Chap. 171.—An ACT to incorporate the Pickett’s Harbor Wharf Com-
pany, within the limits of the County of Northampton.

Approved March 16, 1875.

1. Be it enacted by the general assembly of Virginia, That
Edward W. Nottingham, Senior, Thomas T. Spady, Edward
M. Hallett, Dennard Fitchett and Israel Townsend, their as-
sociates, successors and assigns, be and they are hereby crea-
ted a body politic and corporate, in fact and in law, by the
name and style of The Pickett’s Harbor Wharf Company,
and by that name have perpetual succession, and shall be
able to sue and be sued in any court of law and equity; to
make and use & common seal; and may exercise and enjoy
all the rights and powers granted by this act.

2. Be it further enacted, That the objects of the said cor-
poration are declared to be to carry on the business of aare-
housemen and wharfingers within the limits of the said
county, for which purpose they are hereby authorized to pur-
chase, hold and convey real and personal estate not to exceed
ten acres, necessary for the business of said corporation, the
principal office of which shall be on its own premises.

3. The capital stock of said company shall not be less than
fifteen hundred dollars, nor more than ten thousand dollars.
The said capital stock shall be divided into shares of twenty-
five dollars each, which shall be deemed personal property,
and shall be transferable in such manner as the company
may direct; and whenever one thousand dollars of said capi-
tal shall have been subscribed and ten per centum of the
same shall be actually paid up in cash, the above named cor-
porator’s and their associates, if any, shall be authorized and
empowered to organize said company by the appointment of
a president, secretary, and treasurer, and the adoption of such
ordinances, by-laws and regulations, not inconsistent with
the gencral laws of the state, as may be decmed necessary
for the proper management of the affairs of said company,
and they may proceed to business as provided forin this act.

4. It shall be lawful for this corporation, upon such real
estate, purchased as aforesaid, to erect wharves, docks, ware-
houses and cdifices, and may receive on storage or deposit
any goods, wares, merchandise, or other kinds of personal
property, for safekeeping or shipment, and may collect amd
receive compensation for storage, dockage and wharfage at
such rates and on such terms as may be agreed upon in any
contract, verbal or written, between any owner, depositor or
shipper and this corporation; and all such charges and ex-
penses, as agreed upon by such contract, shall be a lien on
said goods, wares, merchandise or other kinds of personal
property so stored or deposited, and said lien may be en-
forced by sale therof for payment of such services rendered
by this company.
5. Books for subscription shall be opened at such times an
places as the corporators herein named shall designate, anc
said subscriptions shall be payable by each such subscribe
at such time as it may be called for by the president and di
rectors of the company, and in such proportions as they maj
deem necessary; and if any subserihar shall fail to pay thé
same so called for, upon each and every share so held within
thirty days after the same has been so called for and de
manded, then the amount so called for may be recovered by
motion upon twenty days’ notice, in writing, in any court 0.
record in the coynty or place of residence of the holder o
the stock.

6. The scale of voting at all meetings of the company shal
be one vote for each share of stock, to be cast in person or
by proxy,

7. The affairs of the company shall be managed by five
directors, one of whom shall be president; the said directors
to be vhosen and elected by a majority of the stockholders in
interest, and said directors shall, at.least ‘once in each year,
render a full and correct account of the receipts and disburse-
ments made on behalf of the company in each preceding year.

8. The said company shall organize in five years, or else
forfeit the rights, privileges and franchises herein conferred.

9. This charter shall be subject to modification or repeal,
at the pleasure of the general assembly. .

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