Chap. 157.—An ACT to incorporate the Mecklenburg Toll-bridge com-
pany.

Approved February 18, 1888.

1. Be it enacted by the general assembly of Virginia, That
Henry Wood, junior, John B. McPhail, Thomas Easley, Allen
W. Magee and‘Thomas EH. Hicks, and their successors, asso-
ciates and assigns, be and they are hereby declared a body
politic and corporate by the name of the Mecklenburg toll-
bridge company. The said company shall have all the powers,
rights and franchises granted to, and be subject to all the
burdens imposed upon internal improvement companies by
the Code of Virginia, eighteen hundred and seventy-three,
and all acts of the general assembly amendatory thereof.

2. The capital stock of said company shall not be less than
five thousand dollars nor more than one hundred thousand
dollars, and may be increased, from time to time, from the
minimum to the maximum, as the stockholders may deter-
mine.

3. The corporators hereinbefore named, shall have power
to elect a president and directors out of their own number,
or out of those persons who may subscribe to the stock of
said company, and may appoint or elect such other agents
and officers as may be necessary for the proper conduct of the
business of said company.

4. The said company is hereby authorized and empowered
to build, operate and maintain a toll-bridge across the Roa-
noke river, or the Dan and Staunton rivers, at any point
within one mile east or west of the foot of Main or Virginia
streets, in the town of Clarksville, Mecklenburg county, Vir-

nia.

5. The said company shall have power to construct, main-
tain and operate its bridge, as a means of transportation for
passengers and vehicles, upon any piers and abutments al-
ready constructed within the limits defined in section four of
this act, or hereafter to be constructed within said limits:
provided the consent of the railroad company owning said
piers and abutments is previously obtained.

6. The construction of said bridge shall be commenced
within three years and completed within five years from the
passage of this act; and upon its completion, the said com-
pany shall have the right to fix and determine the rate of
tolls for crossing thereon and to collect the same.

7. The capital stock of said company shall be divided into
shares of twenty-five dollars each; and it shall be lawful for
said company to acquire in subscription to its capital stock,
money, lands, material and labor for the construction of said
bridge, and bonds or the proceeds thereof from other orga-
nized companies and corporations; and it may open roads, at
its own costs and charges (in the manner now pee by
law for opening new county roads), from the abutments of
its bridge, by the nearest practicable route, to the adjacent
and nearest county roads now established and used.

8. The said company is hereby empowered to borrow
money for its corporate purposes to such an amount as its
president and directors may deem necessary, and may issue
its bonds therefor, to run not to exceed thirty years from the
date of issuance; the said bonds to be secured by mortgage
or trust deed upon all its rights, franchises and corporate
effects of every description whatsoever. ;

9. The taxes assessed upon said company shall be payable
only in lawtul money of the United States.

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