Chap. 1042.—An ACT to incorporate the Coeburn, Clinch Valley, and Nickels-
ville telephone company.

Approved March 7, 1900.

1. Be it enacted by the general assembly of Virginia, That William
Flanary, W. W. Bond, N. W. Stallard, M. J. McConnell, D. Culbertson,
and H. L. Rollins, or such of them as may accept the provisions of this
act, their associates and successors be, and they are hereby, incorporated
and made a body politic and corporate, under the name of Coeburn,
Clinch Valley and Nickelsville telephone company.

2. The purposes for which this corporation is formed are to build,
equip, operate and maintain telephone lines.

3. The minimum capital stock shall be five hundred dollars, to he
divided into shares of ten dollars each, and the capital stock of the
said company may be increased to five thousand dollars.

4. The said company shall not acquire and hold in fee simple more
than one hundred acres of real estate.

5. The principal and general offices of said company shall be at
Coehburn, Wise county, Virginia.

6. The said company shall have power to acquire hy purchase or
lease, 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 exchanges and for the
general conduet of its business, the real estate held by said company,
however, in fee simple, not to execed one hundred acres, as ahove stated.

7. The company is incorporated for the purpose of conducting a
telephone business, and to this end authority is hereby granted it to
erect all poles. wires, cables, conduits, and lines, and to establish all
offices and exchanges necessary and proper for the conduct of such a
business.

8. The company shall have the power to acquire by purchase or lease
the property of other such companies, and to make any contract with
other such companies not inconsistent with the laws of the state of
Virginia.

9. The chief business of the said company shall be building, owning,
and operating telephone lines, with all necessary exchanges, conduits,
and offices.

10. The officers who shall manage the affairs of the said company
for the first vear shall he: President. W. W. Bond, Nickelsville, Vir-
gina: vice-president, J. Lee Greear, Coeburn, Virginia; secretary, H. Th.
tolling, Coeburn, Virgimia: ‘Treasurer, N. W. Stallard, Dungannon, Vir-
ginia. Directors: P.M. Dinwus, H. I. Rollins, J. KE. Duff, J. H. Hart-
sock, David Culbertson, Daniel Dougherty, and W. W. Bond.

11. Stock of said company shall be transferred on the books of the
company and signed by the president and secretary, and a transfer of
the same shall not be made until there shall be paid to the secretary a
fee of twenty-five cents.

12. The board of directors shall have power to make rules and regula-
tions to govern the use of the lines, exchanges, telephones, and so forth,
and shall have power to enforce the same by fine, not to exceed one dollar
for each violation, and shall have power to collect the same from stock-
holders, telephone-keepers and exchanges. ‘The board of directors shall
also have authority to offer rewards for the arrest of any person wilfully
destroying or injuring the property of the said company.

The said directors shall have authority to contract with other tele-
phone lines for the transmission of messages over other lines to points
beyond the terminus of its own line, and to contract to reecive messages
from other lines and transmit same over its own line.

No person, corporation, or firm shall own more than ten shares of
stock of the said company at one time.

All persons or firms shall have the free use of this telephone line as
long as such person or firm shall be the actual owner of no less
than one share of stoek: but when such person or firm ceases to be the
owner of one share of stock such free use of said line shall cease, and
no stockholder shall have the right to give another not holding at least
one share of stock the right to use said line free of charge. This privi-
lege of stockholders shall extend to all lines now built or which may
hereafter be built or owned bv the said company.

In case the receipts from the business of the said company shall be
insufficient to pay all necessary cost and expense of operating its line,
the board of directors shall have power to assess each stockholder such
an amount as they may think necessary to pav such deficiency, so that
the same be not more than one dollar for each share of stock, and not
oftener than once in each year.

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