Chap. 433.—An ACT to incorporate the Alexandria and Little Falls Railroad
Company.

Approved March 29, 1902.

1. Be it enacted by the general assembly of Virginia, That Will
W. Douglas, Don P. Blackwood, Montgomery Hunter, Boyd Watson,
Jonathan R. Hagan, N. E. Welch, W. Irwin McClure, and such other
persons as may be associated with them, and their successors, are hereby
created and declared to be a body politic and corporate by the name and
style of the Alexandria and Little Falls Railroad Company of Virginia,
and by such name shall have perpetual succession, and may contract and
be contracted with, sue and be sued, make and use a common seal, and
alter the same at pleasure, and make such by-laws, rules, and regulations
for the government of said corporation and the conduct of its business
as may be deemed necessary, not in conflict with the constitution and the
laws of this State or the United States.

2. The capital stock of this said company shall not be less than ten
thousand dollars, to be divided into shares of one hundred dollars each,
and the same may be increased, from time to time, by additional sub-
scription to such amount, not exceeding fifty thousand dollars, as the
stockholders, at any general or special meeting, may authorize or pre-
scribe.

The said company may receive subscriptions to its capital stock or pay-
ment for its shares to be issued in money, labor, land, or other property,
upon such terms as shall be agreed upon or authorized by the board of
directors, and may give preference to a portion of the capital stock over
the residue thereof, or to dividends, and the payment thereof.

3. The corporators herein above named, or any three of them, may re-
ceive subscriptions to the capital stock of the said company, and when the
minimum capital of ten thousand dollars shall have been subscribed, the
said subscribers may organize said company by the election of five direc-
tors, of whom they shall elect one as president, to remain in office one
year and until their successors are elected, unless sooner removed by th
stockholders. )

After organization as aforesaid, the stockholders, at a general meeting
may change the number of directors, and may provide for the prope
government of the company by such by-laws as they deem fit, as herein:
before authorized.

The board of directors may appoint such subordinate agents and officer:
as they may deem necessary and proper to the conduct of the busines:
of the company.

4. The said company is hereby authorized and empowered to locate
construct, build, equip, operate, and maintain a line of electric railroac
of standard gauge and standard quality from a point in the city of Alex.
andria, in the county of Alexandria, to a point in the county of Fairfax
Virginia, at or near the Little Falls of the Potomac river, and to con-
nect the same with any line of electric railroad now built or authorized
to be built; and shall have the right, by a majority vote of its stockhold-
ers, to consolidate and merge its property and franchises into any othe
railroad in or outside of said State, and shall have power to execute con-
tract for the purpose of such connection, merger, or consolidation; and
any company so formed by such merger and consolidation, and under
such name as it may adopt and set forth in the contract of consolidation
so executed, shall be entitled to all the property, rights, and franchises,
and be subject to the liabilities of the companies so consolidated, and the
said named company shall have power to subscribe to the capital stock
or to endorse the bonds of any electric railroad company or other incor-
porated company.

5. The said company shall have power to borrow money, to issue and
negotiate bonds for the security of such loans, and to secure the same by
mortgages, deeds of trust, or otherwise upon the whole or any part of its
property and franchises, or either.

It shall be lawful for said company to sell its bonds, from time to time,
for such sums and upon such terms as the board of directors may deem
expedient for the prosecution of the work and: business of the company.
No stockholder shall be held individually liable for any of the debts or
liabilities of the company in any further or larger sum than the amount
that may be due and unpaid upon his stock subscription.

6. That it shall have power to acquire necessary land for its lines of
railroad terminals, depots, stations, or other necessary purposes, by pur-
chases or condemnation, not exceeding the quantity of land now allowed
by law: provided, however, this act shall not confer upon said company
the power or right to condemn the property or rights of any other com-
pany or corporation, whether private or public.

?. That all taxes that may become due the State of Virginia shall he
paid in lawful money, and not in coupons.

8. This act is subject to the proviso that the work of construction here-
under shall be commenced within two years and completed within five
years from the passage of this act.

9. That the legislature reserves the right to amend this act.

10. That this act shall be in force from its passage.