Chap. 265.—An ACT to incorporate the Norfolk Terminal Company.
Approved March 6, 1882.

1. Be it enacted by the general assembly of the state of
Virginia, That U. L. Boyce, F. J. Kimball, George F. Tyler,
Clarence H. Clark, Joseph J. Doran, M. Jones, C. Billups,
William Lamb, E. E. Portlock or such of them as may accept
the provisions of this act, their associates and successors, be
and they are hereby incorporated and made a body politic
and corporate, under the name and style of The Norfolk
Terminal Company, and by that name shall be known in
law, and have all the rights, powers, and privileges pertain-
ing to corporate bodies, and be subject to all the rules, regu-
lations and restrictions imposed by the laws of the state not
inconsistent with the existing laws of the state.

2. The capital stock of said covipany shall not be less than
one hundred thousand dollars, and may be increased to any
amount not exceeding five million dollars, by issue,and sale
of shares thereof, of one hundred dollars each, from time to
time, under such regulations as the board of directors shall,
from time to time, prescribe, and the directors may receive
real or personal property in payment for subscriptions to the
capital stock, at such valuation as may be agreed upon be-
tween the directors and subscriber.

3. The said company is authorized and empowered to
acquire, construct, and operate any work of public improve-
Ment, with the right of constructing and operating a railway,
with all necessary tracks, sidings and branches (the latter
hot to exceed fifteen miles in length each), from any point
mn the Norfolk and Western railroad, in the county of Nor-
olk, to any point or points at or near the harbor of Norfolk
yr Chesapeake bay, in the counties of Norfolk and Princess
Anne, and also connecting tracts with the lines of railroad
which its routes may join or intersect, and extensions,
ranches, side-tracks, and turnouts, to enable it to connect
vith warehouses, elevators, docks, cotton presses, mills, man-
facturing establishments along or near its routes, which
nay desire such connection; and for that purpose may
equire title in the mode prescribed by law to a continuous
ine, of one hundred feet in width, of land and such addi-
ional lands as may be necessary for the use of the said road,
nd for the buildings and works of said company: provided,
owever, that nothing in this section shall be construed as
exempting the said company from the provisions of chapter
sixty-one, Code of eighteen hundred and seventy-three, if
they shall engage in constructing a line of railway.

4. The said company is also authorized to construct, at or
near the harbor of Norfolk, wharves, docks, warehouses, ele-
vators, and cotton presses suitable for the accommodation of
steamships and vessels, and for the convenience of shipping,
transporting, and storing all kinds of merchandise and prop-
erty, and the company may conduct a general dock, wharf,
warehouse, steamship, and lighterage business. It may
transport passengers and freight, and may coustruct, pur-
chase, or hire steamships and other means of transportation
requisite for its business: provided no such power or privi-
lege is granted it to build, hire or operate a railroad other
than is granted and restricted in the preceding sections of
this act. It may receive on storage all kinds of merchandise,
and may charge and collect compensation for storage, wharf-
age, and lighterage, and for all labor incident thereto, at
such rates and upon such terms as may be agreed upon
between it and its customers; and for any advances made by
it on merchandise, and for all its charges, the company shall
have a preferred lien on such merchandise.

5. The company shall have the power to consolidate with
the Norfolk and Western railroad company, and to connect
and unite physically its road With the railway of any other
existing company, upon such terms as may be agreed upon,
wherever such other company or companies may be author-
ized to cqnstruct or operate lines of road which directly, or
by intervening lines, may connect with it. Power is hereby
granted to it and to such other railroad companies to make
and carry out such contracts as will facilitate and consum-
mate such consolidation or connections.

6. Any railway, steamship, or navigation company with
which the Norfolk Terminal company may have power to
connect directly, or by intervening lines, is hereby authorized
to subscribe to, and hold the capital atock of this compan
provided that such stock shall not be voted upon until fully
paid up. It shall be lawful for the Norfolk Terminal com-
pany to issue and sell its bonds, from time to time, for such
sums, and on such terms, as its board of directors may deem
expedient in the prosecution of any of its works; and to
secure the payment of said bonds by mortgage upon all or
any portion of its property and franchises, and it shall be
lawful for said company to guarantee the payment of bonds
or other obligations of any Tailr oad, steamship, or other com-
pany with which it may connect, and to acquire by subscrip-
tion, or otherwise, the stocks and bonds of any such com-
panies.

7. The persons first named in this act, or such of them as
shall accept the provisions thereof, shall constitute the first
board of directors of the said company, and shall continue in
office until the first meeting of the stockholders thereof. At
such first meeting, and at every annual meeting, so many
directors shall be elected as may be prescribed by the by-
laws of the company. The board of directors shall be stock-
holders of said company. They shall appoint one of their
number president, and may fill any vacancy that may occur
inthe board. Whenever the minimum amount of capital
stock shall have been subscribed, the company shall be con-
sidered legally organized, and may proceed to the transac.
tion of business.

8. The principal office of the company shall be located at
some point within the limits of the state of Virginia. The
annual meeting of the stockholders shall be held at the city
of Norfolk, Virginia, on the second Wednesday of January
of each year, or on such other day, and at such other place,
as the stockholders may prescribe, in all meetings of stock-
holders, and at all elections for directors, each share of stock
shall entitle the holder to one vote.

9. The charter hereinbefore granted, except as to matters
herein otherwise specially provided for, is hereby declared to
be subject to the provisions of the general law in regard to
chartered companies and incorporations, as expressed in the
Code of Virginia: provided that unless the company hereby
incorporated shall expend one hundred thousand dollars in
the actual construction of railways, docks, and elevators,
within two years from the passage of this act, then this
charter shall be null and void.

10. This act shall be in force from its passage; but the
general assembly of the state of Virginia reserves to itself
the right to modify, alter, or repeal. this act at any time
hereafter.

Chap. 265.—An ACT to incorporate the Norfolk Terminal Company.
Approved March 6, 1882.

1. Be it enacted by the general assembly of the state of
Virginia, That U. L. Boyce, F. J. Kimball, George F. Tyler,
Clarence H. Clark, Joseph J. Doran, M. Jones, C. Billups,
William Lamb, E. E. Portlock or such of them as may accept
the provisions of this act, their associates and successors, be
and they are hereby incorporated and made a body politic
and corporate, under the name and style of The Norfolk
Terminal Company, and by that name shall be known in
law, and have all the rights, powers, and privileges pertain-
ing to corporate bodies, and be subject to all the rules, regu-
lations and restrictions imposed by the laws of the state not
inconsistent with the existing laws of the state.

2. The capital stock of said covipany shall not be less than
one hundred thousand dollars, and may be increased to any
amount not exceeding five million dollars, by issue,and sale
of shares thereof, of one hundred dollars each, from time to
time, under such regulations as the board of directors shall,
from time to time, prescribe, and the directors may receive
real or personal property in payment for subscriptions to the
capital stock, at such valuation as may be agreed upon be-
tween the directors and subscriber.

3. The said company is authorized and empowered to
acquire, construct, and operate any work of public improve-
Ment, with the right of constructing and operating a railway,
with all necessary tracks, sidings and branches (the latter
hot to exceed fifteen miles in length each), from any point
mn the Norfolk and Western railroad, in the county of Nor-
olk, to any point or points at or near the harbor of Norfolk
yr Chesapeake bay, in the counties of Norfolk and Princess
Anne, and also connecting tracts with the lines of railroad
which its routes may join or intersect, and extensions,
ranches, side-tracks, and turnouts, to enable it to connect
vith warehouses, elevators, docks, cotton presses, mills, man-
facturing establishments along or near its routes, which
nay desire such connection; and for that purpose may
equire title in the mode prescribed by law to a continuous
ine, of one hundred feet in width, of land and such addi-
ional lands as may be necessary for the use of the said road,
nd for the buildings and works of said company: provided,
owever, that nothing in this section shall be construed as
exempting the said company from the provisions of chapter
sixty-one, Code of eighteen hundred and seventy-three, if
they shall engage in constructing a line of railway.

4. The said company is also authorized to construct, at or
near the harbor of Norfolk, wharves, docks, warehouses, ele-
vators, and cotton presses suitable for the accommodation of
steamships and vessels, and for the convenience of shipping,
transporting, and storing all kinds of merchandise and prop-
erty, and the company may conduct a general dock, wharf,
warehouse, steamship, and lighterage business. It may
transport passengers and freight, and may coustruct, pur-
chase, or hire steamships and other means of transportation
requisite for its business: provided no such power or privi-
lege is granted it to build, hire or operate a railroad other
than is granted and restricted in the preceding sections of
this act. It may receive on storage all kinds of merchandise,
and may charge and collect compensation for storage, wharf-
age, and lighterage, and for all labor incident thereto, at
such rates and upon such terms as may be agreed upon
between it and its customers; and for any advances made by
it on merchandise, and for all its charges, the company shall
have a preferred lien on such merchandise.

5. The company shall have the power to consolidate with
the Norfolk and Western railroad company, and to connect
and unite physically its road With the railway of any other
existing company, upon such terms as may be agreed upon,
wherever such other company or companies may be author-
ized to cqnstruct or operate lines of road which directly, or
by intervening lines, may connect with it. Power is hereby
granted to it and to such other railroad companies to make
and carry out such contracts as will facilitate and consum-
mate such consolidation or connections.

6. Any railway, steamship, or navigation company with
which the Norfolk Terminal company may have power to
connect directly, or by intervening lines, is hereby authorized
to subscribe to, and hold the capital atock of this compan
provided that such stock shall not be voted upon until fully
paid up. It shall be lawful for the Norfolk Terminal com-
pany to issue and sell its bonds, from time to time, for such
sums, and on such terms, as its board of directors may deem
expedient in the prosecution of any of its works; and to
secure the payment of said bonds by mortgage upon all or
any portion of its property and franchises, and it shall be
lawful for said company to guarantee the payment of bonds
or other obligations of any Tailr oad, steamship, or other com-
pany with which it may connect, and to acquire by subscrip-
tion, or otherwise, the stocks and bonds of any such com-
panies.

7. The persons first named in this act, or such of them as
shall accept the provisions thereof, shall constitute the first
board of directors of the said company, and shall continue in
office until the first meeting of the stockholders thereof. At
such first meeting, and at every annual meeting, so many
directors shall be elected as may be prescribed by the by-
laws of the company. The board of directors shall be stock-
holders of said company. They shall appoint one of their
number president, and may fill any vacancy that may occur
inthe board. Whenever the minimum amount of capital
stock shall have been subscribed, the company shall be con-
sidered legally organized, and may proceed to the transac.
tion of business.

8. The principal office of the company shall be located at
some point within the limits of the state of Virginia. The
annual meeting of the stockholders shall be held at the city
of Norfolk, Virginia, on the second Wednesday of January
of each year, or on such other day, and at such other place,
as the stockholders may prescribe, in all meetings of stock-
holders, and at all elections for directors, each share of stock
shall entitle the holder to one vote.

9. The charter hereinbefore granted, except as to matters
herein otherwise specially provided for, is hereby declared to
be subject to the provisions of the general law in regard to
chartered companies and incorporations, as expressed in the
Code of Virginia: provided that unless the company hereby
incorporated shall expend one hundred thousand dollars in
the actual construction of railways, docks, and elevators,
within two years from the passage of this act, then this
charter shall be null and void.

10. This act shall be in force from its passage; but the
general assembly of the state of Virginia reserves to itself
the right to modify, alter, or repeal. this act at any time
hereafter.