Chap. 935.—An ACT to incorporate the Norfolk and Lynnhaven railroad and
| terminal company.

Approved March 7, 1900.

1. Be it enacted by the general assembly of Virginia, That William
Lamb, R. H. Wright, R. B. Cooke, E. T. Lamb, William Lauder, N. M.
Osborne, and their associates, successors, and assigns, be, and they are
hereby, declared to be a body corporate and politic, by the name of
the Norfolk and Lynnhaven railroad and terminal company, and by that
name and style are hereby invested with all the rights, powers, and
privileges conferred, and made subject to all the rules, regulations, and
restrictions imposed by the code of Virginia, and all the general laws
applicable to such corporations as are not inconsistent with the pro-
visions of this act.

2. The capital stock of said company shall not be less than five
thousand dollars, but the company shall have the privilege of increas-
ing same from time to time to an amount not exceeding five hundred
thousand dollars, and shall have power to issue stock to the amount
of the capital, and issue bonds to be secured bv deed or deeds of trust
upon all the property, franchises, and improvements of the company,
including the tracks and rolling stock, if at any time it shall see fit
to do so; the said stock to be divided into shares of one hundred dollars
each, and at all meetings of the stockholders each share be entitled to
one vote, which mav be given by the holders thereof or by proxy. When
fifty shares shall have been subscribed, under the direction of any
three of the corporators hereinbefore named, the subscribers shall
assemble in Norfolk upon the call of the corporators, or a majority of
the same, to organize the company under this act, to elect a president
and board of directors, whose term of office shall be one year. Sub-
sequent elections of president shall be made by the board of directors,
and of the board of directors by the stockholders.

3. The board of directors shall fix the salary of the president and all
officers of the company, and the maximum amount of stock to be sub-
scribed for by any one person. All other oflicers not herein otherwise
provided for shall be elected by the directors.

4. The said company is hereby authorized to construct and operate
a railroad from the city of Norfolk to any point or points between
Little creek inlet and Lynnhaven inlet, on the bay shore, in the county
of Princess Anne, state of Virginia, and from thence, if it shall so
desire, to Cape Henry, in said county. It shall have power in its cor-
porate capacity to buy or acquire land in Princess Anne county on
or near Chesapeake bay and Atlantic ocean, not to exceed five thou-
sand acres, and to improve the same by erecting upon it hotels, and
making such other improvements as are usual at seaside resorts, and
to sell or lease lots to persons who may desire to build cottages or other
buildings, or to lease or rent to other persons who may be willing to
lease or rent the same.

5. The said company is hereby authorized to construct and operate
lateral branches not exceeding twenty miles in length, and to cross
any creek or stream between the ctiy of Norfolk and the Atlantic
ocean: provided, the navigation of same is not interfered with.

6. It shall be lawful for said company to consolidate with any other
railroad company heretofore incorporated or hcreafter to be incorpo-
rated in or out of the state of Virginia whose line of road connects,
or will connect, either physically or by ferry with the railroad hereby
authorized to be constructed, and it shall be lawful for the company
hereby incorporated to lease or sell its works, property, or franchises
to any other such company, and it shall be lawful for said company
to lease or purchase the works, property, and franchises of any other
railroad company heretofore incorporated or hereafter to be incorpo-
rated in the state of Virginia or out of the state of Virginia whose
line of railroad connects or will connect, either physically or by ferry,
with the railroad hereby authorized to be constructed, and any
railroad company heretofore incorporated or hereafter to be incor-
porated in the state of Virginia is hereby authorized to consolidate
with the said Norfolk and Lynnhaven railroad and terminal company,
or to purchase or lease the works, property, and franchises of the said
Norfolk and Lynnhaven railroad and terminal company: provided,
that no consolidation of the corporation hereby created with anv cor-
poration chartered bv another state, or any lease or sale thereof, shall
operate to prevent such consolidated company from being a corporation
of this state or in any manner to impair the jurisdiction of the courts
of this state in respect of the property or franchises so leased or pur-
chased.

%. The said company is also authorized to construct at or near Lynn-
haven inlet wharves, docks, warehouses, elevators, and so forth, suitable
for the accommodation of steamships and vessels and for the conve-
nience of shipping, transporting, and storing all kinds of merchandise
and property, and the company may conduct a general dock, wharf,
warehouse, steamship, and lighterage business. It may transport pas-
sengers and freight, and may construct, purchase, or hire steamships
and other means of transportation requisite for its business. It may
receive on storage all kinds of merchandise, and may charge and collect
compensation for storage, wharfage and lighterage and for all labor
incident thereto at such rates and upon such terms as may be agreed
upon between it and its customers, and for any advances made by it on
merchandise, and for all its charges the company shall have a pre-
ferred len on such merchandise. And it shall be lawful for corpora-
tions or persons to enter into contracts with the Norfolk and Lynn-
haven railroad and terminal company for the use, hire, operation, or
lease from said company of its wharves, docks, elevators, vessels, rail-
ways, sidings, and other terminal facilities, or any part or parts thereof,
upon such terms.as may be agreed upon. And it shall be lawful for
said Norfolk and Lynnhaven railroad and terminal company to arrange
with any railroad entering the cities of Norfolk and Portsmouth, or
having a terminus in Norfolk county, for the use of any of their
terminal facilities, or any part or parts thereof, upon such terms as
may be agreed upon.

8. To furnish a basis for raising capital, it shall be lawful for said
company, or its successors, to receive grants and subscriptions in land,
at a fair valuation,and materials upon such terms as may be agreed upon
with the board of directors, and it may exchange its stock or bonds
therefor, and may hold or sell the same at pleasure.

9. The said company, by the acceptance of this charter, hereby agrees
to pay all taxes, dues, and demands due the state that may hereafter
be assessed against it in lawful money of the United States, and not
In coupons.

10. The road shall be commenced within three vears and be completed
within six years from the passage of this act.

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