Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1858-03-26

To INCORPORATE THE ATLANTIC STEAM FERR'
ConPAsy.-tPAesED THE 18TH DAY OF MARCH
l. Be IL enacted by the General Assembly of Vir
gna That Ambrose Dudley Mann, his associates
successors and assgns, are hereby created and con
stituted body corporate, by the title of the ATTAIN
TIC STEAM FERRY COMPANY.
9. And be it further enacted, That the said corpo
ration s authorized and empowered to establish
line lines Of steamships ships propelled by othe
motive power, of such tonnage a. it may deem mos
10 it's interest," to between port or potts in Vr
gna to q port or ports in Europe or elsewhere.
s. And be it further enacted That the said corpora
tion 10 authorised and empowered to purchase hold
receive dispose Of real estate. in quantities not ex
ceedng thirty acree in any locality connected with
ts terminal points to build docks and wharvea; e
discharge Of the cargoes of its vessels and to trans
port pas seDgers merchandise, and all other articles
which are carried on land or water.
4 And be it further enacted, That the said corpora
ton shall establish it's principal office in theoy Of Rich
mond, Virginia, where books shall be opened for the
subscription of stock within ten days after the passage
of this act. And II may establish such branch Offices
and agencies elsewhere as It shsll deem necessary
for the advancement Of iis interests, where books
shsll also be opened for the subscription OF stock
with Az httle delay as possible.
And be it further enacted, That the capital stock
OF said corporation shall be fifty millions Of dollars,
but il may commence operations soon as the SUM
OF one million of dollars shall have been subscribed
6. And be II further enacted That the shares of the
said capital stock shall be one hundred dOllars, and
that person shall be permitted TO subscribe for
than one thereof until after the expiration Of
six nonths from the day Of opening the subscription
oooks at the principal office.
z. And be it further enacted That as soon as the
sum of one million of dollars shal have been sub.
scrbed, IN the manner Aforesaid, the stockholders
shall proceed under the direction Of the corporation
elect thirty ak directors who shall be resident ci.
'ixens Of the saveholdipg States and the District Of
Columbia, and who shall elect one of their number
President of the Company.
8 And be il further enacted. That the directors
sha be apporoned to the said States and District in
The ratio CT the shares subscribed by the inhabitants
Of each, and the Staes and District SHALL respective
w. elect the director directors to which they NAV
be entitled.
9. And be it further enacted, That the directors
shall continue In office for term OF five years. dating
from the day which they enter upon the discharge OF
their duties.
III. And be Il further enacted, That such vscan.
oes - may occur 10 the directory shsll be filled BY
the president Of that body the person persons se
looted oy him being authorised to serve until quo.
rum OF the members which shall consist of not less
than seven, shall be Convened.
H. And be II further enacted, That no stockh
10 the said company sha ever be held liable or made
responsible for Its debt 10 larger or further ann than
the amount OF any unpaid balance due to the
On stook subscribed for in bis or her name.
l2. And be it furthe. enacted That the ss;d ,o-ro
ration may demand and receive of each sharaholdsr
dollars each share subscribed for for defraynp Tho
expenses which have already accrued, and thnas
which may accrue previous to the election OF m.
directory, and that eha account to that bojy for ths
sums which il may thus disburse.
Is. And be it further enacted That the stockhold