Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1890-01-22

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20.
toned authorities of such cities, counties,
and bridges respectively.
KLEcrRrc IIdHr.
II at any time in the future the city OF
Richmond shall desire and determine t9
and shall manufacture, sell, furnish. an,;
distribute electricity in any one or more OF
heating, power, aud for any other. use to
which electricity may be applied. then the
said company shall not, without the con-
sent of the Council of said city, sell. fur-
! nish, or distribute electricity TO any per-
son or persons, association, or company
other than itself. Should the said city at
any time in the future determine to estao;
lish its own electric-plant, then the said
company hereby is given power TO sell 70
said city Its electric-plant or plants, or any
part thereof, and the said city hereby Is
given power TO buy the same. :,
Tho maintenance and use OF all poles,
wires, and other appliances to be located OF
erected under this section by said company
for the CONVEYANCE or distribution of electri-
city on. over or under the streets or high
wavs of the said cities and counties and the
James River Free bridge shall be at oil
times subject to such restrictions, condi.
tions, and limitations, az the Councils o,
the said cities. the judges of the SAID
county courts, and the James-hiyer free
Bridge Company, may respectively I'M
pose within their respective limits or luris-
dictions.
CAPITAL STOCK.
4. The capital stock of said company
shall not be less than 500. .000nor more than
/ -, ,000. 900. divided into shares OF SlOO each
Subscriptions to the capital stock may be
received by the corporators herein named,
or any three OF them, at such time and
place rs they may appoint and with oi
without notice "a they may deem best;
and as soon as the minimum capital stock
has been subscribed the said subscribers
may organize az a corporation and proceed
/ TO elect president and Board of Directors
and adopt such bylaws and regulations as
may be proper for the management OF the
affairs of the company, and thereafter
/ further subscriptions to the capital stock
may be received by the Board of Directors
Subscriptions to the capital stock may be
payable either in money, land, labor. ma
/ terial, rights, or other property upon such
! terms and conditions "a may be agreed
upon between the said company and the
subscriber.
RIGHT TO PURCHASE PROPERTIES.
8. The company hereby incorporated
may acquire by lease or purchase. and use
and operate the works, property. fran
chises, rights, privileges, and lmmunitle:
of any other existing street-railway com
pany or of any existing company incorpo
rated for the purpose of manufacturing OF
furnishing electricity whose railway ol
works are at present situated or in process
of construction within the cities and conn
ties aforesaid, or any or either of them
and the company hereby Incorporated mal
unite or consolidate with such other com
pany or companies as aforesaid upon sucf
terms as NAV be agreed upon, and power l
hereby conferred upon such other com
pany or companies to transfer by sale o
lease their works. property. franchises
rights. privileges, and immuuities to th'
company hereby Incorporated, or TO unit
and consolidate with the company hereby
Incorporated upon such terms az may b
agreed upon, and as soon as such lease
sale. or consolidation shall have been mad
the company hereby incorporated shall b
invested with and be entitled to have
maintain. and operate all the works, pro
perty, franchises. rights, privileges. am
immunities of every kind of each and an.
of the companies with which such sale
consolidation may be effected, and III or
der 10 carry out terms, OF any such cons0il
datiOn purchase, or lease rs IL herelnDe
fore authorized this company may issue 1t
stock aud bonds and use tho saIno III pay
ment for the works, property, franchises
rights, privileges. and immunlties SO to b
acquired, and the company hereby lncol
uorated NAV acquire the stocks and bond
Of any such other company o. IL specific
in this section. But all the powers, fran
chses, and privileges acquired under au
thority granted III this section are To be
all times subject to such conditions, rt
strictions, and limitations az the said elite
or counties respectively. or the said james
River Bridge Company, have heretofor
imposed upon any such street-railwa
company or any such company or assoca
ton formed or incorporated for the pul
pose of manufacturing or furnishing eleC
tricity. or NAV hereafter impose under an
power reserved by such city or county, {
by said James-River Bridge Company r.
spectiyely, or may hereafter see tit TO In
pose rs to any additional privileges her
after granted or rs to any renewals OF tn
present privileges when the same may laps
or terminate.
CITY RAILWAY COMPANY.
G. The Richmond Railway and Electrl
Company shall not have any power
lease. purchase, control. or own the Ricl
mond City Railway Company except upo
the condition that by reason of such owl
ership, control, purchase, or lease the pov
er granted to the said Richmond City Raj
way Company by the fifth section of a
act entitled "an act to enlarge the power
of the Richmond City Railway Company
approved March /, 1888. 70 lease or pu
chase the exclusive or joint right OF wa
over or interest in the road beds, rails. an
, franchises of any railroad, railway con
, pany, or company for the quick transit {
persons or persons and frelght, snail ther
upon cease and determine. Sucn OWne
shin. lease. or purchase of the said Rlcl
mond City Railway Company shall be
, declaration of surrender OF the poW'
aforesaid. ANY lease, purchase, owne
ship, or control by the Richmond Rallwa
and Electric Company of the Richmon
CITY Railway Company by or through u
, Richmond Union Passenger-Railway Con
panv. shall be deemed and considered Il
the purposes and restrictions of this so
, ton to be the ownership, lease, purchas
or control Of the said Richmond Kailwa
and Electric Company.
UNION PAssENGER-RAILwAY.
7. The Richmond Railway aud Electr
Company shall not have power TO leas
purchase, control, or own the Richmor
Union Passenger Railway Company excel
upon the condition, that by reason of SUE
ownership, control. purchase, or lease, Il
power granted said Richmond Union Pa
senger-Railway Company by the four'
section of an act entitled an act 10 81
large the powers Of the Richmond Unic
> Passenger-Railway Company" approve
March 81. 1857. to acquire and own.
lease or purchase, or otherwise, any sire
: railway, aud the property and franchls
! thereof. and 10 acquire and consolida
, said railway or railways with their rallwt
, company, shall thereupon cease and dete
mine. Such ownership. lease. or purcha
of the said Richmond Union Passenge
, Railway Company shall be declaration
!, surrender Of the power aforesaid. Al
lease. purchase, ownership, or control }
the Richmond Railway and Electric Con
pany, of the Richmond Union Passenge
RAILWAY Company. by or through the Ric
: mond City Railway Company, shall
,, deemed and considered for the purpos
, ard restrictions of this section TO be u