CHAP. 427.—An ACT to incorporate the Norfolk and Lynnhaven
railroad and terminal company.

Approved February 29, 1892.

1. Be it enacted by the general assembly of Virginia,
That William Lamb, R. H. Wright, William Lauder, N.
M. Osborne, Frank L. Slade, D. J. Turner and their asso-
ciates, successors and assigns, be, and they are hereby, de-
clared to be a body corporate and politic by the name of
the Norfolk and Lynnhaven railroad and terminal com-
pany, 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 im-
posed by the code of Virginia, and all general laws appli-
cable to such corporations as are not inconsistent with the
provisions 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 increasing the 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 by deed or
deeds of trust upon all the property, franchises and im-
provements of the company, including the tracks and
rolling stock, if at any time it shall see fit todo so. The
said stock to be divided into shares of one hundred dol-
lars each, and at all meetings of the stockholders each
share be entitled to one vote, which may be given by the
holders thereof or by proxy. When one hundred shares
shall have been subscribed under the direction of any
three of the corporators hereinbefore named, the sub-
scribers 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. Subse-
quent elections of president shall be made by the board
of directors, and of the board of directors by the stock-
holders.

3. The board of directors shall fix the salary of the
president and all officers of the company, and the maxi-
mum amount of stock to be subscribed for by any person.
All other officers 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
corporate capacity to buy or acquire land in Princess
Anne county, on or near the Chesapeake bay and Atlantic
ocean, not to exceed five thousand 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 cot-
tages or other buildings upon them, and to erect cottages
and 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 to exceed twenty miles
in length, and to cross any creek or stream between the
city of Norfolk and the Atlantic ocean: provided the
navigation of the same is not interfered with.
6. It shall be lawful for said company to consolidate
with any other railroad company heretofore incorporated
or hereafter to be incorporated 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 au-
thorized to be constructed; and it shall be lawful for the
company hereby incorporated to lease or sell its works,
property, and 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 incor-
porated in 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 construct-
ed; and any railroad company heretofore incorporated or
hereafter to be incorporated in the state of Virginia, is
hereby authorized to consolidate with the said Norfolk
and Lynnhaven railroad and terminal company, or to
sell, or lease its works, property, and franchises to said
Norfolk and Lynnhaven railroad and terminal company,
or to purchase, or lease the works, property, and fran-
chises of the said Norfolk and Lynnhaven railroad and
terminal company: provided that no consolidation of the
corporation hereby created, with any corporation char-
tered by 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 and franchises so leased or purchased.

7. The said company is also authorized to construct, at
or near Lynnhaven inlet, wharves, docks, warehouses, ele-
vators, and so forth, suitable for the accommodation of
steamships and vessels, and for the convenience of ship-
ping, 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 passengers and freight, and may con-
struct, 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 cus-
tomers; and for any advances made by it on merchandise
and for all its charges, the company shall have a preferred
lien on such merchandise. And it shall be lawful for cor-
porations or persons to enter into contracts with the Nor-
folk and Lynnhaven railroad and terminal company for
the use, hire, operation, or lease from said company of its
wharves, docks, elevators, vessels, railways, 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 com-
pany to arrange with any railroad entering the cities of
Norfolk and Portsmouth, or having a terminus in Nor-
folk 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 law-
ful for said company or its successor 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 be hereafter assessed against it, in lawful
money of the United States, and not in coupons.

10. The road shall be commenced within two years, and
be completed within five years from the passage of this
act.
11. This act shall be in force from its passage.