Chap. 230.—An ACT to Incorporate the Norfolk-Dock Warehouse and
Improvement Company.

Approved March 29, 1876.

1, Beit enacted by the general assembly of Virginia, That
it shall be lawful for V. D. Groner, George Blow, R. C. Tay-
lor, W. W. Gwathmey, W. B. Rogers, John E. Doyle, and A.
Gordon Milhado, or @ majority of them, as commissioners, to
open books of subscription at such times and places, on public
notice of the same being given in one or more papers of the
city of Norfolk, for at least ten days in advance, and to re-
ceive subscription to the same, under such rules and regula-
tions as they may prescribe.

2. That the capital stock of said company, actually sub-
scribed by persons, firms, or other incorporations, solvent and
able to pay, necessary to the formation of the said Norfolk-
dock warehouse and improvement company, shall not be less
than fifty thousand dollars, and its maximum capital shall not
be more than one million dollars, all in shares of one hundred
dollars each, and on which at the time of subscription two
per centum shall be paid down in cash; and each share of
stock so actually subscribed, shall be entitled to one vote in
the formation and future government of the company.

3. Thai whenever the minimum capital for organization
shall have been subscribed, the commissioners shull, on ten
days’ notice, given in one or more newspapers of the city of
Norfolk, convene the subscribers, when, under their supervi-
sion, a majority may organize said company, by the forma-
tion of a code of by-laws, and the election of a president and
four directors, for such terms of office as may be by the by-
laws of the company prescribed; and on such organization of
the said company, the commissioners shall turn over to its
treasurer the books of subscription and money to them paid,
less such expenses as may have been by.them incurred in the
discharge of their functions as here imposed, and when they
shall cease. .

4. The said company shall have all the powers now con-
ferred by the laws of the state upon joint stock companies
generally, and shall be subject to the restraints and condi-
tions of the same, with the right to sue and be sued, and to
hold real estate in fee; and the said company’ shall have
power to build docks, and wharves and warehouses, and to
use, hire, let, lease, rent, sell, and convey the same, not in
conflict with the municipal laws of the city of Norfolk; and
for such purposes the said company may acquire, any pro-
perty needful for the same,-by purchase or lease, or in the
case of any unimproved property, or lands unoccupied by
buildings, may condemn the same in the manner provided by
the seventh, eighth, ninth, tenth, eleventh and twelfth sec-
tions, chapter fifty-six, Code eighteen hundred and seventy-
three.

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