CHAP. 154.—An ACT to incorporate the Alexandria railway
and improvement company.

Approved February 3, 1890.

1. Be it enacted by the general assembly of Virginia,
That Harold Snowden, D. C. Forney, Frank Hume, Francis
L. Smith, and Beriah Wilkins, and such other persons as
may hereafter be associated with them, be, and they are
hereby, created and declared a body politic and corporate
under the name and style of the Alexandria railway and
improvement company.
2. The capital stock of said corporation shall not be ,
less than twenty thousand dollars nor more than one mil-
lion dollars, and may be increased from time to time by
order of a majority of the stockholders, at any general
meeting, until the maximum is reached and divided into
shares of one hundred dollars each. Each share of stock
shall be entitled to vote in all meétings of the stockholders
of said company.

3. The said company shall have power in its corporate.
capacity to borrow money to an amount not exceeding one!
million dollars, for the purpose of building, constructing,
equiping, and maintaining its line or lines of railway, pro-
viding depot, station, and terminal facilities therefor, and
to pay for theland hereinafter authorized to be acquired,
and may issue its bonds therefor, coupon and registered,
and bearing interest not exceeding the rate of eight per
centum per annum, the principal and interest of which
shall be made payable at such times and places as may
be determined upon by the company, and secure the same
by mortgages or deeds of trust upon the roads, franchises,
incomes, contracts, rights of way, privileges, and property,
real, personal, and mixed, of the company, acquired or to
be hereafter acquired, or such part or parts thereof as may
be designated in the mortgages or deeds of trust, and may
sell the bonds at such discount as may be thought best
for the benefit of the company.

4, The persons named in the first section of this act
shall constitute the first board of directors of the said |
company. They shall appoint a president of the com-
pany, and may fill any vacancy that may occur in the
board, and said president and directors shall continue in
office until their successors are legally elected and quali-
fied. The said board of directors shall have power to,
receive subscriptions to the capital stock of said company,
and when the minimum amount thereof prescribed by
this act shall have been subscribed, the said company
shall be considered legally organized, and may proceed
at once to carry out the objects for which it is incor-
apr

. The annual meeting of the stockholders of the said
eiropens shall be held on the first Wednesday of Janu-
ary of each and every year, and the principal office of the
said company shall be in the city of Alexandria.

6. In payment of the subscriptions to the stock of said.
company the board of directors may receive cash, labor,
material, and real and personal estate at a fair valuation
to be agreed upon between the subscriber and said board
of directors.

7. The said company is authorized to construct, build,
maintain, and operate a line of double-track railway from
the corner of Union and King streets, in the city of Alex-
andria, in this state, along and through King street to
Hooff’s run, near the western limits of said city of
Alexandria, and a single or double-track railway through
such of the other streets of the said city of Alexandria
as it may desire, the city council of Alexandria agreeing
and consenting to the occupation and use of each other
street.

8. Said company may at its pleasure extend its said
line of railway from said Hooff’s run to the point in
Alexandria county where the Braddock road crosses the
Leesburg turnpike, and further extend the same to Bailey’s
cross-roads, in Fairfax county, and build lateral or branch
roads not exceeding ten miles in length; provided, how-
ever, that the said company shall not enter upon the lands
of the Ladies’ Mount Vernon association without the con-
sent of said association.

9. It shall be lawful for said company to transport pas-
sengers, freight, and baggage dver its line or lines of rail-
way and to collect fares and tolls for the same. The said
company shall have power to acquire by gift, grant, or
purchase, and to hold, sell, mortgage, lease, or otherwise
dispose of real estate not to exceed five hundred acres
in the counties of Fairfax and Alexandria, within seven
miles of the city of Alexandria, and the said land to lay
out in town or villa sites, and to improve the same by
the erection of suitable buildings, and the said lots to
lease, sell, encumber or otherwise dispose of.

10. The said company is authorized to operate each part
of its lines as may be located within the city of Alexan-
dria by horse, cable, or electric power, and that portion of
its line as may be without the present limits of the city
of Alexandria hy horse, cable, electric, or steam power.

11. The said company may construct and operate its
railway in the counties of Fairfax and Alexandria upon
such of the public roads in said counties for such dis-
tances and for such times and upon such contracts and
subject to such conditions, limitations, and restrictions as
it may make and agree upon with the county courts of
Fairfax and Alexandria counties, which contracts the
said courts are authorized to make with said company.

12. The said company may connect its railroad with
the rails, road-bed of any other rhilroad, railway company,
or company for the quick transit of persons and freight
in the limits of the city of Alexandria and the county of
Alexandria, the consent of each railroad, railway or quick
transit company first had and obtained, and may acquire
by lease or purchase the exclusive or joint right of way
over and interests in the road-bed, rails, and franchises of
any railroad, railway company, or company for the quick
transit of person, or persons and freight as to the whole
or any part of their railroad within the limits aforesaid,
vhich sale or lease each railroad or railway or quick tran-
it company is hereby authorized to make to said company
© the extent and within the limits aforesaid. And said
<ompany is authorized to consolidate and merge with any
‘railroad company having the power to operate a railway
by horse, electric, or cable power within the District of
Columbia. If said company crosses Mount Vernon avenue
it shall be above the grade of said avenue.

13. The said company shall have all the powers con-
ferred by the code of Virginia, edition eighteen hundred
and eighty-seven, upon such corporations and be subject
to all the restrictions and limitations imposed thereby
upon such bodies corporate.

14. All taxes or demands to become due by said com-
pany to the state of Virginia shall be paid in lawful cur-
rency of the United States and not in coupons.

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