Chap. 274.—An ACT to incorporate the Berkeley and South
Norfolk water and electric light company.

Approved February 16, 1892.

1. Be it enacted by the general assembly of Virginia,
That Howard N. Johnson, S. Q. Collins, Joseph T. Tunis,
Marcellus Miller, Charles Blevin, L. B. Allen, Foster
Black, E. M. Tilley, A. H. Martin, Parke L. Poindexter
and F. M. Halstead, and such other persons as they may
associate with them, and their successors, are hereby cre-
ated a body corporate and politic, under the name of the
Berkeley and South Norfolk water and electric light com-
pany, and are invested with all the powers, franchises
and privileges of a corporation, not inconsistent with the
laws of the state of Virginia, or of the laws of the Uni-
ted States.

2. The purposes and objects for which said company is
incorporated, and which it is authorized to effect, are the
construction, on any plan that may be approved, of reser-
voirs, storage-basins, stand-pipes, force-pumps, engines
and any and all the fixtures.and appurtenances which may
be necessary therefor; the laying of pipes, main and lat-
eral, to convey the water from any source or sources to
the town of Berkeley and the village of South Norfolk
and the vicinity; and the construction and operation of
engines and dynamos and any and all the fixtures and
appurtenances neccessary for the manufacture and trans-
mission of electric light, and the erection of poles, wires,
and other things necessary to convey the electricity from
the works to the town of Berkeley and the village of South
Norfolk and the vicinity. And for these purposes the
said company shall have the rights, privileges and fran-
chises necessary to carry into effect its purposes, objects
and intents.

3. The said company is authorized to contract and
agree with the owner of any land in Norfolk county, or
in the counties adjacent thereto, for the convenient loca-
tion of any of its works; and in case of a disagreement,
or if the owner thereof be a feme covert, under age, non
compos mentis, out of the state, or unknown, the said
company shal] have the right to condemn such lands as
may be necessary for the building of its works or any of
them, the laying of its pipes or any of them, the erection
of its poles and wires or any of them, in the manner pre-
scribed by the forty-sixth chapter of the code of Virginia,
edition of eighteen hundred and eighty-seven.

4. The capital stock of said company shall not exceed
two hundred and fifty thousand dollars, to be divided
jnto shares of one hundred dollars each.
5. There shall be as many directors for said company
as may be fixed by the by-laws, to be elected by the stock-
holders annually. The persons named in this act, or such
of them as may accept the provisions thereof, shall con-
stitute the first board of directors of the said company, and
shall continue in office until the first meeting of the stock-
holders thereof. One of their number shall be chosen as
president, and the president and directors may appoint all
officers, agents, and employees, and fix their compensa-
tion. The board of directors may open books of subscrip-
tion at such times and places as they see fit. Whenever
the sum of twenty-five thousand dollars shall have been
subscribed to the capital stock, the said company shall be
deemed legally organized.

6. The president and directors of said company may is-
sue, in the name and for the benefit of said company,
bonds or certificates of indebtedness, bearing interest not
to exceed six per centum per annum, payable sem!-annual-
ly, and may pledge the property and profits of said com-
pany for the payment thereof; and may convert the said
bonds or certificates of indebtedness into capital stock of
said company, with the consent of the holders thereof.

7. It shall be lawful for the said company to sell and
dispose of its water and light, or either, to the town of
Berkeley and the inhabitants thereof, to residents in the
village of South Norfolk, to other corporations and per-
sons, and to the government of the United States for such
time, in such manner, and at such rates as to it shall seem
fit, for the benefit of said company.

8. AJl taxes shall be paid in lawful money of the United
States, and not in coupons.

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