Chap. 19.—An ACT to amend and re-enact the act of assembly passed
15th January, 1867, entitled an act to incorporate the Charlottesville
and University Railroad Company, and the act amending the same ap-
proved March 6, 1871.

Approved January 12, 1886.

1. Be it enacted by the general assembly of Virginia, That
the act of assembly passed January fifteenth, eighteen hundred
and sixty-seven, entitled an act to incorporate the Charlottes-
ville and University railroad company, and the act approved
sixth March, eighteen hundred and seventy-one, entitled an act
to amend and re-enact the first and second sections of an act to
incorporate the Charlottesville and University railroad com-
pany, passed January fifteenth, eighteen hundred and sixty-
seven, be amended and re-enacted so as to read as follows:

§ 2. Be it enacted by the general assembly of Virginia, That
from and after the passage of this act George M. Snodgrass, C.
H. Harman, R. F. Harris C. D. Fishburne, J. F. Scott, H. Kest-
ner, and J. H. Snodgrass, and such other persons as they. may
associate with them, their successors and assigns, be and are
hereby created and declared a body politic and corporate,
under the name and style of the Charlottesville and University
Street Railroad Company.

§3. Be it further enacted, That said corporation, by said
name, shall have continuous succession, and in that name may
sue and be sued, plead and be impleaded unto, in any court of
law and equity in this state or elsewhere, where their rights
may come in question; may have and use a common seal, and
the same use, renew, and destroy at pleasure; and may make,
alter, and repeal such by-laws governing its own members, offi-
cers, attorneys, agents, employees, and persons dealing or
having business with it as it considers proper, and as are not‘in
conflict with the general laws of this state. And said corpora-
tion may acquire, purchase, accept, hold, enjoy, and convey any
property, real or personal, or mixed, that may be necessary or
profitable for the purposes of its incorporation, or which it may
acquire in the progress of its business. It shall have power to
fix its rates of toll for the transportation of persons and
property, and collect the same, and in general shall have all
such powers, privileges, rights and franchises, as may be neces-
sary to successfully accomplish and carry on the purposes of its
invorporation. .

§4. Be it further enacted, That said company shall have
power and authority to survey, lay out, construct, equip,
use, and employ a line of railway, of such gauge as the com-
pany may determine, to be operated by horses or mules, or any
other motive-power except steam, with single or double tracks
upon and over any of the streets of the town of Charlottesville
on which the corporate authorities of said town have heretofore
granted, or may hereafter grant, the right of way, subject to
such restrictions and limitations as said town has made; and
also upon and over the highway leading from said town to the
University of Virginia, or upon and over such other route out-
side of said town as may be lawfnlly acquired by said company,
to a point on said highway, near said University public build-
ings, to such point within the grounds of said University as the
rector and board of visitors of said University may prescribe:
provided the said company shall keep the streets and highway

etween the rails, and for one foot on each side of the track, in
good repair. .

§ 5. Be it further enacted, That should it be necessary, for the
successful carrying on of the business of said company, to con-
demn any land for these purposes, it shall have the right to
enter, by its agents, and condemn any land needed, in the man-
ner and under the regulations, conditions, and restrictions pre-
scribed by law for the condemnation of land for works of in-
ternal improvement.

§ 6. Be it further enacted, That the capital stock of said com-
pany shall be twenty thousand dollars, divided into shares of

fty dollarg each, and said company shall have power to issue
bonds to the amount of ten thousand dollars, and to pledge
and bind, by mortgage or deed of trust, or otherwise, their cor-
porate property and franchises, so as. to secure the payment. ot
such bonds. :

§ 7. Be it further enacted, That the books of subscription to
the capital stock of said corporation may be opened under the
superintendence of the persons named in the second section of
this act, or with the consent of a majority of them, who shall
be ex officio directors until such corporation is organized, which
shall be done within thirty days after the passage of this act.
Such organization shall be perfected as soon as the sum of five
thousand dollars shall have been subscribed to the capital stock.

§8. Be it further enacted, That the corporate powers of said
company shall be vested in and exercised by a board of directors,
ont of whom shall be president of the company, and by such
other officers and agents as the board may appoint. Said board
of directors shall consist of not more than seven stockholders,
and the first board shall be elected at such time and in such
manner as the corporators, or a majority of them, may deter-
mine, and annually thereafter by the stockholders of the com-

any, each share of fifty dollars being entitled to one vote.

he by-laws hereinbefore mentioned shall be drafted by the
said board, and certificates of stock shall be issued and trans-
ferable in such manner as they determine.

§ 9. Said Charlottesville and University street railroad com-
pany may carry upon and over their line either passengers or
freight, or both, as the public wants and its interests may re-
quire: provided that all the powers granted by this act shall
cease unless said company shall, within three months from
the passage of this act, begin and continue bona fide operations.
This act shall be subject to repeal, alteration, or modification,
at the pleasure of the general assembly.

§ 10. All laws and parts of laws in conflict with this act be
and the same are hereby repealed.

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