Chap. 346.—An ACT to amend, enlarge, and re-enact the charter of
the Norfolk Storage Company.

Approved March 7, 1&84.

Whereas the Honorable George Blow, judge of the cireuit
eourt of the city of Nortolk, Virginia, did on the sixth day
of October, eighteen hundred and vivhty -tWo, grant a char-
ter to the Norfolk Storage company, in the words and figures
as follows
Charter of incorporation granted by the Honorable George

Blow, judge of the circuit court of the city of Norfolk, at

the said city, on the sixth day of October, eighteen hun-

dred and eighty -two, to Daniel Husted, John T. Grittin,

Henry Kirn, Frank Pete erson, and John L. toper and

others.

On the presentation of their certificate, duly made, signed,
and acknowledved by them, and hereto annexed, Ww hich has
been duly considered—it is ordered,

First. The said persons and their successors, and such
other persons as may be associated with them, according to
provisions of this charter. shall be a body politic and corpo-
rate by the name of the Nortolk Storage company, for the
following purposes, to-wit: the conduct of a general storage
and w urehouss business in all its departments, and the huy-
ing and selling of peanuts, and cleaning, shelling and prepar-
ing the same tor market.

Second. The maximum capital of the said company shall
be one hundred thousand dollars, and the minimum capital
shall be five thousand dollars, divided into shares of one bun-
dred dollars each.

Third. The said company may acquire, hold, sell, and con-
vey so much realestate as shall be required for the convenient
transaction of its business, not to exceed at any one time,
ten acres,

Fourth. The place in wehiivlh the principal office of the com-
pany shall be kept, and its chiet business transacted, shall be
in the city of Norfolk. Virginia.

Fifth. The names and residences of the officers who for
the first year are to manage the affairs of the said company,
are as follows: John L. Roper, president, Norfolk city, Vir-
ginia; Frank Peterson, secretary and treasurer, Nortolk city,
Virginia; Daniel Husted, director, Norfolk city, Virginia ;
John IL. Roper, director, Norfolk city, Virginia; John T.
Griffin, director, Norfolk county, Virginia; Henry Kirn,
direetor, Nortolk county, Virginia.

sixth. Other persons than those above named may be as-
sociated with them, by subscribing for shares or otherwise
becoming stoc -kholders of the said company, in such manner
as may be prescribed by its by-laws.

Seventh. The said persons, their successors, and such other
persons as may be associated with them, according to the
provisions of this charter, shall be a body politic and corpo-
rate by the name of the Norfolk storage company, and shall
have all the general powers, and shall be subject to all the
ceneral restrictions provided by the Code of Virginia, edition
of vighteen hundred and seventy-three, or that may have been
heretofore or may be hereatter enacted by the general assem-
bly in regard to such bodies, politic and corporate.

Given under my hand, at the city of Nortolk, this sixth
day of October, eighteen hundred and eighty-two.

GEORGE BLow,

Judge of the circuit court of the city of Norfolk—
Which charter was duly recorded in the clerk’s office of the
said circuit court of the city of Nortolk on the said sixth day
of October, eighteen hundred and eighty-two, and was re-
ceived in the office of the secretary of the commonwealth on
the eleventh day of October, exgateen hundred and eighty-
two, and filed and recorded therein. .

And whereas the said Norfolk Storage company was duly
organized under said charter by the subscription and pay-
ment of thirty-three thousand dollars, as capital stock
thereof, aud is now in operation with the following officers
duly elected at its last annual meeting, namely: John T.
Griffin, president ; R. M. Broomfield, vice-president ; and the
said Jobn T. Griffinand R. L. Broomfield, and H. M. Nay.
Henry Kirn, and D. D.C. Mink, directors; and as it is de-
sired that the said charter be amended and enlarged and re-
enacted ; therctore,

1. Beit enacted by the general assembly of Virginia, That
John T. Griffin, Henry Kirn, John L. Roper, R. L. Broom-
field, Henry M. Day, and A. L. Bennett, and the stockhold-
ers of the said Norfolk Storage Company, organized as atore-
said, not herein mentioned by name, and such other persons
as may hereafter be associated with them, shall be and con-
tinue a body politic and corporate under the name of the
Nortolk Storage Company, for the purpose of conducting a
general storage and warehouse business in all its depart-
ments, and buying and selling peanuts, and cleaning, shelling
and preparing the same for market.

2. The capital stock of the said company shall not be less
than twenty thousand nor more than two hundred thousand
dollars, to be divided into shares of one hundred dollars each,
which shall be deemed personal property, and be transferable
as may be prescribed by the laws of the company; and each
share shall be entitled to one vote in all meetings of the
stockholders.
3. The said company shall have all the general powers,
and be subject to all the general restrictions conferred or im-
posed on incorporated joint stock companies generally by
the laws of Virginia: except so far as the same shall conflict
with the provisions of this act

4. The said company shall have the power and authority
to carry on a general warehouse, storage, dock, whart anc
lichterage business, and to buy and sell peanuts, and to cle:
shell and prepare the same for market, and may lease, ir
chase, hold, convey and assign all such real and personal
estate as may be necessary and convenient for their business,
and may construct warehouses and otber edifices, docks and
wharves, and build or purchase lighters, boats and other
vessels, and such appliances as they may deem proper for the
purposes of their business. They may receive on storage or
deposit all kinds of merchandise and personal property for
safe keeping or shipment, and make advances in) money
thereon, and may transact and carry on all kinds of business
usually transacted hy w archousemen, wharfingers and lighter-
men, and dealers in and manipulators of peanuts, and. may
collect and receive compensation for storage, dockage, whart-
age and liyhterage, and all labor and expenses incidental
thereto, including the expenses of receipt and delivery, in-
surance and custody on all property received on storage or
deposit, at such rates and on such terms as may be agreed on
between the company and the owners of the property, or
their agent or agents, and all advances made by the company
on property received on storage or deposit. and compensation
for all charges and expenses ‘thereon, shall be a lien on said
property, which shall be satisfied and paid before the com-
pany can be called on tor the delivery thereof.

5. For property lawfully received by the company on sto-
rage or deposit, the receipt or certificate of the company shall
be given, binding the company to deliver the same to the
party in whose tavor the receipt or certificate is given, or his
assignee, on payment of all dues to the company tor which
the “property is liable, which receipt or certificate shall be
negotiable, unless otherwise provided therein, and by endorse-
ment or assignment and delivery thereof, shall transfer the
title to the property therein mentioned and described to the
holder of the receipt or certificate. The holder of the cer-
tificate or receipt shall be entitled to receive the property
from the company on delivery of the certificate or receipt
properly endorsed, and paying the company whatever may
be due on the property tor advances, charges, storage, labor
and expenses, with interest thereon. if any shall have accrued.
All advances made by the company shall be endorsed or stated
on the receipt or certificate given for the property on storage
or deposit; and after a receipt or certificate is given or issucd,
no advances on proverty for which it is given shall be made
by the company. In the event of the loss or destruction of
a receipt or certificate given by the company for property on
storage or deposit, the “bona fide holders of such receipt or
certificate at the time of its loss or destruction, his personal
representatives or assigns, shall have the same right to receive
the property from the company that he or they would have
had on the receipt of the certificate or receipt on proof of
the loss or destruction thereof, and delivery to the company
of a proper bond of indemnity, with security satisfactory to
the company.

6. When, from any cause, the property on storage or
deposit with the company, shall so decrease in value as in
the opinion of the company to render the lien on said

roperty a doubtful security for advances, charges, storave,
labor and expenses due the company, or when any property
has been left on storage or deposit, and the advances, charges,
and expenses thercon have not been sutistied and paid at
such time or times as may be required by the regulations
established by the company for the conduct of its business,
it shall be lawful for the company to give notice to the e party
entitled to said property, personally or by mailing the notice,
postage prepaid, to him or his agent, at his usual or last
known residence or place of business, requiring the party,
within ten days after the reccipt of the notice. to pay to the
company all such advances, charges, and expenses, with any
interest which may have accrued thereon, and if within thirty
days after the personal service or mailing the notice, the
same be not paid, it shall be lawful for the company to sell
such property at public sale, upon such terms as to the com-
pany shall seem best for the interest of all concerned; and
after receiving the amount due the company and paying the
cost of sale, the company shall pay over the balance of the
proceeds of sale to the party entitled thereto, on his surren-
der of the receipt or certificate given for the property. If
the holder of the receipt or certificate be unknown, the
notice hereinbefore required may be given to the party to
whom it was issued, or his personal representative: provided
however, that nothing in this section contained, shall be
construed to prevent the said company from making any
such sale at such earlier time and in such manner as may be
provided in any contract or agreement made by any person
or persons with said company.

7. It shall be lawful for the company from time to time to
borrow such sums of money as may be necessary to carry
out the provisions of this act, and to issue and dispose of
their promissory notes or bonds for the amounts so borrowed ;
and they may mortgave, pledye, or hypothecate, by deed or
otherwise, any part of their cor porate property and franchises
to secure the payment of such notes or bonds.

8. The stockholders in general meeting shall make and
establish such by-laws, rules and regulations not inconsistent
with the laws of the state of Virginia or of the United States,
as they may deem proper for the management and control
of their affairs and business and the government of their
officers, agents, clerks, and other employees, which shall be
binding on themselves and all persons in the employment of
the company.
9. The annual meeting of the said company shall be held
at such time and place as is now established, or as the board
of directors may hereafter determine; and at each annual
mectinge hereafter held, the stockholders shall elect. five of
their number to constitute a board of directors, to remain in
office until the next annual meeting after their election, or
until their successors are elected. |

10. Subject to the by-laws. rules and regulations of the
stockholders, the board of directors shall have the manage-
ment and control of the affairs and business of the company.
From their own body they shall elect a president, who shall
preside at all meetings of the board, and perform such other
duties as may be prescribed for him by the stockholders or
board of directors; and the board of directors shall fix the
amount of the compensation, if any, the president is to receive.
They may also appoint from their own body a vice-president
and an executive committee, and prescribe the duties of each.
They shall appoint such officers, agents, and clerks as they
may find necessary for the manavement of the business of
the company, and require such honds for the faithful discharge
of their duties as may be proper. Any three members of
the board shall constitute a quorum for the transaction of
business. The several stockholders hereinbefore named as
the present officers of the company, shall continue as such
until the next annual meeting, or until their successors are
elected, subject to the by-laws of said company.

11. The offices of the ¢ company, and the factories, ware-
houses, docks and wharves of the company, may be located
at such place or places in the city of Norfolk, or elsewhere,
as the board of directors or stockholders may determine.

12. It shall be lawful tor railroad, steamboat, and navig:
tion companies, banks and other corporations, to subscribe
to the capital stock of this company.

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