Chap. 335.—An ACT to incorporate the Poplar Hill telephone company.

Approved February 16, 1901.

1. Be it enacted by the general assembly of Virginia, That C. W.
Shannon, R. Ll. King, L. W. Vermillion, F. G. Anderson, P. F. Saint
Clair, W. P. Eaton, and such other persons as they may associate with
them, and their suceessors be, and they are, hereby incorporated and
ereated and made a body corporate under the name of the Poplar Hill
telephone company, for the purpose of constructing, equipping, main-
taining, and operating a line or lines of telephones, with the necessary
and convenient exchanges and appliances in the counties of Giles and
Pulaski, and in other counties, cities and towns in the state of Virginia,
and as such corporation the said company shall have all general powers.
and be subject to all general restrictions conferred and imposed by the
Jaws of Virginia now or hereafter in force as to corporations or chartered
companies, ‘including all rights and privileges given by the said laws of
Virginia to telephone companies.

2. The said company shall have power to acquire by purchase, lease,
condemnation, or otherwise, in accordance with the general laws of the
State of Virginia on that subject. all real estate or easements necessary
for the convenient erection and maintenance of its lines. oflices, and ex-
changes, and for the general conduct of its business; the real estate to be
held by the company, however, in fee simple not to exceed twenty-five
acres.

3. The capital stock of said company shall not be less than five hun-
dred nor more than five thousand dollars, divided into shares of ten
dollars each. Tt shall not be necessary to give any notice of the opening
of subscriptions to said stock, but the same may be subscribed for im such
manner and at such times as a majority of said corporaters may deter-
mine.

4. Subscriptions to the capital stock of said company may be paid in
money. in lines of telephone already erected. in labor, materials. or other
property. at such prices and on such terms as the board of directors may
settle and fix. Fach share of stock shall he entitled to one vote in all
meetings of the stockholders, and no stockholder shall be liable or made
responsible for the debts or liabilities of the company for more than the
amount unpaid on the stock held by him: and any other corporation or
individual may subscribe for and acquire and hold stock in this company
only with the consent of the board of directors of this company, evidenced
of record.

5. When the minimum amount of capital stock shall have been sub-
scribed, the subscribers may mect upon such notice as the said corpo-
rators, or a majority of them shall determine, and elect a president and
board of directors. and such other officers as they may deem best. The
board of directors may consist of any 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 interests of the company may. in their judg-
ment, require.

6. This company is incorporated for the conduct of the telephone busi-
ness, and to that end authority is hereby granted to it to erect all poles.
wires, cables, conduits. and lines, and to establish all offices and exchanges
necessary and proper for the conduct of such business.

% The said company may acquire by purehase or lease, anv of the
property or rights of anv other telephone company, and make any con-
tract with anv other such company, consistent with the laws of the state.

8. The said company may connect or make traffie arrangements for
the interchange of business with any other telephone or telegraph com-
pany or companies, heretofore or hereafter incorporated. and may acquire
and hold the necessary patents and property.

9. The said company shall have power to borrow money for its pur-
poses, and to issue its notes or bonds therefor, and to secure the same
by mortgage or deed of trust upon its property, works, and franchises, or
otherwise.

10. he said company may construct and maintain its lines along any
of the public roads or highways in any county, and along the streets,
alleys, and other public places of any town or city, with the consent of the
board of supervisors of such county or councils of such cities or towns ;
and it may unite with, or contract with, any other telephone or telegraph
company for the purpose of enlarging its business; and may subscribe
for, acquire, and hold stock and securities of any other telephone or tele-
graph corporation: provided, that nothing herein contained shall be con-
strued as depriving any person or persons of any rights now held by them
in any existing telephone line in said counties through which the same
may pass.

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