Chap. 682.—An ACT to incorporate the Machapungo bridge company.

Approved March 3, 1893.

1. Be it enacted by the general assembly of Virginia, That Benjamin
T. Eichelberger, L. Thomas LeCato, George W. James, R. Lee James
and ‘Thomas B. ‘Quinby, their associates, successors and assigns be, and
they are hereby, created and constituted a body politic and corporate by
the name of the Machapungo bridge company, with perpetual succession
and a common seal, and with full and adequate powers to locate, con-
struct, own and maintain a bridge across the headwaters of Machapungo
creek, inthe county of Accomac, from a point in Bradford’s neck, on
the lands of Miss Cordelia LeCato, to a point on the western side of said
stream on the lands of Mistress Mary S. Flemming; and to acquire by
lease, purchase or condemnation, by due process of Jaw, as much land
as may be necessary for the construction and operation of said bridge.

2. The capital stock of said company shall not be less than five hun-
dred dollars and not more than five thousand dollars, and shall be
divided in shares of twenty-five dollars each. The above-named incor-
porators, or any three of them, are hereby created a commission and
authorized to receive subscriptions to the stock of said company in such
manner as they may deem necessary, and keep the same open until the
minimum capital has been subscribed. Thereafter they may call a
meeting of the stockholders, who may organize the company. As soon
as the said bridge has been completed the said company may demand
and receive such reasonable tolls as may be prescribed by its by-laws,
not to exceed four cents per barrel on trucks and other packages, whether
of produce or merchandise, in proportion; passengers on foot five cents,
one-horse teams ten cents, and two-horse teams fifteen cents: provided,
that where charges are made on produce or merchandise no extra charge
shall be made on the carriage thereof.

3. It shall be lawful for said company to borrow money and issue and
sell its bonds from time to time for such sums and on such terms as its
board of directors may deem expedient and proper for any of the pur-
poses of said company, and may secure the payment of said bonds by
Inortgages or deeds of trust upon all or any portion of its property, real
or personal and mixed, its contracts and privileges, and its chartered
rivlhits and franchises; and it may, as the business of the company shall
require, sell, lease, convey and encumber the same.

4. It shall be lawful for said company to subscribe to and hold shares
in any transit company or telephone line hereafter chartered to operate
over the line of its bridge; and any manufacturing, railroad or other cor-
poration may subscribe to, guarantee or hold the stock or bonds of the
Si ne company.

The taxes accruing from the said corporation shall be paid in lawful
money of the United States and not in coupons.

This act shall be in force from its passage, but the general assembly
of v irginia reserves to itself the right to alter or repeal this act at any
time hereafter.