Chap. 40.—An ACT to amend and re-enact an act entitled an act to incorporate
the Bridgewater construction company, approved January 22, 1894.

Approved January 11, 1896.

1. Be it enacted by the general assembly of Virginia, That an act
entitled an act to incorporate the Bridgewater construction company
be amended and re-enacted so as to read as follows:

Be it enacted by the general assembly of Virginia, That W. R.
Brown, Charles R. Sickles, of New York; W. A. Little, Jr., and J. B.
Ficklen, W.- F. Ficklen and W. T. White, of Fredericksburg, Vir-
ginia, and their associates, or such of them as may accept the pro-
visions of this act, and such persons as may be hereafter associated
with them and their successors, be, and they are hereby, constituted
a body politic and corporate under the name and style of the Bridge-
water construction company.

2. The said corporation may make and use a corporate seal, which
itmay alter or renew at its pleasure, may sue and be sued, plead
and be impleaded, contract and be contracted with, and make by-
laws, rules and regulations consistent with the existing laws of this
state and the United States for the government, management and
control of its members, estates and properties, and_the due and
orderly conduct of its affairs.

8. The capital stock shall not be less than five thousand dollars
nor more than one hundred thousand dollars, divided into shares of
not less than ten nor more than one hundred dollars each, as the
board of directors may prescribe. The directors may receive real
and personal property and services in payment for subscriptions to
the capital stock at such valuation as may be agreed upon between
the directors of the company and the subscribers.

4.The said company shall have the power, and may purchase,
hold, grant, mortgage or otherwise dispose of real and personal estate
in this state, but the amount of real estate held by it shall not ex-
ceed five hundred acres; and the said company shal! have power and
may lay out such lands, or any part thereof, into parcels or lots of
convenient size with intervening roads, lanes, streets and alleys and
develop, improve, work, cultivate, sell, grant mortgage, or otherwise
dispose of the same, in such manner and upon such terms as the said
company may think proper; and may contract for, construct, ope-
rate and maintain works of public or private improvement; provided
that nothing in this section shall be construed as exempting said
company from the provisions of the general laws of the state relative
to corporations.

5. That the said company shall have the power to search for and
develop stone and granite quarries, and any and all other minerals,
ores and metals, and to mine and manufacture the same; to pur-
chase and sell the same; to work, reduce, smelt and refine the same,
and to erect and work the proper works and factories; and the said
company shall also have the power to construct and operate lateral
railroads, of not more than ten miles in length, to be run by steam
or electricity; tramways, telegraph and telephone ‘lines and canals
or water-ways connecting the mines, works or land of the said com-
pany with trunk lines of railroad and telegraph lines; and the said
company shall have the power to install machinery for working their
mines, quarries, railroads or canals; to erect stationary electric plants
or purchase the same. And the said company shall have the further
power and may build pipe lines, water-ditches, flumes and reservoirs,
and to draw water from any water course adjacent to their mines,
lands or works: provided they do not in so doing violate the rights
of any individuals or parties.

6. That for the purpose of constructing said railroads, canals, tele-
graph and telephone lines, pipe lines, water-ditches, flumes and
reservoirs, the said company shall have the right to enter upon any
lands which said railroads, canals, telegraph and telephone lines,
pipe lines, flumes, water-ditches or reservoirs may pass or should be
located for the purpose of surveying the same and locating the said
railroads, canals, telegraph and telephone lines, pipe lines, water-
ditches, flumes and reservoirs, and contract with the owners of said
lands for the right of way for any or all of the above-mentioned
rights; and upon the failure of the said company and the owners of
said lands to agree upon the price of said right of way, they shall
proceed to condemn the said land in the manner provided by law.

7. For the construction and operation of the railroads, canals,
telegraph and telephone lines, pipe lines, water-ditches, flumes and
reservoirs and the establishment and purchase of plants, the com-
pany shall have the right to issue bonds and secure the same by
mortgages on the properties, rights and franchise of the company, or
any part thereof; to issue preferred stock, to issue bonds secured by
mortgage convertible into preferred stock, or preferred stock con-
vertible into bonds secured by mortgage, and to accept in payment
for any services rendered or work performed for any other corpora-
tion or individual, the stock or bonds of such corporation, and to
exercise all the power necessary to the enjoyment of the franchises
and privileges herein granted.

8. It shall be lawful for the said company to guarantee the inter-
est, or principal and interest, of bonds of any mining or manufac-
turing company of this or adjoining states, as well as to acquire and
hold the shares of capital stock of any such corporations.

9, The incorporators herein tamed, and such others as they may
associate with them, shall constitute the board of directors for one
year, and may elect from their number a president and other officers
to serve for one year, until the first general meeting of stockholders.

10. It shall be lawful for the said company to organize so soon as
its minimum capital stock shall have been subscribed for on the
books of the company, and the amount required by the general laws
of the state paid therein.

11. No stockholder shall be liable for any debts, obligations or
liabilities of the company above or beyond the face or par value of
the stock subscribed by him or the unpaid balance due thereon.

12. The principal office of the company shall be in Fredericks-
burg, Virginia.

13. All taxes and other public dues accruing from the said com-
pany to the state of Virginia shall be paid in lawful money of the
United States, and not in coupons or any other thing whatsoever.

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