Chap. 348.—An ACT to incorporate the Onancock telephone company.

Approved February 17, 1898.

1. Beit enacted by the general assembly of Virginia, That Spencer
F. Rogers, John W. Rogers, Henry R. Boggs, John W. Kellam, Edward
E. Miles, Julius I. Belote, Charles H. Rogers and John T. Finney, and
such other persons as they may associate with them, and their successors
be, and they hereby are, incorporated and created and made a body
corporate under the name of ‘The Onancock telephone company’? for
the purpose of constructing, equipping, maintaining and operating a
line or lines of telephones with the necessary and convenient exchanges
in the town of Onancock, and in the county of Accomac, in the state of
Virginia, and as such corporation they shall have all the general powers
and be subject to all the general restrictions conferred and imposed by
the laws of Virginia now or hereafter in force as to corporations and
chartered companies.

2. The capital stock of said company shall not be less than fifteen
hundred dollars nor more than five thou-and dollars, divided into shares
of twenty-five dollars each, and it shall not be necessary to give any
notice of the opening of subscriptions to said stock, but the same may
be subscribed in such manner and at such times as a majority of said
corporators shall determine.

a a
3. When the minimum amount of capital stock shall have been sub-
cribed the subscribers may meet upon such notice as the said corpora-
ors, OF a majority of them, shall determine and elect a president and
yoard of directors and such other officers as they may deem best. At
uch mecting, and at every meeting of stockholders, each subscriber
may in person or by proxy cast one vote for every twenty-five dollars of
tock subseribed for by him. The board of directors may consist of
inv number that the subscribers or stockholders may from time to time
determine. After such election the said company shall be thereupon
deemed duly organized, and the board may proceed to adopt by-laws
for the conduct. of the company and take such further action as the in-
terest of the company may in their judgment require.

4. The said company may acquire by purchase or Jease any of the
property or rights of any other telephone company, and may make any
contract or trafie arrangement for the interchange of business with any
other such company consistent with the general laws of the state.

The said company shall have power to ereet and maintain poles
and wires on the streets of the town of Onancock: provided, the consent
of the town council be first obtained, and to erect and mmuntain poles
and wires along the public roads of the said county of Accomac, subject
to the fee simple rights of adjacent landowners: and provided, that
travel along said roads be not interfered with.

6. The first meeting of the stockholders shall be held as soen as con-
venient after the passage of this act and annually thereafter on the
fifteenth day of January in each year, and at such other times as the
stockholders may be convened by order of the hoard of directors Upon
notice to the stockholders or upon publication of the said notice for at
least, one week in some newspaper published in said county of Accomac.

The officers and board of directors elected at the first mecting of
the stockholders shall serve until Janu: ry the fifteenth, emghteen hundred
and ninety-nine, and their successors shall be elected annually thereafter
at the first regular meeting in each year: provided, that each of said
oflivers and the board of dircetors shall serve until their successors are
elected.

8, All debts or demands due or to become due to the state of Vir-
einia from the said company shall be paid in currency and not in
coupons.

9, The general assembly of Virginia reserves the right to alter, amend
or repeal this act at pleasure.

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