Chap. 115.—An ACT to incorporate the Broad Creek Canal Company.

Approved June 6, 1870.

1. Be it enacted by the general assembly of Virginia, That
it shall be Jawful to open books of subscription at the city of
Norfolk under the direction of James Y. Leigh, Richard C.
Phelps, and George P. Gordon, and such other persons as they
may associate with themselves, or any three of them, and at
such other place or places as a majority of the commissioners
above named may appoint, for the purpose of receiving sub-
scriptions to an amount not Jess than ten nor more than twenty
thousand dollars, in shares of fifty dollars each, to constitute
the capital stock of a company, to be called The Broad Creek
Canal Company, for the purpose of cutting a canal from Broad
creek to Little creek, and from Little creek to Lynnhaven
river, commencing at or near the farms ot Nimmo or. Wallace,
on Broad creek, and running to or near Little Bridges, on Lit-
tle creek, in the county of Princess Anne.

2. The said company shall have the right to purchase and
hold land, not exceeding five hundred acres, in the counties of
Norfolk and Princess Anne, and sufficient for their purposes
in the city of Norfolk, not exceeding two acres, together with
seventy-tive feet of land on each side of the entire line of said
canal, and may hold and employ such machinery, boats, and
other appliances as their business may require; and they are
hereby invested with all the rights, powers, and privileges
conferred, and subject to all the rules, restrictions, and regu-
lations imposed upon bodies politic and corporate by the Code
of Virginia, so far as the same are applicable to and not in-
consistent with this act. |

38. Whenever one hundred shares of the stock shall have
been subscribed, the subscribers, their executors, administra-
tors, and assigns, shall and are hereby declared to be a body
corporate and politic, and shall have the power to call a meet-
ing of the subscribers to the stock for the purpose of electing
& president and directors.

4. The president and directors shall have power to make
such by-laws and regulations, not contrary to the laws of the
United States and of this state, as they may deem proper for
the government of said company, and may demand and re-
ceive tolls not exceeding twenty-five per centum above the
rates authorized to be charged by the Dismal Swamp canal
company.

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