Chap. 20.—An ACT to amend and re-enact section 2 of an act entitled an act to
incorporate the Virginia Seaboard and Western Railroad Company, approved
February 10, 1894, and to amend and re-enact’ section 11 of said act as
amended and re-enacted by an act entitled an act to amend and re-enact sec-
tion 1 of an act entitled an act to incorporate the Virginia Seaboard and
Western Railroad Company, approved February 10, 1894, and to amend and
re-enact section 11 of said act as amended and re-enacted by an act entitled an
act to amend and re-enact sections 10 and 11 of an act entitled an act to ineor-
porate the Virginia Seaboard and Western Railroad Company, approved Feb-
ruary 10, 1894, approved January 11, 1896, said last mentioned act being
chapter 1008 of the acts passed by the general assembly during the session of
1897-1898.

Approved December 19, 1901.

1. Be it enacted by the general assembly of Virginia, That section two
of an act entitled an act to incorporate the Virginia Seaboard and West-
erm Railroad Company, approved February tenth, eighteen hundred and
ninety-four, and section eleven of said act as amended and re-enacted, be
amended and re-enacted so as to read as follows:

§ 2. That the capital stock of said company shall be one hundred thou-
sand dollars, and shall be divided into shares of one hundred dollars
each, and the board of directors may dispose of the same at such price.
and upon such terms, as they may determine. Each share of stock shall
he entitled to one vote at all meetings of the stockholders, and the direc-
tors may receive real or personal property in payment of subscriptions to
the capital stock at such valuations as may be agreed upon between the
directors and the subscribers. The incorporators above named, or a ma-
jority of them, may receive subscriptions to the capital stock in such man-
ner as they may deem best, and no advertisement of the time and place
at which books will he opened for subscriptions shall be necessary, and the
terms of payment therefor shall be such as the board of directors may
pr oan Ibe.

$11. This act is subject to the proviso that the work of construction
herounder shall be begun not later than five years, and completed within
ten vears, from and after the first dav of July, nineteen hundred and
three, unless the time therefor shall be extended by the general assembly.
or unless within that time this company shall have leased or purchased
property or franchises under section ten of this act. All taxes or demands
due, or to become due, by this company to the State of Virginia shall be
paid in lawful currency of the United States, and not in coupons.

All acts and parts of acts in conflict with this act are hereby re-
pea aod

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