Chap. 385.—An ACT to incorporate the Norfolk and Lambert’s
Point street railway company.

Approved February 25, 1892.

1. Be it enacted by the general assembly of Virginia,
That J. H. Dingee, Joseph I. Doran, John Graham, junior,
H. L. Smith, Fergus Reid, C. Brooks Johnston, John N.
Vaughan, N. M. Osborne and Alfred P. Thom, their asso-
ciates, succesrors and assigns, be, and they are hereby,
constituted a body politic and corporate under and by the
name and style of the Norfolk and Lambert’s Point street
railway company, and by that name shall have perpetual
succession and a common seal, which they may alter or
amend at their pleasure, and may sue or be sued, implead
and be impleaded, contract and be contracted with, pur-
chase, hold and grant estates, real and personal, and
make ordinances, by-laws and regulations consistent with
the laws of this state and of the United States for the
government of all under their authority, for the manage-
ment of their estates and the due and orderly conduct of
their affairs.

2. The capital stock of said company shall not be less
than twenty-five thousand dollars and not more than five
hundred thousand dollars, divided into shares of the par
value of one hundred dollars each. The above-named J.
H. Dingee, Joseph I. Doran, and John Graham, junior, or
any three of the above-named incorporators, to be selected
by themselves, are heréby created a commission, and are
authorized to receive subscriptions to the capital stock of
said corporation, and for this purpose may open subscrip-
tion books in such manner and after such notice as the
may deem necessary, and may keep the same open until
the minimum amount above named shall have been sub-
scribed. Thereafter, within their discretion, they may
call a meeting of the subscribers and organize the com-
pany. From time to time the capital stock may be in-
creased, under such regulations and upon such terms and
at such price as the board of directors of said company
may prescribe, until the maximum amount above named
shall have been issued; and the board of directors may
receive bonds or stock of other incorporated companies,
lands, rights of way and other property, real or personal,
in payment of subscriptions “to the capital stock at such
valuation as may be agreed upon.

3. The said company is authorized to lay out, construct,
equip, maintain and operate one or more lines of street
railway, either single or double track, to run over and
through such streets or parts of streets of the city of Nor-
folk, Virginia, as the board of directors of said company
shall determine, and shall have the right to construct,
Maintain and operate a railway to any point within ten
miles of said city, in the counties of Norfolk and Princess
Anne; provided, that before said company shall begin to
construct its railway upon any street in said city the con-
sent of the council of the said city shall be obtained
thereto, and under such terms and regulations as they may
prescribe. Such line or lines of railway may be operated
by horse, electric or other motive power except steam, and
thay transport passengers or freight, or both, and for such
rates of toll as the directors of said company may from
time to time prescribe.

4. The said corporation may acquire by gift, purchase
or lease, and may hold and convey real estate in the city
of Norfolk and in the counties of Norfolk and Princess
Anne; such real estate, however, not to exceed at any one
time fifty acres ; and whenever the railway of said company
is not located upon any street or public road, the said com-
pany shall have the right to acquire the land needed for

he same by gift, purchase or lease, and the said land so
acquired may be in addition to the quantity hereinbefore
authorized to be held by said company: provided that
nothing in this act shall be construed to permit the con-
struction of any railway line in the city of Norfolk on any
street parallel to a line of street railway already existing
nearer than two squares to any such street except upon
streets within two squares of Main or Granby streets; and
provided further, that nothing herein contained shall be
construed as in any way abridging the right of the city
councils of Norfolk to give the right to the company hereby
incorporated to run over the line of any existing road un-
der the terms and provisions of an ordinance adopted by
the city councils in January, eighteen hundred and eighty-
eight, or of preventing the city councils from giving the
right to the company hereby incorporated to run their
lines on Atlantic street, or on Tripoli street, or on Granby
street, between College place and City Hall avenue, if on
Granby street the location of said line does not interfere
with the double tracking of said street by the existing line
thereon ; and provided further, that mo street railway line
shall be built by the company hereby incorporated in Nor-
folk county upon any public road already granted to any
other street railway line by this legislature parallel to or
nearer than three hundred yards to any street railway so
chartered. °

5. The said company may connect or unite its line or
lines of railway with any other street railway, or may con-
solidate its stock, property or franchises with those of any
other such street railway company upon such terms as
may be agreed upon between the respective boards of di-
rectors of such companies so uniting or consolidating; and
for such purpose power is hereby granted it and to such
other company or companies to make and carry out such
contracts as will facilitate and complete such connection
or consolidation. The said company may sell or lease the
whole or any part of its railway appurtenances and fran-
chises to any other connecting railway, and may lease or
acquire from the owners of such other railway the whole
or any part of its railroad appurtenances and franchises.

6. The said company may acquire by subscription, pur-
chase or otherwise the stock or bonds of any other incor-
porated company; and it shall be lawful for eaid company
to issue or sell its bonds from time to time for such sums
and upon such terms as its board of directors may deem
expedient, and may secure the payment of any:.bonds by
a deed or deeds of trust or mortgage upon all or any of its
property and franchises, including its franchise to be a
corporation, and may reserve the right to the company to
confer on the holders of any bonds of said company the
right to convert the principal thereof into stock of the
said company at any time; and any other incorporated
compauy may, by purchase, subscription or otherwise ob-
tain, hold or transfer the bonds or stock of said company.

7. The officers of said corporation shall be a president,
vice-president, secretary and treasurer, and a board of
seven directors, including the president and vice-presi-
dent, who shall be ex-officio members, and such other
officers as the board of directors may from time to time
determine; and the terms of office, modes of election and
duties of said officers shall be prescribed by the by-laws of
said corporation, subject to the general law of this state.

8. The principal office of said corporation shall be in
the city of Norfolk, Virginia.

9. All taxes due to the commonwealth by said company
shall be paid in lawful money of the United States, and
not in coupons. :

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