CHAP. 286.—An ACT to amend and re-enact an act to incorporate
the Bs nee William improvement company, approved March
8ist, 1887.

Approved February 18, 1890.

1. Be it enacted by the general assembly of Virginia,
That an act to incorporate the~Prince William improve-
ment company, approved March thirty-one, eighteen hun-
dred and eighty-seven, be amended and re-enacted so as
to read as follows:

2. Be it enacted by the general assembly of Virginia,
That Henry H. Yard, R. W. Moore, R. H. Tyler, E. E.
Meredith, W. W. Kincheloe, James Otterson,- Henry B.
Plumber, C. E. Nicol, Edwin Nelson, and John L. Sprogle,
or such of them as may accept the provisions of this act,
their associates and successors, are hereby constituted a
body politic and corporate by the name of the Prince
William improvement company, and as such may have
all the privileges, franchises, and immunities applicable
to such a corporation under the laws of Virginia.

3. The capital stock of said company shall not be less
than twenty five thousand dollars, nor more than ten
million dollars, divided into shares of ten dollars each ;
and for the purpose of obtaining subscriptions to said
capital stock any three of the persons named in the
second section may open books of subscription at any
time and place, of which they shall give thirty days’
notice in a newspaper published in the city of Alexan-
dria.
4. The said company shall have power to purchase,
lease, and sell real estate and personal property; to, mine,
manufacture, and transport all brownstone, marble, and
other stone, all minerals and metals, and their products;
to give and receive; to secure loans by mortgage or deeds
of trust; to build dams and canals, mills, and furnaces,
and tramways and railroads connecting its mines or
works of internal improvement, and operate the same,
and for this purpose shall have .all the privileges and
powers and be subject to all the conditions prescribed by
the laws of Virginia: provided, that no such railroad shall
be over fifty miles in length.

o. The said company shall have the power to build all
necessary sidings to its railroads and condemn all neces-
sary land for traok purposes and for depot and terminal
facilities, and shall also have power to unite, consolidate,
or connect its railroads with any line of railway con-
structed or which may be constructed in this state upon
such terms as may be agreed upon between it and such
other railway company, and for this purpose power is
hereby granted to it and to any railroad company incor-
porated by this state to. make and carry out such con-
tracts by lease, purchase or otherwise, as will. facilitate
and consummate such connection or consolidation.

6. Any railway, steamship or navigation company with
which said Prince William improvement company may
connect is hereby authorized to subscribe to the capital
stock of said company, and the stock so subscribed shall.
have the same privileges and the same powers and be sub-
ject to the same conditions and regulations as the stock
held by the other stockholders therein.

7. The said company shall have the power to build,
purchase or lease docks, wharves and yards for the build-
ing or repairing of vessels to build or repair railroad
cars, and to engage in the manufactory of other articles,
or to purchase, lease, or erect and construct anywhere on
the Potomac river, wharves, piers, docks, bagins, ware-
houses, elevators, cotton presses, suitable for the accommo-
dation of steamships, vessels and boats, and. for the con-
venient loading and unloading, shipping, receiving, and
storing of all kinds of merchandise and personal prop-
erty for safe keeping, and may conduct the business
usually transacted hy warehousemen, wharfingers, and
lightermen, and may charge and collect compensation for
the storage, dockage, wharfage, and lighterage, and for all
labor incident thereto, including the expense of weigh-
ing insuring, keeping, and delivering such merchandise
or personal property at such rates, and on such terms as
may be agreed upon between it and its customers, and for
any advances made by it on merchandise or property
stored or deposited with it for shipment, and for all its
charges and expenses incident thereto, the said company
may have preferred lien on said merchandise and prop-
erty, which shall be paid before said company shall be
required to deliver the same.

8. The capital stock of said company shall be personal
property, and transferable on the books of the company,
and lands or materials or securities, as well as money, may
be received on stock subscriptions: provided, that before
organization all such’subscriptions not payable in money
shall be certified to be at or below actual value by not less
than three of. the persons named herein, and that after
organization the board of directors shal] not be authorized
to receive any subscriptions except. by the resolution of
the stockholders, under a vote in which three-fourths of
the stock paid for shall be in the affirmative.

9. The said company can sue and be sued, have power
to make and use a8-.common seal, and to change the same
at will, and shall have all such other powers, rights, and
privileges as are necessary and proper for them to have
and possess as an. ingorporated company not: inconsistent
with the laws and constitution of this state:

10. The said company may hold lands’ not' exceeding
twenty thousand actes in any one county, and its princi-
pal office shall be in Prince William county, but it may
have branch offices in the cities of Philadelphia, Pennsyl-
vania, and Washington, District of Columbia.

11. The president and directors of said company may
enact such by-laws and regulations for the management of
the affairs of said company as they may deem expedient,
the same being consistent with the laws and constitution
of this State.

12. All taxes, dues, or demands due or to become due by
this company to the state of Virginia shall be paid in
lawful currency of the United States and not in coupons.

13. On any railroad constructed under authority of this
charter steam or any other motive power may be used,
and passengers and freight may be transported for com-
pensation.

14. This act shal] be in force from its passage.