Chap. 328.—An ACT to amend and re-enact section 2 of an act enti-
tled an act to incorporate the Washington, Cincinnati and St. Leuis
railroad company, approved March 15, 1872, as amended by an act
approved March 21, 1877.

a

Approved Apmni 4, 1877.

1. Be it enacted by the general assembly, That the second
section of an act entitled an act to incorporate the Wasbing-
ton, Cincinnati and Saint Louis railroad company, approved
March fifteenth, eighteen hundred and seventy-two, as
amended by an act appraveld March twenty-first, eighteen
hundred and seventy-seven, entitled an act to amend and re-
enact section two of an act entitled an act to incorporate
the Washington, Cincinnati and Saint Louis railroad com-
pany, approved March fifteenth, eighteen hundred and sev-
enty-two, be amended and re-enacted so as to read as follows:

§ 2. That the capital stock of said company shall not ex-
ceed the sum of fifteen millions of dollars, to be divided into
sbares of one hundred dollars each, and when five hundred
shares shall have been subscribed by persons or corporations,
under the direction of any three of the corporators herein-
before named, the subscribers shall assemble in Luray, Vir-
ginia, upon the call of the first five-named corporators or a
majority of the same, to organize the company under this
act, to elect a president and board of directors, whose term
of office shall be three years. Subsequent elections for presi-
dent and hoard of directors shall be made by the stockholders
in general meeting, and their term of office shall be for one
year after the first under this act. Any vacancy during the
term of office of the president or directors shall be filled for
the unexpired term by the board of directors. There shall
be a general meeting of the stockholders of said company at
Jeast once a year, upon some day to be designated by the
president and board of directors; of which meeting notice
shall be given by publication in some newspaper published
in the town of Harrisonburg, for at least thirty days; and a
general meeting of stockholders may be held at any time
upon the call of stockholders representing fifty thousand
dollars of paid up capital stock, at such place as they may
designate in their call, upon their giving like notice, by pub-
lication of said meeting, at which meeting any business may
be transacted that should appertain to any other regular
meeting of stockholders.

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