Chap. 93.—An ACT to incorporate the Norfolk and Cape Henry Rail-
road Company.

Approved November 24, 1884.

1. Be it enacted by the general assembly of Virginia, That
M. 8. Hudgin, R. H. Baker, C. W. Hill, John Vermillion, R.
C. Marshall, H. F. Woodhouse, W. S. Wilkinson, and J. H.
Dillard, and their associates, successors and assigns, be and
they are hereby declared to be a body, corporate and politic,
by the name of the Norfolk and Cape Henry Railroad Com-
pany; and by that name and style are hereby invested with
all the rights, powers, and privileges conferred, and made
subject to all the rules, regulations, and restrictions imposed
by the Code of Virginia, and all gengral laws applicable to
such corporations as are not inconsistent with the provisons
of this act. “ |

2. The capital stock of said company shall not be less than
two hundred thousand dollars, but the company shall have
the privilege of increasing the same, from time to time, to an
amount not exceeding one million dollars, afd shall have
power to issue stock to the amount of the capital, and to
issue bonds to an amount not exceeding its capital, to be
secured by deed or deeds of trust upon all the property, fran-
chises, and improvements of the company, including the track
and rolling-stoek, if at any time it shall see fit todo so. The
said stock to be divided into shares of fifty dollars each, and
at all meetings of the stockholders, each share shall be enti-
tled to one vote, which may be given by the holders thereof,
or by proxy. When two thousand shares shall have been
subscribed under the direction of any three ot the corpora-
tors hereinbefore named, the subscribers shall assemble in
Norfolk, upon the call of the first five named corporators, or
a majority of the same, to organize the company under this
act; to elect a president and board of directors, whose term
of office shall be one year. Subsequent elections of president
shall be made by the board of directors, and of the board of
directors by the stockholders.

3. The board of wirectors shall fix the salary of the pre-
sident and all officers of the company, and the maximum
amount of stock to be subscribed for by any person. All
other officers not herein otherwise provided for, shall be
elected by the directors.

4, The said company is hereby authorized to construct and
operate a narrow or standard guage railroad, as it may elect,
from the city of Norfolk to a point at or near the Hollies, on the
Atlantic ocean, in the county of Princess Anne, state of Vir-
ginia, and from thence, if it shall so desire, to Cape Henry in
said county. It shall have power, in its .corporate capacity,
to buy or acquire land in Princess Anne county, on or near
the Atlantic ocean, not to exceed five thousand acres, and to
improve the same by erecting ypon it, hotels, and makin
such other improvements as are usual at seaside resorts, an
to sell or lease lots to persons who may desire-to build cot-
tages or other buildings upon them, and to erect cottages and
other buildings, or lease or rent to persons who may e will-
ing to lease or rent the same.

5. The said company is hereby authorized to construct and
operate lateral branches, not to exceed ten miles in length,
and to cross any creek or stream between the city of Norfolk
and the Atlantic ocean: provided the navigation of the same
in not interfered with.

6. That the said company, by the acceptance of this char-
ter, hereby agrees to pay all taxes, dues, and demands due
the state, that may be hereafter assessed against it, in lawful
money of the United States, and not in coupons.

7. The road shall be commenced within two years, and be
completed within six years from the passage of this act.