Chap. 834.—An ACT to incorporate the Brunswick and Lunenburg railroad
company.

Approved March 6, 1900.

1. Be it enacted by the general assembly of Virginia, That T. B.
Price, N. C. Lewis, W. P. Andrews, and T. J. Wool, and their associates,
successors, and assigns, be, and they are hereby, constituted a body
politic and corporate, by the name and style of the Brunswick and
Lunenburg railroad company.

2. The said company shall have perpetual succession, and shall have
power to sue and be sued, plead and be impleaded, defend and be de-
fended in all the courts, whether in law or in equity; and make and have
a common seal, which it may alter and renew at pleasure; and shall
have, possess, and enjoy all the rights, powers, and privileges conferred,
and be subject to all the general restrictions imposed by the laws of
this state upon such bodies politic and corporate.

3. The capital stock of the said company shall not be less than ten
thousand dollars, and may, from time to time, be increased by the stock-
holders of said company, in meeting assembled, to any amount not ex-
ceeding three hundred thousand dollars, and shall be divided into
shares of one hundred dollars each; and the board of directors mav
dispose of the same at such prices and upon such terms and under such
conditions as they may determine; and the directors may receive cash.
labor, material, bonds, stocks, real or personal property in payment of
subscriptions to the capital stock at such valuation as may be agreed
upon between the directors and the subscribers, and may make such sub-
scriptions payable in such manner or amounts and at such times as may
be agreed upon; the incorporators above named, or a majority of them,
may receive subscriptions to the capital stock in such manner as thev
may deem best, and no advertisement of the time and place at which
the books will be open for subscriptions shall be necessary. The said
company shall have the power to issue preferred stock upon such terms
as may be determined upon by a majority of the stockholders.

4. The board of directors of the said companv shall consist of five
members, which number may be increased to any number not exceed-
ing twelve at any annual meeting of said companv, the directors to
hold office for the term of one vear and until their successors are
elected and accept the office, or they may be divided and elected as is
provided by an act approved March second, eighteen hundred and eighty-
eight (session acts eightcen hundred and eight-seven and eighteen hun-
dred and eightv-eight. page four hundred and eight); and the said hoard
of directors shall from their number elect a president, and mav elect
such other officers and employees as they may deem necessarv for the
proper conduct of the affairs of the company, and they shall fill any
vacancy that may occur in the board or in the office of president.

5. The said Brunswick and Lunenburg railroad company is hereby
authorized, empowered, and permitted to locate, construct, equip, main-
tain, and operate a railway of standard or narrow gauge, with one or
more tracks, to be operated by steam, electric or any other motive power,
from any point in the county of Brunswick, in this state, by such route
as may be hereafter adopted by the directors of the said company,
through such portion of the counties of Brunswick and Lunenburg,
as may be determined upon, to any point in the county of Lunenburg;
and the said company shall have the right to construct bridges across
any rivers or streams, whether the same be navigable or not: provided,
the navigation of the said rivers and streams shall not be interfered
with. The said company shall have the right to cross the track of any
other railroad company at grade, or over or under the same, subject
to the provisions of the general laws of the state of Virginia.

6. The said company is authorized and empowered to locate, con-
struct, equip, and operate any lateral branch or tramway, not exceed-
ing twenty miles in length each, which a majority of its stockholders
may determine to construct and operate, and by such route as may be
determined upon by its board of directors, and may at any time, with
the consent of the majority of the stockholders, extend its line of rail-
way by such route as its directors may determine upon to any point in
the county of Charlotte, and may cross any rivers or streams that mav
lie in the route determined upon: provided, the navigation of said rivers
and streams so crossed shall not be interfered with, and the said company
may connect or unite its said road with that of any other company or
companies or consolidate or merge its stock, property, and franchises
with those of any other company or companies operating in this state,
and upon such terms and under such name as may be agreed upon be-
tween the companies so uniting or connecting, merging or consolidating;
and may enter into traffic or other arrangements of contract with any
other railroad company, whether organized under the laws of this state
or not, and to these ends power is hereby given to such company to
make and carry out such contract bv lease, purchase, acquisition of
stock in such company or otherwise as will facilitate and consummate
such connection or consolidation or such traffic contract, upon such
terms as may be agreed upon by the board of directors of this company
and any other such company.

?. It shall be lawful for the said company to borrow money and to
issue and sell its bonds, either coupons or registered, from time to time.
for such amount, amounts or sums, and on such terms as its stock-
holders may deem expedient and proper for it purposes, and mav secure
the payment of said honds by one or more mortgages or deeds of trust.
conveying in trust all or any portion of its property, real, personal, and
mixed, its contracts and privileges and its chartered rights and fran.
chises, including its franchise to be a corporation, and also anv prop.
erty it may acquire after the date of said mortgage, to such trustee or
trustees as to the board of directors may seem proper; and it may, a:
the business of the company shall require, sell, lease, convey, and en-
eumber all or anv portion of its property, rights, privileges, or fran.
chises, including its franchise to be a corporation.
8. It shall be lawful for said company to subscribe to and hold
shares of the capital stock in any manufacturing company, railroad
company, or other corporation organized under the laws of this or any
other state; and the said company may also hold or guarantee the bonds
of any other such company; and any manufacturing company, railroad
company, or other corporation organized under the laws:of this or any
other state may subscribe to and hold shares of stock in said company,
or may purchase, hold, or guarantee the bonds of the said company.

9. The said company may acquire by condemnation, according to the
laws of the state of Virginia, the lands required for the rights of way of
the said railroad and its branches, and for the necessary stations and
depots, yards, and terminal facilities for its operation; and may use the
public roads of any county through which its line may run, by and with
the consent of the judge of the county courts of the respective counties
and upon making compensation to the abutting landowners, and may
in like manner use the streets of any city or town through which its
line may run by and with the consent of said city and town.

10. Each stockholder in the said company shall at all meetings or
elections be entitled to one vote for each share of stock registered in
his name, and the president and the board of directors of the said
company may enact such laws, rules, and regulations for the manage-
ment of the affairs of the said company as they may deem expedient.

11. Whenever the said corporation shall exercise any of the privi-
leges conferred by this act it shall be hable to the same taxes as may be
imposed by law upon lke corporations or persons exercising like privi-
leges; and all taxes due the commonwealth by the said company shall be
paid in lawful money of the United States, and not in coupons.

12. In the event of a consolidation with any other company this com-
pany shall remain a Virginia corporation so far as the right of suing
and being sued in concerned.

18. The construction of the said road shall begin within two years
from the first day of July, nineteen hundred, and be completed within
five years from the date of the passage of this act.

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