CHAP. 136.—An ACT incorporate the Norfolk and Washington
(D. C.) steamboat company.

Approved January 31, 1890.

1. Be it enacted by the general assembly of Virginia,
That John Callahan, V. D. Groner, and H. Libbey, of
Virginia; Charles C. Duncanson, W. E. Clark, Levi Wood-
bury, and John Boyd, of Washington, District of Colum-
bia; Calvin B. Orcott, of New York; and J. T. Odell, of
Baltimore, Maryland, their associates, successors, and
assigns, be, and they are hereby, declared a body politic
and corporate by the name and style of the Norfolk and
Washington (District of Columbia) steamboat company,
for the purpose of equipping, maintaining, and operating
lines of steam vessels for the transportation of passengers
and freight between the city of Norfolk, Virginia, and the
city of Washington, District of Columbia, and interme-
diate points on the waters of the Chesapeake bay, Hamp-
ton Roads, and their tributaries. But nothing in this act
shall be construed as authorizing the incorporators herein
named, their successors or assigns, to construct, maintain,
or operate a ferry for the transportation of passengers
between the cities of Norfolk and Portsmouth or the town
of Berkeley, or either of said points.

2. The said company shall have perpetual succession
and a common seal, which it may renew or alter at pleas-
ure, and it shall be entitled to all the rights and privileges
conferred, and subject to all restrictions imposed, by the
laws of Virginia, as far as the same are applicable, and
not inconsistent with this act.

3. It shall be lawful for said company to acquire, in
subscription to the capital stock of said company or by
donation, money, lands, or other damages, labor, material,
bonds, or other means available for that purpose, and to
receive subscriptions from individuals, other companies,
associations, or corporations.
4. It shall be lawful for any incorporated company to
aid in constructing and operating the said steam vessels, and
for that purpose may acquire the bonds of said company,
and it may run, use, and operate, by lease or otherwise,
the vessels of any other transportation company upon
such terms as may be agreed upon by the party or parties
owning the same.

5. The capital stock of said company shall not be less
than one hundred thousand dollars, divided into shares of
one hundred dollars each, and may, with the consent of a
majority of its stockholders, increase its capital stock
from time to time to an amount necessary for constructing,
equipping, and operating its lines of steam vessels.

6. Said company shall have the power to borrow money
to such an amount as it may deem proper and necessary,
and to issue for any loan debentures or bonds of the com-
pany, bearing interest at such rates per annum as the said
company may determine; said debentures may be ex-
pressed in dollars or pounds sterling; and to secure pay-
ment of such loan or loans, said company may execute
one or more mortgages or deeds of trust on the whole or
any part of its property, real, personal, and mixed, its
charter, rights, franchises, and income.

7. The incorporators herein mentioned, whether present
in person or by proxy, shall have the power and authority
of a president and board of directors for the purpose of
organization of said company, and for all other purposes,
until a president and board of directors shall be selected,
they may elect one of their number chairman, who shall
have all the powers and authority of a president of said
company.

8. Books of subscription to the capital stock of said
company shall be opened at such times and places and
upon such notice as the incorporators may determine.
Three of their number shall be selected to control and
supervise the same.

9. Meetings of incorporators, directors, or stockholders
may be held at any point in Virginia, or at Washington,
District of Columbia.

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

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