Chap. 403.—An ACT to amend charter of the Bay Shore Terminal Company as
proposed.

Approved March 29, 1902.

1. Be it enacted by the general assembly of Virginia, That chapter
seven hundred and twenty-seven of the acts of assembly of Virginia, ses-
sion eighteen hundred and ninety-nine and nineteen hundred, and chap-
ter forty-one of the acts of assembly of Virginia, extra session, nineteen
hundred and one, entitled, respectively, “an act to incorporate the Bay
Shore Terminal Company,” approved March third, nineteen hundred,
and an act to amend and re-enact section three of chapter seven hundred
and. twenty-seven, entitled “an act to incorporate the Bay Shore Termi-
nal Company,” approved February eighth, nineteen hundred and one, be
amended and re-enacted so as to read as follows:

81. Be it enacted by the general assembly of Virginia, That S. Q.
Collins, H. L. Page, A. E. Krise, B. W. Leigh, and J. Edward Cole, their
associates, successors, and assigns, be, and they are hereby, incorporated
under the name and stylé of the Bay Shore Terminal Company, and by
that name shall be known in law, and: as such are authorized and empow-
ered to locate, construct, equip, and operate a railroad in the city of Nor-
folk, and from said city by such route as may be deemed most practicable
by the directors of said company to a point on or near the Chesapeake
bay, and to construct and maintain depots, station houses, warehouses,
and docks, and to contract for the use thereof, so as to provide all neces-
sary facilities for interchange of traffic, and accommodation for all kinds
of shipping, and the said company may acquire, by purchase, lease, or
donation, lands, materials, fixtures, and appliances for the purpose of
maintaining parks, picnic grounds, pavilions, and amusements for the
pleasure and convenience of its patrons and the public generally, or may
contract with other companies for providing the same, and may subscribe
to the capital stock of such companies.

§ 2. The said company shall have perpetual succession, and a common
seal, which it may alter and renew at pleasure, and may sue and be sued,
and shall have the power to acquire, by condemnation in accordance with
the laws of the State of Virginia, all lands necessary for rights of way,
station, terminals, and for the erection of poles, and stringing wires and
other appliances that may be used in the operation of its road; and in
laying out ite rights of way it is intended that the said company shall
have the power to use any streets or avenues which have been laid out,
whether dedicated as a public highway or not; and shall have and possess
and enjoy all rights and privileges generally necessary for the purpose
of its incorporation: provided, that the consent of the councils of the
cities and the board of supervisors of counties through which said road
may enter or pass shall first be obtained for the use of said strect, streets,
or county roads.

§ 3. The capital stock of said company shall not be less than fifty
thousand dollars and not more than five hundred thousand dollars, to be
divided into shares of the par value of one hundred dollars each, and the
directors may receive cash, labor, material, bonds, real and personal prop-
erty, or either, in payment of subscriptions to the capital stock, and at
such valuations and at such prices as may be agreed between the directors
and the subscribers.

§ 4. It shall be lawful for said company to borrow money and issue and
sell bonds from time to time, and for such sums and on such terms as the
board of directors may decm expedient and proper for any of the purposes
of the company; and may secure the payment of such bonds by mortgages
or decds of trust upon all or any portion of its property—real or per-
sonal and mixed—its contracts and privileges, rights of way and fran-
chise to be a corporation; and it may, as the business of the company
shall require, sell, lease, convey, and eneumber the same, and it shall be
lawful for said company to subscribe to and hold the stock and bonds of
mining, manufacturing, or other corporations which may subscribe to,
guarantee, and hold stock and bonds of the said company.

§ 5. The said company is authorized to locate, construct, equip, and
operate any lateral or branch roads or tramways, not to exceed ten miles
in length, which a majority of its stockholders may determine to con-
struct, maintain, equip, and operate, by such route as may be determined
bv its board of directors, and the said company may connect or unite its
railroad with that of any other company or companies, or consolidate or
merge its stock, property, and franchises with and into those of any other
company or companies of this State operating or authorized to operate a
railroad, upon such terms and under such name as may be agreed upon
between the companies so uniting or connecting, merging or consoli-
dating, or may acquire the property and franchises of such other company
or companies by lease or sale, and for that purpose power is hereby given
to it, and to such company or companies, to make and carry out such
contracts as will facilitate and consummate such connection, merger or
consolidation, lease or sale: provided, that a copy of every such contract
of consolidation and merger shall be filed in the office of the board of
public works.

<6. Any three of the above named incorporators are hereby authorized
to open hooks of subscription, as provided by law to the ¢ apital stock of
the company in the city of Norfolk, Virginia. and the said company shall
In required to commence construction ‘of its railroad within two years
from the passage of this act, and to complete the same within five years
after.

$v. Whenever the corporation shall have commenced operation of its
railroad, it shall be liable to the same taxes as may be imposed by law
upon other like cor porations or persons exercising like privileges, and all
taxes due the Commonwealth by said company shall be paid in lawful
money of the United States, and not in coupons.

$8. The principal and general office of this corporation shall be and
remain in Virginia.

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