Chap. 260.—An ACT to incorporate the Hollins internal improvement com-
pany.

Approved February 16, 1901.

1. Be it enacted by the general assembly of Virginia, That A. L
Smith, H. Standiford, T. M. Ulam, J. A. H. Junker, and J. L. Martin,
and such other persons as may hereafter be associated with them, their
successors and associates be, and thev are, hereby constituted a body,
politic and corporate, to be known as the Hollins internal improvement
company, and by that name shall have perpetual succession; and may
sue and be sued, plead and be impleaded in all the courts of law and
equity in this state. and may have, make and use a common seal, and
the same break, alier and renew or change at their pleasure, and may
make, ordain, establish, alter or amend by-laws, ordinances and regula-
tions concerning all matters of organization or business herein specifi-
eally provided for, as they may think proper, and generally may do
other acts and things necessary to carry this act into effect, or to pro-
mote the objects or welfare of this corporation: provided that such by-
laws, ordinances and regulations be not inconsistent with the laws of
this state or the United States.

2. It may build, purchase or rent, or otherwise acquire and maintain
and operate in the streets, allevs, avenues and public highways in the
town of Barton IIcights. with the consent of the council of said town,
and in the county of Henrico and other counties and cities in this state.
water plants and electric plants and railways, and dispose of same or
carry on same as may be deemed best.

3. The said company shall have power to purchase and otherwise ac-
quire real estate, the amount to be held at any one time in the state of
Virginia not to exceed one thousand (1,000) acres; to bore wells, and
extract water therefrom; to take water from rivers, creeks or springs;
to build cisterns, tanks; dams, and other means of creating water supply;
to erect, equip, and operate a pumping plant or plants, stand pipe or
stand pipes, reservoir or reservvirs, for the purposes of pumping water
and storing the same; to lay and maintain pipe or pipes for conducting
water, and also to repair such pipe or pipes; to conduct water through
such pipe or pipes, and sell the same to individuals or corporations at
such rents as it may deem expedient, and to collect such rent or rents
therefor; to manufacture, purchase or otherwise acquire, hold, own.
mortgage, pledge, sell, lease or let, assign and transfer, invest, trade.
deal in with goods, wares, merchandise, stock and bonds of other cor-
porations and other evidences of indebtedness and property of every
class and description; and shall have the right to vote on all shares of
stock in other companies or corporations the same as an actual person;
also to collect dividends on stocks and interest on bonds the same as an
actual person; to have the right to borrow money in such amounts and
at such times as to it may seem expedient; and may also issue bonds and
secure the same by mortgage or other lien upon its property of every
kind and description, and upon its franchise; to pay for labor, work or
material in stock or bonds, as it may deem expedient. The powers given
to acquire, by condemnation, necessary property for the conduct of its
business in the several counties of this state, and in the condemnation
proceedings, shall be governed by the laws now in force, and this com-
pany is clothed with all the powers given to works incorporated for the
works of internal improvements. .

4. The capital stock of the said company shall be not less than twenty-
five thousand dollars, divided into shares of one hundred dollars each.
Subscriptions to the capital stock may be received by the corporators
herein named or any three of them, at such time and place as they may
appoint, with or without public notice, as they may deem best, and as
soon as the minimum capital stock has been subscribed, the said sub-
scribers may organize as a corporation and proceed to the election of a
president and board of directors and such other officers as they may see
fit. and may adopt such by-laws and regulations as may be proper for the
management of the affairs of the company: and thereafter the said com-
pany shall have power from time to time to increase its capital stock by a
majority vote of said stockholders, when it shall have lodged in the office
of the secretary of the commonwealth a certified copy of the resolution
authorizing such increase, and shall have paid into the treasury of the
state the tax upon such increase, as required by law. Subscriptions to
such increase in the capital stock of the said company may from time
to time be taken and received by the board of directors of said company
in such amounts as they may determine, with or without public notice,
as they may deem best. The entire capital stock of the said company
may be issued as common or preferred stock, or part thereof common and
part preferred, as the directors may determine. Subscriptions to the
capital stock of the company may be payable in money, land, labor, ser-
vices, materials, rights or other property, or in the capital stock of other
corporations of like character, upon such terms and conditions as may be
agreed upon between said company and the subscribers.

5. The company hereby incorporated may acquire by lease or purchase,
subscriptions to or purchase of its capital stock or otherwise, and use
and operate the works, property, franchises, rights, privileges and immu-
nities of any electric railroad company or companies, or of any com-
pany or companies incorporated for the purpose of manufacturing or
furnishing electricity to the public, having such power so to do in its
charter, and the company hereby incorporated may unite and consoli-
date with such other company or companies upon such terms as may be
agreed upon between them under its own name or the name of such other
company, or any other name that the companies so consolidated may
agree upon. And power is hereby conferred upon company or companies
to transfer, by sale or lease, their works, properties, franchises, rights,
privileges and immunities to the company hereby incorporated, or to
unite and consolidate with it upon such terms as may be agreed upon
between them. The consolidation and merger of such companies and the
organization of such consolidated company shall be deemed and taken
as final and complete, as soon as the agreement of such consolidation
fixing the name, terms and conditions thereof shall be lodged in the
clerk’s office, circuit court of Henrico, and the said consolidated com-
pany, under whatever name may be so agreed upon, shall thereupon be
vested and clothed with all the powers. rights, privileges, franchises, and
properties of all of the companies so consolidated. The company hereby
incorporated shall have power to acquire the stock, bonds and other se-
curities of any company incorporated for any one or more of the purposes
for which this company is incorporated, or engaged in conducting any
business to be carried on by this company or for which it is incorporated.

6. The amount of real estate to be owned and held by the said com-
pany, exclusive of its road-beds, canals and other rights of way shall not
exceed ten acres in each incorporated city or town, nor two hundred acres
in each county in the state of Virginia in or through which it may ope-
rate, not to exceed one thousand acres in Virginia.

7. The principal office of said company shall be in Barton Heights,
Virginia.

8. The company may dispose of the whole or any part of its property,
however acquired, by sale, lease or otherwise: may borrow money, issue
bonds, either registered or coupon, and may secure the payment of the
same by mortgage or deed of trust upon-the whole or any part of its
works, properties, rights, franchises and privileges.

9. All acts and parts of acts in conflict herewith are hereby repealed.

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