Chap. 201.—An ACT to Incorporate the Norfolk and Lynnhaven River
Railrvad Company.

Approved March 15, 1872.

1. Be it enacted by the general assembly, That it shall be
lawful to open books of subscription in one or more places in
the city of Norfolk, under the direction of James L. Garrison,
W. H. Turner, J. F. Welborn, Virginius Freeman, W. L. Os-
wald, Cicero Burruss, Thomas Bottimore, T. B. Ruffin, J. M.
Harrison, and E. C. Robinson, or any three of them, and at
such other place or places as a majority of the above named
commissioners may designate, for the purpose of receiving
subscriptions to an amount not less than fifty thousand dollars
nor more than two hundred thousand dollars, in shares of one
hundred dollars each, to constitute the capital stock of a com-
pany to be called the Norfolk and Lynnhaven River Railroad
Company, for the purpose of constructing a railroad from the
city of Norfolk to a point at the mouth of the Lynnhaven
river, in the county of Princess Anne.

2. The said company shall have the meht to hold and em-
ploy such machinery aud other appliances as their business
may require, and are hereby vested with all the rights, powers
and. privileges conferred, and subject to all the restr ictions im-
posed by laws of the state upon bodies politic and corporate,
so far as the same are applicable to and not inconsistent with
d]liie ant.
3. That the said company shall have power to borrow money
on its bonds, or other evidences of debt, to an amount not ex-
ceeding its capital stock, bearing interest at a rate not exceed-
ing that allowed by law, which bonds may be secured by a
pledge of the income and property of said company.

4. The said company is hereby authorized to receive and
hold land or other species of property in payment of subscrip-
tions to the capital stock, and to convey and otherwise dispose
of the same: provided, that they shall not at any one time hold
real estate to exceed in value the amount of the capital stock
of said company. ]

5. The work on the proposed road herein authorized to be
constructed shall be commenced within three months from the
passage of this act, and be completed within the period of two
years.

6. This act shall be in force from and after its passage.