Chap. 35.—An ACT to amend and re-enact sections 1, 2, 3, 4, 7
and 10, of the charter of the Newport News light and water
company.

Approved January 9, 1892.

1. Be it enacted by the general assembly of Virginia,
That sections first, second, third, fourth, seventh and
tenth, of the charter of the Newport News light and
water company, a corporation duly chartered by order of
the judge of the circuit court of the county of Warwick,
in the state of Virginia, entered in vacation on the eighth
day of August, in the year one thousand eight hundred
and eighty-nine, and duly recorded as provided by law,
as amended by an order of the judge of the said circuit
court, entered in vacation on the twenty-fifth day of
August, in the year one thousand eight hundred and
ninety, be amended and re-enacted so as to read as fol-
lows—to-wit :

§ 1. That C. P. Huntington, I. E. Gates, F. H. Davis,
Edward St. John and C. B. Orcutt, 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 Newport News light and water company,
for the purpose of supplying and distributing water from
natural streams, water courses, subterranean springs, or
from other sources, and of manufacturing, generating
and distributing gas or electricity, for public or private
use, within the limits of Newport News, in the county of
Warwick, state of Virginia, and at such ather place or
places within the said county of Warwick, and within
the counties of York and James City, including the city of
Williamsburg, in the said state, as may be determined on
from time to time by the said company; and by the
name and style aforesaid, the said C. P. Huntington, I. E.
Gates, F. H. Davis, Edward St. John and C. B. Orcutt,
and their associates, successors and assigns, shall be
known in law and shall have perpetual succession and a
common seal; may sue and be sued, plead and be im-
pleaded, contract and be contracted with, and shall have,
enjoy and exercise all the rights, powers and privileges
proper, requisite and necessary for the purposes of this
act.

§ 2. That the said company shall have full power and
authority to acquire, construct, use, employ, lay and locate
on any plan they may approve, dams, reservoirs, cisterns,
force pumps, engines, pipes and any and all fixtures, ap-
purtenances and appliances proper, necessary or desira-
ble for the drawing, storage, conveyance and distribution
of water, and for the manufacture, generation and dis-
tribution of gas or electricity, for public or private use
within the limits of Newport News, and at such other
place or places within the counties of Warwick, York and
James City, including the city of Williamsburg, as may
be determined upon from time to time by said company ;
to lay all necessary pipes, main and lateral, and to make
the necessary openings and excavations therefor; to lo-
cate its plant at such point or points within the said
counties of Warwick, York and James City, and to locate
and erect such poles and wires as may be necessary, desir-
able or proper to the conduct of its business. And for
these purposes the said company, in addition to the pow-
ers conferred by section first of this act, 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 other laws of the state of Virginia as far as
applicable.

g 3. The capital stock of the said company shall not
be less than one hundred 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 two million
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 lund, materials, labor, sup-
plies, services, or other valuable considerations in payment
‘for 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 at, above or below the par
value thereof; 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 hold-
ers 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
empowered to acquire and hold such real estate not ex-
ceeding ten thousand acres, as may be necessary or proper
for the conduct of its business and the prosecution of its
work, and to sell, convey or encumber the same by deeds
of mortgages or of trust.

§ 7. It shall be lawful for the said company to issue
and sell its bonds to an amount not exceeding two mil-
lion dollars, 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 works or business of the
said company, and it may secure the payment of the
principal and interest thereof, by mortgages or deeds of
trust upon all or any portion of the property, rights and
franchises of the company, 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 sums than to such amount as may be due and
unpaid, severally upon each stock subscription.

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

2. As amended by this act, the said charter is approved
and confirmed, and the general assembly of Virginia re-
serves the right to alter or repeal this act at any time
hereafter. )

3. This act shall be in force from and after its passage.