The times. [volume] (Richmond, Va.) 1890-1903, 1900-02-14
POWER TO CONSOLIDATE.

8 The company may acquire by PtA-
chase. lease or conveyance the properly,
capital Stock bonds, rights, privileges,
franchises and immunltieS or any inteisS ,
therein or part thereof OF any teleS la ~.
or telephone company organized unueL. -.
created by the laws OF this OF any otlse.
sState, and may make payments therelor
in it's own stock, bonds, money or prop
erty; and the said company may -uia,.e
and consolidate with any otner-te iepiiot
or telegraph company or companies. u .po,,
such terms as may be agreed on oetmeen
them; and power is HEREBY conferred On
such other telephone or telegraph 10, ioi ~
pany or companies to TRANSFER ~ Sdae
lease their property, rights, prlvlleses'
fra nchises and immunfties or any inter
est therein or part thereoI4to Tue Co!ii.
pany hereby incorporated, or 70 ulil.e
or consolidate with 1t upon sucn teiiuS
no NAV be agreed upon between them.
The company may dispose OF the "hole
cor any part of its property, however az
CURED, by sale, lease or. otherWlse, may
borrow money and may issue bonds, ana
NAV secure the payment OF the same Dy
mortgages or deed of trust upon the
whole or any part of its property, works.
rights, franchises and privileges:
4 This company is incorporated to carry
on a general telephone and telegraph bus
mess within the State of Virginia, and
through, into, within. and to ana from
all the various counties, cities, towns ana
or elsewhere in the States and Terrific
ries of the United States and the District
CAPITAL STOCK.
5.The capital stock of the company
shall be not less than ,S500,0O0 nor more
than S5OOO.0O divided into shares OF $500
each. It shall not be necessary to give
any notice OF the opening or DOORS OF
subscription to said stock, but the same
may be subscribed for a such times ana
in such manner as a majority of the cor
porators named in the first section OF this
act may determine. AS soon as the mini.
mum amount of the capital stock shalt
have been subscribed there shall pc a
meeting of the subscribers for the pur-
pose OF ORIGINATING the company ana
electinS president and board OF dlrec-
tors, with or without notice, as the SAID
board may determine. Subscriptions TO
the stock of this company may be payable
in money, property or in the capftal STOCK
or bonds of other telephone or Telegraph
companies upon such terms and condi-
tionS as may be agreed upon between thlS
company and the subscribers, or in such
other manner as is provided In Sectlon
las of the Code, as amended by suose-
quent acts of the Legislature OF virginia.
The capital stock of the company may
be increased from time to time IN man
ner following: The Board OF Directo tors
shall pass n resolution, declaring tnat
such increase is advisable, and calling
meeting OF the stockholders to take &C
ton thereon; and such meeting shall De
held upon ten days notice given person
ally or by mail, and such increase IN the
capital stock shall be authorized If two,
thirds in interest of the stockholders shall
vote in favor of such increase
THE OFFICERS.
6. The officers Of the company snail pc
a president, vice-president and a board
OF directors of not less than five directors
beside the president, and such other OIL
GERS as may be provided from time 10
time by bylaws of the company, or as
NAV be appointed by the board OF dtrec-
tors. The number Of directors may pc
changed by bylaws from time to Tune
as the board of directors may determine.
The board of directors are empowered 10
make bylaws and rules for the govern
ment of the corporation.
Z. The first meeting of the stockholders
for the organization of the company shall
be held as soon as convenient after the
minimum capital stock has been suo-
scribed, and notice of the time and place
thereof shall be given to the subscribers
BY publication in a newspaper, for such
time and in such manner as majority
of the corporators named In the Erse
section of this act may determine Inc
votes of stockholders may be cast IN per-
son or by proxy
g. The principal office of the company
shall be located in Richmond. va, ana
branch offices may be located at sucn
other places as the board of directors
may from time to time determine:
0. All taxes and debts que. or to become
due to the State of Virginia by this COM
pany shall be paid IN lawful money OF
the United States. and not In coupons.
10 All acts and parts of acts 1nconsls-
tent with the provisions hereof are hereby
repealed.
passage.