Chap. 826.—An ACT to amend sections 5, 6, and 7 of the charter of the
Piedmont lumber and warehouse company, approved February 10, 1900.

Approved March 6, 1900.

1. Be it enacted by the general assembly of Virginia, That sections
five, six, and seven of the charter of the Piedmont lumber and ware-
house company be amended and re-enacted so as to read as follows:

§ 5. The chief office of the corporation shall be in Newport News,
Virginia, with power to establish local offices at any other place or
places within the state.

§6. A general meeting of the stockholders may be called by the
board of directors or by stockholders holding together one-tenth of the
capital stock by giving notice ten days thereof, published at least three
times before the said meeting in one of the daily newspapers in the city
of Newport News, Virginia. The said company shall have the power to
conduct a general wholesale and retail lumber and general warehouse
business, foreign and domestic, and to import and export, and to buy,
lease, or erect all necessary warehouses, wharves, landings, and the
said company shall have power and authority to subscribe and to pur-
chase and to hold stocks in any other corporation, whether organized
under the laws of this state or some other state. Any stock so held
in another corporation shall be voted as the board of directors may
appoint.

§ 7. The said company is hereby authorized and empowered, upon a
vote of the majority of the stockholders in meeting assembled, to sell or
lease or consolidate and merge its privileges, properties, rights, works,
and franchises with those of any other company now chartered or which
may be hereafter chartered, and in such manner and upon such terms
under its own name or the name of such other company or any other
name as the stockholders of the several companies so consolidated may
agree upon.

And all vessels intending to load or unload at, or having loaded
or unloaded at, the wharves of the said company, shall enter the ports
of this commonwealth and clear therefrom, and navigate the waters
of this commonwealth free of pilot charges. In the event of the con-
solidation above mentioned, the said company is hereby authorized to
receive as part of the terms thereof and consideration for such consoli-
dation, so much of the stocks and bonds of such consolidated company,
as may be provided in the agreement of consolidation, and may use,
hold, or otherwise dispose of such stocks and bonds as it may deem
proper. The consolidation and merger of such companies and the
organization of such consolidated companies shall be deemed as taken
as final and completed so soon as the agreement of such consolidation
fixing the terms, name, and conditions thereof and the organization
of the consolidated companies shall be lodged in the clerk’s office of
the circuit court of the city of Richmond, Virginia; and the said con-
solidated companies, under whatever name so agreed upon, shall there-
upon be, and it hereby is, invested and clothed with all the powers,
rights, privileges, and properties of the other company as fully and
completely as if the same had been transferred by deed, including the
power to issue and use such amount of its stocks and bonds as may
be necessary to carry out the terms of such agreement of consolidation.

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