Chap. 192.—An ACT to Incorporate the Montpelier Humane Associa-
tion of Orange County, Virginia.

Approved April 15, 1874.

Whereas many good citizens are anxious to contribute, by
gift, loan, subscription, or otherwise, to the establishment
and maintenance of an asylum for the old, infirm, and desti-
tute ladies of Virginia; and whereas no more suitable place
could be selected for this purpose than Montpelier, the home
and burial-place of President Madison; therefore,

1. Be it enacted by the general assembly of Virginia, That
G. J. Browning, Thomas G. Popham, and C. T. Smith, and
such other persons as they may associate with them, not to
exceed eight in number, their successors and assigns, be, and
they are hereby created a corporation, by the name of the
Montpelier Female Humane Association, and by said corpo-
rate name are hereby given all the rights, privileges, and
powers of bodies corporate, for the uses and purposes herein
set forth. . "

2. The said corporation may acquire by purchase, and hold
the said Montpelier estate, estimated to contain about eleven
hnndred acres, for the purpose hereinbefore mentioned: pro-
Power tosefi vided, that said corporation may not be compelled to hold

Part thereof —_ more than sixty. acres of said land, with the buildings thereon,
and they are hereby authorized to sell or otherwise dispose

Rulesandby- Of the remainder. The said corporation may make such

ai rules, regulations, and by-laws for their government as are
not in conflict with the provisions of this act.

Trusteesfor 3. The property and affairs of said corporation shall be
proper hoe, under the control and management of eight trustees, six of
appointed whom shall be appointed by the trustees, and two by the

First trustees governor of Virginia. The corporators named in this act,
and any other persons they may associate with them, shall
be the trustees from and after the passage of this act, and

Vacancies; how until their successors are chosen; a vacancy in the board of

supplied trustees, caused by resignation, death, or otherwise, shall be
filled by the other trustees, or a majority of them, in such

Quorum for bu- Manner as they may determine. Five trustees shall consti-

ainites tute a quorum for the transaction of business. The biennial

Notice tobe choosing of six trustees by the stockholders shall be upon

efor chutes of BOtice published in one or more of the papers published in
trustes = Richmond city or Alexandria city, for at least ten days next
preceding the meeting of the stockholders for that purpose.

Where meeting [he meeting of the stockholders to choose trustees shall be

tobeheld held at the office of the company, which shall be located
either in Richmond or Alexandria; and at such meeting the
six trustees selected by a majority of the stockholders present
shall serve for the time elected, and until their successors are
chosen. ,

President, vie 4. The trustees shall elect a president, vice-president, sec-
pwadinc retary, and treasurer. The secretary and treasurer shall
surer; how hold their office at the will of the trustees, and may be re-
elected ; the ; ‘ i

term of office quired to give such security as may be deemed necessary for

Security maybe the faithful performance of their duties.
req

Capital . 5. The capital stock of said corporation shall not be leas
than one hundréd and fifty thousand dollars, to be divided
into sbares of,ten dollars each: provided, that the capital
stock may from time to time be increased to an amount from
which the interest on the investment of the principal shall
be sufficient to carry out the benevolent intentions of the
Stock; how au- Corporation. The stock shall be evidenced by such stock-
thenticated and hooks, certificates of issue, and transfers, as the trustees may
When company Getermine by the by-laws. When one hundred shares are
may commence subscribed for, the trustees, or a majority of them, may or-
perations ° . ° °
Property not ganize and begin operations: provided, that the property to
exempt from be held and owned by the said company shall not be exempt
from any tax imposed by the laws of the state on other prop-
erty of similar character, nor shall anything herein contained
be construed as exempting the said conipany from any license
tax required by the general law.

Giftsandloans 6. To improve the buildings and grounds for the purposes

as set forth, the said trustees are hereby authorized to accept
Musical and ifts and loans, and to issue stock, and to give musical and
dramatic tnter- dramatic entertainments in any city or town of the state;
and for this purpose the trustees are author
such agents and assistants as they may dee:
carry out the objects of incorporation.

7. This act shall be in force from its passag