Chap. 88.—An ACT to incorporate the Richmond and Tidewater rail-
road company.

Approved April 28, L887,

1. Beit enacted by the general assembly of Virginia, That
W. T. Robins, H. C. Bi: and, W. J. Leigh, James Dabney, and
Thomas P. Bashy, their associates and successors, are hereby
constituted a body politic and corporate by the name of the
Richmond and Tidewater railroad company, and as such may
have all the privileges, franchises, and immunities applicable
to such a corporation.

2. The said company may construct and operate a railroad,
commencing at a point between Hanover junction and Rich-
mond, or in the city of Richmond to a point to be selected
between the mouths of the Piankitank and York rivers, run-
ning through the counties of Mathews, Gloucester, King and
Queen, King William, Hanover, Henrico, and New Kent.

3. Said company to build its ‘road by such route as it may
deem most advantageous and expedient, and shall have the
right to cross any navigable stream: provided a draw sufficient
not to impede navigation is placed in its bridges over such
streams.

4. The capital stock of said company shall not be less than
one hundred thousand dollars nor more than one million dol-
lars, except as hereinafter provided, divided into shares of one
hundred dollars each. The stockholders shall have the right
to increase the capital stock beyond the said one million dol-
lars, but not to exceed six million dollars, by a two-thirds
vote ina gencral meeting of stockholders. Stockholders sball
be entitled to one vote tor cach share of stock.

5. Said Richmond and Tidewater railroad company shall
have perpetual succession and a common seal, which it may
alter or renew at pleasure; and it shall be entitled to all the
rights and privileges conferred, and subject to all the restric-
tions imposed by the laws of Virginia, so far as the same are
applicable and not inconsistent with this act.

6. It shall be lawful for said company to borrow money, to
issue bonds and other evidences of debt, and to secure the
payment of the same by mortgages, deed of trust, or other-
wise.

7. It shall be lawful for any incorporated company to aid
in the construction of said railroad, and for that purpose may
acquire the bonds of said company, and it may run, use, or
operate, by lease or otherwise, any railroad or transportation
line, upon such terms as may be agreed upon.

8. The said corporation shall have its principal office in
Virginia, and may have a general office in such place without
the State as the stockholders may designate.

9, This charter shall at all times hereafter be subject to
amendment or repeal, at the pleasure of the general assembly,
and it is agreed that said corporation takes this charter of
Incorporation upon the express understanding and condition
that the said corporation will pay all taxes, dues, and de-
mands due the State, at any time hereafter, in lawful money
of the United States, and will not tender or pay coupons
therefor.

10. The said Richmond and Tidewater railroad company
shall commence work under this act within two years, and
complete the same within ten vears from the passage of this
act.

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

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