Chap. 503.—An ACT to amend and re-enact section six of an act incorporating
the Norfolk and Kempsville turnpike company, approved the third day
of March, 1898, so as to allow the issue of preferred stock, and to authorize
the commissioners therein named to receive subscriptions to the capital
stock of said company without necessity of giving any public notice of the
time and places at which books will be opened for subscriptions.

Approved February 24, 1900.

1. Be it enacted by the general assembly of Virginia, That section
six of the act incorporating the Norfolk and Kempsville turnpike com-
pany, approved the third day of March, eighteen hundred and ninety-
eight, be amended and re-enacted so as to read as follows:

§ 6. The capital stock of said company shall be not less than ten thou-
sand nor more than twenty-five thousand dollars, to be divided into
shares of the par value of fifty dollars each; and the said company shall
have the power to issue preferred stock in such amounts, within the limits
of ‘the maximum capital of said company, upon such terms as the board
of directors may determine; and the books of subscription shall be
opened by W. C. Cobb, Aaron Milhado, and R. C. Carrington, three of
the corporators, or a majority of them, or such other persons or a ma-
jority of them, as said commissioners may appoint, at such time and
place as they may select; but it shall not be necessary for said commis-
sioners or the persons they may appoint, to give any public notice of the
time and places at which books will be opened to receive subscriptions
to the capital stock of said company: provided, however, that all original
stockholders shall have had at least ninety days’ notice of such contem-
plated action, and a majority shall have in same manner endorsed the
same.

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