Chap. 589.-—An ACT to ratify, confirm, and amend the charter of Consumers
Light, Heat and Ice Company, to give it additional powers, and in relation to
the stock of said company.

Approved April 2, 1902.

Whereas, the corporation court of the city of Newport News did here-
tofore grant a charter of incorporation to Consumers Light, Heat and
Ice Company, which has been duly lodged and recorded in the office of
the secretary of the Commonwealth, as follows:
Corporation court of the city of Newport News, Virginia:

In reapplication for charter for the Consumers Light, Heat and Ice
Company. )

This day came William C. Stuart, R. W. Perkins, J. A. Hirshberg,
Elias Peyser, A. E. G. Klor, L. A. Myers, L. B. Reynolds, H. J. Lewis,
Frederick Reade, D. C. Ashby, and P. J. Mugler, by counsel, and exhib-
ited unto the court a certificate duly signed and acknowledged, as re-
quired by section eleven hundred and forty-five of the Code of Virginia
of eighteen hundred and eighty-seven, and amendments thereto, and the
tax and fees herein having been previously paid by William C. Stuart,
R. W. Perkins, J. A. Hirshberg, Elias Peyser, A. E. G. Klor, L. A.
Myers, L. B. Reynolds, H. J. Lewis, Frederick Reade, D. C. Ashby, and
P. J. Mugler, upon consideration whereof the court doth adjudge, order,
and decree:

First. That the said named parties, and such other persons as may
now or who may hereafter be associated with them, shall be, and they are
hereby, incorporated and made a body politic under the name and style
of Consumers Light, Heat and Ice Company, and by that name and style
they and their successors may have continual succession, may sue and be
sued, contract and be contracted with, may have and use a common seal,
and make such by-laws, rules, and regulations not contrary to the laws
of the United States or of this Commonwealth for the proper manage-
ment and government of the said company as may, from time to time, be
directed.

Second. That the said corporation hereby constituted shall be, and
it is hereby, invested with all and singular the rights prayed for in its
said application, and shall have such general powers as are usually inci-
dent to the prosecution of such enterprises; that the said company may
contract indebtedness for any purpose deemed advisable by its board of
directors, and such indebtedness may be secured by a deed of trust or
mortgage upon any and all of its property and franchises.

Third. The said company is not authorized to consolidate with any
other electric lighting company now operating within any of the terri-
tory in which, by the terms of this charter, this company is authorized to
carry on and transact business.

Fourth. The officers of the said company for the first year of its ex-
istence, ending on the first Monday in February, nineteen hundred and
one, shall be as in the said application set forth.

Fifth. The said company is hereby especially authorized and in-
structed to sell its stock for less than par, and receive such payment there-
for as may be demanded in money, land, or other property—real, per-
sonal, or mixed—leases, rights, options, rights, easements, labor, pro-
fessional or other service; and there shall be no individual liability on
the stockholders for any sums of money or their value beyond what shall
be due and unpaid from the said stockholder on account of the price or
amount for which the said stock was sold to such stockholder.

Sixth. This charter is granted upon the express condition that the
said company shall pay all taxes, dues, and: demands due the State of
Virginia which may hereafter be assessed against it in lawful money of
the United States, and not in coupons; and,

Whereas, the maximum amount of stock permitted by said charter was
one hundred thousand dollars, and it is now desired that the said maxi-
mum shall be made one hundred and fifty thousand dollars, divided into
shares of one hundred dollars each:

1. Be it enacted by the general assembly of Virginia, That the said
charter of Consumers Light, Heat and Ice Company be, and the same
hereby is, ratified and confirmed, except as to the third paragraph thereof,
and, in lieu of said paragraph, it is enacted that the said company shall
be, and hereby is, authorized to consolidate with any other company doing
an electric lighting business now or hereafter operating within any of
the territory within which, by the terms of the company’s charter, the
said company is authorized to carry on and transact business.

2. That the said company be, and hereby is, authorized to issue an
additional sum of fifty thousand dollars of capital stock, which shall be
divided into shares of one hundred dollars each: provided, however, that
before said additional amount of stock shall be issued, a majority of the
subscribers to or of the holders of the present stock of said company shall
consent thereto by a vote given in a general mecting of said stockholders
or subscribers, such general meeting to be held either under the provis-
ions of law regulating the holding of general meetings of joint-stock
companies, or by the voluntary attendance of the present holders or sub-
scribers for the existing stock of the company, in person or by proxy.
The said company may dispose of such additional stock as it may issue in
pursuance hereof in such manner, on such terms, and for such considera-
tion as may be prescribed or agreed upon by :ts board of directors, and
there shall be no individual or personal liability on any of the subscrib-
ers for or holders of such stock beyond what they severally may contract
to pay or do in respect thereto in their contracts therefor.

3. That the said company be, and is hereby, authorized to issue at any
time after the passage of this act its bonds, notes, or other obligations,
and to secure the same, from time to time, by a mortgage or mortgages,
or by a deed of trust or deeds of trust, upon the works, property, and
franchises of the company, or any part thereof.

4. That in the event the said company shall desire to avail itself of
the power of consolidation herein conferred, it may do so upon such terms
as may be agreed upon between the companies forming the consolidation ;
and the said consolidation shall be deemed complete when the agree-
ment executed by the said companies shall be filed in the office of the sec-
retary of the Commonwealth.

5. This act shall be subject to amendment, alteration, or repeal at the
pleasure of the general assembly.

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