CHAP. 238.—An ACT to incorporate the Richmond and West Point
Terminal Railway and Warehouse Company.

Approved March 8, 1880.

1. Be it enacted by the general assembly of Virginia, That
John Stewart, W. H. Palmer, John B. Davis, E. Wilkinson, A.
Y. Stokes, A. S. Buford, Reuben Foster, Isaac Davenport,
Junior, John P. Branch, T. M. Logan, Joseph R. Anderson, R.
E. Blankenship, Roger Gregory, B. W. Lacy, and their asso-
ciates and successors, be and they are hereby constituted and
made a body corporate and politic by the name and style of
The Richmond and West Point Terminal Railway and Ware-
house Company, and by that name and style shall have all the
rights and powers and privileges conferred, and be subject to
all the provisions of chapters fifty-six, fifty-seven and sixty-one
of the Code of eighteen hundred end seventy-three, so far as
the same may be applicable to and are not inconsistent with
the provisions of this act.

2. The capital stock of said company shall not be less than
one hundred thousand nor more than five million of dollars,
divided into shares of one hundred dollars each ; and forthe pur-
pose of obtaining subscriptions to said capital stock, any three
of the persons named in the foregoing section may open books
of subscription at such times and places as they may appoint.

3. The annual meeting of the stockholders in said company
shall be held at the city of Richmond on the Thursday after
the first Monday in September in each year, or on such other
day as the stockholders in general meeting may appoint, and
in all meetings of the stockholders subscribers who have paid
all calls on their stock theretofore made shall be entitled to
one vote for each share of stock held by such subscriber, which
vote shall be cast in person or by proxy.

4. The said Richmond and West Point Terminal Railway
and Warehouse company is hereby authorized and empowered to
erect and construct, at or near the city of Richmond and at or
near the town of West Point, Virginia, wharves, piers, docks,
basins, warehouses, elevators, cotton presses, suitable for the
accommodation of steamships, vessels and boats, and for the
convenient loading, unloading, shipping, receiving and storing
of all kinds of merchandise and personal property for safe-
keeping, and may conduct the business usually transacted by
warehousemen, wharfingers and lightermen, and may charge
and collect compensation for the storage, dockage, wharfage
and lighterage, and for all labor incident thereto, including the
expense of weighing, insuring, keeping and delivering such
merchandise or personal property at such rates and on such
terms as may be agreed upon between it and its customers, and
for any advances made by it on merchandise or property stored
or deposited with it for shipment, and for all its charges and
expenses incident thereto, the said company shall have a pre-
ferred lien on said merchandise and property, which shall be
paid before the said company shall be required to deliver the
same.

5. That for convenience of access to such improvements, the
said company shall also have authority to construct, equip and
operate one or more railways with all neccssary sidings and
branches (the latter not to exceed fifteen miles in length) from
any of said structures to such point or points of convenient
connection with each or any line of railway terminating either
at or near Richmond, or at or near West Point, Virginia, as
the said company shall determine; and for that purpose may
acquire title in the mode prescribed by law to a continuous
line of one hundred feet in width of land, and such additional
lands as may be necessary for the use of said roads and tracks
and for the buildings and works of said company.

6. The said company shall have power to unite, consolidate,
or connect its railways with any line of railway constructed or
which may be constructed in this state, upon suuh terms as may
be agreed upon between it and such other railway company,
and for this purpose power is hereby granted to it and to any
railway company incorporated by this state to make and carry
out such contracts, by lease, purchase or otherwise, as will
facilitate and consummate such connection or consolidation.

7. Any railway, steamship or navigation company with which
said Richmond and West Point terminal railway and warehouse
company may connect is hereby authorized to subscribe to the
capital stock of said company, and the stock so subscribed
shall have the same privileges and powers and be subject to
the same conditions and regulations as the stock held by other
stockholders therein.

8. The said company is hereby authorized to subscribe to the
capital stock of any railroad company chartered by the state,
or by North Carolina, South Carolina, Tennessee, Kentucky,
Georgia, Alabama, or Mississippi, which may have been con-
structed or may hereafter be constructed. It is also authorized
to acquire, by purchase or otherwise, stock or bonds of any
such railway company.

9. The said company is also authorized, from time to time,
to borrow such sums of money as may be necessary for its pur-
poses, and for such loans to issue its bonds, bearing interest
not exceeding seven per centum per annum, to sell, exchange
and hypothecate said bonds on such terms as it may deem
advisable, and to secure the said bonds and interest thereon by
deed of trust or mortgage conveying its works, property and
franchises, in whole or in part.

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