Chap. 68.—An ACT to incorporate the Abingdon railway company.
Approved February 3, 1888.

1. Be it enacted by the general assembly of Virginia, That
George V. Litchfield, James C. Greenway, James L. White,
William G. G. Lowry, T. P. Trigs, R. M. Page, and F. T.
Barr, and their associates and successors, be and they are
hereby made a body politic and corporate under the name
and style of the Abingdon street railway company.

2. Be it further enacted, That said corporation, by said
name; shall have continuous succession, and in that name
may sue and be sued, plead and be impleaded unto in any
court of law and equity in this state or elsewhere, where
their rights may come in question; may have and use a com-
mon seal, and the same use, renew, and destroy at pleasure;
and may make, alter, and repeal such by-laws governing its
own members, officers, attorneys, agents, employees, and per-
sons dealing or having busines with it as it considers proper,
and as are not in conflict with the general laws of this state.
And said corporation may acquire, purchase, accept, hold,
enjoy, and convey any property, real or personal, or mixed,
that may be necessary or profitable for the purposes of its
incorporation, or which it may acquire in the progress of its
business. It shall have power to fix its rates of toll for the
transportation of persons and property, and collect the same,
and in general shall have all such powers, privileges, rights,
and franchises as may be necessary to successfully accomplish
and carry on the purposes of its incorporation.

3. Be it further enacted, That said company shall have
power and authority to survey, lay out, construct, equip, use,
and employ a line of railway of such guage as the company
may determine, to be operated by horses or mules, or any
other motive power excépt steam, with single or double
tracks upon and over any of the streets of the town of Abing-
don on which the corporate authorities of said town have
heretofore granted, or may hereafter grant, the right of way
subject to such restrictions and limitations as said town has
made; and also upon and over the highway leading from said
town, one mile east and west of the corporate limits of said
town: provided, the said company shall keep the streets and
highway, between the rails and for one foot on each side of
the track in good repair.

4. Be it further enacted, That should it be necessary for
the successful carrying on of the business of said company to
condemn any land for these purposes, it shall have the right
to enter, by its agents, and condemn any land needed in the
manner and under the regulations, conditions, and restric-
tions prescribed by law for the condemnation of land for
works of internal improvement.

5. Be it further enacted, That the capital stock ot said
company shall be ten thousand dollars, divided into shares of
twenty-five dollars each; and said company shall have power

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to issue bonds to the amount of five thousand dollars, and to
pledge and bind by mortgage or deed of trust, or otherwise,
their corporate property and franchises, so as to secure the
payment of such-bonds.

6. Be it further enacted, That the books of subscription |
to the capital stock of said corporation may be opened under |
the superintendence of the persons named in the second sec-
tion of this act, or with the consent of a majority of them,
who shall be ex-officio directors until such corporation is or-:
ganized, which shall be done within two years after the pas-
sage of this act. Such organization shall be perfected as soon
as the sum of two thousand dollars shall have been subscribed
to the capital stock.

7. Be it further enacted, That the corporate powers of said |
company shall bé vested in and exercised by a board of di- '
rectors, one of whom shall be president of the company, and
by such other officers and agents as the board may appoint.
Said board of directors shall consist of not more than seven
stockholders, and the first board shall be elected at such time
and in such manner as the corporators or a majority of them
may determine, and annually thereafter by the stockholders
of the company, each share of fifty dollars being entitled to
one vote. The by-laws, hereinbefore mentioned, shall be:
drafted by the said board, and certificates of stock shall be
issued and transferable in such manner as they determine.

8. Said street railroad company may carry upon and over |
their line either passengers or freight, or both, as the public '
wants and its interests may require. This act shall be sub-
ject to repeal, alteration, or modification, at the pleasure of
the general assembly.

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