Chap. 384.—An ACT to Incorporate the Virginia Telegraph Company.
Approved N ovember 2, 1870.

1. Be it enacted by the general assembly, That Robert Bev-
erly and William Smith, of Fauquier; M. D. Corse and George
C. Wedderburn, of Alexandria; J. E. Roller and Jonas B.
Lowenback, of Rockingham; A. B. Cochran, of Augusta; E.
S. Meem, of Shenandoah; George K. Brigham and C. B.
Clusky, of District Columbia; and B. P. Noland, of Loudoun,
and such other persons as they shall associate with them, and
their successors, are hereby constituted a body politic and cor-
porate, by the name and style of The Virginia Telegraph Com-
pany, with authority to open books of subscription to the capi-
tal stock of said company.

2. That the said company, by its corporate name, may sue
and be sued in the courts of this commonwealth and elsewhere;
shall have a common seal and perpetual succession; may or-
dain and establish such by-laws and regulations as may be ne-
cessary to promote the object and design of its incorporation,
not inconsistent with the laws of the state or of the United
States.

3. The said company is authorized to erect and maintain all
necessary poles and wires, and to construct and operate one or
more lines.

4, The said company are hereby authorizedjto raise a sum of
money, not to exceed twenty-five thousand dollars, at a rate of
interest not to exceed twelve per centum, bythe sale of their
bonds, or by giving a mortgage or deed of trust on their lands
and fixtures to secure the same.

5. The capital stock shall not be less than five thousand dol-
lars, nor more than one hundred thousand dollars, divided into
shares of twenty-five dollars each; the said capital payable by
each subscriber at such time or times, and in such proportion,
as it may be called for by the president and directors. The
property, funds, and assets of the said company, shall alone be
reaponsipie for its debts, obligations, and liabilities.

. That each share of stock shall entitle the holder thereof
to cast one vote at all meetings of the said company.

7. That the principal office shall be located in the city of
Alexandria.

8. This act shall be in force from and after its passage, and
shall be subject to alteration, amendment, and repeal, at the

leasure of the general assembly, and be subject to the general
aws not inconsistent with this charter.