CHAP. 81.—An ACT to incorporate the Chesapeake lumber termi-
nal company.

Approved January 24, 1890.

1. Be it enacted by the general assembly of Virginia,
That W. W. Tunis, Gardiner C. Sims, H. C. Tunis, How-
ard N. Johnson, W. G. Elliott, and G. M. Serpell, their
associates and successors, are herepy created a body politic
and corporate under and by the name of the Chesapeake
lumber terminal company, and by such name shal! have
all the rights, powers, and privileges, and be subject to all
the restrictions conferred or imposed by the laws of this
state upon corporations or joint stoek companies, which
are not inconsistent with this act.

2. The capital stock of said company shall not be less
than ten thousand dollars, divided into shares of one hun-
dred dollars each; but the capital stock may be increased
from time to time to such amount or amounts as a major-
ity of the stockholders may at any general or annual
meeting prescribe.

3. The said company is hereby authorized to construct at
or near the village of Berkeley, in Norfolk county,
Virginia, or at such point on or near the Elizabeth river,
in or nar the harbor of Norfolk and Portsmouth as may
be desired, wharves, piers, docks, basins, warehouses, ele-
vators or cotton presses, suitable for shipping, storing or
handling lumber or cotton or other articlesof merchandise
and personal property, or the accommodation of or the
loading or unloading of steamships, vessels and boats.
And said company may conduct a general dock, ware-
house, wharf, and lighterage business, and may acquire,
by lease or purchase, such real and personal estate as it
may deem necessary or convenient for its purposes, and
may build, purchase, or hire lighters, boats, and vessels
and other appliances used for the business. It may
receive on storage or deposit and issue negotiable or other
receipts for manufactured lumber and all kinds of mer-
chandise or personal property, and may conduct any busi-
ness usually transacted by warehousemen, wharfingers,
and lightermen, and may charge and collect compensation
for storage, dockage, wharfage, and lighterage, and for all
labor incident thereto, including the expense of weighing,
insuring, keeping and delivering such lumber, merchan-
dise, or personal property, at such rates and on such terms
as may be agreed upon between it and its customers or their
agents, and may make advances on such lumberor other
property stored or deposited with it, and for any advances
made by it on such lumber or other property stored or
deposited with it, and for all its charges or expenses inci-
dent thereto said company shall have a preferred lien on
said lumber, merchandise, or other property, which shall
be paid before said company can be required to deliver
the same.

4. For convenience of access to its property or improve-
ments the said company shall have the right to construct,
equip, maintain, and operate a railway, either of narrow or
standard guage, with all necessary sidings or branches,
from such point on the Elizabeth river, in or near the vil-
lage of Berkley, in Norfolk county, Virginia, or from such
other points on the said river in the harbor of Norfolk and
Portsmouth as the property or improvements of said com-
pany may be located, to such point or points on the line
of any railroad now or hereafter to be constructed, passing
through or terminating at either Norfolk or Portsmouth or
Suffolk or in Norfolk county, as the said company may
desire to make connection with; and for that purpose the
said company shall have the right to acquire, in the mode
prescribed by the laws of this state, as applicable to works
of internal improvement, the title to a continuous tract
of land not to exceed one hundred feet in width for its
right of way for the construction and maintenance of
said railway, and to such additional] lands as may be nec-
essary for the use of said road or tracks, or other neces-
sary purposes of the said company.

5. The said company shall have the right to unite, con-
nect, or consolidate with any other railway company in-
corporated under the laws of thisstate, either by purchase,
lease, consolidation, or by traffic contract, or otherwise, as
may be agreed upon by the said company and such other
railway company; and the said company hereby incorpo-
rated may subscribe to the capital stock of any other
company incorporated under the laws of this state, or
such other company may subscribe to and hold stock in
the said Chesapeake lumber terminal company.

6. The said company shall have the right to borrow
money ; to issue its bonds, either coupon or registered, in
such sums, on such terms, and payable at such time or
times as to the board of directors may seem proper, and
to secure the payment of the same by conveying the real
and personal property of the said company by mortgage
or deed in trust, and on such terms and conditions as the
directors of the said company may prescribe.

7. All taxes and dues from said company to the state
shall be paid in lawful money and not in coupons.

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