Chap. 181.—An ACT to incorporate the Chesapeake light and
power company.

Approved February 5, 1892.

1. Be it enacted by the general assembly of Virginia,
That H. R. Booker, Segar Whiting, James A. Watkins,
Frank W. Sheild, C. T. Holtzclaw, Edward D. Crook, and
R. M. Booker, and such other persons as may be hereafter
associated with them, their successors and assigns, shall
be, and they are hereby, incorporated and made a body
politic and corporate under the name and style of the
Chesapeake light and power company, for the purpose of
manufacturing, generating, employing, distributing, and
selling gas, electricity, or other suitable and proper ma-
terials, or fluids, for public and private use, for lighting
and for power, within the limits of the town of Hampton,
as the same is now or may hereafter be laid off, and at
‘such other place or places in the county of Elizabeth City,
state of Virginia, as may be determined on, from time to
time, by the said company, including, with the consent of
the proper authorities, Old Point and the southern branch
of the National home, in said county; and by the name
and style aforesaid, the said H. R. Booker, Segar Whiting,
James A. Watkins, Frank W. Sheild, C. T. Holtzclaw, Ed-
ward D. Crook, and R. M. Booker, and their associates,
successors, and assigns, shall be known in law, and shall
have perpetual succession and acommon seal, may sue and
be sued, plead and be impleaded, contract and be con-
tracted with.

2. That the said company shall have full power and au-
thority to acquire, construct, use, employ, lay, and locate,
on any plan it may approve, engines, boilers, pipes, wires,
poles, and any and all fixtures, appurtenances, machinery,
and appliances proper, necessary, and desirable for the
manufacture, generation, employment, distribution, and
sale of gas or electricity, or other proper and suitable ma-
teriale or fluids, for public or private uae, for light or pow-
er, within the limits of the town of Hampton, as the same
18 now or may hereafter be laid off, and at such place or
places in the said county of Elizabeth City, including,
with the consent of the proper authorities, Old Point and
the southern branch of the National home for disabled
volunteer soldiers, as the said company may, from time to
time, determine upon; to locate its plant or plants at any
point or place, or points or places, within the said county
of Elizabeth City, and to locate and erect such poles and
wires as may be necessary, desirable, or proper for the con-
duct of its business. And for these purposes, the said
company shall have, and is hereby expressly invested with,
all the powers, rights, privileges, and franchises conferred,
and be subject to all the restrictions imposed, by chapter
forty-six, code of Virginia of eighteen hundred and eighty-
seven, and the acts of the general assembly of Virginia
amendatory thereof, and of sections twelve hundred and
eighty-seven, twelve hundred and eighty-eight, and twelve
hundred and eighty-nine of chapter fifty-four of the said
code of Virginia.

3. The capital stock of the said company shal! not be less
than ten thousand dollars, and may, with the consent of
a majority of its stockholders given at any annual or
general meeting thereof, be increased from time to time,
to any additional amount requisite for the operations of
the company, not exceeding fifty thousand dollars, by the
issue or sale of shares, the par value of which shall be
one hundred dollars each, from time to time, upon such
terms and conditions, and under such regulations as the
stockholders of said company, in any annual or general
meeting thereof, shall prescribe; and the said company
may receive land, materials, Jabor, supplies, services, or
other valuable considerations, in payment of subscriptions
to, or purchases of the capital stock, at such valuation or
price, and on such terms and conditions as may be agreed
upon; and the stock of the company so issued shall for
‘all purposes be treated as paid for at par money, without
any liability whatever thereon, or upon the holders thereof
to pay any calls or assessments on account thereof, except
as may be agreed upon.

4, That the said company is hereby authorized and em-
powered to acquire and hold such real estate, not exceed-
ing three hundred acres, as may be necessary or proper for
the conduct of its business and the prosecution of its
work, and to sell, convey and encumber the same by deeds
of bargain and sale, deeds of trust and mortgages.

5. It shall be lawful for said company to issue and sell
its bonds to an amount not exceeding fifty thousand dol-
lars, from time to time, for such sums and on such terms
as it may deem expedient and proper in the prosecution
of any of the work or business of the said company; and
it may secure the payment of the principal and interest

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thereof by mortgages or deeds of trusts upon all or any
portion of the property, rights and franchises of the com-
pany, including its franchises to be a corporation. Each
stockholder in said company shall be entitled to one vote
for each share of stock held by him, and no stockholder
shall be held individually liable for the debts or liabilities
of the company, in any larger or further sum than to such
amount as may be due and unpaid, severally upon each
stock subscription.

6. That the incorporators herein above named, or any
three of them, may receive subscriptions to the capital
stock of said company; and in taking and receiving sub-
scriptions to the capital stock of said company, they shal]
be governed by sections eleven hundred and six and eleven
hundred and seven, of chapter forty-seven of the code of
Virginia, of eighteen hundred and eighty-seven. When
the minimum capital herein prescribed shall have been
subscribed, the said subscribers may organize the said
company by the election of a president, vice-president,
secretary, treasurer, five directors, and such other officers
and agents as they may deem necessary, who shall hold
office for one year, and until their successors are elected,
unless sooner removed by the stockholders. Nothing in
this section shall be construed to prevent the stockholders
from prescribing the number, character and tenure of the
offices of said company, or the manner of the appoint-
ment and removal of the officers thereof.

7. That all taxes or debts due or to become due the state
of Virginia by the said company, shall be paid in lawful
money of the United States, and not in coupons, and this
charter is granted on this express condition.

8. That the general assembly of Virginia hereby re-
serves the right to amend, alter, or repeal this charter
hereby granted at any time from and after its passage.

9. That this act shall be in force from and after its pas-
sage.