Chap. 354.—An ACT to amend and re-enact sections one and two of
an act entitled an act to incorporate the Manchester Railway and
Land Improvement Company, passed April 21, 1882.

Approved March 10, 1884.

1. Boitenacted by the general assembly of Virginia, That
sections one and two of an act entitled an act to incorporate
the Manchester railway and land improvement company, ap-
yroved April twenty- first, cighteen hundred and eighty-two,
be amended and re-enacted so as to read as follows:

$1. Beit enacted by the general assembly of Virginia, That
Thomas B. Brooks, A. 8. Butord, E. S. Hamlin, C. C. McRae,
John PB. Branch, Leigh R. Paso, Joseph Walker, William G.
Tavlor, William J. Clopton, Charles W. Turner, C. T. Jones,
William F. Giddings, James I. Bradley, James L. Robertson,
James T. Gray, and their associates, successors and assigns,
be and they are hereby declared to be a body corporate and
politic, by the name of the Manchester Railway and Improve-
ment Company, and by that name and style are hereby in-
vested with all the rights, powers and privileges conferred,
and made subject to all the rules, regulations and restrictions
imposed by the Code of Virginia, and all general laws appli-
cable to such institutions that are not inconsistent with this
act.

§2. The capital stock of said corporation shall not be less
than fifteen thousand dollars, nor more than five hundred
thousand dollars, to be divided into shares of twenty-five
dollars cach. Five dollars per share shall be paid in on each
share subscribed before the company shall commence busi-
ness; the remaining instalments may be called in from time
to time, ws may be required by the board of directors, and
the betore-named Corporators, or a majority of them, are
hereby authorized and created a commission to receive sub-
scriptions for stock, and for this purpose they may open
books of subscription in such manner as they may deem
necessary, and keep the same open until they or other persons
shall have subscribed the minimum amount of capital stock
named, and thereafter, within their discretion, they may call
a meeting of stockholders. who may proceed fully to organize
the company. ‘The capital stock may be increased from time
to time until the maximum sum named in this act is reached.
The city of Manchester is hereby authorized to subscribe to
the capital stock of the said company a sum not exceeding
ten thousand dollars. The council of said) city is hereby
authorized to borrow money to make good such subscription,
and is further authorized to borrow so much money as may
be necessary to improve any strect or streets in said city,
which may be selected by said company for the route
routes of its railroad; but before the council of the city of
Manchester shall subscribe stock or issue bonds as aforesaid,
they shall be authorized so to do by a vote of the qualified
voters of the city of Manchester, according to the provisions
of chapter sixty-one of the Code of Virginia, edition of eigh-
teen hundred and seventy-three; but nothing herein contained
shall be construcd as to modify or repeal any provision of the
charter of said city, except to the extent and for the special
purposes herein mentioned. No stockholder shall be liable
for more than the stock held by him and any unpaid quota
thereon.