Chap. 70.—An ACT to incorporte the Suffolk Electric Light and
Power Company.

Approved January 20, 1890.

1. Be it enacted by the general assembly of Virginia,
That Charles H. Jones, junior, R.G. Dennis, George A. Mills,
George L. Barton, H. Macleary, George W. Truitt, and J.
C. Bell, and such other persons as they may associate
with them, and their successors, are hereby created a body
corporate and politic under the name and style of the
Suffolk electric light and power company, and by that
name may sue and §be sued, contract and be contracted
with, plead and be impleaded in all proper courts and
places, have a common seal and change the same at pleas-
ure, and make all necessary by-laws and regulations for
the government of said company not inconsistent with the
laws of the United States and the state of Virginia.

2. The said company shall have the right to locate its
plant, and also the right to locate its poles and wires in,
along, and through said streets and alleys of the town of
Suffolk and its suburbs as may be necessary for the pur-
pose of. said company in furnishing light or motive power
to the town of Suffolk, or the citizens of said town; and
said company, in locating such poles and wires in, along,
and through said streets and alleys of said town and its
suburbs, shall be subject to the direction of the legally
constituted authorities of the said town within their juris-
diction, and said company shall not, by such location or
otherwise, in any manner interfere with the free use of
said streets and alleys by the public.

. 38. The purposes for which said company is incorporated
are the furnishing by electricity of light and all kinds of
motor power to the town of Suffolk, to the inhabitants
thereof, and to other corporations or persons, and it shall
be lawful for said company to dispose of its electricity at
such rates as may be agreed upon by the parties.

4. The capital stock of said Suffolk electric light and
power company shall not exceed one hundred thousand
dollars, to be divided into shares of one hundred dollars
each. Each share subscribed shall be entitled to one vote
in all meetings of the stockholders, and ten thousand dol-
lars shall be the minimum subscription on which said
company may be organized.

5. Any four of the incorporators hereinbefore named
may organize the company. by electing a president and
board of directors, and may elect and appoint such officers
as may be necessary or proper for the operation of said
company’s affairs, and thereupon the said company shall
have and exercise all the general powers and functions of
a corporation, and be subject to all the restrictions imposed
by the laws of the state and applicable to chartered com-
panies, except as far as the same may be changed or modi-
fied by this act.

6. The directors shall have power to issue bonds in sums
of one hundred dollars and multiples thereof, the princi-
pal and interest of which shall be payable at such times
and places as the board of directors may determine.

7. The principal office of said company shall be at Suf-
folk, in the state of Virginia, and said company may pur-
chase and hold all real and personal property which may
be necessary for the transaction of its business.

8. It shall be lawful for said company to borrow money
and issue and sell its bonds from time to time for such
sum and on such terms as its board of directors may deem
expedient and proper in the prosecution of any of its works,
and may secure the payment of said bonds by mortgages or
deeds of trust upon all or any portion of its property, real
or personal.

9. No stockholder in said company shall be held liable
or made responsible for its debts and liabilities in a larger
or further sum than the amount of any unpaid balance
due to the said company for stock subscribed for by said
stockholders.

10. All taxes, debts, or demands due or to become due
by this company to the state of Virginia shall be paid in
lawful currency of the United States and not in coupons.

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