Chap. 233.—An ACT to ‘Amend and Re-enact the Eighth Section of an Act
Entitled an Act Incorporating a Company for Improving the Navigation of
the Rivanna River, Passed March 2, 1827.

Approved March 29, 1871.

1. Be it enacted by the general assembly of Virginia, ‘That
section eight of an act entitled an act incorporating a company
for improving the navigation of the Rivanna river, passed
March two, eighteen hundred and twenty-seven, be amended
and re-enacted so as to read as follows:

Ҥ 8. Be it further enacted, That the presence of stock-
holders having one-fifth, at least, of the whole number of shares
subscribed, shall be necessary to constitute a general meeting,
and that there be a general meeting of the said stockholders on
the first Tuesday in April of every year, at such convenient place
as shall, from time to time, be appointed by said general meet-
ing; but if a sufficient, number should not attend on that day,
the said stockholders who do attend, may adjourn said meet-
ing from day to day until a general meeting of stockholders
shall be had, which general meeting so convened, shall be ad-
journed from day to day until the business of the company be
finished; to which meeting the president and directors shall
report, and render distinct and just accounts of all their pro-
ceedings, and on finding them fairly and properly stated, the
stockholders then present or a majority of them, shall give a
certificate thereof, a duplicate of which shall be entered of
record on the books of said company, and at such annual
meetings, after leaving in the hands of the treasurer such sum
as a majority of the stockholders shall judge necessary for
carrying on the works, for the repairs, and for contingent ex-
penses, an equal dividend of all the net profits arising from
tolls hereby given, shall be made among all the stockholders
of said company in proportion to their several shares; and
upon every emergency, in the intervals between the said an-
nual meetings, the said president and a majority of the said di-
rectors may appoint a general meeting of the said stockholders
of said company at such place as they deem most convenient,
giving at least one month’s notice thereof, in some newspaper
printed in Charlottesville and Richmond; which meeting may
e adjourned and continued as aforesaid.” |
2. This act shall be in force from its passage.