Chap. 1001.—An ACT to incorporate the Westhampton park railway company.

Approved March 7, 1900.

1. Be it enacted by the general assembly of Virginia, That W. T.
Armistead, R. A. Patterson, A. W. Garber, J. IT. Mulholland, R. T.
Lacy, and R. M. Beattie and their associates, successors, and assigns,
be, ‘and they are hereby, constituted and declared a body, politic and
corporate, by the name and style of Westhampton park railway com-
any.

, 2. The capital stock of said company shall not be less than twenty-
five thousand ($25,000) dollars, nor more than fifty thousand ($50,000)
dollars, divided into shares of one hundred dollars ($100.00) each, and
the directors may receive payment of subscriptions to the said capital
stock in money, labor, services, materials, bonds, stocks, casements or
real estate at such valuations as may be agreed upon, and sell the stock
at such prices as may be fixed by the board of directors.

3. The said company shall have the power to construct and operate
street railways in and upon the streets of the city of Richmond on such
terms as may be agreed upon between the company and the council of
the city of Richmond and to extend said railway into Henrico and ad-
joining counties in the state of Virginia, and in and upon the roads of
the said Henrico and other counties in the state of Virginia, upon such
terms as may be agreed upon between the company and the county court
of Henrico and other adjoining counties in the state of Virginia, after
reasonable notice to the abutting property owners and upon the land
adjacent to the said streets and roads according to the provisions of
chapter forty-six of the code of Virginia; said company may contract with
any person or corporation owning such lands or any interest, franchise.
privilege, or easement therein or in respect thereto over or contiguous
to which said line is to be constructed for the rights of way, for erect-
ing, repairing, and preserving its tracks, poles, wires, and other struc-
tures necessary for operating its line and the land necessary for the
erection and occupation of ollices, power-houses, and other buildings
and structures at suitable distances along the line for the use of said
company in operating said line.

4. The said company shall have the power in its corporate capacity
to borrow money for the purpose of constructing the lines of railway.
acquiring, erecting, and furnishing its plant, power-houses, and equip-
ments, and mav issue the bonds or obligations therefor in such denomi-
nations, and for such amounts as the board of directors may prescribe.
pavable in such places and in such time as may be therein expressed.
and secure the same by deed of trust or mortgage upon its plant.
roadway, franchises, rights of way, income, equipments, privilege, or
other property, real or personal, or upon such parts thereof as may be
designated, whether the same be acquired before or after the creation
of such hens, and may sell the said bonds at such prices as may be
thought best for the interest of the company.

5. Said company may connect its street railway with other street
railways within the limits aforesid now existing or hereafter incorpo-
rated with the consent of the owners of such railways. The said com-
pany may also acquire and own by lease, purchase, or otherwise, any
street railwav or other property, stock or franchise, in whole or in
part, in or near Richmond now incorporated or constructed, and acquire
and consolidate its railway or railways with such railways, and mav
issue therefor the bonds and stocks of said company for such amounts
as may be agreed upon.

Now, then, the said company may sell, lease, or otherwise dispose.
in whole or in part, any of its rights. privileges, and property. The
said company may also acquire by lease, purchase, or otherwise, electric
power for the purpose of conducting its business, and may dispose of
its surplus power by lease or otherwise.
6. Said company may take and acquire by purchase, condemnation,
ase, or otherwise, and hold, and thereafter to sell or otherwise dis-
se Of, real estate, not to exceed five acres, in the citv of Richmond, nor
ore than one thousand acres in the county of Henrico, and other
joining counties, in the state of Virginia, exclusive of its road beds,
it including such property as it may devote to terminals, parks, pleas-
‘e grounds and other uses.

7. The said company may adopt such motive power to propel its
Ts or carriages as the proper authorities of the city or county may per-
it; and nothing herein contained shall be construed to relieve the
mpany from any condition, provision, restriction, or limitation now
iposed, or which may be hereafter imposed upon said company by
‘dinance of the city of Richmond.

8. The principal office of the company shall be in the county of Hen-
co. : ,
9. The corporators named in this act shall constitute the board of
rectors for the first year, and shall have the power and authority of
president and board of directors for the purpose of organization,
1d all other purposes incident thereto: they shall elect one of their
umber president of the board, and may appoint such other officers
; thev may deem proper; thev may fill any vacancy on the board or
. the office of president of the company. Whenever ten thousand
Wars ($10,000.00) stock shall have heen subscribed, the board of
rectors shall proceed to organize the company by the election of
hcers aforesaid; and when so organized it shall have all the rights,
owers, and privileges conferred upon cornorations and chartered
ympanies by the laws of the state, and he subject to all the obligations
nposed thereby, except so far as they are inconsistent with this act.
10. The construction of the railway or railwavs authorized by this
+t shall be commenced within two vears from the passage of this act
nd completed within five vears thereafter.

11. The general assembly hereby reserves the right at any time to
Iter, amend, or repeal this charter.

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