CHAP. 885.—An ACT to incorporate the Virginia sewerage company.

Approved March 6, 1900.

1. Be it enacted by the general assembly of Virginia, That J. W.
Perry, George M. Bunting, Harold P. Keen, H. Bayard Hodge, James
H. Dawes, and W. D. Pender, or such of them as may accept the pro-
visions of this act, and such other persons as may be hereafter associated
with them, their successors and assigns, be, and are hereby, incorporated
and made a body politic and corporate, under the name and style of
Virginia sewerage company, and by that name to have perpetual succes-
sion and a common seal, which it may alter and amend at pleasure,
and sue and be sued, contract and be contracted with, and be generally
invested with all the rights and privileges appertaining to incorporated
companies under the laws of the state of Virginia, and of the United
States, and subject to the restrictions now imposed upon the same by
the general assembly of Virginia; and upon the further condition that it
shall pay in current money of the United States, all taxes and other
demands due by it to the state of Virginia.

2. Said company shall have power to purchase and otherwise acquire
real estate, the amount to be held at any one time not to exceed
five hundred acres in any one county; to lay pipe or pipes for the con-
ducting of drainage or sewerage upon the roads, streets, and alleys in
any county, town, or city where permission is obtained from the properly
constituted authorities for the use of such roads, streets, or alleys; and
it shall have power to sell to individuals or corporations, the right or
privilege to use such sewerage or drainage pipes as it may from time to
time lay or construct, and for any other purposes which the same may
be used for; and to enter into contracts with individuals, towns, counties,
cities, or corporations for the construction of sewers and sewerage
systeins; and it shall have the right to erect, equip, and operate pump-
ing plant or plants for the discharge of its sewerage or drainage.

3. The capital stock of the said company shall not be less than ten
thousand (810,000) dollars, or more than seventy-five ($75,000) thousand
dollars, which said stock shall be divided into shares of the par value
of one hundred ($100) dollars each. The said company may receive
in pavment for its capital stock labor, materials, stocks, or bonds of
individuals or corporations or such other values or evidences of in-
debtedness as the directors may deem proper, and it may issue said stock
above or below par, and at such prices and upon such terms and condi-
tions as may be determined by the board of directors of said company,
and may use the said stock so to be issued in payment for any property,
real or personal, which it may purchase or otherwise acquire.

4. The said company shall have the power, and is hereby authorized,
from time to time, to borrow such sum or sums of money as it may
deem useful for its purposes, and for such loan or loans to issue its
bonds, registered or coupon, pavable at such time or times and in such
antounts and at such rate of interest as the stockholders may determine,
and said company may secure the same by deeds of trust or mortgage
on any or all of its property, rights, and franchise.
5. All meetings of the stockholders and directors of the said com-
pany shall be held at such time and place and upon such notice as the
board of directors may, from time to time, determine.

6. The said company is authorized to contract and agree with the
owner of any land for the convenient location of any of its works, or
the location of any of its pipe or pipes in the town of Berkley and the
county of Norfolk, and in case of a disagreement, or if the owner thereof
be a feme covert under age, non compos mentis, out of the state, or
unknown, the said company shall have the right to condemn such
lands as may be necessary for the building of its works, or any of them,
the laying of its pipes, or any of them, in the manner prescribed by the
forty-sixth chapter of the code of Virginia, edition of eighteen hun-
dred and eighty-seven.

7. The principal office of the said company is to be in the county of
Norfolk, in the state of Virginia.

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