Chap. 451.—An ACT to amend charter of Chesapeake Transit Company.

Approved March 29, 1902.

1. Be it enacted by the general assembly of Virginia, That an act en-
titled “an act to incorporate the Chesapeake Transit Company, approved
March third, eighteen hundred and ninety-eight, be amended and re-
enacted so as to read as follows:

1. Be it enacted by the general assembly of Virginia, That J. W. Ash-
ton, S. Q. Collins, Marvin Hardy, J. E. Cole, R. W. Shultice, and such
other persons as may become associated with them in the manner herein-
after provided, shall be, and they are hereby, constituted a body corporate
by the name of the Chesapeake Transit Company, and by that name shall
have perpetual succession and a common seal, which they may alter and
imend at their pleasure, and may acquire, by lease, purchase, or condem-
nation, all lands necessary for the purposes of its incorporation; and may
locate, construct, equip, maintain, and operate a railroad of such gauge
is they may elect, with all necessary tracks, turn-outs, branches, and sid-
ings from some point on or near the Chesapeake bay, in the county of
Norfolk or in the county of Princess Anne, to some point on or near the
Atlantic coast, in the said county of Princess Anne, in the State of Vir-
rinia, and to extend the same from any point of its line to and in the
‘ity of Norfolk, and westwardly to some point on the West Virginia line;
ind after obtaining the consent of the councils of the said city of Nor-
olk, may run over and upon such streets and avenues, and upon such
erms and conditions as the said councils may prescribe; and may use any
treets and highways laid out and located outside of said city, whether
ledicated to the public use or not: provided, the said company shall first
ybtain the consent of the council of any city or board of supervisors of
any county through which it may pass; and it shall be lawful for said
company to consolidate with any other railroad company heretofore in-
corporated, or hereafter to be incorporated, in the State of Virginia, or
under the laws of any other State, and to lease any other railroad or rail-
roads or right of way over the same.

2. The company shall have the right to purchase, lease, build, con-
struct, equip, furnish, and operate one or more steamboats and other
boats, vessels, and craft, for the carriage of persons and all kinds of prop-
erty and merchandise; and to establish, build, construct, and maintain
at one or more points along its linc, wharves, docks, warchouses, and ele-
vators, and to do all things necessary to make safe and convenient land-
ings for all kinds of shipping; and to erect excursion pavilions and other
buildings necessary for the convenience and entertainment of its patrons
and public generally.

3. Any three of the above named incorporators are hereby authorized
to open in the city of Norfolk, Virginia, books of subscription to the
capital stock of the said company, which shall be divided into shares of
the par value of one hundred dollars each; and it shall be lawful for the
said company to acquire, in payment of such subscriptions to its capital
stock, labor, material, bonds, lands, and other property at such valuations
and at such prices as may be agreed upon between the directors and the
subscribers, and to receive subscriptions from other companies or cor-
porations, to be paid in stock or otherwise, and to make such arrange-
ments as may be agreed upon by the boards of directors of the respective
companies or corporations for such sale, exchange, or consolidation of
stock and lands as will facilitate the construction and operation of said
road; and the said company may sell, lease, or otherwise dispose of any
lands or other property acquired under this act.

4, The capital stock of said company shall not be less than fifty thou-
sand dollars nor more than five hundred thousand dollars, which may be
issued by the said company in one or more classes or kinds, and in one
or more series or grades, with such preferences, conditions, and voting
power as shall be provided when the said stock is issued, and, from time
to time, it may increase or decrease the amount of any class or grade of
such stock, with the approval of the majority in the amount of the stock-
holders given at any mecting called for that purpose.

6. But nothing in this act shall be construed as authorizing the com-
pany herein incorporated, their successors or assigns, to construct, pur-
chase, lease, or maintain a ferry between the citics of Norfolk and Ports-
mouth and the town of Berkley, or between cither of the said points; nor
to construct, purchase, lease, and operate a belt line railroad about the
cities and town aforcsaid.

%. The road, having been commenced, shall be completed within five
years from the passage of this bill.

2. This act shal] be in force from its passage.