Chap. 73.—An ACT to incorporate the James River and Kanawha Trarts-
portation Company.

' Passed January 16, 1867.

1. Be it enacted by the general assembly of Virginia, That
R. L. Walker, W. L. Quincy, R. D. Minor, and ‘their asso-
ciates and successors, or a majority, of them, are hereby
created and constituted a body politic and corporate, by the
name and style of The James River and Kanawha Transpor-
tation Company, and as such shall have perpetual succession
and a common seal, which it may alter or renew at pleasure ;
and may sue and. be sued, implead' and be impleaded, con-
tract and be contracted with, purchase, hold and grant such
estates, real and personal, as may be.necessary for the carry-
ing on of the. legitimate business of said company; make
ordinances, by-laws and regulations for the government of
all under its authority, and the proper conduct of its affairs,
and be subject to all the rules, regulations and restrictions
imposed by the Code of Virginia, in relation to joint stock
companies, so far as they are applicable to and not inconsist-
ent with the provisions of this act.

2, The capital stock of said company shall not be less than
ten thousand nor more than one hundred thousand dollars,
to be divided into shares of one hundred dollars each; and
each stockholder shall be entitled to vote in accordance with
the existing laws of the state of Virginia in such cases made
and provided.

@. The said company shall have power to do a transporta-
tion business by land or water, for'the coriveyance of persons
and property of every kind, throughout or beyond the limits
of Virginia, in their own canal boats, vessels, steamers and
other conveyances used for water or land transportation, or
in those of such other persons or corporations as they may
contract with, and to create and organize branch agencies for
the same purpose, and to form any such arrangement, pur-
chase or union with any transportation or express company
as may, in their opinion, be advantageous, and to build,
hire, establish and maintain, storehouses and other buildings
for the safe-keeping of property entrusted to their care for
transportation ; and to purchase and hold such land, wharves,
buildings, docks and piers, as they may require for their bu-
siness; and shall have power to indemnity themselves, by in-
surance, against any loss or damage by fire, or the risks of
navigation or transportation, on any property held by them
in their own right or as bailees:

4. The principal office shall be in Richmond, Virginia; and
the said company may establish as many local offices as they
may deem necessary.

5. The annual election of directors and other officers of
this corporation shall be held at such place and 1 in such man-
ner as its by-laws may prescribe.

6. .This act shall be in force from its passage, and shall be
subject to amendment, modification, alteration and repeal, at
the pleasure of the general assembly.