Chap. 392.—An ACT to incorporate the West Norfolk land and im-
provement company.

Approved March 2, 1888.

1. Be it enacted by the general assembly of Virginia, That
8. B. Carney, William F. Wise, M. W. Dennis, Joseph T. Duke,
John H. Bassett, C. A. Nash and Thomas M. Hodges, of Vir-
ginia; and Andrew Wise, of Orlanda, Florida; J. H. Marvill,
of Laurel, Delaware; John Furman, of New York city; J. B.
Stetson, of Philadelphia, Pennsylvania; and J. R. Krozier
and H. A. Elliott, Baltimore, Maryland; their associates and
successors, be and they are hereby constituted and made a
body politic and corporate, under the name and style of the
West Norfolk land and improvement company, and by that
name shall have the right to sue and be sued, and shall have
all the rights and privileges conferred upon other corpora-
tions, and shall be governed by the rules and regulations
under the general law of the state governing corporations as
far as is consistent with this act.

2. The capital stock of said corporation shall not be less
than fifty thousand dollars nor more than five million dollars,
divided into shares of one hundred dollars each.

3. The said company shall have power to own land either
by purchase, by present ownership or otherwise, and shall
have power to lay out said lands into town or city lots, streets,
avenues, and so forth, suitable for the convenience of the
owners and inhabitants of the property, and for beautifying
the same, to build wharves, docks, piers, warehouses, eleva-
tors, cotton-presses; and to build or charter sbips, vessels and
boats, which may be run by steam or otherwise; to build, run
and maintain a steam ferry from said West Norfolk across
the Elizabeth river, to some convenient point for travel, across
the western branch of the Elizabeth river to some convenient
point of travel, and to the cities of Norfolk and Portsmouth ;
to build, equip, maintain and operate street, standard and
regular gauge railroads from the said West Norfolk to the
interior, only so far as is necessary to connect with railroads
already built and now being built in that immediate section,
and to Norfolk and Portsmouth, the distance not to exceed
the limitation set by the general laws of the state governing
railroads; the said railroads may be run by steam, horse or
electric power; and the said company shall have power to
consolidate and make traffic and passenger rates with any
other corporation, and may sell and dispose of its lands by
lots, acres, or parcels, as may seem best to the said company.

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4, The said company shall have power to borrow money
to sach an amount as it may deem proper and necessary, and
to issue for any loan, debentures or bonds of the company,
bearing interest at such rates per annum as the company may
determine; and said debentures may be expressed in dollars
or pounds sterling; and to secure the payment of such loan
or loans, said company may execute one or more mortgages
or deeds of trust on the whole or any part of its property,
real, personal and mixed, its charter rights, franchise and in-
come. :

5. The said West Norfolk land and improvement company
shall have perpetual succession and a common seal, which it
may renew or alter at pleasure.

6. It shall be lawful for said company to acquire, in sub-
scriptions to the capital stock of said company or by dona-
tion, money, bonds, or other damages, labor, work, material,
bonds, and by other means available for that purpose, and to
receive subscriptions from individuals, other companies, asso-
ciations or corporations.

7. 8. B. Carney, W. F. Wise, Joseph T. Duke, M. W. Den-
nis and Thomas M. Hodges are hereby appointed commis-
sioners to receive subscriptions to the capital stock and to
call a meeting of the subscribers for organization, in accord-
ance with the laws of the state in regard to chartered com-
panies; or shall have power of organization by electing one
of the above named persons in this section chairman, who
shall have all the powers of a president until a president is
elected at a stockholders’ meeting.

8. This charter is accepted under the express conditions
that all taxes, dues and demands due the state, shall be paid
in lawful money of the United States, and not in coupons.

9. All acts or parts of acts in conflict or inconsistent with
this act are hereby repealed.

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