Chap. 246.—An ACT to authorize the Common Council of the city of
Manchester to authorize persons or compunies to construct a street
railway.

Approved March 3, 1884.

1. Beit enacted by the general assembly of Virginia, That
the common council of the city of Manchester shall have the
power to authorize and contract with any persons or incor-
porated companies to construct and operate street railways
in the streets of the city of Manchester and bridges, the
property of said city, upon such terms as said common coun-
cil and such persons or companies may agree upon; and where
such persons are so authorized to construct such str-ct rail-
ways, such persons, with those who may be associated with
them, shall be a corporation with the powers and duties, and
for the term prescribed and authorized by their agreement
with said common council, and shall be governed by the pro-
visions of chapters fifty-six, fifty-seven and sixty-one of the
Code of Virginia, so far as the same are applicable to such
corporations, and not inconsistent with this act.

2. Such companies may extend their railways upon such
roads in the county of Chesterfield for such distances, and
with such powers, and subject to such conditions, restrictions
and limitations as they may agree upon with the board of
supervisors of Chesterfield county ; which contract the board
of supervisors of LIne IME county is hereby authorized to
make.

3. The company or companies so constituted and incor-
porated, or incorporated companics-with which the common
council of the city of Manchester or the board of supervisors
of Chesterficld may contract as aforesaid, may purchase,
lease, hold, sell, convey, lease or rent out real estate not ex-
ceeding at any ‘time ten acres, (not more than two acres of
which shall be in one body,) in the city of Manchester, and
five hundred acres in the county of Chesterfield.

4, The capital stock of any company incorporated under
this’act shall not be less than fifteen thousand dollars, nor
more than two hundred thousand dollars, to be divided into
shares of one hundred dollars each. ‘The corporators of any
company incorporated under this act, or a majority of them,
may cause boolé#s of subseription to the stock of such com-
pany to be opened at such places in the city of Manchester,
for such time and on such advertisement as may seem best to
them and the stockholders of such corporation in general
meeting; may prescribe the officers of such company and
their respective duties, and the number of directors, and the
votes to which stockholders shall be entitled.

5. Companies incorporated under this act, or incorporated
companies with which the common council of the city of
Manchester or the board of supervisors of Chesterfield may
contract as aforesaid, may at any time borrow money for the
purpose of building, equipping or extending their roads, and
issue bonds therefor, bearing interest not exceeding eight per
centum per annum, and secure the same by deed of trust or
mortgage upon the whole or any portion of their property
acquired at the time of the mortgage or deed of trust, or to
be thereafter acquired, real or personal.

6. This act shall be in force from its passage