Chap. 23.—An ACT to incorporate the Charlottesville and University
street railway company.

Approved Mareh oO, 1887.

1. Be it enacted by the general assembly of Virginia, That
A. D. Payne, John M. White. C.D. Fishburne, RP. Valen-
tine, Willinm O. Watson, Hugh T. Nelson, HL. D. Porter, J.
B. Wood, W. KE. Norris, ©. P. Benson, T. C. Morris, with their
associates, successors, and assigns, are hereby crented a cor-
poration by the name of the Charlottesville and University
street railway company, with power to construct, equip, and
maintain and use a railway to be operated with horse and
mule, or other power, with single or double tracks, and to run
cars thereon for the conveyance of passengers, United States
mails, and property upon and over such streets of the town
of Charlottesville, Virginia, as have been and may hereafter,
from time to time, be fixed and determined by the mayor and
council of said town; and also upon and over the highway
leading from said town to tho University of Virginia, or
upon any other route that may be lawfully acquired by said
company from said town to or near the said University, or
to such point in the grounds of said University as the reetor
and visitors thereof shall allow; also upon other roads, lead-
ing from said town, within the limits of the county of Albe-
marie. But the said street railway company shall not lay
ita rails across the track of the Chesapeake and Ohio railroad
except upon terms and in the manner agreed upon between
the said strect railway company and the Chesapeake and
Ohio railroad company; and unless the said companies can
agree upon the terms and manner of such crossing, they shall
have the questions determined by arbitration, cach party se-
lecting one arbitrator, and they failing to agree, they to select
an umpire.

2. The capital stock of said company shall not be less than
five thousand dollars, nor more than fifty thousand dollars,
divided into shares of titty dollars each; and said company
shall have power to pledye by mortgage, deed of trust, or
otherwise, their corporate property and franchise to seeure
any bonds or notes issued by them for the construction or
maintenance of said railway, and the purchase of materials
therefor, and of stock and cars or other property to be used
by them

3. The said corporation shall have power to acquire and
hold such real estate and personal property as may be neces-
sary for the proper and snecessful carrying on of the pur-
poses and business of said company; and shall have the right
to enter, by their agents, upon and cause to be condemned
any land needed for these purposes, in the manner and under
the regulations, conditions and. restrictions prescribed by law
for the condemnation of land for works of internal improve-
ment.
4. The said company shall keep the streets of Charlottes-
ville, and any public highways upon which its tracks are
laid, in good repair for the entire width between the rails
thereof and of each trac k, and for a space of one foot on
each side of the rails thereof:

5. The said company shall have free and undisturbed use
of their railway, depots, cars, fixtures, and other property ;
and if any person shall unnecessarily, wilfully or maliciously
injure or destroy the same, or obstruct said company or its
agents in the use thereof, or impede or obstruct the passing
of carriayes and cars used in the business of said company,
or shall avail bimself of the privileges of said company with-
out paying the prescribed compensation therefor, he shall be
liable to prosecution tor a misdemeanor; and if said company
or its agents or servants sball wilfully or maliciously obstruct
any street or highway, or prevent the passage of any vehicle
or carriage over such streets or highways, except so far as
may be necessary in the construction or maintenance of its
tracks, and the proper moving and use of its cars, the said
company shall be liable to a fine not exceeding five dollars
for each offence.

6. The said company shall manage its business by means
ot a board of not less than five directors, to be elected by the
stockholders, from time to time, as the by-laws of the com-
pany shall provide. The board of directors shall elect one of
their number president, and shall appoint other officers of the
company, fixing their duties and compensation, and requiring
bonds with security from any of them, at the discretion of
the board. This board shall frame by- laws for the govern-
ment of the corporation and its agents, subject to alteration
by the stockholders in general meeting; and shall fix, from
time to time, the rates of compensation for transpor ting per-
sons and property over their road, so that the rate per pas-
senger shall not exceed ten cents from one terminus to the
other, or for a less distance.

7. General mectings of the stockholders shall be convened
by order of the board of directors, or upon the request in
writing of any number of stockholders holding in the aggre-
gate not less than one-third of the capital stock, and in ‘such
meetings every share of stock represented shall be entitled to
one vote.

8. The incorporators herein named, or a majority of them,
shall meetin the town of Charlottesville at any time after the
passage of this act, and proceed to receive subscriptions for
the stock of said corporation; and as soon as a sufficient
amount of stock (not less than the minimum hereinbefore
fixed) shall have been subscribed for, such subscribers for
stock shall proceed to organize and hold their first general
stockholders’ meeting, and shall proceed to organize their
company under this act. If at the first meeting of said in-
corporators a sufficient amountof stock be not subscribed for,
they shall, at some future day to be fixed by them, or a ma-
jority of them, proceed to receive subscriptions for stock, and
when asufficient number of stockholders shall be gotten, these
stockholders shall bold their first general meeting and organ-
ize hereunder.

9. The said company shall not transport passengers or
freight on their railway on Sundays.

10. All taxes due the commonwealth by said company shall
be paid in lawful money of the United States, and not in
coupons.

11. This act shall be in force from its passage, but the
general assembly of Virginia reserves to itself the right to
modify, alter, or repeal this act at any time hereafter.