The Roanoke times. (Roanoke, Va.) 1897-1977, 1898-02-01
FOR A CONSOLIDATION.
continued from page 1

sumed by it in the contract of purchase;
and in order to carry out the terms or
any purchase as is herein authorized, or
any contract made or had incident
thereto, this company may issue its stock
and bonds. or either, and use the same,
or the proceeds from sale thereof, In
payment for the works, property, fran
chises, rights, privileges and immunities
so to lie required
5. The company hereby incorporated
may acquire and own real estate, not to
exceed one thousand acres, and ma. i'm
prove, utilize aud dispose of Same, rs TO
it NAV seem best; and it may acquire,
own and dispose of stocks and bonds, o.
either, in .any other railway, light or
power company or companies, and pay
for same with its own stock and oonds,or
cit her, or the proceeds from Sale thereon,
and by it's duly authorized attorney In
fact vote such acquired stock of any other
company at any meeting OK the STOCK
holders thereof
6. The company hereby incorporated
may issue notes and bonds, negotiable or
non. negotiable, and may sell the same.
aud may borrow money and issue such
notes and bonds, either In evidence of the
sum or sums borrowed; and 1t shall nave
power and authority to issue it's bonds..in
one or more series, bearing different rates
of interest, and upon different terms and
conditions, and may give one series OF
bonds priority over any other series; pro-
vded that such priority shall be fixed by
its board of directors at 'he time of issue.
1t shall have power and authority TO
lease, sell. dispose of, and convey all or
any palJ of it's property, of whatsoever
kind, including its franchises, and may
execute one or more mortgages or deeds
of trust. and thereby convey the whole or
any part of it's property owned at the
time, or thel eafter to be acquired by 1t,
whether real, personal or mixed, 1nclud-
ing its earnings, charter and franchises,
to secure either the principal sum or in
terest, or both, evidenced by any note or
notes, bond or bonds, or the coupons
thereto attached, issued by it.
/. The minimum capital stock of the
company hereby incorporated shall be one
hundred and eighty thousand dollars, and
the shares of stock evidencin" the same
shall be of the par value of one hundred
dollars each: provided, however, that the
shs reholders at any regular meeting, or
at meeting called for that purpose, by
vote of the owners and representatives
present of two thirds..of the then capital
stock, may increase the same to sum
not exceeding five hundred thousand dol
lars. The certificates evideDcing the cap.
ital stock of this company shall be trans
ferable on its books by the legal holders
thereof, their personal representatives. or
duly authorized agent or attorney; and
when so transferred new certificates OF
stock shall be issued in lieu thereof to
the person or persons entitled thereto
No stakeholder in the company hereby
created shall be held or made responsible
for its debts and liabilities in lal ger or
further sum than the amount of any un-
paid balance due to the said company for
stock subscribed by said stockholders.
8. The corporators hereinbefore name'i,
or as many Of them as may assemble after
five days notice in writing at the time
and place Of meeting given by any one of
them, may meet for the purpose of effect.
ing temporary organization, which tenn
pnrary organization when effected shall
continue in force, and perform all duties
and have all the power of n regular board,
and may fill vacancies therein until such
time as permanent organization may be
effected as hereinafter provided. A pres
ident, vice president, secretary and seven
directors, and such other officers as may
be deemed essential, shall constitute the
temporary organization aforesaid, and
may be persons other than tie incorpora-
tors.
8. The company hereby incorporated is
hereby given the power and authority to
issue it's minimum share capital of one
hundred and eighty thousand dollars, tor
such consideration and to such party or
parties as majority of its board of di.
rectors. elected at the meeting of the cor
porutors as provided by article eight OF