Chap. 461.—An ACT to incorporate the York telephone and tel-
graph cumpany.

Approved March 3, 1890.

1. Be it enacted by the general assembly of Virginia,
That T. H{f. Gordon, L. Bremond, George E. Bowden, Alvale
H. Martin, E. V. White, R. G. Bickford, H. de B. Clay, J.
M. Lachlan, E. A. Saunders, junior, and their associates
and successors, be, and they are hereby, constituted a body
politic and corporate under the name of the York telephone
and telegraph company; and by that name shall sue and
be sued, have, make, and use a common seal, and change
and alter the same at pleasure, and may make such by-
laws and regulations for the government of said company
as they may deem best, and as may not be inconsistent
with the constitution and laws of the United States or of
Virginia.

2. The said company may acquire, construct, operate,
and maintain telephone and telegraph lines and offices,
or telephone or telegraph lines and offices, cables and such
other apparatus as may be necessary, within the counties
of York, James City, Warwick, Elizabeth City, Norfolk,
and Princess Anne, or in any two of the same, and in the
towns, villages, and cities, corporate or incorporate, situ-
ate therein, or within said territory; receive and deliver
messages for compensation, charge for the use of its lines,
and conduct a general telephone or telegraph business, or
both telephone and telegraph business, as the directors
may from time to time determine upon; and may con-
struct, erect, and maintain its lines along any and all
public highways in said territory so as not to obstruct
travel on the same, and alsoon any private or public lands,
other than public highways, with the consent of the pro-
prietors thereof.

3. The capital stock of said company shall be not less
than three thousand dollars nor more than thirty thousand
dollars, to be divided into shares of ten dollars each, the
amount of stock to be regulated within said limits by the
board of directors.

4. The officers of the said company, one or more of
which may be filled by the same person, shall be a presi-
dent, vice-president, secretary, and treasurer, to be elected
annually by the stockholders, together with five directors,
who shall, with the foregoing mentioned officers, constitute
the board of directors, allkof whom shall be stockholders—
such election by the stockholders to be holden annually
on the third Tuesday in February of each year, or such
other day as the stockholders may from time to time pre-

scribe; and for the first fiscal year T. H. Gordon shall be
president ; L. Bremond, vice-president; E. V. White, trea-
surer; R. G. Bickford, secretary, and H. de B. Clay, George
E. Bowden, Alvale H. Martin, J. M. Lachlan, and E. A.
Saunders, junior, shall be directors. Any vacancies occur-
ring in any of said officers or on said board shall be filled
for the remainder of the term by such person as said board
shall elect. Any five of said board shall be a quorum
sufficient for transacting business.
5. No stockholder shall be liable for any debts, obliga-
tions, or liabilities of said company beyond unpaid stock
subscribed by him.

6. The said company may borrow money and issue
bonds to secure (which it may execute) mortgages or
deeds of trust upon its property and franchises, and may
hold stock in any other corporation, and any other cor-
poration may hold stock in said company.

7. The capital stock of said company shall be personal
property, and transferable on the company’s books; and
lands and materials and securities, or any of them, may,
in the discretion of the board of directors, be received on
stock subscription.

8. This company may hold land not to exceed five hun-
dred acres.

9. In all meetings of the stockholders of this company
each share shall be entitled to one vote.

10. Said company shall pay all taxes and duties to the
commonwealth in lawful money of the United States and
not in coupons.

11. The principal office of the said company shall be at
Newport News, Virginia.

12. Books may be opened for subscription to stock by
any three of said corporators, and the company shall be
organized as soon as the minimum amount of stock shall
be subscribed.

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