CHAP. 656.—An ACT to incorporate the East Virginia and Tide-
water railroad company.

Approved March 8, 1892.

1. Be it enacted by the general assembly of Virginia,
That John Tyler, F. E. Montague, J. A. Tyler, Robert Mc-
Candlish, and John F. T. ‘Anderson, or any five of them,
their associates and successors, are hereby constituted a
body politic and corporate by the name of the East Vir-
ginia and Tide-water railroad company, and as such may
have all the privileges, franchises and immunities appli-
cable to such a corporation.

2. The said‘company may construct and operate a rail-
road from some point in the counties of Hanover or Spot-
sylvania, to some point on or near the Chesapeake bay, in
the counties of Middlesex, Gloucester, or Mathews, passing
through all or any of the following counties: Spotsylvania,
Hanover, Caroline, Essex, King William, King and Queen,
Middlesex, Gloucester, and Mathews; and may build
branch lines not exceeding twenty miles in length to any
mineral or other land that may be owned by said company,
or to any furnace, manufactory or any public improve-
ment.

3. The capital stock of said company shall not be less
than ten thousand dollars nor more than two million dol-
lars, except as hereinafter provided, divided into shares of
one hundred dollars each. The said stockholders shall
have a right to increase said capital stock beyond the said
two million dollars, but not to exceed five million dollars,
by a two-thirds vote in general meeting of stockholders.
Stockholders shall be entitled to one vote for each share
of stock.

4. The said company may acquire by contract, lease,
purchase, or consolidation, the property and franchises of
any other company upon such terms as may be mutually
agreed upon: provided, however, that all existing obliga-
tions on either be preserved and maintained; and it shall
have the power and right in like manner to transfer its fran-
chise and property by sale or consolidation to any other
company.

5. 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
otherwise.

6. 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.

7. The said corporation shall have the power to make any
regulations or laws for its government not inconsistent
with the constitution and laws of Virginia, or with those
of the United States.
8. The said road shall be commenced in two years and
completed in five years from the passage of this act.

9. All taxes due the commonwealth shall be paid in law-
ful money of the United States, and not in coupons, in-
cluding the tax on this charter.

10. This act shal] be in force from its passage.