Chap. 134.——An ACT to incorporate the Green Springs Tramway
company.

Approved February 14, 1888.

1. Be it enacted by the general assembly of Virginia, That
Clarence Coleman, W. H. Adams and H. M. Brancroft, and
any other person or persons that they may associate with
them, their successors and assigns, be and they are hereby
incorporated and made a body politic and corporate under
the name and style of the Green Springs steam tramway
company, and as such are authorized and empowered to lo-
cate, construct, equip and operate a steam tramway, com-
mencing at a point at or near Trevillian’s, on the Newport
News and Mississippi Valley railroad, in Louisa county;
thence to a terminus at or within five miles of Payne’s store,
in Louisa county, by such route as may be deemed most ad-
visable by the directors of said company, and by that name
shall be known in law.

2. The said company shall have perpetual succession, and
have power to sue and be sued, plead and be impleaded, de-
fend 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, possess and enjoy all
the rights and privileges of a corporation or body politic in
the law, and necessary for the purposes of this act.

3. The capital stock of the said company shall not be less
than five thousand dollars, and from time to time may be in-
creased to any amount, not exceeding fifty thousand dollars,
by issue and sale of shares, the par value of which shall not
be less than fifty dollars, under such regulations as the board
of directors of said company shall, from time to time, pre-
scribe; and the directors may receive cash, labor, material,
real or personal property in payment of subscriptions to the
capital stock at such valuation as may be agreed upon be-
tween the directors and the subscribers, and may make such
subscriptions payable in such manner or amounts, and at such
times, as may be agreed upon with the subscribers.

4. It shall be lawful for said company to borrow money
and issue and sell its bonds, from time to time, for such sum
and on such terms as its board of directors may deem expe-

dient and proper in the prosecution of any of its works; and
may secure the payment of said bonds by mortgages or deeds
of trust upon all or any portion of its property, real, personal
and mixed, its covenants, contracts and privileges, and its
chartered rights and franchises, including its franchise to be
a corporation; and it may, as the business of the company
may require, sell, lease, convey and encumber the same.

5. It shall be lawful for said company to subscribe to and
hold shares in the capital stock of any mining or manufac-
turing corporation; and any mining or manufacturing or
other corporation may lease or operate the road and property
of the said company or guarantee or hold stock or bonds of
the said company.

6. The said company is authorized and empowered to lo-!
cate, construct, equip and operate lateral or branch tramways
from any point on its line of railroad to any timber, ore banks,
mines or other operations in the counties of Louisa and Flu-
vanna, or to connect the said line with any other tramway or
railroad now or hereafter to be constructed in or to either of
the said counties; and the said company may connect or unite 1
its said road with that of any other company, or consolidate !
and merge its stock, property and franchises with those of
any other company operating, or authorized to operate, a
connecting line of tramway upon such terms as may be agreed
upon between the companies so uniting or connecting, merg-
ing or consolidating; and for this purpose power is hereby
given to it and to such other company or companies, to make
and carry out such contracts as will facilitate and consum-
mate such connection, merger or consolidation.

7. The said company may acquire by condemnation,
according to the laws of Virginia, the lands required for the ‘
right of way of its railroad and the necessary stations and
depots for its operation, and may connect or unite its road
with that of any other company. Said company may cross |
any railroad track, but not at grade, by proper bridges, tun-
nels, and appliances to fully protect from any danger.

8. The said company shall be required to commence the
construction of said road within two years from the passage |
of this act, and to complete the construction of its main line
within five years thereafter. The said company may mine
ore and other minerals from land received by it in payment
of subscriptions to its capital stock.

9. The persons first named in this act, or such of them |
as shall accept the provisions thereof, shall have power and
authority of a president’ and board of directors for the pur-
poses of organization and for all other purposes. They shall
continue in office until their successors shall be elected and
qualified. Each stockholder in the company shall, at all
meetings or elections, be entitled to one vote for each share
of stock registered in his-name.

10. The board of directors shall be stockholders of said
company. They shall appoint one of their number president, |
and may fill any vacancy that may occur in said board, unless
by removal, in which case the same shall be filled by the
stockholders in general meeting. Whenever ten per centum
of the capital stock shall have been subscribed, and the board
of directors shall have elected a president, said company shall
be considered legally organized, and may proceed to the
transaction of business.

11. The board of directors may establish offices and agen-
cies at such places as they may deem proper, but the princi-
pal office of the company shall be located at some point
within the limits of the state of Virginia.

12. Whenever the corporation shall exercise any of the
privileges conferred by this act, it shall be liable to the same
taxes as may be imposed by law upon other like corporations
or persons exercising like privileges, and all taxes due the
commonwealth by said company shall be paid in lawful
money of the United States and not in coupons.

13. 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 here-
after.