Chap. 342.—An ACT to enlarge the powers of the Richmond city
railway company.

Approved March 1, 1888.

1. Be it enacted by the general assembly of Virginia, That
the powers and duties of the company incorporated under
the act passed March twentieth, eighteen hundred and sixty,
entitled an act to authorize persons to construct railways in
the city of Richmond and known as the Richmond city rail-
way company, and which was by an act of the general assem-
bly of Virginia, passed on the seventeenth day March, eigh-
teen hundred and eighty-four, entitled an act to enlarge the
powers of the Richmond city railway company, re-organized
and declared to be a body corporate, governed by the pro-
visions of chapters fifty-six, fifty-seven and sixty-one of the
Code of Virginia, in so far as the same are applicable to such
corporations and not inconsistent with said act of March
seventeenth, eighteen hundred and eighty-four, are enlarged
as follows, to-wit:

2. The capital stock of said corporation shall not be less
than twenty thousand dollars, nor more than five hundred
thousand dollars, and may be increased, from time to time,
until the maximum is reached, and divided into shares of one
hundred dollars each. Each share of stock shall be entitled
to one vote in all meetings of the stockholders of said com-

any. .

P 3. The officers of the company shall consist of nine direc-
tors, one of whom shall be president, and another of whom
shall be vice-president, and a secretary and treasurer, and
such other officers as the board of directors may find neces-
sary and elect. The stockholders shall elect the directors, and
the directors shall elect the president, vice-president, secre-
tary and treasurer. A person not a stockholder in said com-
pany, may be elected a director, and a director may hold any
other office in the gift of the company.

4. The said company shall have power in its corporate ca-
acity to borrow money for the purpose of extending its
ines, increasing its equipment, retiring its present bonded

indebtedness and releasing the present mortgages or deeds
of trust upon its property, real and personal, and franchises,
or for any other purposes, and to such extent or amount as
it may deem necessary, and may issue bonds therefor in
sums of five hundred dollars, and bearing interest not ex-
ceeding the rate of eight per centum per annum, the princi-
pal and interest of which shall be made payable at such
times and places as may be determined upon by the company,
and secure the same by lien or mortgages or deeds of trust:
on the roads, franchises, incomes, contracts, rights of way,
privileges and property, real, personal and mixed, of the
company, acquired or to be hereafter acquired, or such parts
thereof as may be designated in the mortgages or deeds of
trust, and may sell the said bonds at such discount as may be
thought best for the benefit of the company.

5. The said company is authorized to build, rebuild, repair,
maintain, use and operate its present lines of railway upon
the streets of the city of Richmond and upon the roads in
the county of Henrico, and any lines of railway and right of
of way it may hereafter acquire ; transport thereon persons,
baggaye and freight, and charge and collect tolls therefor,
and may connect its railways, built or to be hereafter built or
acquired, with the rails and road-bed of any other railroad,
railway company, or company for the quick transit of per-
sons and freight, in the limits of the city of Richmond and
county of Henrico, the consent of such railroad, railway, or
quick transit company first had and obtained; and may ac-
quire by lease or purchase the exclusive or joint right of
way over and interest in the road-bed, rails and franchises of
any railroad, railway company, or company, for the quick
transit of persons, or persons and freight as to the whole or
any part of their road within the limits aforesaid, which sale
or lease, such railroad, or railway, or quick transit company,
is hereby authorized to make to said company to the extent
and within the limits aforesaid. But all the powers and_
privileges granted in this section are to be at all times sub-
ject to such conditions and limitations as the said city and
the said county have heretofore respectively imposed as to
privileges already granted, or may hereafter see fit to im-
pose as to any additional privileges hereafter granted, or as
to any renewals of the present privileges, when the same
may lapse or terminate.

6. The principal office of the said company shall be in the
city of Richmond or in the county of Henrico.

7. All taxes to the state shall be paid in lawful money of
the United States, and not in coupons.

8. The said company may use and continue to use, upon
its railways now built and which may hereafter be built, in
the corporate limits of the city of Richmond, the motive
power it now uses thereon, or such other motive power as
may be agreed upon between the said company and the
proper authorities of the city of Richmond; and upon its
railway in the county of Henrico, such motive power as it
now uses thereon, or such other motive power as may be
agreed on between said company and the county court of
Henrico county.

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