Chap. 387.—An ACT to incorporate the Virginia Warehouse gud
Transportation Company. age i -.-
Approved March 10, 1884. | ge - |

1. Be it enacted by the general assembly of Virginia, That
Sigmund I. Meyer, J. M. Emanuel, Michael Umstadler, Charles
Myers, and A. B. Seldner, and their associates, or such of them
as may accept the provisions of this act, and such other per-
sons as may be hereafter associated with them, and their
successors; shall be, and they are hereby constituted a body
politic and corporate under the name and style of the Vir-
ginia Warehouse and Transportation Company, and by that
name shall be known in law and have power to sue and be
sued, plead and be impleaded, defend and be defended in all
courts, whether in law or in equity, and may make and have
a common seal, and alter or renew the same at pleasure, and
shall have, enjoy and exercise all the rights, powers, and
privileges pertaining to corporate bodies, and necessary for
the purpose of this act. ,

2. That the said company shall have power, and is hereby
authorized to erect and construct, at or near the city of
Norfolk, Virginia, a warehouse or warehouses, elevators, com-
presses, and other buildings and structures, and to hold and
operate such tugs, boats, barges, und cars, and may purchase,
hold, and employ whatever agencies or property of any
description its business may require, not exceeding, however,
fifty acres of land in any one continuous tract.

3. That the said company may transport and store, elevate
and transfer, any merchandise, cotton, grain, or other property
to or from any car, boat, barge, vessel, depot, wharf, or any
warchouse or other buildings to or from its own warehouses
or buildings, and upon its own or other boats or cars, and
may warehouse and store any merchandise, cotton, grain, and
other property in their warehouses or other buildings, and
generally conduct such other business as may be connected
therewith.

4, That the said company may charge and collect such
rates and prices for transferring, warehousing, weighing,
storing, insuring, or any, or either thereof, as the said com-
pany may from time to time adopt, and for its tolls and rates
aforesaid, and for all its charges and expenses incident thereto,
including the expense of insuring, handling, keeping, and
delivering such property, the said company shall havea lien
on said merchandise, cotton, grain, and other property, as is
now allowed by law to corporations or private persons con-
ducting a similar and like business.

5. That the capital stock of said company shall not be less
than one hundred thousand dollars, nor more than five hun-
dred thousand dollars, the same to be divided into shares of
one hundred dollars each.
6. That the stock of said company shall be personal prop-
erty: and shall be transterable on the books of the company
in person or by attorney. duly authorized in writing. In all
meetings of the stockholders of said company, every stock-
holder shall have one vote for each share of stock held: by him.

7. -No stockholder of said company shall ever be held liable
or made responsible for its debts and liabilities in a larger or
further sum than the amount of any unpaid, balance due to
the said company for stock subscribed by said stockholder,
and no stockholder holding full paid-up stock shall be liable
to any contribution, or for any debts, liabilities, or obligations
of said company.

8. The said company may borrow money upon the issue
of its bonds or notes, and pledge by mortgave, deed, or
otherwise, its property, rights, and franchises.

9. The said company may let or lease any portion of its
warehouse or warehouses or other property.

10. It shall be lawful for the said company to receive in
payment for subscription to its capital stock, any property
which the board of directors may agree to receive. and upon
receiving a conveyance of such real estate, then the said
company shall have the right to deliver to ‘such subscriber
to its stock a proper certificate for s0 many paid-up shares of
stock as may be agreed upon.

11. The affairs of said company shall be managed by a
board of directors and such officers as it may designate, with

ower to make such by-laws, rules, and regulations, not
inconsistent with the laws of the state or United States, as
they may deem proper for-the government of said company.
The principal office shall be at Norfolk, Virginia, but the
board of directors may establish other offices and agencies at
such other places as they may deem proper.

12. It shall be lawful for other corporations to subscribe
to the capital stock of said company.

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