CHAP. 645.—An ACT to incorporate the Winchester street rail-
way company.

Approved March 6, 1890.

1. Be it enacted by the general assembly of Virginia,
That H. H. Baker, John L. Wiasler, John H. Streckheiser.
John W. atin, R. E PY rd, William H. Baker (of William
B.), W. S. Love, Cc. Ss. W. Barnes, or such of them as may
accept the provisions of this act, their associates, succes-
sors and assigns, be, and they are hereby, incorporated and
inade a body politic and corporate under the name and
style of the Winchester street railway company, and by
that name shall be known in law, and as such are author-
ized and empowered to jocate, construct, maintain, and
operate a street railway on any streets or highways in or
in the vicinity of the city of Winchester for public use in
the conveyance of passengers or freight by any power.

2. Such street railway shall not be located or constructed
except with the consent first had and obtained of the local
authorities having control of the streets or highways pro-
posed fo be used, but such railway shall not be located or
constructed except with the consent of and under such
regulations as may be imposed by the local authorities
having control of the streets or highways proposed to be
used.

3. The said company shall have perpetual succession, and
have power to sue and be be sued, plead and be impleaded.
defend and be defended in all courts, whether at Jaw or
in equity, and may make and have a common seal and
alter or renew the same at pleasure; and shall have and
possess and enjoy all the rights and privileges of a corpo-
ration or body politic in the law and necessary for the pur-
poses of this act.

4. The capital stock of said company shall be five thou-

sand dollars, but may, from time to time,in the discretion
of the directors, be increased to an amount not exceeding
one hundred thousand dollare, requisite for the purposes
of the said company, by issue ‘and sale of shares—the par
value of which shall be fifty dollars—from time to time.
on such terms and under such regulations as the hoard of
directors of said company shall from time to time pre-
scribe; and the directors may receive in payment of sub-
scriptions to the capital stock and of the sale of shares.
cash, labor, material, real and personal property, at such
valuations as may be agreed upon between the directors
and the subscribers or purchasers, payable in such man-
ner or amounts and at such times as may be agreed upon
with the subscribers.

5. It shall be lawful for the company to acquire, by
donations or purchase or condemnation, as provided for
in the code of Virginia, land for right of way, depots, sta-
tions, and other purposes necessary for the successful con-
struction and operation of its road, and to contract with
other corporations for the supply of power it may require
for the operation of its line.

6. It shall be lawful for said company to borrow money
or issue and sel] its bonds from time to time for such sums
and on such terms as its board of directors may deem
expedient and proper, and to secure the payment of said
bonds by mortgages or deeds of trust upon all or any por-
tion of its property, railroads, and franchises, including
its franchise to be a corporation.

7. The said company shall be required to commence
and complete the construction of said railroad within ten
years from the passage of this act, or otherwise the powers,
privileges, and franchises hereby granted shall be annulled
and become void.

8. After ten days’ notice by publication in a newspaper
published in Winchester, giving the time and place of
meeting, such of the within named incorporators as shall
asseinble, may proceed to organize the said company by
adopting by-laws, designating the number of directors, and
other rules and regulations for the orderly and proper con-
duct of the affairs of thecompany. The directors shall be
stockholders, and shall hold office for the term of one year,
or until their successors are elected and qualified. The
board of directors shall elect one of their number presi-
dent, and may fill any vacancy that may occur in said
board, unless by removal. The stockholders at any called
or general meeting may remove any or all of the directors
and fill the vacancies thus occurring. For the purpose of
electing directors or other officers, and transacting other
business of the company, there shall] be an annual meeting
of the stockholders on a day fixed by the by-laws, at the
principal office of saidcompany. Each stockholder shall
have atall meetings of the stockholders one vote for each
share of stock registered. Upon the election of a pres-
ident, the company shall be considered legally organized,
and may proceed to the transaction of business.

9. The principal office of the said company shall be at
Winchester, Virginia.

10. All taxes and debts and demands due, or to become
due, to the commonwealth by said company shall be paid
in lawful money of the United States and not in coupons.

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