Chap. 314.—An ACT to amend and re-enact Sections 3 of an act en-
titled an act to amend and re-enact 2, 3, 4 and 6 of an act to incor-
porate the Norfolk and Sewell Point railroad company, approved
March twenty-second, eighteen hundred and seventy-two, and to
change the name of said company, approved January fourteenth,
eighteen hundred and eighty-two, as to the issuing of mortgage

bonds.
Approved March 1, 1886.

Be it enacted by the general assembly of Virginia, That
section three of an act entitled an act to amend and re-enact
sections two, three, four and six of an act to incorporate the
Norfolk and Sewell Point railroad company, approved March
twenty-second, eighteen hundred and seventy-two, and to
change the name. of said company, approved January four-
teenth, one thousand eight hundred and eighty-two, be amended
and re-enacted so as to read as follows:

§ 3. The capital stock of said company may be increased
from time to time by the board of directors to such an amount
as they may deem necessary for the interest of the company,
not exceeding five hundred thousand dollars, and the board of
directors of said company, for the purpose of fully construct-
ing, equipping and maintaining said road, and also for the
purpose of purchasing real estate at its terminus, or along its
route, and making general improvements thereon, shall also
have the power to issue bonds to such amount or amounts as to
the directors may seem proper and expedient, not exceeding
five hundred thousand dollars, in sums not less than one hun-
dred dollars each; bearing interest not exceeding the rate now
allowed by law, payable, principal and interest, at such times and
places and in such manner as may be deemed most advanta-
geous to said company; and may secure the same by one or
more mortgages or deeds in trust on the road franchises, in-
come, real and personal property of said company, or such
parts thereof as may be designated in the mortgage or deed of
trust, provided that this company shall always pay its taxes in
lawful money of the United States, and not in coupons; and
this act shall be always subject to repeal, amendment, or modi-
fication, at the pleasure of the general assembly,

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