Chap. 238.—An ACT to incorporate the Hanover and Henrico telephone and
telegraph company.

Approved February 15, 1901.

1. Be it enacted by the general assembly of Virginia, That W. C.
Saunders and C. 8. Campbell, of the county of Henrico, Virginia; M. D.
Hart, E. L. C. Scott, and M. S. Pendleton, of the county of Hanover,
Virginia, and John Garland Pollard, of the city of Richmond, Virginia.
and such others as they may associate with them, their successors and
associates, be, and they are, hereby constituted a body, politic and cor-
porate, under the name of “the Hanover and Henrico telephone and tele-
graph company,” and by that name may sue and be sued in all courts of
law or equity; may make, have, and use a common seal, which it may
alter at pleasure, and shall have and exercise all the rights, privileges,
and powers pertaining to a body corporate, and necessary and proper for
the transaction of the business of this company. And it shall have the
power to make, adopt, and enforce all by-laws, rules, and regulations not
inconsistent with the laws of this state, necessary for the maintenance
and preservation of its property and for the conduct of its business.

2. The said company is hereby authorized to operate telephone and
telegraph lines, cither or both, in Hanover, Henrico, and adjoining coun-
ties, and authority is hereby granted it to erect and maintain poles, wires.
cables, conduits and lines, and to establish all offices and exchanges
necessary for the proper conduct of such a business. And it may acquire,
by purchase, lease, condemnation or otherwise, in accordance with the
general laws of the state of Virginia, all real estate, rights and ease-
ments necessary for the convenient erection and maintenance of its poles,
wires, cables, conduits, lines, oflices and exchanges, and for the general
conduct of its business.

3. The capital stock of said company shall be not less than one thou-
sand dollars nor more than five thousand dollars, divided into shares of
ten dollars each. Shares of stock may be disposed of in the purchase of
material and in payment for work, rights, franchises, or other property.
It shall not be necessary to give any notice of the opening of subscrip-
tions to said stock, but the same may be subscribed in the manner, and
at such times as a majority of the said incorporators may determine.

4. When the minimum amount of capital has been subscribed the sub-
scribers shall meet upon such notice as said incorporators, or a majority
of them, shall determine, and elect a president and board of directors,
and such other officers as they may deem proper. The board of directors
may consist of any number that the stockholders may from time to time
determine. General or annual meetings of stockholders may be held on
such notice as may from time to time be prescribed by the board of
directors.

5. Said company may acquire, by purchase or lease, any of the property
or rights of any other telephone or telegraph company, and may make
any contract with any person or corporation, not inconsistent with the
laws of the state; and may sell or lease its property or rights, or any part
thereof; and may subscribe for, acquire and hold stock and securities of
any other telephone or telegraph company.

6. Said company shall have the power to connect or make traffie
arrangements for the interchange of business with any other telephone
or telegraph company heretofore or hereafter incorporated, and may
acquire and hold all necessary and convenient patents and property.

7. Said company shall have the power to borrow money 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.

8. And the said company may construct, maintain, and operate its
lines along any of the state or county roads or works. and over the
waters of the said counties, and along and parallel to any of the rail-
roads of the state: provided, the ordinary use of such roads, works,
railroads, and waters be not thereby obstructed; and along and over the
streets of any city or town, with the consent of the council thereof.

9. The principal office of such company shall be in the town of Ash-
land, Virginia, or at such other place in the state of Virginia as its
shareholders may agree upon: provided, notice of such change is given
to the secretary of the commonwealth within ten days of the time when
such change is decided upon.

10. All taxes or levies due or to become due by the said company shall
be paid in lawful money of the United States and not in coupons.

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