Chap. 288.—An ACT to incorporate the Albemarle telegraph and tele
pbone company.

Approved May 18, 1887.

1. Beit enacted by the general assembly of Virginia. That
R. P. Valentine, A. D. Payne, Thomas S. Martin, P. H.
O'Bannon, R. T. W. Duke, Junior, George Perkins, Jobn_ B.
Moon, J. L. Gordon, and C. H. Harman, and their associates
and successors, be and they bereby are constituted a body
corporate and politic under the name of tho Albemarle tele-
phone and telegraph company, and by that name shall sue
and be sued, have a common seal, and make such by-laws as
may not be inconsistent with the laws of the State.

2. The said company may acquire, construct, operate, and
maintain telephone and telegraph lines and offices in the
county of Albemarle and elsewhere, receive and deliver mes-
sages for compensation, and conduct a general telephone or
telegraph business, or both a telephone “and telegraph busi-
ness, as the directors may from time to time determine upon,
and may construct and ercct its lines along the public high-
ways so as not to obstruct the samo, and may acquiro, use,
sell, or otherwise dispose of telephone or telegraph patents
and patent rights.

3. The capital stock of the said company shall not be less
than five hundred dollars, divided into shares of not less than
ten dollars each, and the amount of such stock may be from
time to time increased by order of the board of directors.

4. The board of directors of said company shall not be less
than five in number; shall elect a president and a secretary
and treasurer for said company, one or more of which said
offices may be filled by the same person.

5. The said company may borrow money and execute
mortgages and deeds of trust upon its property and fran-
chises, and may hold stock in any other corporation, and any
other corporation may hold stock in said company.

6. The said company shall pay its taxes and public dues
in lawful money and not in coupons.

7. The place of meeting of the stockholders and the prin-
cipal office of said company shall be in the town of Charlottes-
ville, Virginia, or elsewhere, as may be determined upon by
the stockbolders in general mecting.

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