CHAP. 272.—An ACT to incorporate the People's railway com-
pany.

Approved February 16, 1892.

1. Be it enacted by the general assembly of Virginia,
That C. C. Duncanson, of Washington, District of Colum-
bia; Charles Sharpe, of Norfolk, Virginia; Lycurgus D.
Smith, of Norfolk, Virginia; Walter Sharpe, of Norfolk,
Virginia; William A. Young, of Norfolk, Virginia; Hugh
E. Garden, of New York City; Parke L. Poindexter, of
Norfolk county, Virginia, and John D. Potts, of Rich-
mond, Virginia, or any five of them, their associates and
successors, be, and they are hereby, constituted and made
a body politic and corporate, under the name and style of
the People’s railway company, and by that name may sue
and be sued, make and enter into contracts and agree-
ments, and shall have all the rights and powers, and be sub-
ject to all the restrictions imposed upon joint stock com-
panies and corporations generally, by the statutes of this
state, except as hereinafter provided.

2. The capital stock of the said corporation shall not
be less than fifty thousand dollars and not more than
five hundred thousand dollars, divided into shares of the
par valueof one hundred dollarseach. The above named
corporators, or any three of them, are hereby created a
commission and authorized to receive subscriptions to
the stock of said corporation, and for this purpose may
open subscription books in such manner as they may
deem necessary, and keep the same open until the mini-
mum amount named shall have been subscribed; there-
after within their discretion, they may call a meeting of
the subscribers and organize the company. From time
to time, the capital stock may be increased until the max-
imum amount named shall have been issued. The officers
of said corporation may receive stock or bonds of other
incorporated companies in payment of the subscription
to the capital stock of the said corporation.

3. The said corporation may adopt a common and cor-
porate seal, and such by-laws as its members may see fit,
and consistent with the laws of the state of Virginia and
the United States. The officers of the said corporation
shall be a president, a vice-president, a secretary and
treasurer, and five directors, whose terms of office and
mode of election and duties shall be prescribed by the
by-laws of the said corporation, subject to the general
laws of the state.

4. The said corporation may acquire by gift, purchase,
or otherwise, and may hold real estate in the city of Nor-
folk and in the county of Norfolk, such real estate, how-
ever, not to exceed at any time, one thousand acres.
[t may build and operate upon its lands one or more
hotels, and establish health or pleasure resorts upon
the same, with all necessary buildings and improvements.
[t may sell or lease any real or personal property which
it may own; may mortgage the same or any portion
thereof, and may issue bonds to such amount ae its board
of directors may think proper, and convey its property or
Any portion thereof in trust to secure the same. Said
corporation may lay off its Jands, and ornament and im-
prove pleasure grounds or parks, and may open the same
to visitors upon such terms and conditions as it may
deem proper to impose. It may adopt suitable rules and
regulations for the enforcement of good order in such
pleasure grounds and parks, and may charge fees for ad-
mission to the same, or to any part thereof.

5. The said corporation shall have the right to con-
struct, equip and operate railway lines, either single or
double tract, for the conveyance of passengers, to be
propelled by horse, steam, or electric power, along one or
more of the following routes:

First. Beginning at the eastern section of Front street, in
Atlantic City ward, in the city of Norfolk ; thence westward-
ly along Front street to Second street ; thence along Second
street to avenue A; thence along avenue A to Colley ave-
nue; thence along Colley avenue to Armistead bridge
road; thence along Armistead bridge road and the Bow-
den’s ferry road to Zion’s church; thence east along the
county road to Church street extended; thence along
Church street extended to Centre avenue extended; thence
along Centre avenue extended to the Cottage toll bridge
road; thence along the Cottage toll bridge road to Saint
Julian avenue; thence along Saint Julian avenue to
Turner street; thence along Turner street to Dusch prop-
erty; thence to Park avenue; thence along Park avenue to
Brambleton avenue: provided that as to the streets
named in Atlantic City ward, beginning at the eastern
section of Front street and as far as the cotton factory
on Colley avenue, nothing herein contained shall be con-
strued to permit their occupation unless the Suburban
and City railway and improvement company shall fail ta
occupy them within the time and under the authority
already granted them by act of legislature and the coun-
cils of the city of Norfolk, upon such terms and condi-
tions, and according to such rules and regulations as the
councils of the said city shall prescribe; and provided
further, that no street railway authorized by this act
shall be built within the city of Norfolk upon any street
parallel and next adjoining any street or streets now
occupied and used by either the Norfolk city railroad o1
the Suburban and city railway and improvement com.
pany, upon which the said Norfolk city railroad or the
Suburban and city railway and improvement company
have not the right to lay a double track.

Second. From Zion’s church along the Lambert’s Point
road to Lambert’s Point; thence by the most advantageous
route to the Lambert’s Point knitting mills; thence by
most advantageous route to Zion’s church.

Third. From the city of Norfolk by the most advanta-
geous route to Willoughby Spit, also west from Park ave-
nue down Princess Anne avenue and the proposed exten-
sion of said company and the extension of Granby street
to Turner’s creek; all of the said proposed routes being
located either in the city of Norfolk or the county of
Norfolk: provided, that the said corporation shall not
have the right to lay down or operate any line of railway
in the corporate limits of the city of Norfolk without
having first obtained permission to lay its tracks from
the councils of the city of Norfolk.

6. The said corporation shall have the right to acquire
the lands needed for the said Jines of raiJroad, being strips
of land not exceeding one hundred feet in width along
each of the said three routes, wherever the said lines of
railroad are not upon public roads or streets; and it shall
also have the right to acquire at its option the right of
way merely over such strips of land needed for its tracks,
and it shall have the right to acquire either the fee in such
strips of land or a right of way over the same, either by
gift, purchase, agreement, or by condemnation: providing
it may hold lands acquired for said railway tracks in ad-
dition to the one thousand acres which it is allowed to
hold by section fourth above.

7. Said corporation may connect any of its railroads
with other railroads, or street railroads, running into the
city of Norfolk, now existing or hereinafter incorporated,
by and with the consent and upon such terms as may be
agreed upon with such railroads, or any of them, upon the
same terms and conditions as to the consent of the city
councils of Norfolk, as hereinbefore expressed. Said cor-
poration may lease or sell the whole or any part of its rail-
roads and appurtenances to any other connecting railroad
or street railroad, and may lease or acquire from the owners
of such other railroads or street railroad the whole or any
part of its railroads or appurtenances.

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

9. The principal office of said corporation shall: be in
the city of Norfolk, Virginia.

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