Chap. 127.—An ACT to indorporate the Norfolk Screw Dock Company.

Passed January 29, 1867.

1. Be it enacted by the general assembly, That William
Swaine, Marshall. Parks, William Lamb, G. C. Walker, and
such other persons as may be hereafter associated with them,
are hereby incorporated into a company to be known as The
Norfolk Screw Dock Company, for the purpose of lifting
from the water and repairing ships and other vessels.

2. Be it further enacted, That the capital stock of said
company shall not be less than thirty thousand dollars nor
more than three hundred thousand dollars, in shares of one
hundred dollars each; and each share of stock shall entitle
the holder to one vote at all meetings of the stockholders of
the company. °

3. Be it further. enacted, That it may be lawful for the
city of Norfolk, and any railroad or steamboat company, to
take and hold stock in this company.

4. Be it further enacted, That the said company may bor-

row money upon their bonds, or other evidences of debt,
bearing interest, not exceeding ten per centum per annum,
which bonds may be guaranteed by the city of Norfolk or
any other corporation interested; and the said’ company may
purchase or hold such land, docks, wharves and other erec-
tions and fixtures as they may deem necessary for their
business.
. 5. This act shall be subject to all the provisions of the
fifty-sixth and fifty-seventh chapters of the Cede of eighteen
hundred and sixty; shall be subject to alteration, amendment
or repeal, at the pleasure of the general assembly, and shall
be in force from and after the passage thereof.