CHAP. 833.—An ACT to amend and re-enact sections 6 and 8 of
an act to extend the corporate limits of the town of Smithfield,
in the county of Isle of Wight, passed February 28, 1856.

Approved February 28, 1890.

1. Be it enacted by the general assembly of Virginia,
That sections six and eight of the act to extend the corpor-
ate limits of the town of Smithfield, in the county of Isle
of Wight, passed February twenty-eighth, eighteen hun-
dred and fifty-six, be amended and re-enacted so as to read
as follows:

§6. All the powers, privileges, rights and capacities
vested in justices of the peace for the county of Isle of
Wight, are hereby vested in the mayor and each one of
the aldermen of the town of Smithfield; and all rights,
powers, privileges and capacities of a sheriff are hereby
vested in the sergeant or sergeants of the corporation within
the jurisdiction of the said council, as defined by the
limits of the said town, and if there be no sergeant, the
sheriff or constable of the county shall be authorized to
do and perform all acts and duties authorized to be done
and performed by the sergeant by this act. The style of
the corporation shall be the corporatjon of Smithfield,
under which style it may sue and be sued, and exercise
all the privileges conferred on cities and towns by chapter
forty-four of the code of eighteen hundred and eighty-
seven.

§8. All acts and parts of acts respecting trustees of the
town of Smithfield and all acts and parts of acts in con-
flict with this act are hereby repealed.

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

Ciuap. 884.—An ACT to incorporate the Richmond equipment
wand security Company.

Approved Februnry 2s, 1890,

1. Be it enacted by the general assembly of Virginia,
That William H. Palmer, W..R. Trigg, J. J. Montague, R.
A. Laneaster, T. W. Pemberton, Thomas Atkinson and
Norman V. Randolph, and their associates and successors,
are hereby made and constituted a body politic and cor-
porate by the name of the Richmond equipment and se-
curity company, and by that name shall have all the gen-
eral powers conferred by the Jaws of Virginia, so far as the
same may be applicable and are not inconsistent with the
provisions of this act.

2. The said company shall have power to construct,
maintain and operate machine-shops, docks, ship-yards,
railroads or marine equipment, and machinery of every
description, and all other appliances needed therefor, and
may also acquire by lease or purchase, and be invested
with and use and operate the works, property, franchises,
stock and bonds, rights, privileges and immunities of any
individual, firm or corporation operating a machine-shop,
dock, or ship-yard, or manufacturing railroad or marine
equipment or machinery of any description. And the
company hereby incorporated may unite or consolidate
with such other company or companies as aforesaid, upon
such terms as may be agreed upon; and power is hereby
conferred upon all such individuals, firms or companies to
transfer, by sale or lease, their works, property, stock,
bonds, franchises, rights, privileges and immunities to the
company hereby incorporated, or to unite and consolidate
with the company hereby incorporated upon such terms as
may be agreed upon; and in order to carry out the terms
of any such consolidation, purchase or lease, as is hereinbe-
fore authorized, this company may issue its stock and bonds
and use the same in payment for the works, property,
stock, bonds, franchises, rights, privileges and immunities
so to be acquired.

d. The company hereby incorporated shall also have the
power to take and acquire by purchase or otherwise, and
upon such terms as may be agreed upon between the par-
ties, and to negotiate and sell the bonds, stock, or othér
evidences of indebtedness of any individual, firm, or cor-
poration, and shall have power to guarantee the payment
of the principal and interest of the bonds, or other evi-
dence of indebtedness, and dividends on stock of any in-
dividual, firm, or corporation.

4. The company hereby incorporated shall have the
right to acquire and own land to an amount not exceeding
five thousand acres at any one time.

5. The capital stock of said company shall not be less
than two hundred thousand dollars, and the same may be
increased from time to time, at an annual or special meet-
ing, if a majority in interest of the stockholders of said
company so determine, to a sum not to exceed fhree mil-
lions of dollars, and shall be divided into shares of one
hundred dollars each. Subscriptions to the capital stock
may he received by the corporators herein named, or a
majority of them, at such time and place as they may ap-
point, and with or without notice, as they may deem best,
and as soon as the minimum capital stock has been sub-
scribed, the said subscribers may organize as a corpora-
tion, and proceed to elect a president and board of di-
rectors, and adopt such by-laws and regulations as may be
proper for the management of the affairs of the company,
and thereafter further subscriptions to the capital stock
may. be received by the board of directors. Subscriptions
to the capital stock may be payable either in money, land,
labor, material, rights, or other property, upon such terms
and conditions and at such price as may be agreed upon
between the said company and subscriber.

6. The principal office of the company hereby incor-
porated shall be located in the city of Richmond, Vir-
ginia.
7. The said company may from time to time borrow
money, and issue bonds, and secure the payment of the
same by a deed or deeds of trust or mortgage, conveying
its works, property, franchises, rights, privileges, and im-
munities, and the stock, bonds, or other evidences of in-
debtedness of any individual, firm, or corporation, which
it is hereby given the right to acquire; or such part or
parts thereof as it may desire to embrace in such deed of
trust or mortgage.

8. All taxes due the commonwealth by the said com-
pany shall be paid in lawful money and not in coupons.

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