A corporation may be established for the transaction of any lawful
business or to promote or conduct any legitimate object or
purpose.

Any number of persons not less than three may associate to
incorporate a college, an alumni association, a literary society,
a cemetery company or association, a fraternal benefit
association, a fraternal association, society, order or lodge, a
society for the prevention of cruelty to children or animals, a
charitable or benevolent association, or social, hunting, fishing
club, or any society, organization or association of a similar
nature.

A corporation may be limited as to duration to the time stated in
its charter. But when no time is so limited it shall be perpetual,
subject to the power of repeal reserved to the General Assembly.

A corporation may sue and be sued in any court of law and equity.

With regard to railroads, canals, and all transportation and
transmission companies, the State Corporation Commission has all
the power and authority formerly belonging to the office of
railroad commissioner; examines them as to their condition, the
causes of accidents, etc.; requires changes and improvements;
contracts with them for the conveyance of convicts, lunatics, etc.

Every railroad company in Virginia has a charter from the State,
in which are stated certain conditions on which, in the interests
of the people, they must carry on their business. It is the duty
of the Commission to examine the railroads from time to time to