Chap. 243.—An ACT to amend and re-enact sections four and eight of
the act entitled an act to incorporate The Potomac Land and Improve-
ment Company, in force February 138, 1872.

‘ Approved March 25, ‘1875.

1. Be it enacted by the general assembly, That the fourth
and eighth sections of the act entitled an act to incorporate
The Potomac Land and Improvement Company, in force
February thirteenth, eighteen hundred and seventy-two, be
amended and re-enacted so as to read as follows:

§ 4. That the said company be and they are hereby em.
powered to improve all such lands as they are hereby autho.
rized to own or purchase, and also lay out that tract or par-
cel of land fronting on the Potomac river, beginning at a
point midway between North Point and the island in Chap.
pawansic creek; thence up the south bank or shore of said
creek to the telegraph road; thence along said tclegrapk
road to the waters of Little creek; thence down the centre
of said creek to the line dividing the lands of Messrs. Graves
and Ennis; thence northerly along said line to tho low wate)
mark of Quantico bay; thence with low-water mark on the
Potomac river; thence along said low-water mark to the be
ginning, into farms, lots, streets, squares, parks, lanes, alley:
and other divisions, of leveling, raising, and grading the
same, or making thereon all such docks, wharves or slips
work-shops, factories, warehouses, stores, dwellings, and such
other buildings and improvements as may bo found or deemed
necessary, ornamental, or convenient, or usiny any lot or
other portion of any of the said lands for depots and for ag-
ricultural, mining or manufacturing purposes. And they
shall have power to purchase, fill up, occupy, possess. and
enjoy, any marsh or land covered with water, fronting and
adjoining the lands that may be owned by them; and they
may construct thereon wharves, barbors, piers, and slips. and
all other structures requisite or proper for commercial and
shipping purposes: provided, it shall not be lawful for the
company to fill up any such land covered with water, nor to
construct any dock, pier or wharf immediately in front ot
the lands of any otber person or persons owning down to
high-water, without the consent of such person or persons so
owning, first had in w riting and obtained.

S$ 8. ‘That forethe purpose of performing all acts that may
Ee deemed necessary for the benefit of said property, the
board of directors shall have authority to appoint a board of
three persons, to be called the board of control, who shall
have power to make all contracts deemed necessary by them
to improve the material interests and sanitary condition or
the people in the boundaries hereinbefore described. And
for the purpose of having all real estate sold by said com-
pany represented in said board of control, the Potomac land
and improvement company is hereby authorized aud em-
powered to issue to every purchaser of lots or land within
the territory hereinbefore described, one share of what shall
be classed and called representative e stock for each fitty dol-
lars of the purchase money, which stock shall only be trans-
ferable to any subsequent purchaser or inheritor of the pro-
perty on which it was issued. The holder of said stock shail
be entitled to one vote for each share in electing said board
of directors hereinbefore authorized.

2. This act shall be in foree from its passage.