Chap. 247.—An ACT to incorporate the Hampton and Old Point rail-
way company.

Approved February 24, 1888.

1. Be it enacted by the general assembly of Virginia, That
John M. Willis, Baker P. Tee, J. T. Duke, P. T. Woodfin,
Py Vatelte |
Thomas Tabb, J. C. Phillips, Henry Kirn, C. A. Nash, R. L.
Herbert, and George Booker, and such other persons as may
be associated with them, be and they are hereby constituted
a body corporate and politic by the name and style of the
Hampton and Old Point railway company.

2. The capital stock of said company shall not be less than
twenty thousand dollars nor more than one hundred thousand
dollars, to be divided into shares of one hundred dollars each.

3. The said company shall have power and authority to:
construct, equip, and operate a railroad from the town of
Hampton, county of Elizabeth City, to the lands ceded by
the state of Virginia to the United States at Old Point Com-
fort by such route or routes as the said company may adopt;
with the consent of the board of supervisors of the county,
the said company may use the public roads of said county of
Elizabeth City, and the streets of Hampton by and with the
consent of its council. In constructing the said railroad to
Old Point Comfort, the said company may by and with the
consent of the congress of the United States, build and operate
the same on and over any lands heretofore ceded by the state
of Virginia to the United States.

4. It shall be lawful for said company to transport pas-
sengers, freight, and baggage, and the mails of the United
States, and to collect fare and tolls for the same; and may

use horses, steam, or electric power to propel the cars on the
said road.

5. The said company shall have power to acquire and hold
such real estate and personal property as may be necessary
for the proper and successful carrying out of the purposes
and business of said company, and shall have the right to
enter by its agents, upon, and cause to be condemned, such
land as may be needed for said purposes, as prescribed by
law for the condemnation of lands for works of internal im-
provement.

6. The said company shall have power and authority to
extend their road from the town of Hampton.to Newport News,
in the county of Warwick: provided the same shall not cross
the tracks of the Chesapeake and Ohio railway, unless they
do so above or below grade, and to use the public and county
roads of Elizabeth City and Warwick counties, with the con-
sent of the board of supervisors of said counties respectively,
subject to the gerferal laws of the state governing corpora-
tions.

7. The said company shall have power and authority to
lease its said road; to borrow money for the uses of the cor-
poration; to issue its bonds or notes for the same, and to
secure such bonds by deeds of trust or mortgage on all or a
part of its property and franchises.

8. The incorporators herein named, or two-thirds of them,
shall meet in the town of Hampton, within sixty days after
the passage of this act, and proceed to receive subscriptions
to the stock of said company; and when the minimum
amount of stock shall have been subscribed, such subscribers

Google 9
for stock shall proceed to organize and hold their first meet-
ing, and shall proceed to the election of a board of not less
than five directors, one of whom shall be president. This
board shall frame by-laws for the government of the cor-:
parece and its agents, subject to alteration by the stock-

olders in general meeting, and shall fix from time to time
the rates of compensation for transporting persons and prop-
erty over their road, so that the rate per passenger shall not
exceed ten cents between Hampton and Old Point, or for any
less distance; or such rate per passenger may be from time
to time regulated by the ordinances of the council of the
town of Hampton, so that the same shall not exceed ten
cents nor be less than five cents in the discretion of said
council. .

9. General meeting of the stockholders shall be convened |
by order of the board of directors at least once a year, or
upon the request in writing of any number of stockholders
holding ir the aggregate not less than three-fourths of the
capital stock; in all meetings of the stockholders every share
of stock represented shall be entitled to one vote.

10. All taxes due by said company shall be paid in lawful |
money of the United States and not in coupons. :

11, The general assembly reserves the right to modify,
alter, or repeal this act at any time hereafter.

12. This act shall be in torce from its passage. ,