Chap. 16.—An ACT to Incorporate the Isle of Wight Land and Lumber
Company.

In force December 25, 1872.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books of subscription in the village
of Windsor, in the county of Isle of Wight, under the direction
of A. H. Ashburn, M. H. Watkins, Robert A. Pinner, Mills L.
Watkins and J. E. Nelms, or any three of them, for the purpose
of receiving subscriptions to an amount not less than ten thou-
sand dollars, nor more than twenty thousand dollars, in shares
of twenty-five dollars each, to constitute the capital stock, to
be called the Isle of Wight Land and Lumber Company. —
2. The said company shall have the right to hold and employ
machinery and other appliances as their business may require,
and are hereby vested with all the rights, powers and privi-
leges conferred, and subject to all the restrictions imposed
by the laws of the state upon bodies politic and corporate, so
far as the same are applicable to, and not inconsistent with, the
provisions of this act.

3. The said company shall have power to construct, and ope-
rate by steam, or otherwise, a tram railroad, for the purpose
of transporting wood and lumber and other products of the
forest, from some point on the Blackwater river, at or near
Broadwater bridge, in the county of Isle of Wight, to some
point on the western branch of the Nansemond river, at or near
Millner’s landing, in the county of Nansemond, with the privi-
lege of constructing branch roads from the same, not to exceed
five miles in length.

4, The said company shall have power to borrow money on
its bonds or other evidences of debt to an amount not exceed-
ing its capital stock, bearing interest at a rate not exceeding
that allowed by law, which bonds may be secured by a pledge
of the income and property of said company.

5. The said company is hereby authorized to purchase and
hold lands, or other species of property, and to convey and
otherwise dispose of the same.

6. In all meetings of the stockholders, and election of direc-
tors, each stockholder shall be entitled to one vote for each
share of stock he holds.

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