Chap. 373.—An ACT to Amend the Charter of the Atlantic, Chesapeake
and Ohio Transportation and Towing Company.

Approved April 2, 1873.

1. Be it enacted by the general assembly, That the first,
second, fourth and fifth sections of an act entitled an act to in-
corporate the Atlantic, Chesapeake and Ohio Transportation
and Towing company be amended and re-enacted so as to read
as follows:

§ 1. Be it enacted by the general assembly, That it may be
lawful to open books of subscription in the cities of New
York, Philadelphia, Baltimore, Norfolk and Richmond, under
the direction of Marshall Parks, H. Hunter Marshall, Richard
F. Robinson and N. M. Lee, or any two of them, for the pur-
pose of receiving subscriptions to the capital stock of a com-
pany to be known as the Atlantic, Chesapeake and Ohio Trans-
portation and Towing Company, for the purpose of the trans-
portation of freight and passengers by steam and other boats,
upon the Chesapeake bay, rivers, canals and waters connected
therewith.

§ 2. Be it further enacted, That the capital stock of said
company shall not be less than fifty thousand dollars nor more
than one million dollars, in shares of one hundred dollars each;
and the said company shall not be organized until the mini-
mum amount of capital stock herein prescribed shall have been
subscribed and two per cent. thereon paidup. At all meetings
of the stockholders each share shall be entitled to one vote.

§4. Beit further enacted, That the affairs of the company
shall be managed by five directors, one of whom shall be pre-
sident, who shall have power to make such by-laws, rules and
regulations, not inconsistent with the laws of this state, as they
may deem proper for the government and management of said
company.

§ 5. The said company shall organize in two years, or else
forfeit the rights, privileges and franchises herein conferred.

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