Chap. 179.—An ACT to ratify and confirm the consolidation of the City gaslight
company of Norfolk and the Norfolk gas and electric company under the name
of the City gas company of Norfolk.

Approved February 1, 1898.

Whereas the City gaslight company of Norfolk, a corporation organ-
ized under the terms of an act of the general ‘assembly of Virginia,
passed January eleventh, eighteen hundred and fifty, entitled an act to
Incorporate the City easlight company of Norfolk, and other acts
amendatory of said act, particularly that approved January eighteenth,
eighteen hundred and eighty- four, entitled an act to extend, renew, and
amend the charter of the City gaslight company of Norfolk, and the
Norfolk gas and eleetrie company, also a corporation organized under a
charter granted by the judge of the corporation court of the city of
Norfolk on the second day of June, eighteen hundred and ninety-six,
and duly lodged for record in the office of the secretary of the common-
wealth, did, by an agreement dated the seventeenth dav of June, elgh-
teen hundred and ninety-six, and duly recorded in the said office of the
secretary of the commonwealth of Virginia on the eighteenth day of
June, eighteen hundred and ninety-six, effect the consolidation of the
one with the other under the name of the City gas company of Nor-
folk, upon the terms mn said agreement contained; and

Whereas the said city gas company of Norfolk has duly organized ac-
cording to the provisions of said agreement: therefore,

1. Be it enacted by the general assembly of Virginia, That the terms
of the said agreement between the City. gaslizht company of Norfolk
and the Norfolk gas and electrie company, recorded in the office of the
secretary of the commonwealth on the said eighteenth day of June,
eighteen hundred and ninety-six, and the consolidation of said com-
punmles thereunder by the name of the ( ity gas company of Norfolk be,
and the same are hereby, ratified and confirmed, and the said two com-
pales made one body, corporate and politie, under the said name of the
Citv gas company of Norfolk. And the said City gas company of Nor-
folk consolidated as aforesaid, shall have perpetual succession, and have
power to sue and be sued, plead and be impleaded. defend and be de-
fended. in all courts, either at law or in equity, and may make and have
a common seal, and alter and renew same at pleasure, and shall have,
possess, and enjoy all the rights and privileges of a corporation or body
politie in the law, and necessary for the purposes for which it is formed;
and the said City gas company of Norfolk, so consolidated, shall be
subject to all the liabilities of cach of said consolid: ating Companies, and
=hall have and possess all the rights, powers, franc hises, and privileges
herctofore conferred upon each of said consolidating companies by their
respective charters and the several acts of assembly concerning the
same, subject only to such modifications, amendments, or repeal as may
he made by this act.

The capital stock of satd) company shall be as fixed by the terms
of the said agreement—to-wit: Five hundred thousand dollars, divided
into five thousand shares, of the par value of one hundred dollars each,
issued under and pursuant to said agreement of consolidation,

3. It shall be lawful for such company to borrow money, and issue
and sell its bonds from time to time for such sums and upon such terms
as its board of directors may deem expedient and proper in’ the prose-
ecution of any of its work. It may secure payment of any such bonds
by mortgages or deeds of trust upon anv or all of its propertv—real,
personal, or mixed—its contracts and franchises, and its chartered rights
und privileges, including its franchises to be a corporation; and it may,

as the board of directors may determine, sell, lease, convey, and en-
cumber the same.

4. ach stockholder in the company shall, at all meetings or elections,
he entitled to one vote for each share of stock registered in his name;
and the president and board of directors of said company may enact
such by-laws, rules, or regulations for the management of the affairs of
said company as they may deem proper and expedient.

5. All acts done and proceedings taken by the said City gas company
of Norfolk, consolidated a's aforesaid, and ‘by its officers, agents, and
servants under and by virtue of the authority of said ‘consolidation
avreement, and under and by virtue of the several charters of the con-
solidating companies, and the several acts of assembly and decrees of
the corporation court hereinbefore mentioned, are hereby ratified and
confirmed.

6. The said City gas company of Norfolk, consolidated as aforesaid,
is hereby invested w ‘ith all the powers conferred, and subjected to all the
provisions preseribed by chapters forty-six and forty-seven of the code
of Virginia, edition of cighteen hundred and eighty-seven, except in so
far as may be otherwise provide ‘din this aet.

7. All taxes or other demands due the commonwealth by the said
eompany shall be paid in lawful money of the United States and not in
coupons.

8. This act shall be in foree from its passage.