CHAP. 126.—An ACT to incorporate the Dinwiddie railway.

Approved January 31, 18980.

1. Be it enacted by the general assembly of Virginia
That P. L. Conquest, J. P. Carson, H. A. Tabb, Otway;
Warwick, G. A. Gibson, and such persons and corporations
as they may associate with them, shall be, and are hereby
constituted a body corporate and politic by the name o:
the Dinwiddie railway company, and by that name shal
have all the powers, rights, and privileges and franchise:
granted to railways chartered under the laws of this state
with the privilege to locate, construct, and equip a nar
row or standard gauge railway from some point on th
Petersburg railroad at or near Ream’s station, in th
county of Dinwiddie, and thence through said county t
some point at or near Dinwiddie court-house.

2. Said company shall have perpetual succession anc
common seal, which it may renew or alter at pleasure
may sue or be sued, plead or be impleaded, contract or be
contracted with, make ordinances, by-laws, and regula
tions not inconsistent with the laws of the state of Vir
ginia for the government of its officers and its agents and
for the proper conduct of its affairs.

3. It shall be lawful for the said company to issue bonds
for the construction of its road, and to secure payment of
the principal and interest on the same by mortgage or
deed of trust upon its property, franchises, &c.

4. Subscriptions to the capital stock of the said com-

) pany may be made in money, materials, or land, and said

company may also acquire lands by gifts or purchase and
shall have power to have and sell the same; provided,
that the amount of land shall not exceed five thousand
acres.

5. The capital stock of the said company ehall not be

~ Jess than one hundred thousand dollars nor more than

two million dollars, to be divided into shares of one hun-
dred dollars each, and each share of stock to be entitled
to one vote.

6. The corporation herein mentioned shall have the

- power and authority of a president and board of direc-

tors for the purpose of organization of said company, and
for all other purposes until a president and board of direc-
tors shall be elected at a stockholders’ meeting, and such
meeting shall be held upon such notice as the corporators
shall deem proper.

7. It shall be lawful for any of the corporators here-
in mentioned, after giving ten days’ notice in some news-
paper of general circulation published in Virginia, to
open books of subscription to the capital stock of said
company, and when the minimum of that capital stock
shall have been subscribed, the corporators shall elect one
of their number a chairman who shall have the power and
authority of president of said company, and in all mat-
ters a majority of said corporators shall have control.

8. The work on said railway shall be commenced within
two years and completed within ten years from the passage
of this act.

9. The said company shall have power to cross, unite,
connect with, or consolidate with any line of railway con-
structed or to be constructed within this state, and may
acquire by lease or purchase, or by lease or purchase may
be acquired by any railway constructed or to be con-
structed within this state; provided, that it be not a
parallel or competing line.

10. The said corporation shall pay all debts, dues and
demands to the state of Virginia in lawful money of the
United States and not in coupons. ;

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