Chap. 612.—An ACT to incorporate the Deep run railway and electric company.

Approved March 1, 1898.

1. Be it enacted by the general assembly of Virginia, That T. A.
Cary, W. M. Parrish, A. V. Shelton, Warren H. Mercer, Thomas D.
Newell, R. A. Patterson and A. R. Courtney, and such other persons as
mav hereafter be associated with them, and their successors be, and they
are hereby, constituted a body politic and corporate to be known as the
Deep Run railway and electric company, and by that name to sue and
be sued, plead and be impleaded, and said company may make from
time to time such by-laws, ordinances and regulations concerning all
matters of organization and business not herein specifically provided for
ius they may think proper, and generally may do every act and thing
necessary to carry this act into effect or to promote the objects and de-
signs of this corporation: provided, that such by-laws, ordinances and
regulations and acts be not inconsistent with the laws of this state or of
the United States.

2. This company shall be, and is hereby, empowered to establish and
maintain the business of a general railway and electric company, to
erect, establish, maintain and operate, and purchase, or sell a plant or
plants in the city of Richmond and in the county of Henrico, in the
state of Virginia, for the generation of electricity and the supply of the
electric current for its own use and for sale to persons, natural or artifi-
cial, desiring to use the same for any and all uses to which the electric
current may now or at any time hereinafter be applied or be applicable,
and may manufacture, use and sell, distribute and furnish the same for
all said purposes to all persons, parties and corporations desiring to use
the same, upon such terms as may be agreed upon between the contract-
ing parties, and to purchase, manufacture and sell all apparatus and
appliances used in connection therewith.

3. The said company shall have the power to construct and operate
railways in and upon the streets of the city of Richmond, subject to the
consent of city council of said city, and to such regulations, limitations
and restrictions as may be imposed at any time thereon, upon such
terms as may be agreed upon between the company and the council of
the city of Richmond, and in and upon the public roads of the county
of Henrico upon such terms as may be agreed upon between the coim-
pany and the county court and board of supervisors of Henrico county,
after reasonable notice to the abutting property owners, and upon the
lands adjacent to the said streets and roads, according to the provisions
of chapters forty-six and fifty-one of the code of Virginia: provided that
no land can be condemned in the city of Richmond.

4. The capital stock of said company shall not be less than five thou-
sand dollars nor more than fifty thousand dollars, divided into shares of
fifty dollars each, and the same may be issued as common or preferred
stuck, or part thereof conmon and part preferred, as the directors may
determine. Subscriptions to the capital stock may be received by the
corporators herein named, or any three of them, at such time and place
as they may appoint, and with or without public notice, as they may
deem best; and as soon as the minimum capital stock has been sub-
scribed, the said subscribers may organize as a corporation and elect a
president and board of directors, and adopt such by-laws and regulations
as may be proper for the management of the affairs of the company; and
subscriptions to the capital stock may from time to time be taken and
received by the board of directors in such amounts as they may deter-
mine, and without public notice. Subscriptions to the capital stock
may be payable either in money, land, labor, services, materials, rights
or other property, or in the eapital stock of other like corporations, upon
such terms and conditions as may be agreed upon between the said com-
pany and the subscriber.

do. The company hereby incorporated may acquire by lease, purchase,
subscription to its capital stock, or otherwise, and use and operate the
works, property, franchises, rights, privileges and immunities of any
other electric or railway company or companies, or of any company or
companies incorporated for the purpose of manufacturing or furnishing
electricity to the public or having the power to do so; and the company
hereby incorporated may unite and consolidate with such other com-
pany or companies upon such terms as may be agreed upon between
them.

6. The amount of real estate to be held by the said company, exclu-
sive of its roadbeds and canals, and other rights of way, shall not ex-
ceed five acres in the city of Richmond, nor one hundred acres in the
county of Henrico.

7. The principal office of this company shall be in Henrico county,
but it may establish branch offices wherever it may be convenient or
necessary for the use of the company and the conduct of its business.

8. The company may dispose of the whole or any part of its property
however acquired by sale, lease or otherwise; may borrow money and
issue bonds, either registered or coupon, and may secure the payment
of the same by mortgage or deed of trust upon the whole or any part of
its property, works, rights, franchises and privileges.

9. The right to construct railways under this act must be exercised
within at least two years from July first, eighteen hundred and ninety-
eight, and shall not be exercised after the expiration of five years from
said date.

10. All taxes due or to become due to the commonwealth of Virginia
shall be paid in lawful money of the United States and not in coupons.

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