Chap. 240.—An ACT to authorize the Richmond and York River Railroad
Company to extend its main line, or build branches to the Chesapeake
or its tributaries. |

Passed February 25, 1867.

1. Be it enacted by the general assembly of Virginia, That
the Richmond and York river railroad company shall have
power, at any time hereafter, to extend its railroad from any
point along its line to any one or more points on the Chesa-
peake bay or its tributaries, between the mouth of the Rap-
pahanneck river and Yorktown, as may be directed by the
stockholders in any general meeting; and to this end the
capital stock of said company may be increased to any
amount not éxceeding three millions of dollars; and the cer-
titicates of stock in said company, signed by the president
and countersigned by the secretary of the company, shall
only be transferable by endorsement thereon, acknowledged
before any notary public, or other person authorized by the
Code of Virginia to take acknowledgments of deeds, or two
subscribing witnesses: and tvhen so transferred, shall pass to
the transferee thereof the number of shares of the capital
stock of said company represented by said certificates, with
all dividends thereafter declared thereon; and the said cer-
tificates, when so transferred as aforesaid, may be returned
to the said company and be cancelled, and new certificates of
stock issued in lieu thereof to the person entitled thereto, for
a like number of shares.

2. The said company may borrow money, in accordance
with existing laws, to an extent not exceeding three-fifths of
the maximum capital stock authorized by law.

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