Chap. 167.—An ACT to incorporate the Norfolk and Gloucester Steam-
boat Company.

Approved February 21, 1882.

1. Be it enacted by the general assembly of Virginia, That
James Duncan, James K. Dabney, William J. Moth, William
K. Perrin, Peter W. Smith, Howell P. Janvier, Joseph L.
James, Edward H. Rowe, Henry Glass, William T. Allen, W.
D. Todd, Samuel D. Puller, William Lamb, A. W. Wrenn, E.
T. Powell, Gerard Hopkins, D. Williams, A. S. Martin, W.
B. Rogers, M. L. T. Davis, T. A. Williams, W. F. Walke, W.
A. Graves, R. P. Voight, or such of them as may accept the
provisions of this act, and their associates and successors, be
and they are hereby made a body politic and corporate,
under the name and style of the Norfolk and Gloucester
Steamboat Company.

2. Such company, under its corporate title, may make and
use a corporate seal, which it may alter or renew at its pleas-
ure, and may sue and be sued, plead and be impleaded, con-
tract and be contracted with, and make by-laws, rules, and
regulations consistent with existing laws of the state, for the
management of its affairs and the government of all under
its authority.

3. The capital stock of said company shall not be less than
ten thousand dollars nor more than one hundred thousand
dollars, and said company may issue and sell shares of its
stock at not less than ten dollars each, under such regula-
tions as the board of directors of said company, from time
time, may prescribe.

4, The said company is hereby authorized to purchase and
hold a steamboat, or steamboats, and to erect and hold such
warchouses, and build such wharves in the Mobjack bay,
North, Ware, and Severn rivers, as may be necessary for the
business thereof.

5. The said company is hereby authorized to borrow, from
time to time, such sum, or sums, of money as may be neces-
sary for the purpose of running a steamboat from the city of
Norfolk up said rivers, and to that end may issue bonds of
said company at a rate of interest not exceeding seven per

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centum, and may mortgage, sell, and convey any or all of its
corporate property.

6. The persons first named in this act, or any seven of
them, shall constitute the first board of directors of said
company, and shall continue in office until the first meeting
of the stockholders thereof.

7. The annual meeting of the stockholders of said com-
pany shall bo on the second Tuesday in February of each
year, in the city of Norfolk, or on such day and at such
other place as the stockholders may prescribe.

8. The directors, at their first meeting, shall elect a presi-
dent; and after the organization of said corporation, may open
books for the subscription of stock, from time to time, as they
may deem proper.

9. At meetings of stockholders, each stockholder shall have
one vote for each share held, and may vote either in person
or by proxy; but no subscriber who has not paid his sub-
scription, shall be entitled to vote.

10. Any seven of said board of directors shall constitute a
quorum for the transaction of the business of said corpora-
tion.

11. No stockholder in said company shall be liable or be
made responsible for its debts and liabilities in any larger or
further sum than the amount of any unpaid balance due said
company for stock subscribed.

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

Chap. 167.—An ACT to incorporate the Norfolk and Gloucester Steam-
boat Company.

Approved February 21, 1882.

1. Be it enacted by the general assembly of Virginia, That
James Duncan, James K. Dabney, William J. Moth, William
K. Perrin, Peter W. Smith, Howell P. Janvier, Joseph L.
James, Edward H. Rowe, Henry Glass, William T. Allen, W.
D. Todd, Samuel D. Puller, William Lamb, A. W. Wrenn, E.
T. Powell, Gerard Hopkins, D. Williams, A. S. Martin, W.
B. Rogers, M. L. T. Davis, T. A. Williams, W. F. Walke, W.
A. Graves, R. P. Voight, or such of them as may accept the
provisions of this act, and their associates and successors, be
and they are hereby made a body politic and corporate,
under the name and style of the Norfolk and Gloucester
Steamboat Company.

2. Such company, under its corporate title, may make and
use a corporate seal, which it may alter or renew at its pleas-
ure, and may sue and be sued, plead and be impleaded, con-
tract and be contracted with, and make by-laws, rules, and
regulations consistent with existing laws of the state, for the
management of its affairs and the government of all under
its authority.

3. The capital stock of said company shall not be less than
ten thousand dollars nor more than one hundred thousand
dollars, and said company may issue and sell shares of its
stock at not less than ten dollars each, under such regula-
tions as the board of directors of said company, from time
time, may prescribe.

4, The said company is hereby authorized to purchase and
hold a steamboat, or steamboats, and to erect and hold such
warchouses, and build such wharves in the Mobjack bay,
North, Ware, and Severn rivers, as may be necessary for the
business thereof.

5. The said company is hereby authorized to borrow, from
time to time, such sum, or sums, of money as may be neces-
sary for the purpose of running a steamboat from the city of
Norfolk up said rivers, and to that end may issue bonds of
said company at a rate of interest not exceeding seven per

Google
centum, and may mortgage, sell, and convey any or all of its
corporate property.

6. The persons first named in this act, or any seven of
them, shall constitute the first board of directors of said
company, and shall continue in office until the first meeting
of the stockholders thereof.

7. The annual meeting of the stockholders of said com-
pany shall bo on the second Tuesday in February of each
year, in the city of Norfolk, or on such day and at such
other place as the stockholders may prescribe.

8. The directors, at their first meeting, shall elect a presi-
dent; and after the organization of said corporation, may open
books for the subscription of stock, from time to time, as they
may deem proper.

9. At meetings of stockholders, each stockholder shall have
one vote for each share held, and may vote either in person
or by proxy; but no subscriber who has not paid his sub-
scription, shall be entitled to vote.

10. Any seven of said board of directors shall constitute a
quorum for the transaction of the business of said corpora-
tion.

11. No stockholder in said company shall be liable or be
made responsible for its debts and liabilities in any larger or
further sum than the amount of any unpaid balance due said
company for stock subscribed.

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