The daily dispatch. [volume] (Richmond [Va.]) 1850-1884, 1884-01-31

FREE RAILROAD BILL.
a Measure that VIII Likely he OF In.
tcrcst TO Railroad People.

The Senate Committee on Roads and In.
ternal Navigation-Mr. Henry Heaton
chairman-will meet tomorrow FRIDAY
morning at 10 O'Clock TO consider the free
railroad law, OF which Mr.. Glasgow is PIT
tron, as follows:
A BILL FOR THE INCORPORATION OF RAILROAD
COMPANIES.
BE 70 eHuCted 0y ne General Assembly OF
Virginia, That any number Of persons.
not less than five, may become corpora
tion for the purpose Of constructing and
operating railroad in this State as here
matter provided.
Form Of articles Of Incorporation.
>. The persons desiring to form such cor
poration shall adopt, sign, and acknowledge
for record, articles OF incorporation, in
form or effect as follows:
We, whose names are hereto subscribed. desiring
TO become y corporation Tor the purpose of con-
siruciing and operatinga railroad In the State of
Virginia, do hereby adopt these articles OF ncOr-
pOrltOn for that purpose
FIRST. The name OF the corporation shall be the
company.
second. The railroad which this corporation
proposes 10 build VIII commence at or near -.
IN the county Of - aud run thence by the most
practicable route to point at or near - in
Third. The principal business Office of this cor
porston will be AT =, III the county Tor city, OF
Fourth. This corporation shall continue pepetu-
ally.
Fifth. The capital stock of this company shall
lars each.
sixth. The names and places Of residences OF
the persons forming this corporation, and the
number of shares of stock subscribed by each, are
s Io'Ss State Of Shspos % and so ON. erH civ. y.
ing the names and residence of all the parties and
~ e Il zex
Recordation Of ArticleS.
8. When said articles are adopted and
signed, rs prescribed in the next preced-
ing section, and acknowledged by the
parties signing the same. in the same man.
ner as deeds are required by law to be ac-
knowledged. they shall be filed and re.
corded in the Office of the Secretary OF
State, and be preserved therein.
Certificates Of Secretary of the Common
lceaith.
4. When such articles OF incorporation
shall have been filed and recorded as aiOre-
said. the Secretary of the Commonwealth
shall issue and deliver TO the said corpora
tors his certificate under the great seal OF
the State, in form or effect as follows:
l. A-B-, Secretary Of the Commonwealth
articles of Incorporation, duty signed and ac-
knowledged. have this day been recorded in my of.
flee, which articles Of incorporation are in the
words and figures following: We, etc, there in
sctt the articles of incorporation in FULL where
fore the corporators named in said articles Of in
corporation, and who have ,igned the same, and
their successors and assigns. are hereby declared
to be a corporation by the name, for the purpose
aud for the length of time SET forth In said articles
of incorporation. Given under my hand and the
great seal OF the said State, at tie seat govern
ment thereof. this - Cay of -.
When such certificate shall be issued and
delivered as aforesaid, the corporators
named in the articles OF incorporation re-
cited therein, and who have signed the
same, and their successors and assigns,
shall from the date of said certificate be-
come and be 4 body corporate as herein
stated, and as such. authorized to proceed
to carry into effect the object set forth in
said articles Of incorporation in accord
ance with the provisions of this chapter.
As such corporation they shall have per-
petual succession, and in their corporate
name may sue and be sued. plead and be
impleaded. Every such corporation shall
have and use common seal, which it may
alter at pleasure. 1t may declare the in
terests of its stockholders transferable, and
shall make and establish all such bylaws,
rules, and regulations not inconsistent
with the laws OF the United States or OF
this State, rs il may deem necessary for the
management of its affairs and the transqc-
tionsOf its business. Any such railroad
corporation heretofore incorporated may,
if it desire to do so, obtain the certificate
hereinbefore mentioned, which may bear
the same date il would have borne II is
sued at the proper time, but no other or
additional force or effect shall be conferred
on said corporation by such certificate than
it would have had il such certificate had
not been issued. And any such railroad
corporation may. in the location of its rail-
road, pass out OF this State into any other
State, with the assent OF such State, and
back again into the State, aS often as may
be found necessary in making such loca-
tion.
The details of the bill cover twenty-five
printed pages.