Chap. 316,.—An ACT to Incorporate the Norfolk and Sewell'’s Point Rail-
road Company.

Approved March 23, 1872.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books of subscription in the city of
Norfolk, under the direction of George W. Gree, William
Lamb, Washington Reed, 5. C. Denise, Marshall Parks, N. J.

Baker, N. H. Armstrong, John McWhorter, 5. SS. Nottingham
and Gilbert Elliot, or any five of them, for the purpose of
receiving subscriptions to an amount not exceeding fifty thou-
sand dollars in shares of one hundred dollars each to ‘consti-
tute a joint capital stock for constructing and maintaining a
railroad from the city of Norfolk to Sewell’s Point or some
other point in the counties of Norfolk or Princess Anne on the
bay or coast.

2. Whenever fifteen thousand dollars of the amount afore-
said shall have been subscribed, the subseribers, their execu-
tors, administrators and assigns shall be and they are hereby
declared and constituted a body politic and corporate, under
the name and style of “The Norfolk and Sewell’s Point Rail-
roaul Company,’ and shall be entitled to all the privileges con-
ferred and subject to all the restrictions and regulations imposed
by the Code of Virginia and acts of the preneral assembly
amendatory thereof so far as the same are applicable to and not
inconsistent with this act.

3. The capital stock of said company may be increased from
time to time, by the board of directors, to such an amount as
they may deem necessary for the interest of the company, not
exceeding two hundred thousand dollars; and the board of
directors of said company, for the purpose of fully construct-
ing, equipping and maintaining said road, shall also have the
power to issue bonds to an amount not exceeding the capital
stock of said company in such sums not less than one hundred
dollars each and bearing interest not exceeding the rate now
allowed by law, payable, principal and interest, at such times
and places and in such manner as may be deemed most advan-
tageous to said company, and may secure the same by one or
more mortyacves or deeds of trust on the road, franchises,
incomes and real or personal property of said company, or such
parts thereof as may be designated in the mortgage or deed ot
trust.

4. It shall be lawful for said company to acquire in subscrip-
tions to the capital stock of said company, or by donation,
land, property, materials or labor; and the said company may
sell, lease or otherwise dispose of any land or other property
acquired under the provisions of this section.

5. Each stockholder shall be entitled to vote in the meetings
of the stockholders of said company one vote for every share
of stock held or represented by him.

6. Said company may cross any navigable stream along the
line of its route: provided, however, that the navigation of
such stream be not interfered with.

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