CHAP. 314.—An ACT to amend and re-enact sections 2 and 4 of
eu enone of the town of Boydton, in the county of Meck-
lenburg.

- Approved February 22, 1890.

1. Be it enacted by the general assembly of Virginia,
That sections two and four of an act approved March six-
teenth, eighteen hundred and seventy-four, incorporating
the town of Boydton, in the county of Mecklenburg, be
amended and re-enacted so as to read as follows:

82. The boundaries of said town of Boydton shall be
as follows: By a north and south line running through a
point twenty-one hundred feet east of the centre of the
court-house of said county; by a similar line running
through a point thirty-two hundred and ten feet west of
the centre of said court-house; by an east and west line
running through a point twenty-one hundred and sixteen
feet south of the centre of said court-house, and by an
east and west line running through a point eighteen hun-
dred and ten feet north of the centre of said court-house.

§4. That the said council shall have power to assess and
collect an annual tax on all such persons resident and
property situate within the said town as are now or may
hereafter be subject to taxation by the revenue laws of
this state, and to assess and collect an annual license tax
on any business, profession, or occupation licensed by the
laws of this state and conducted or practiced in said town:
provided, that the taxes to be collected by said council
from any railroad company on its roadway and track,
depot, and other property within said town shall be based
on the value thereof as assessed by the board of public
works for the year when such taxes are to be collected ;
and provided, further, that in no one year shall the tax
upon persons be greater than fifty cents per capita, nor the
tax upon property be greater than fifty cents on every one
hundred dollars in value thereof.

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

CuapP. 315.—An ACT to incorporate the Richmond Improve-
mentand Railway company.

Approved February 22, 1890.

1. Be it enacted by the general assembly of Virginia,
That Byrd Warwick, J. P. Carson, J. M. Chamblin, G. A.
Gibson, W. H. Parrish, junior, b.8. Rogers, and such per-
sons and corporations as they may associate with them,
shall be and hereby constituted a body corporate and
politic by the name of the Richmond improvement and
railway company, and by that uame shall have all the
rights, powers, and privileges and franchises granted to
railways chartered under the laws of this state, with the
privilege to locate, construct, and equip a narrow or stand-
ard gauge railway from some point in the city of Rich-
mond to Ashland, or to such a point in the county of
Hanover as may hereafter be determined upon, with the
privilege of using steam or electricity as motive power.

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, make ordinances, by-laws, and regula-
tions, not inconsistent with laws of the state of Virginia,
for the government of its officers and its agents and for
the proper conduct of its affairs.

8. It shall be lawful for the said company to issue bonds
for the construction of its road and to secure payment of
the principal and interest on the same by mortgage or
deed of trust upon -its property, franchises, and so forth.

4. It shall be lawful to secure subscription to the capi-
tal stock of the said company 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 be not less
than seventy-five thousand dollars nor more than two mil-
lion dollars, to be divided into shares of one hundred
dollars each, and each share of stock to be entitled to one
vote.

6. The corporation herein mentioned shall have the
powers 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 elected at a stockholders’ meeting, and such
meeting shall be held upon such notice as the corporators
shall 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 that capital stock
shall have been subscribed, the corporators shall elect one
of the number a chairman, who shall have the power and
authority of president of said company, and in all mat-
ters the majority of said corporators shall have control.

8. The work on said railway shall be commenced with-
in two years and completed within five years from the
passage of this act.

9. The said company shall have the power to cross,
unite, connect with, or consolidate with any line of rail-
way constructed or to be constructed within this state:
provided, that said company shall not cross at grade any
railroad now constructed, except under terms to be agreed
upon with said railroad, and may acquire by lease or pur-
chase, or by lease or purchase may be acquired by any
railway constructed or to be constructed within this
state.

10. The said corporation shall pay all debts, dues and
demands to 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.