CHAP. 572.—An ACT to incorporate the Pulaski street railway
company.

Approved March 4, 1800.

1. Be it enacted by the general assembly of Virginia,
That L. S. Calfee, M. H. Calfee, A. A. Christian, J. E.
Mooe, George T. Mills, George W. Palmer, N. A. Sayers,
and W. F. Nicholson, together with such other persons as
may hereafter be associated with them, shall be, and the
same are hereby, made a body politic and corporate under
the name and style of the Pulaski street railway company,
and by such name shall have perpetual succession.

2. The said company shall have power and authority to
construct, equip, maintain, and operate a street railway
along the following routes, viz: Along Commerce street to
Washington avenue; thence along the first street running
south of the passenger station and parallel with the rail-
road; along Madison, Washington, and Jefferson avenues;
along Third and Fifth streets, and along Second street
south, all in Pulaski county, Virginia, with the consent of
the council of said Pulaski.

3. It shall be lawful for said company to transport pas-
sengers and freight over their line of railway, and to col-
lect fares and tolls for the same, and may use horses,
mules, or electricity to propel its cars.

4, The capital stock of said company shall not be less
than five thousand dollars, nor more than three hundred
thousand dollars, to be divided into shares of fifty dollars
each; and as soon as the minimum capital is subscribed
the company may organize, and shal] be authorized to
proceed to the construction of said railway.

5. The said company, by its directors, may borrow
money for the betterment or equipment of said railway to
an amount not exceeding its capital stock, and may issue
bonds and mortgages to secure the payment of the same.
The company shall have the right to buy or lease necessary
land, not exceeding twenty acres in one parcel, for the
necessary uses of the company, and may erect thereon
buildings, shops, et cetera, for the proper use and enjoy-
ment of its corporate rights; and may sell or lease said
buildings, lands, and rights, including its right to be a
corporation.

6. All taxes and dues to the state of Virginia shall be
paid in lawful money of the United States and not in
coupons.

7. Operations to construct said railway may be com-
menced in thirty days after the passage of this act, and
shal] be begun within two years, and shall complete the
same in five years from the first of March, eighteen hun-
dred and ninety.

8. The liability of each stockholder shall not exceed the
unpaid amount on the shares of stock subscribed for, as-
sumed, or transferred to him, and at every meeting of the
stockholders each share of stock shall entitle the holder
thereof, or his proxy, to one vote.

9. The directors may from time to time make by-laws
for the government and management of the affairs of the
company, and elect such officers, and at such compensa-
tion, as may be from time to time agreed upon. The cor-
porators, or such of them as may accept the provisions of
this act, shal] constitute the first board of directors, and
shall serve until others shall be elected and qualified ac-
cording to the by-laws to be adopted for said company by
the directors.

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