Chap. 166.—An ACT to incorporate the Bermuda Hundred construc-
tion company.

Approved May 6, 1887.

1. Be it enacted by the general assembly of Virginia, That
James H. Young, Mason Young, Franklin Stearns, Richard
Irvin, Junior, James R. Werth, R. A. Dunlop, and William
H. Young, their associates, assigns, and successors, are hereby
incorporated and constituted a body politic and corporate by
the name of the Bermuda Hundred construction company,
and shall have all the powers, rights, and franchises necessary
or proper for the purpose of constructing, improving, and
equipping railroads, brides, tunnels, docks, piers, wharves,
basins, warehouses, elevators, depots, section houses, and all
other structures proper to the use and operation of railroads
and to acquire and hold the bonds and stocks of any company
whose works it may construct in whole or in part: provided
however, that it shall not have the right to condemn land or
material, or to operate a railroad, except during the period o:
its construction.

2. Any four of the corporators hervinbefore named, may
organize the company by electing a president and a board ot
directors, and may elect and appoint such other officers and
make such by-laws as may be necessary for the proper man.-
agement of the said company’s affairs, and thereupon they
shall have and exercise all the general powers and functions
conferred upon chartered companies by chapter fifty-seven ot
the Code of Virginia of eighteen bundred and seventy-three,
and shall besubject to all its provisions, except so far as the
same are modified by or are inconsistent with this act.

3. The capital stock of the said company shall not exceed
one hundred thousand dollars nor be less than five thousand
dollars, to be divided into shares of the par value of one bun-
dred dollars each, each share of stock shall be entitled to one
vote.

4. This charter shall be subject to amendment or repeal at
any time by the general assembly, and all taxes, dues, or de-
mands due or to become due by this company to the State of
Virginia, shall be paid in lawful currency of the United States
and not in coupons.

5. This act shall be in force from ita passage.