Chap. 297.—An ACT to incorporate the Ideal Beach railroad com-
pany, from Norfolk city to Sand bridge, in the county of Princess
Anne.

Approved March 1, 1886.

1. Be it enacted by the general assembly of Virginia, That
John L. Roper, Thomas J. Nottingham, R. S. Dodson, F. M.
Whitehurst and William H. White, of the city of Norfolk;
J. M. Keeling, of the county of Princess Anne; and John F.
Stewart, of the city of Portsmouth; their associates and suc-
cessors, be and are hereby created a body politic and corpo-
rate, under the name of the Ideal Beach railroad company,
and by that name and style shall have perpetual succession,
may sue and be sued, contract and be contracted with, plead
and be impleaded, have a common seal, and change the same
at pleasure, and shall have all the rights and privileges of a
corporation, and be subject to all the rules and regulations and
restrictions imposed by the laws of Virginia in relation to joint-
stock companies, so far as they are applicable to and not in-
consistent with the provisions of this act.

2. The object of this corporation is mainly to purchase
beach and marsh lands, with the water privileges belonging
thereto, in Princess Anne county, Virginia, and improve the
same, to be used as a resort for health and pleasure; and to
this end the said company is authorized to purchase and hold
real and personal estate in said Princess Anne county, in this
state, in fee simple or otherwise, and may deem necessary,
proper, or desirable for the purposes and objects of the cor-
poration; and the same, or any part thereof, to dispose of in
parcels or otherwise, in fee simple or otherwise, and on such
terms, conditions, and restrictions, not repugnant to the laws
of this state or of the United States, as the aforesaid corpora-
tion may see fit. .

3. The corporation shall have the right to construct and
provide all necessary works and buildings; and to supply the
same and the premises thereof with water, and artificial light;
to provide all other conveniences, and to make all improve-
ments deemed necessary or desirable to promote the objects
above set forth.

4. The-said company shall have authority to construct,
equip, maintain and operate a railroad from the city of Nor-
folk, the village of Berkley, or of Brambleton, or of either, in
the county of Norfolk, through said county and the county of
Princess Anne, to the Atlantic ocean, at a point near what is
known as Sand bridge, in said Princess Anne county, and
thence along the beach to the North Carolina state line. And.
said company shall have power to cross at grade, unite, con-
solidate, or connect with any other line of railroad, or other
transportation line, which is now or may hereafter be con-
structed and operated in Virginia or North Carolina, upon such
terms as may be agreed upon by the companies so uniting,
consolidating or connecting: provided, that if this compan
should ever consolidate with a foreign corporation, the consol1-
dated company shall always remain a Virginia corporation in
regard to the right of suing and being sued. To this end full
power is hereby given to said company to make and execute
such contracts with any other company as will secure the ob-
ject of such connection, by purchase, lease, or otherwise. And
for the purpose of carrying out this act, the said company shall
be and is authorized and empowered to survey, locate, con-
struct, equip, maintain and operate a line of railway, either
standard or narrow gauge, as the said company may deem
advisable; and the said company is hereby invested with all.
the powers conferred by the general laws of this state, subject
to all the general restrictions provided by them, and may ap-
propriate and occupy so much land as may be necessary for
the construction of said railroad and branches along the route
thereof; and for depots, shops, and other purposes of the com-
pany; subject, however, to the valuation and appraisement of
value to be determined as provided for by statute governing
the condemnation of lands.

5. It shall be lawful for the said company to construct, equip,
maintain and operate lateral or branch roads, of any guage
whatever, not exceeding ten miles in length, which shall have
all the rights and powers, and be subject to the same restric-
tions as the main line.

6. The capital stock of said company shall not be less than
one hundred thousand dollars, which may be increased, from
time to time, as the holders of a majority of the stock may de-
termine and direct, until said capital stock shall reach the sum
of five hundred thousand dollars, which amount shall be the
maximum. The said stock shall be divided into shares of one
hundred dollars each, and shall be disposed of upon such terms
and payments as may be decided upon by the said company.

7. At all the meetings of the stockholders of this company,
each shareholder shall be entitled to one vote for each share of
the stock standing in his or her name on the books of the com-
pany; and the holders of any and all fully paid share or shares
shall be exempt from all liability whatever as to such paid up
shares.

8. For the purpose of obtaiming subscriptions to the stock
of this company, any three of the incorporators named in sec-
tion one of this act, may cause to be opened books of subscrip-
tion, at such time and place as they may appoint; and whenever
fifty thousand dollars shall have been subscribed, the subscribers
thereto may proceed to elect a president and five directors, and
such other officers as they may deem necessary. They may
also adopt such by-laws and regulations for the government
and management of the affairs of the corporation as may be
necessary to carry out the provisions of this act; or they may,
at their option, delegate the power to make such by-laws and
regulations to the board of directors.

g. The holders of a majority of the stock of this company
may authorize the issue of bonds of the denomination of one
hundred dollars each, or more, in such aggregate amount as
they may deem necessary, for the purposes of the company;
not, however, to exceed in amount the paid up capital stock of
the company. And the directors, when so authorized, may
dispose of said bonds, from time to time, for such price, and
upon such terms, as they may deem most advantageous to the
company, and as it may be necessary to do in the prosecution
of its works. And to secure the payment of said bonds the
said company may, through its board of directors, mortgage
its property, rights, franchises, or any part thereof.
10. This act shall be subject to repeal, amendment or modifi-
cation at the pleasure of the general assembly; and it is agreed
that this company will always pay its taxes in lawful money ot
the United States. .

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