Chap. 400.—An ACT to incorporate the South Richmond Electric Railway Com-
pany.

Approved March 29, 1902.

1. Be it enacted by the general assembly of Virginia, That Doctor C.
Archer, C. P. E. Burgwyn, R. B. Chaffin, W. B. Frayser, R. H. Nelson,
J. W. Reams, Franklin Stearns, J. W. Turner, and such other persons as
they may associate with them, and their successors and assigns, be, and
they are hereby, made and constituted a body politic and corporate by the
name of the South Richmond Electric Railway Company, and shall have
all the powers, rights, and franchises necessary or proper for the purpose
of conducting the business hereinafter described.

2. Any four of the corporators named may organize the company by
electing a president and board of directors, and thereupon the said com-
pany shall have and exercise all the general powers, and be subject to the
general restrictions provided by the laws of the State as to bodies politic
and corporate, except so far as the same are modified by or are incon-
sistent with this act. .

3. The said company hereby incorporated is empowered and authorized
to promote, establish, conduct, and maintain the business of a general
street railway, light and power company, to locate, buy, lcase, construct,
erect, establish, maintain, operate, own, and sell, or otherwise acquire
and dispose of a line or lines of street railway or railways, and a plant or
plants, works or other necessary cquipment for the generation of elec-
tricity or other materials or fluids, and supply the same for public or pri-
vate use for light, power, or heat within the limits of the cities of Rich-
mond and Manchester, and the county of Henrico and adjoining coun-
ties, as the same are now or may hereinafter be laid off, as may be de-
termined upon, from time to time, by the company. The said company
may locate, lay, construct, equip, maintain, and operate its line or lines
of street railway, and its poles, wires, subways, conduits, pipes, mains,
and other fixtures and appliances necessary for the proper, full, and con-
venient carrying on of the business of the said company on the roads,
streets, avenucs, lanes, alleys, and other public highways in said cities
and said counties, subject to the consent or authorization, and with such
conditions or restrictions as may be prescribed by the council of said cities,
and subject only to the consent of the judges of the county courts of the
said counties and the supervisors thereof, who are hereby vested with the
power to grant said consent and authority.

4. The said company hereby incorporated may transport passengers
and freight over the line of its railway and collect fares and tolls for
the same, and may operate its railway system by electricity or other avail-
able motive power, except steam. ‘The said company may also acquire
by lease, purchase, or otherwise electric power for the purpose of con-
ducting its business, and may dispose of its surplus power by lease or
otherwise.

5. The said company hereby incorporated may acquire by lease, pur-
chase, by subscription to, or purchase of, the capital stock or otherwise, the
works, tracks, property, franchises, rights, privileges, and immunities,
including the right to be a corporation, of other like companies within
the limits aforesaid, now existing or hereafter incorporated, and may own,
buy, sell, lease, use, operate, maintain, and extend the same; and power
is hereby conferred upon other like companies to transfer, buy, sell, or
lease all their works, tracks, property, franchises, rights, privileges, and
immunities, including the right to be a corporation, to the company
hereby incorporated, or to unite and consolidate with it upon such terms
as may be agreed upon by them.

6. It shall be lawful for any corporation or company, and they are
hereby empowered, to subscribe for, purchase, or otherwise acquire and
hold, or guarantee the stock or bonds of the said company hereby incor-
porated, and the said company hereby corporated may sell, lease, or con-
vey, in whole or in part, any of its property, rights, privileges, and fran-
chises to any other such company.

?. The said company hereby corporated may take and acquire, by pur-
chase, lease, condemnation, or otherwise, in the mode prescribed by law
for companies chartered for works of internal improvement, and hold or
thereafter scll, or otherwise dispose of, land required for the right of way
for its railways, and with the consent of council of said cities, for its
stations, yards, side tracks, shops, power houses and terminals, operating
facilities, plants, and works. And the said company shall also have the
right to acquire, by purchase, and hold other lands (not exceeding ten
acres in each of the said cities, nor more than one thousand acres each
in the counties aforesaid), and it is hereby empowered and authorized to
hold the same and devote it to terminals, parks, pleasure grounds, and
other uses, and to sell, lease, convey, and encumber the same as may be
necessary or proper for the proper conduct of its business and the prose-
cution of its work by deeds of bargain and sale and deeds of trust or
mortgages.

8. The principal office of the said company shall be in the city of Rich-
mond, or in the county of TTfenrico.

9. It shall be lawful for the said company, and it is hereby authorized
and empowered, to borrow money, make, execute, issue, and sell or nego-
tiate its bonds, from time to time, for such sums, and on such terms and
for such price as its boartl of directors may deem expedient and proper
for any of the purposes of the said company, and may secure the payment
of the said honds by mortgage, or deed of trust, upon all or any portion of
its property—real, personal. or mixed—its contracts, rights, franchises,
and privileges, including its franchise to be a corporation, and it may, as
the business of the company shall require, sell, lease, convey, and encum-
ber the same. The said company shall have the right to lend or other-
Wise invest its accumulated funds or surplus, to purchase and own the
shares or bonds of any other company or corporation, and to sell or other-
wise dispose of the same at its pleasure.

10. The said company hereby incorporated is hereby empowered and
authorized to use, on any portion of its line or lines of railway, the tracks
of any other railway company, with the consent of the said other rail-
way company, and may cross with its tracks either at, above, or below
grade the tracks of any other railway or railroad company: provided, said
connection can only be made with the consent of the said other railway
company, and upon such terms as may be agreed upon.

11. The said company hercby incorporated is authorized and empow-
ered to locate, construct, equip, operate, and maintain any lateral or
branch roads and tramways, not exceeding twenty miles in extent, and by
such route and routes as may be selected by its board of directors, and the
said company may purchase or lease any such branch or lateral road
which may be constructed, together with all the rights, powers, property,
privileges, and franchises appertaining thereto, and may pay for the
same with money or by issue of its stock, notes, or bonds.

12. The capital stock of the said company shall not be less than ten
thousand dollars nor more than fifty thousand dollars, divided into
shares of one hundred dollars each, and the directors may receive pay-
ment of subscription to the capital stock in money, labor, services, mate-
rials, bonds, stocks, easements, or real estate at such valuation as may be
agreed upon, and sell the stock at such price as may be fixed by the board
of directors. No stockholder of the said company shall be held liable or
made responsible for the debts or habilities of the said company in any
sum beyond any balance due from such stockholder to said company on
shares subscribed for by such stockholder.

13. The board of directors of said company may, with or without
notice, open the books and reccive subscriptions to the stock, from time to
time, as they may deem expedient, until the stock is fully taken, and all
subscriptions to the stock of the company shall be payable at such times
and places and in such manner and amounts as said board of directors
may prescribe.

14. Nothing in this act contained shall be so construed as to authorize
the company hereby incorporated, its successors and assigns, to ac-
quire by condemnation any of the works, property, easements, rights, or
privileges of any other work of internal improvement.

15. Work shall commence upon the said company’s railway within two
years from the passage of this act, and be completed within five years
thereafter.

16. All taxes, dues, and demands due the State, or that may hereafter
become due by this company to the State of Virginia, shall be paid in
lawful money of the United States, and not in coupons.

17%. This act shall be in force from its passage.
ACTS OF ASSEMBLY. 397