Chap. 629.—An ACT to incorporate the Hampton artesian water company.

Approved March 5, 1894.

1. Be it enacted by the general assembly of Virginia, That Segar
Whiting and Otho L. Parker, J. S. Darling, T. H. Parramore and F.
W. Sheild, their associates and assigns, be, and they are hereby, in-
corporated and made a body politic and corporate under the name
and style of the Hampton artesian water company, and by that
name shall be known in Jaw, and shall have perpetual succession,
and have power to sue and be sued, plead and be impleaded, defend
and be defended in all courts, whether in law or equity, and may
make and have a common seal, and alter or renew the same at plea-
sure, and shall have, enjoy and exercise all the rights, powers and
privileges pertaining to corporate bodies and necessary for the pur-
poses of this act, and make by-laws, rules and regulations not in-
consistent, with the laws of the state of Virginia and the United
States.

2. The capital stock of said company shall not be less than ten
thousand dollars, and may be increased by the board of directors to
any amount not exceeding one hundred thousand dollars by issuing
sale of shares, the par value of which shall not be less than twenty-
five dollars, and may receive lands, interest in lands, water rights,
personal property and services in payment of subscriptions to the
capital stock of the company, at such valuation ‘as may be agreed
upon between the directors and subscribers.

3. The said company is authorized and empowered tosupply water
in Elizabeth City county and to such persons, partnerships and corpo-
rations residing or doing business therein; to provide, locate, pur-
chase and erect and maintain all works necessary for introducing
and selling water; to purchase, locate, erect and maintain buildings,
reservoirs and water pipes for the conveyance and distribution
of water, and for these or any of the purposes to purchase, acquire,
hold, lease, sell and convey lands, interest in lands, rights of way,
easements, water rights and corporate franchises, contract rights and
privileges.

4. The said company shall issue certificates of stock to the sub-
scribers thereof in shares of not less than twenty-five dollars, each
signed by the president and countersigned by the secretary; the
said certificates shall be transferable only on the books of the com-
pany by the holder, his agent or attorney, and other corporations
may subscribe and hold the stock of the said company.

5. It shall be lawful for the said company to issue and sell its
bonds from time to time in an amount not to exceed its capital
stock, and may secure the payment of said bonds by mortgage or
deed of trust upon its property, or any part thereof, and upon its
corporate franchise.;

6. The said company shall, for the purpose of locating, laying,
sonstructing, preparing and operating its water pipes, and acquiring
the lands and rights of way therefor, be deemed a work of internal
improvement, and acquire by condemnation said rights of way and
lands for purpose aforesaid, and may purchase, acquire and hold
lands in any amount necessary for the purposes of this corporation :
provided that the public highways shall be used only by consent of
the board of supervisors of Elizabeth City county, and under such
regulations and restrictions as they may prescribe, and further, that
the streets, lanes and alleys of any town or city in Elizabeth City
county shall be used only by consent of the council of said towns,
and under such restrictions and regulations as said councils may
prescribe.

7. All taxes due by the said company to the state of Virginia shall
be paid in lawful money of the United States, and not in coupons.

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