Chap. 235.—An ACT to incorporate the consolidated turnpike company of
Norfolk, Virginia.

Approved February 3, 1900.

1. Be it enacted by the general assembly of Virginia, That H. L. Page,
M. W. Burk, E. T. Penzold, E. A. Page, George L. Neville, and William
W. Old, and such other persons as may be hereafter associated with them,
their successors or assigns, be, and they are hereby, constituted a body
politic and corporate, under the name and style of the consolidated turn-
pike company of Norfolk, Virginia, and by that name shall have per-
petual succession and a common seal, which they may alter or amend
at their pleasure, and may sue and be sued, implead and be impleaded,
contract and be contracted with, purchase and hold and grant estates,
real and personal, and make by-laws and regulations consistent with
the laws of this state and of the United States concerning all matters of
organization and business not herein specifically provided for, and gen-
erally may do every act and thing necessary and proper to carry this act
into effect and promote the objects of the corporation.

2. The capital stock of the said company shall not be less than fiftv
thousand dollars nor more than three hundred thousand dollars, divided
into shares of the par value of one hundred dollars each. Any three
or more of the above-named corporators, to be selected by themselves,
are hereby created a commission and are authorized to receive subserip-
tions to the capital stock of the said company at such time and place as
they may appoint, and with or without public notice, as they may deem
best, and as soon as the minimum amount of the capital stock above
named shall have heen subscribed, they may at any time thereafter,
within their discretion, call a meeting of the subscribers and organize
the company. From time to time the capital stock of the said company
may be increased or disposed of under such regulations and upon such
terms and at such price as the said company may prescribe, until the
maximum amount shall have been issued, and the said company may re-
ceive honds or stock of other incorporated companies, lands, rights of
way, labor, services, or other property, real or personal, in payment of
subscriptions to the capital stock upon such terms and at such valuation
as may be agreed upon by the said company.

3. The said company is authorized to promote, establish, and main-
tain the business of operating any turnpike or turnpikes, or toll-bridge
or toll-bridges, in either the county of Norfolk or the county of Princess
Anne, or in both of said counties, in this state, already authorized hv
charter and in operation, and to acquire by purchase, lease, subscription
to its capital stock, consolidation, or otherwise, all the works, property.
rights, and franchises of any such turnpike or toll-bridge company, and
operate the same under its charter. And any turnpike or toll-bridve
company now operating and maintaining a turnpike or toll-bridge in
either or both of the said countics of Norfolk and Princess Anne is
hereby authorized and empowered to grant, sell, lease, or otherwise dis-
pose of to the said consolidated turnpike company of Norfolk, Virginia,
all its works, rights, property, and franchises, or to consolidate with the
said consolidated turnpike company of Norfolk, Virginia, upon such
terms and conditions as may be agreed upon, as fully and completely as
if the same were specially authorized in the charter of any such turn-
pike or toll-bridge company so operating and maintaining a turnpike or
toli-bridge in either or both of said counties: provided, however, that
nothing in this act shall in anywise authorize any increase of tolls or
charges beyond those now authorized in the charter of any such turn-
pike or toll-bridge company: and provided further, that in case of the
sale or lease of the works, rights, property, and franchises of any such
turnpike or toll-bridge company to, or of the consolidation of any such
turnpike or toll-bridge company with the said consolidated turnpike
company of Norfolk, Virginia, the agreement of the companies fixing
the terms of the said sale, lease, or consolidation shall be lodged for
recor in the oflice of the board of public works in this state.

The said company may borrow money and issue bonds or other evi-
denees of indebtedness, and secure the same, or any part thereof, by
mortgage or deed of trust upon all or any portion of its property, real or
personal, or its chartered rights and privileges, including its franchises,
and may sell or otherwise dispose of its said bonds or other evidences of
indebtedness.

5. The principal office of the said company shall be in the city of
Norfolk, Virginia, but it shall be lawful after the organization for the
sald company to change the location of its principal office to the county
of Norfolk, Virginia, provided notice of such change be published for
four wecks in one of the newspapers published in the said city of Norfolk.

6. The said company shall pay its taxes in lawful money of the United
States, and not in coupons.

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