Chap. 457.—An ACT to incorporate the Truitt lumber company.

Approved February 23, 189s.

1. Be it enacted by the general assembly of Virginia, That George
W. Truitt, William H. Vincent, George B. Smith, of Southampton
county, Virginia; Walter F. Deal and Gordon L. Vincent, of Greenesville
county, Virginia, and such others as may hereafter become associated with
them, their successors and assigns be, and they are hereby, incorporated
and made a body politic and corporate under the name and style of Truitt
lumber company, and by that name shall be known in law and have
perpetual succession, and have power to sue and be sued, plead and be
impleaded, defend and be defended in all courts, whether in law or
equity, and may make and have acommon seal, may alter and renew the
same at pleasure, and shall have, enjoy and exercise all rights, powers
and privileges pertaining to corporate bodies and necessary for the pur-
pose of this act, and may make by-laws, rules and regulations for the
government of all under its authority, the management of its properties,
and the due and orderly conduct of its affairs.

2. The capital stock of said company shall not be less than fifty
thousand dollars nor more than one hundred and fifty thousand dollars,
in shares of one hundred dollars each, and the directors may receive
real or personal property or services in payment for subscriptions, at
such valuation as may be agreed upon.

3. The said company is authorized and empowered to purchase, hold,
own, grant, bargain, sell, mortgage, convey and otherwise control and
dispose of any real or personal estate or standing timbers in the
counties of Dinwiddie, Sussex, Greenesville and Nottoway: provided,
said company shall not hold more than ten thousand acres of land in
any one county at the same time; and the said company shall have the
further right to manufacture and prepare for use and for sale, in all
manner of forms it may adopt, all timber and other raw materials which
they may own or acquire from time to time, and for this purpose may
erect and operate all kinds of mills, works, and machinery of any and
every description, necessary or required for the enjoyment of the privi-
lege herein granted.

4. The said company shall have the right to build tramways or rail-
roads, to be operated by steam or horse-power, to connect their mills,
lands and other properties with the Petersburg railroad company, the
Norfolk and Western railway company, the Atlantic and Danville rail-
way company, and Virginia and Carolina railroad company, or with any
one or more of them; and the said company, for said purposes, shall
have the right to acquire the necessary rights of way to build said tram-
ways or railroads, not exceeding forty feet in width, by purchase or
otherwise; and if the conipany and the owners thereof cannot agree as
to the compensation to be paid for the said rights of way, so as to ena-
ble the said company to acquire the same by purchase, then the said
company may acquire the same by condemnation, as provided in chap-
ter forty-six of the code of Virginia, edition of eighteen hundred and
eighty-seven, and the acts of assembly amendatory thereof, and as
to all such rights of way so acquired by condemnation the said company
shall be deemed a railroad company and governed by the laws governing
common carriers; but shall have the right to remove such railroads
when its purposes are accomplished.

o. The five persons first named in this act shall constitute the first
board of directors of the said company, one of whom they shall elect
president, and they shall continue in office for one year and until their
successors are elected. They shall also have power to appoint such
subordinate officers as may be provided for in the by-laws or be deemed
necessary by said board of directors.

6. The principal office of said company shall be in the town of Em-
poria, Virginia, but the said company shall have the right to establish
ollices and agencies elsewhere in and out of the state.

7. This charter herein granted, except as to matters herein specially
provided for, is hereby declared to be subject to the provisions of the
eeneral law in regard to chartered companies and corporations, and
shall pay all of its taxes in money and not in coupons.

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