Chap. 682.—An ACT to authorize the increase of the capital stock of the Ports-
mouth street railway company.

Approved March 8, 1896.

1. Be it enacted by the general assembly of Virginia, That the
capital stock of the Portsmouth street railway company may, from
time to time, be increased to any amount, until the total capital of
the company shall be five hundred thousand dollars, upon such
terms and conditions, and under such regulations as a majority in
interest of the stockholders may prescribe, by the issue and sale of
shares of the same par value as the shares into which the present
capital stock of the company is divided; and the directors may
receive cash, labor, material, bonds, stock, real or personal property,
in payment for the capital stock of the company so issued and sold,
at such valuation and at such prices as may be agreed upon between
the directors and the subscribers to or purchasers of the stock.

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