Chap. 249.—An ACT to incorporate the Greene county telephone company.

Approved February 16, 1901.

1. Be it enacted by the general assembly of Virginia, That Z. K. Page,
E. D. Davis, E. W. Sims, Chastine Miller, and N. B. Early, junior, to-
gether with such other persons as they may associate with them, and their
successors, shall be, and they are, hereby created and constituted a body
corpotate, under the name and style of the Greene county 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, from Stanardsville to Barboureville, in the
state of Virginia, with the privilege of extending its lines to any other
place in the counties of Greene, Orange, Madison, and Albemarle, and
by that name may sue and be sued in any of the courts of law and
equity, and have a common seal, which it may alter at pleasure. ‘The
said company may have and exercise all the rights, privileges, and pow-
ers pertaining to a body corporate, and necessary and proper for the
transaction of its business, including all said rights and privileges, and
given by the laws of Virginia to telephone companies; and also including
the power to make and adopt a constitution and by-laws, rules, and regu-
lations, and to enforce the same for the management and preservation
of its property and for the conduct of its business, not inconsistent, how-
ever, with the laws of this state.

2. The capital stock of said company shall not be less than five hun-
dred nor more than five thousand dollars, divided into shares of ten
dollars each, and each shareholder is entitled to one vote for every fully-
paid-up share, to be cast either in person or by proxy; and if by proxy,
such authorization must be in writing, signed by the party for whom the
proxy attempts to act; and a representation of a majority of sharcholders
present shall be conclusive as to all matters brought before the company.
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 such manner and
at such times as a majority of said corporators shall determine. And
no stockholder shall be liable or made responsible for the debts or liabili-
ties of the company for more than the amount unpaid on the stock held
by him.

3. The officers of said company shall be a president, vice-president,
general manager, secretary and treasurer (which last-named olfice shall
be held by one person, who shall be ex-officio a member of board of direc-
tors), and not less than six directors, including the president and vice-
president, who shall also be members ex-oflicio of the said board. All
vacancies in office shall be filled for the unexpired term by the board of
directors, who shall have power to fill such vacancies and generally to
manage and conduct the affairs of the company by its officers or agents,
and through the direction of a general manager, who shall be one of the
board of directors, annually designated as such general manager by the
president. Five members of the board of directors shall constitute a
quorum for the transaction of business.

4. The said company shall have power to acquire, by purchase. lease,
contract or condemnation, in aceordance with the laws of the state of
Virginia, all real estate or easements necessary for the convenient erec-
tion and maintenance of its lines, and for the general conduct of its busi-
ness, and may erect and maintain poles and wires along the public roads
and highways of Greene and adjoining counties in the state of Virginia :
provided, that travel along said roads be not interfered with, and the
real estate to be held by said company shall not exceed fifty acres.

The persons named in the first section of this act shall be held, suffi-
cient, and they are hereby constituted a corporation duly organized under
the laws of this state, and the officers thereof, for the present year and
until their successors shall be duly elected, shall be Z. K. Page, president ;
N. B. Early, junior, vice-president; Doctor H. 1). Davis, secretary and
treasurer; Doctor EK. W. Sims, general manager.

5. The said company shall have power to connect or make traffic ar-
rangements for the interchange of business with any other telephone
company or companies heretofore or hereafter incorporated, and may ac-
quire and hold the necessary patents and property. Also the said com-
pany may acquire, by purchase or lease, any of the property or rights of
any other telephone company, and may make any contract with such other
company consistent with the laws of this state.

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

The principal office of the said company shall be in the town of Stan-
ardsville, Virginia, at which place it shall hold annual meetings on the
last Saturday in December of each year hereafter.

This company shall pay all taxes and dues to the commonwealth of
Virginia in lawful money of the United States and not in coupons.

7. All acts and parts of acts inconsistent with this act are hereby
repealed.

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