▁Lo ire ▁for ▁the ▁implementation ▁and ▁operation ▁of ▁the ▁line . ▁The ▁company ▁was ▁formed ▁for ▁ 9 9 ▁years , ▁unless ▁renew ed . ▁. ▁ ▁The ▁capital ▁was ▁one ▁million ▁fran cs , ▁represented ▁by ▁ 2 0 0 ▁shares ▁of ▁ 5 0 0 0 ▁fran cs ▁plus ▁eight ▁bonus ▁shares ▁given ▁to ▁the ▁author ▁of ▁the ▁project , ▁Louis - An to ine ▁Be a un ier , ▁who ▁became ▁the ▁director ▁of ▁the ▁company . ▁. ▁ ▁Commission ing ▁▁▁ ▁The ▁line ▁was ▁used ▁for ▁tri als ▁from ▁ 1 ▁May ▁ 1 8 2 7 ▁and ▁fully ▁opened ▁on ▁ 3 0 ▁June ▁ 1 8 2