Chap. 340.—An ACT to Amend and Re-enact an Act entitled an Act to
Charter the Richmond and Peninsula Railway Company, passed 27th
February, 1866.

Approved Jaly 11, 1870.

1. Be it enacted by the general assembly of Virginia, That
G. L. Thompson, James K. Wilks, John E. Wilson, F. O.
Prince, Samuel Sneeden, Edmond .Pechin, Frank O. Forbes,
John O. Reid, Ambrose C. Dunn, Thomas H. Wynne, Stuart
Gwynn, James M. Sellers, J. T. Simms, R. H. Catlett, Henry
D. Cooke, Charles T. Sherman, Francis W. Lemosy, and E. S.
Hamlin, and their associates and successors, shall be and are
hereby incorporated as a body politic and corporate, by the
name and style of The Richmond and Newport News Rail-
road Company, and invested with all the rights and privileges,
and subject to all the restrictions conferred and imposed by
chapters fifty-six and fifty-seven of the Code of Virginia, and
all general laws, so far as the same may be applicable and not
inconsistent with this act.

2. The capital of the said company shall be three mil-
lions of dollars, divided into shares of one hundred dollars
each; but the company may be organized and proceed to exer-
cise its functions as soon as one million of dollars shall be
subscribed, and one hundred thousand dollars thereof shall be
actually deposited if any bank or banking-house in the city of
Richmond, to the credit of the said company. And a public
meeting of the stockholders shall be called, James Lyons,
Thomas H. Wynne, H. G. Fant, or any one of them (who are
appointed commissioners for the purpose), in the city of Rich-
mond, by public notice in one or more of the daily newspapers
published in the said city. At such meeting, one or more of
said commissioners shall attend, and receive all additional sub-
scribers for the said stock who may offer and pay up ten per
,centum of such subscription. The said commissioners shall
cause the names of all the stockholders to be entered in a
book to be procured for that purpose; and also the certificate
of deposit of the said sum of one hundred thousand dollars as
aforesaid, and of additional deposits made by or for new sub-
scribers, in like manner, enter and publish their own certificate
of the fact of such deposits; whereupon, the said company
shall proceed to the election of officers according to the Code
of Virginia.

3. If the capital be not subscribed at or before said first
meeting, the said company may receive new subscriptions on
all new stock, until the whole capital is subscribed.

4, It shall be the duty of said company to build and equip
the said railway from the city of Richmond to Newport News,
at such gauge as may connect with the Virginia Central rail-
way and the York river railroad, with which it is authorized
to connect, and which are aathorized to connect with it. The
rails upon the said road shall be of not less weight than fifty-
four pounds per yard; the joints shall be fished, and the ties
and spikes of the best quality used by first-class railways.
5. The said road shall be completed to Williamsburg by
the first day of July, eighteen hundred and seventy-two; and
to Newport News by the first day of January, eighteen hun-
dred and seventy-three; and if not thus completed, the said
company shall be deprived of all the privileges conferred by
this act.

6. The said company may condemn, according to the laws
of Virginia, land for their roadway, depot stations, or other
necessary purposes: provided, that they shall not be allowed to
condemn more than two acres of land in the city of Richmond,
nor more than forty acres at any one point in the country below
Richmond.

7. In all meetings of the stockholders of the said com-
pany, those only shall be allowed to vote who have complied
with the terms of subscription; and each share of stock shall
entitle the holder of it to one vote.

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