Chap. 28.—An ACT to facilitate the transfer of shares in the Upper
Appomattox Company and to provide for changing the same from
real to personal estate, and to authorize the sald conipany to mort-
gage its property and franchise.

Approved January 27, 1888.

Whereas the method of transferring shares in the Upper
Appomattox company prescribed by section three of an act
entitled an act for enlarging the stock of the Upper Appo-
mattox company, and for other purposes, passed January
first, eighteen hundred and two, has been found to be incon-
venient and cumbersome, and to hinder the sale of said shares
to persons able and willing to improve the rights, privileges
and franchises of said company; and whereas it is therefore
deemed expedient to render said shares transferable as per-
sonal estate in the same manner as shares in other chartered
companies of the state of Virginia; and whereas it is further
deemed expedient to facilitate the improvement of the said
Tights, privileges and franchises, by enabling the said com-
pany to mortgage its property and franchises to secure its

onde issued for that purpose:

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1. Be it therefore enacted by the general assembly of Vir-
ginia, That it shall be, and is hereby made, lawful for the
proprietors of shares in the Upper Appomattox company,
issued under and pursuant to the provisions of any or all of
the four acts entitled respectively, an act to amend and

*reduce into one act the several acts for opening and extend-
ing the navigation of Appomattox river, passed on the
twenty-first day of December, seventeen hundred and ninety-
five; an act for enlarging the stock of the Upper Appomat-
tox company, and for other purposes, passed on the first
day of January, eighteen hundred and two; an act to au-
thorize the board of public works to subscribe for one hun-
dred and fifty shares of the stock of the Upper Appomattox
company, and for other purposes, passed on the twenty-first
day of February, eighteen hundred and twenty; and an act
to amend the act entitled an act authorizing the board of
public works to subscribe for one hundred and fifty shares of
the stock of the Upper Appomattox company, and for other
purposes, passed on the third day of March, eighteen hun-
dred and twenty-one, to transfer their said shares, or any of
them, to the said company under and in the manner pre-
scribed by section three of the said act entitled an act for
enlarging the stock of the Upper Appomattox company, and
for other purposes, passed on the first day of January, eigh-
teen hundred and two. And it shall be, and hereby is made,
lawful for the said company, and the trustees thereof for the
time being, to receive such shares so transferred to said com-
pany as aforesaid, and thereupon to issue and deliver to said
proprietors in lieu and place thereof, certificates for such
shares, of the form and in the manner prescribed by section
twenty-eight of chapter fifty-seven of title eighteen of the
Code of Virginia. And the said shares for which certificates
shall have been so issued and delivered as aforesaid, and also
any and all shares of the capital stock of the said company,
which may be issued under and pursuant to the provisions of
an act entitled an act to authorize the Upper Appomattox
company to increase its capital stock, approved on the
twenty-first day of April, eighteen hundred and eighty-two,
shall hereafter be deemed personal estate, and shall be in all
respects subject to and regulated by the provisions cf sections
twenty-one, twenty-seven, twenty-eight, twenty-nine, thirty
and thirty-one of said chapter fifty-seven of title eighteen of
the Code of Virginia.

2. And be it further enacted, That it shall be, and hereby is
made lawful for the said company to mortgage any or all of
its property and franchises to such amounts, and upon such
terms as the said company shall deem necessary to secure its
bonds issued for the improvement of its rights, privileges and
franchises.

3. This act shall be in force from its passage.