Chap. 187.—An ACT to incorporate The Lawrenceville Tram-Road
Company.

Approved March 20, 1875.

1. Be it enacted by the general assembly, That R. D.
Turnbull, J. R. Jones, BE. R. Turnbull, D. S. Hicks, D. T.
Poyner, W. E. Brodnax, B. Lewis, F. W. Jones, T. C. Proc-
tor, P. B. Starke, J. B. Lundy, John H. Lewis, and Edward
Clayton, of the county of Brunswick, and their successors,
be and they are hereby incorporated and made a body politic
and corporate under the name and style of The Lawrence-
ville Tram-Road Company, for the purpose of building, equip-
ping, and operating a tram-road from the town of Lawrence-
ville, in the county of Brunswick, to Belfield depot, in the
county of Greensville. :

2. That the capital stock of said company shall be twenty
thousand dollars, in shares of one hundred dollars each, and
may be increased from time to time by the stockholders in
general meeting to an amount not exceeding one hundred
thousand dollars in the aggregate. ;

3. The corporators herein named shall assemble in Law-
renceville, upon the call of any three of them, to organize
the company under this act, to elect a president whose term
erm of otice shail be two vears. Subsequent elec-
ons of presidest sta. be made by the board of directors,
and or the board of directors by the stockholders. Any
vacancy darirns the term ot office of the president or direc-
tors shail be foed bw rhe board of directors.

4. The board of directors may fix a maximam amount of
ostoék to be sabseribed for by any individaal or company.

>. Subseriptions to the capital stock of said company may
be made in money. materials, land. labor. or otherwise, in
such manner as may be prescribed by said company and
agreed upon by the parties making the subscriptions, and
corporations domiciled within the state or elsewhere, may
subscribe to the capital stock of said company; and the said
company may acquire land by gift. purchase. or otherwise,
and shall have power to hold, lease, and sell the same for
the construction and maintenance of its road and depots:
provided, that at the expiration of ten years said com-
pany shall not hoid more land than necessary for road bed,
depots. &c.

6. The stockholders, in general meeting assembled, may
authorize the board of directors to borrow money from time
to time, and to give one or more mortgages to secure the
payment of the same: provided, the bonds issued for the
payment of such loans shall not bear more than ten per
centum interest, payable semi-annually.

. % This company shall be subject to the yeneral laws in
regard to railroad companies and tram-roads, except as other-
wise provided in this charter. The road shall be commenced
within two years and completed within five years from the
passage of this act.
- §8. This act shall be in force from its passage.

of office shal! be two years. and a board of seven directors