Chap. 318.—An ACT to incorporate the Seaboard water company.

Approved March 1, 1888.

1. Be it enacted by the general assembly of Virginia, That
N. M. Osborne, W. B. Rogers, H. L. Smith, and George H.
Newton, of the city of Norfolk, Virginia, and W. J. Flana-
gin, of Merchantsville, New Jersey, and such other persons
as are now or that may be hereafter associated with them
and their successors, are hereby created a body politic and

, corporate, under the name of the Seaboard water company;
and by such name may sue and be sued, and shall have all
the general powers and be subject to all the general restric-
tions conferred or prescribed by the laws of this state, now
in force or that may be hereafter enacted in regard to such
bodies politic and corporate, except as the same may be
modified by the terms of this charter.

2. The said company shall have the right to construct,
maintain, and operate all such works, pumps, engines,
machinery, reservoirs, pipes, and such other fixtures, appur-
tenances and apparatus as belong or appertain to works for
supplying water to cities or towns, with the power to conve
and supply water from Lake Drummond, Deep creek, or suc
other place or places as may be desired, to the citizens of
Norfolk or Portsmouth, the navy yard, or hospital of the
United States government, located in the county of Norfolk,
or to any of the towns or villages in the said county of Nor-
folk, or to such persons or corporations as may desire to take

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the same in any of the cities, towns, or county aforesaid, and
to charge and collect such reasonable tolls or charges for the
sale and delivery of water, and make such contracts in rela-
tion thereto as may be agreed upon between the takers or
consumers thereof and the said company, and generally to
do all such things as appertain to the business of a water-
works company.

3. The capital stock of said company shall not be less than
fifty thousand dollars,and may be increased from time to
time by the board of directors of the said company to any
amount not exceeding the sum of six hundred thousand dol-
lars, and shall be divided into shares of one hundred dollars
each.

4. The board of directors of the said company, by and
with the consent of the stockholders, given at any general or
annual meeting at which a majority of the stock is repre-
sented, shall have the right to issue, negotiate, and sell the
bonds of the sai¢ company in such sum or sums, to such
amount or amounts, and payable in such manner and at such
time or times as the board shall deem proper, not to exceed,
however, the sum of six hundred thousand dollars, and cause
the same to be secured by one or more decds in trust or
mortgages conveying tho real and personal property, rights,
powers, franchises, and privileges of the said company to
such trustee or trustees, and on such terms as to the board
shall seem proper.

5. In the event that a sale be made under a deed in trust
or mortgage, executed by the said company on all its works
and property, and there be a conveyance pursuant thereto,
such sale and conveyance shall puss to the purchaser at the
sale, not only the works and property of the company as
they were at the time of the making the deed in trust or
mortgage, but any works or property which the company
may after that time and before the sale, have constructed or
acquired, and all other property of which it may be possessed
at the time of the sale, other than debts due to it; and all
the other provisions in sections forty-four and forty-five of
chapter sixty-one of the Code of eighteen hundred and sev-
enty-three, applicable to works of internal improvement are
hereby made to apply to this company.

6. Por the purpose of conveying and supplying water to
the places, persons, or corporations hereinbefore named, the
said company shall have the right to acquire, by purchase or
other agreement, such lands as may be necessary for its pur-
poses: provided, that the land acquired for the purposes of
its right of way for the laying, construction, and maintenance
of the line of pipe of said company, shall not exceed twenty
feet in width; and subject to this modification, the said com-
pany shall have all the rights and powers that are given to
companies incorporated for works of internal improvement,
as set forth in chapter fifty-six, Code of eighteen hundred
and seventy-three, and of all laws or acts amendatory thereof;
and the said company shall have the right, in regard to the
condemnation or acquiring of such real estate as may be
needed for its purposes, to cross under any river, stream, rail-
road, turnpike, canal, state, county, or neighborhood road in
the construction of its line of pipe, subject to the provisions
of the laws now in force, for the purpose of conveying its
water as aforesaid, and may use, cross, or occupy any por- .
tion of the streets or alleys, public or private, of any city or -
town.

7. The said company shall have the power to unite or con-
solidate with any other company incorporated under the laws
of this commonwealth, for supplying any of the said cities or -
towns with water; and to that end may acquire, by pur- -
chase or otherwise, any of the capital stock of said company, -
or the works, franchises, property, rights, and estate of any _
such company. oe

» 8. The principal office of said company shall be in the city .
of Norfolk, Virginia.

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