CHAP. 328.—An ACT to provide a new charter for the Southside
land and improvement company.

Approved February 22, 1890.

Whereas, the Southside land and improvement company
was duly incorporated by an order of the corporation or
hustings court of the city of Manchester, entered and re-
corded as provided by law on June the twenty-first, elgh-
teen hundred and eighty-nine; and whereas said company
has been granted by the cities of Manchester and Rich-
mond the privilege and franchise of constructing and
operating a street railway through and connecting said
cities; and whereas said company has acquired valuable
real estate, which it desires to improve and have its powers
enlarged:

1. Be it enacted by the general assembly of Virginia,
That the Southside land and improvement company be,
and is hereby, incorporated and made a body corporate
and politic under the general laws of this state by the
name of the Southside land and improvement company,
and that all of its acts heretofore done within the scope
of its charter and the franchises heretofore granted to the
same by the cities of Manchester and Richmond are hereby
confirmed and validated.

2. The capital stock of said company shall not be less
than one hundred thousand dollars nor more than one
million dollars, to be divided into shares of one hundred
dollars each.

3. Said company shall be permitted to own not exceed-
ing two thousand acres of land at any one time.

4. The principal office of said company shall be in the
city of Manchester.

5. The officers for the next ensuing year shall be as at
present, to-wit: William C. Seddon, president, who, to-
gether with Alexandria H. Rutherfoord, James F. Bradley.
John C. Robertson, and William N. Marburg, shall be the
directors, three of whom shall constitute a quorum, and
such other officers and agents as the company may ap-
point.

6. Said company may construct or purchase and operate
gas plants and works, water plants and works, and sewer
plants and works, or any or either of them for itself, or
other persons or corporations, and have power to make
contracts for the renting out, leasing, selling, or operating
the same, or any part or portion of said plants, or any or
either of them, to or with other corporations or persons,
and provide suitable regulations for collecting the reve-
hues from the same in the said contracts when made with
municipal corporations.

7. The said company shall have power to build and
Operate street railways, for which franchises have been
granted it by the cities of Manchester and Richmond over
the lines or streets which said privileges have been granted
and over the James river bridge, subject to such terms and
Conditions as the bridge commissioners may provide; and
Over such lines and streets as the councils of said cities
may hereafter grant them the privilege to use, and into

€ counties of Chesterfield and Henrico, over such lines
and roads as the board of supervisors of said counties may

ereafter grant them the privilege to use for that purpose,
and shall be empowered to construct such bridges across
the James river as may be necessary for the same; and
the said council and boards of supervisors are hereby em-
powered to grant said privileges to said company under
such conditions and upon such terms as the said respec-
tive councils and boards may determine, and may use on
the lines of said railway which they are now or hereafter
may be authorized to construct and operate electric moters
or such other motive power as may be permitted by said
councils and boards. Said company in its contract with
said cities and counties for franchises may provide for the
rate of charges for the transportation of passengers on or
over its lines of its railways, and may from time to time
regulate the rate of charges for carrying bundles, packages,
manures, farm truck and dairy products, or other freights,
which they are hereby permitted to carry on their said
lines, and if deemed necessary to provide freight vans for
the purpose.

8. Said company may borrow money and issue bonds
bearing interest not exceeding six per centum per annum,
and may secure the same by deed of trust or mortgage on
all of its property, plants, works, rights, privileges, fran-
chises, or any part thereof.

9. Said company may sell and convey, rent or lease, its
unimproved lots or lands, or the lots and the improvements
or buildings thereon erected, or any of its property, upon
such terms as may be agreed upon, and may take notes,
bonds, or other securities for the purchase money, and may
have the same secured by deed of trust from individuals
or corporations, and may lease the lines of other street
railways and operate the same under such regulations and
conditions as may be agreed upon in the contract of lease,
and may lease or sell and transfer its line or lines of rail-
ways and the franchises and privileges pertaining thereto,
or consolidate the same with any other company having
power to construct or operate a line or lines of street rail-
ways in the cities and counties aforesaid, or any or either
of them.

10. Said company may make such reasonable regula-
tions and by-laws as may be necessary for carrying out
the powers herein granted, and which may not be incon-
sistent with the laws of this commonwealth.

11. A stockholders’ meeting shall be held annually in
the month of November for the election of officers and
for general purposes, and as much oftener as the business
of the company may require; and at such meetings each
stockholder shal] be entitled to one vote for each share
held.

12. The stockholders shall in no event be liable for the
obligations of said company further than in the amount
which may be unpaid upon the stock held or subscribed
for by them.

13. In consideration of the granting of this charter the
said company shall pay all taxes, dues, and other demands
whatsoever, due by it to the state of Virginia, in lawful
money of the United States and not in coupons.

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

CHapP. 329.—An ACT to incorporate the Bland County Land, Im-
provement, Development and Transportation company.

Approved February 22, 1890.

1. Be it enacted by the general assembly of Virginia,
That Samuel W. Williams, Martin Williams, W. W. Gray-
son, A. J. Grayson, and A. R. Heflin, or such of them as
may accept the provisions of this act, their associates and
successors, be, and they are hereby, incorporated and
made a body politic and corporate under the name and
style of the Bland county land, improvement, develop-
ment and transportation company, and by that name
shall be known in law, and shall’ have perpetual succes-
sion, and have power to sue and be sued, plead and be
impleaded, defend and be defended in all courts, whether
in law or in equity, and make and have a common seal
and alter or renew the same at pleasure, and shall have,
enjoy and exercise all the rights, powers and privileges
pertaining to corporate bodies and necessary for the pur-
poses of this act, and make by-laws and rules and regu-
lations consistent with the existing laws of the state for
the government of all under its authority, the manage-
ment of its estate and properties, and the due and orderly
conduct of its affairs.

2. The capital stock of the said company shall not be
less than ten thousand dollars, and may be increased to any
amount not exceeding two million five hundred thousand
dollars by issue and sale of shares, the par value of which
shall not be less than fifty dollars, from time to time,
under such regulations as the board of directors of said
company shall from time to time prescribe; and the direc-
tors may receive real or personal property suited to the
business of the company in payment of subscriptions to
the capital stock at such valuation as may be agreed
upon between the directors and subscribers, and other-
wise sell or dispose of said stock in such manner, upon
such terms and at such price as the board of directors
may prescribe.

3. The said company shall have the power, and may pur-
chase, hold, sell, grant, mortgage, or otherwise dispose of,
real estate in the county of Bland, or elsewhere in the
state of Virginia, and hold personal property in this state,
or issue bonds thereon, and secure the same by mortgage
or trust deed, and may lay out any lands acquired by it
into parcels or lots of convenient size, or parks, with in-
tervening roads, streets, and alleys, and may develop,
work, improve, cultivate, sell, grant, lease, or otherwise
dispose of same, and may increase the same by mortgage,
deed of trust, or otherwise, or any part thereof, in such
manner and upon such terms as the company may think
proper, and may erect buildings thereon for sale or rent,
or any other purpose which it may deem proper, and may
lend money, whenever deemed expedient, for developing
lands held or sold by it, or lands contiguous thereto, and
may run street cars impelled by any kind of motive power
which it may deem preferable, over any street so laid out,
or the streets of any municipal corporation whose proper
authorities may authorize it so to do, or the roads of any
county whose proper authorities may authorize it; and
may also operate gas or electric light works, or any other
method of lighting or steam-heating works, and may also
furnish steam for heating purposes or motive power, and
may acquire or hold the stocks and bonds of any incorpo-
rated company organized and doing business in this state:
provided, that said company shall not own more than
thirty thousand acres of land in any one county of this
state at any one time.

4. The said company is authorized and empowered to
mine coal, iron ore, or other minerals; to prepare the pro-
ducts thereof for market ; to make coke and transport and
sell] the same; to manufacture iron and steel and metals,
and articles composed wholly or partly of iron and steel
and other metals or wood; to bore for salt, oil or gas, and
manufacture, transport and refine the same, and to sell
and dispose of the same, and to erect blast furnaces, roll-
ing mills, forges, mills, machinery, fixtures, buildings; to
own, operate and construct saw mills, manufacture and
sell all kinds of wood and lumber, and the necessary
appliances and appurtenances required in the conduct of
their business, and to make leases or contracts for these
or any of these purposes; and the said company shall have
the right from time to time to purchase, lease, hold and
control in any manner, grant, bargain, sell and convey
iron ore, mineral and limestone and other lands and rights
and interests in lands situated in the county of Bland,
and elsewhere in the state of Virginia, not exceeding, how-
ever, thirty thousand acres of land in any one county; to
lay out, develop and improve the same; and the said com-
pany may locate, construct and operate a line of railroad
or railroads from any of its lands or works to any point
on any railroad now or hereafter constructed in or to the
said counties in which it is authorized to hold lands:
provided, nothing herein contained shall be considered as
exempting the company from the provisions of the code of
Virginia, of eighteen hundred and eighty-seven, if it shall
engage in the construction or operation of any railroad;
and the said company may acquire by condemnation, in
the mode prescribed by law, the lands necessary for the
right of way of its railroad and necessary stations, depots
and sidings.

5. The persons first named in this act, or such of them
as shall accept the provisions thereof, shal] constitute the
first board of directors of said company, and shall con-
tinue in office until the first meeting of the stockholders
thereof. At such first meeting, and at every annual meet-
ing, 80 many directors shall be elected as may be pre-
scribed by the by-laws and regulations of said company,
who may be removed by the stockholders in genera! meet-
ing, but unless so removed shall continue in office until
their successors are elected and qualified. Each stock-
holder in the company shall at all meetings or elections
thereafter be entitled to one vote for each share of stock
registered in his name.

6. The board of directors shall be stockholders of said
company. They shall appoint one of their number presi-
dent, and may fill any vacancy that may occur in said
board unless by removal, in which case the same shall be
filled by the stockholders in general meeting. Whenever
the minimum amount of capital stock herein named shall
have been subscribed, and the board of directors shall have
elected a president, said company shall be considered
legally organized, and may proceed to the transaction of
business. The board shall appoint, to hold during its
pleasure, the subordinate officers and agents of the com-
pany, prescribe their compensations, and take from them
such bonds with good security as they may deem fit.

7. The board of directors may establish offices and agen-
cies at such places as they may deem proper; but the
principal office of the company shall be located at the
town of Seddon, Bland county, Virginia, or some other
point within the limits of the state of Virginia.

8. The annual meeting of the stockholders of said com-
pany shall be held at Seddon, Bland county, Virginia, on
the first Wednesday of May of each year, or as soon there-
after as practicable, and on such other day and at such
other place as the stockholders may, by resolution adopted
in any annual meeting, to take effect at the next annual
meeting, prescribe. A general meeting of the stockhold-
ers of the said company may be held at any time, as pro-
vided for by section eleven hundred and fourteen of the

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