Chap. 266.—An ACT to Amend and Re-enact Sections 6, 10 and 11 of
an Act approved the 5th day of February, 1873, entitled an Act to In-
corporate the Richmond Building and Improvement Company, and to
Repeal the 5th Section of said Act.

Approved March 28, 1873.

1. Be it enacted by the general assembly, That sections six,
ten and eleven of the act approved fifth day of February,
eighteen hundred and seventy three, entitled an act to incor-
porate the Richmond Building and Improvement Company, be
and the same are hereby severally amended and re-enacted so
so as to read as follows:

§ 6. The company shall have the privilege of issuing their.
bonds in sums of one hundred dollars, or any multiple thereof,
either with or without coupons attached, and running any
length of time from three months to thirty years, and bearing
any rate of interest not exceeding ten per cent. per annum.
$10. To more fully carry out the objects of this company,
said company is hereby empowered and authorized to build
and operate street railways, omnibuses or other suitable sub-
stitutes, from or near any of their improvements; and, if
deemed desirable, to connect the same with similar railways
now or hereafter running in the city of Richmond or within
eight miles thereof: provided, the assent of all proper autho-
rities is first obtained for such connection. Said company is
authorized to regulate from time to time rates of charge for
the transportation of passengers on or over the lines of their
improvements: provided, such rates shall not exceed twenty.
five cents for the conveyance of a passenger from any one point
to another between the termini thereof.

§ 11. The officers of this company shall consist of a presi-
dent and six directors, a treasurer, a secretary ; an agent to rent
out or sell their property, and to perform such other duties as
may be required of him; and such other officers and agents as
the board of directors, by authority of the stockholders, may
appoint. Any four of the board of directors (the president
being ex-officio a member of the board) shall constitute a quo-
rum. The president, in meetings of this board, shall give the
casting vote in case of a tie; but shall have no other vote in
meetings of the board, unless the stockholders otherwise deter-
mine. The treasurer or agent may also act as secretary, and
the directors may hold any other office.

2. Be it further enacted, That the fifth section of said act be
and the same is hereby repealed.

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