Chap. 200.—An ACT to incorporate the Virginia and Maryland steam ferry
company.

Approved February 10, 1894.

1. Be it enacted by the general assembly of Virginia, That William
E. Clark, Levi Woodbury, John Callahan, Clarence E. Norment, C.
B. Orcutt and A. 8. Britton, their associates, successors and assigns,
be, and they are hereby, declared a body politic and corporate by the
name and style of the Virginia and Maryland steam ferry company,
for the purpose of equipping, maintaining and operating a steam
ferry for the transportation of freight and passengers between any
point or points on the Potomac river, including the city of Alexan-
dria, within the state of Virginia, to any point or points on the said
Potomac river, within the state of Maryland or District of Columbia.

2. The said company shall have perpetual succession and a com-
mon seal, which it may renew or alter at pleasure, and it shall be
entitled to all the rights and privileges conferred and subject to all
restrictions imposed by the laws of Virginia, as faras the same may
be applicable and not inconsistent with this act. :

3. It shall be lawful for said company to acquire in subscription
to its capital stock, or by donation, money, lands or other damages,
labor, material, bonds or other means available for that purpose, and
to receive subscriptions from individuals, other companies, associa-
tions or corporations.

4, It shall be lawful for any incorporated company to aid in the
constructing and operating of the vessels of the said company, and
for that purpose may acquire the stock or bonds of the said Virginia
and Maryland steam ferry company, and it may run, use and ope-
rate by lease or otherwise the vessels of any other company upon
such terms as may be agreed upon by the party or parties owning the
same.

5. The capital stock of the said company shall not be less than twen-
ty-five thousand dollars, divided into shares of fifty dollars each, and
may, with the consent of a majority of its directors, increase its cap-
ital stock from time to time to an amount necessary for constructing,
equipping and operating its steam vessels.

6. Said company shall have the power to borrow money to such an
amount as it may deem proper and necessary, and to issue for any
such loan debentures or bonds of the company, bearing interest at such
rates per annum as the said company may determine, and to secure
payment of such loan or loans said company may execute one or
more mortgages or deeds of trust on the whole or any part of its
property, real, personal and mixed, its charter rights, franchises and
Income.

7. The incorporators herein mentioned, whether present in person
or by proxy, shall have the power and authority of a president and
board of directors for the purpose of organization of said company
and for all other purposes until a president and board of directors
shall be selected; they may elect one of their number chairman, who
shall have all the power and authority of a president of said com-
pany.

8. Books of subscription to the capital stock of said company shall
be opened at such times and places and upon such notice as the in-
corporators may determine. Meetings of incorporators, directors or
stockholders may be held at any point in Virginia or the District of
Columbia.

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