CHaP. 159.—An ACT to incorporate the Caroline railway com-
pany.

Approved February 4, 1890.

1. Be it enacted by the general assembly of Virginia,
That W. D. Quesenberry, John R. Baylor, J. P. Carson,
Otway Warwick, W. T. Chandler, W. E. Ennis, D. B.
Powers, R. G. Holloway,S. J.R. White, and such persons
and corporations as they may associate with them, shall
be, and are hereby, constituted a body corporate and politic
by the name of the Caroline railway company, and by
that name shall have all the powers, rights, privileges and
franchises granted to railways chartered under the laws of
this state, with the privilege to locate, construct, equip, and
maintain a narrow or standard gauge railway from some
point on the Richmond, Fredericksburg and Potomac rail-
way at or near Milford station, in the county of Caroline,
and thence through said county via Bowling Green to
some point at or near Port Royar.

2. Said company shall have perpetual succession, and
common seal, which it may renew or alter at pleasure;
may sue or be sued, plead or be impleaded, contract or be
contracted with; may adopt ordinances, by-laws, and reg-
ulations not inconsistent with the laws of the state of
Virginia, for the government of its officers and agents and
for the proper conduct of its affairs.

3. It shall be lawful for the said Caroline railway com-
pany to issue bonds for the construction of its road, and
to secure payment of the principal and interest of the
same by a mortgage or deed of trust on its property, fran-
chises, and so forth.

4. Subscriptions to the capital stock of said company
may be made in money, materials, or lands, and said
company may also acquire lands by gift or purchase, and
shall have power to have and sell the same; provided, that
the amount of land shall not exceed five thousand acres.

5. The capital stock of said company shall not be less
than one hundred thousand dollars nor more than two
million dollars, to be divided into shares of one hundred
dollars each, and each share of stock shall] be entitled to
one vote.

6. The corporation herein mentioned shall have the
powers and authority of a president and board of direc-
tors for the purpose of organization of said company, and
for all other purposes, until a president and board of
directors shall be elected at a stockholders’ meeting, and
such meeting:shall be held upon such notice as the corpo-
rators may deem proper.

7. It shall be lawful for any of the corporators herein
mentioned, after giving ten days’ notice in some news-
paper of general circulation, published in Virginia, to
open books of subscription 'to the capital stock of said
company,and when the minimum of the capital stock of said
company shall have been subscribed the said corporators
may elect one of their number as chairman, who shall
have the power and authority of president of said com-
pany, and in all matters a majority of said corporators
shall control.

8. The work on said railway shall be commenced within
two years and completed within ten years of the passage
of this act.

9. The said company shall have power to cross, unite,
consolidate, or connect with any line of railway con-
structed or to be constructed in this state, and it may
acquire by lease or purchase, or by lease or purchase may
be acquired by any railway constructed or to be constructed
in this state.

10. Said corporation shall pay all debts, dues and de-
mands of the state of Virginia in lawful money of the
United States and not in coupons.

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