Chap. 409.—An ACT to incorporate the Craig Telephone Company.
Approved March 29, 1902.

1. Be it enacted by the general assembly of Virginia, That H. W.
Yoder, John W. Troutt, N. E. Spessard, C. C. Jones, W. H. Lugar, and
Paris V. Jones, and such other persons as they may associate with them,
and their successors, be, and they hereby are, incorporated, created, and
made a body corporate under the name of the Craig Telephone Company,
for the purpose of constructing, equipping, maintaining, and operating a
line or lines of telephones with the necessary and convenient exchanges
and appliances in the county of Craig and adjoining counties of the State
of Virginia, and to connect any and all points in the said county of
Craig and adjoining counties as this said company may elect; and as
such corporation the said company shall have all general powers and be
subject to all general restrictions conferred and imposed by the laws of
Virginia now or hereafter enforced as to corporations and chartered com-
panies, and including all rights and privileges given by the said laws of
Virginia to telephone companies. It shall have perpetual succession, a
common seal, may sue and be sued, contract and be contracted with.

2. The said company shall have power to acquire, by purchase, lease,
condemnation, or otherwise, in accordance with the general laws of the
State of Virginia on that subject, all real estate or easements necessary
for the convenient erection and maintenance of its lines, offices, and ex-
changes, and for the general conduct of its business. The purposes for
which the said company is incorporated are to conduct a gencral telephone
business; to erect all poles and wires, and maintain the same, that are
necessary and proper for the successful conduct of such business; to es-
tablish all offices and exchanges required for the same; to have power to
eonnect or make traffic arrangement for the interchange of business with
any other telephone or telegraph companies heretotore incorporated, or
to be hereafter incorporated, and to acquire and hold all necessary patents
and property, and acquire, by purchase or lease, any property or rights
of any other telephone company, and make any contract with such com-
pany or companies consistent with the general laws of the State of Vir-
ginia.

3. The capital stock of the said company shall not be less than three
hundred dollars nor more than five thousand dollars, divided into shares
of ten dollars each, and it shall not be necessary to give any notice of the
opening of books and subscriptions to said stock, but the same may be
subscribed at such times and in such manner as to a majority of the cor-
porators may seem best.

4. The said company shall have the right to use the highways in the
county or counties through which it may run in the State of Virginia,
subject to the consent of the board of supervisors of such counties, and
may construct, maintain, and operate its line or lines on same, so as not
to interfere with travel on and the ordinary use of the same. The said
company shall not operate in any city or incorporated town of this State,
except by and with the consent of, and under such regulations as may be
prescribed by, the councils of said cities and towns.

5. The said company shall have power to borrow moncy for its pur-
poses, and to issue its notes or bonds therefor, and to secure the same by
mortgage or deed of trust upon its property, works, and franchises, or
otherwise.

6. The officers of the said company shall be president, vice-president,
secretary, treasurer, and a board of directors of not less than five stock-
holders: provided, that the secretary and treasurer may be the same per-
son, and the officers must all be members of the board of directors.

7. The said company, through its directors, shall have power to make
all by-laws and rules for its government not inconsistent with the laws of
this State.

8. Whenever the minimum stock herein provided for has been sub-
scribed for, the subscribers therefor shall have the full power to organize
by the election of a board of directors as hereinbefore provided for.

9. All taxes, debts, or demands becoming due by this company to the
State of Virginia shall be paid in currency of the United States, and not
in coupons.

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