Chap. 93.—An ACT to Change the Name of the Union Lead-Mine
Company and Reincorporate the same under the Name and Style of
the Wythe Lead and Zinc-Mine Company.

Approved March 12, 1874.

W hereas by an act of the general assembly, passed March
ighth, eighteen hundred and sixty, William Y. C. White,
Robert Raper, David Graham, and others, were made a body
yolitic and corporate, under the name and style of the Union
uead-Mine Company, at Austinville, in the county of Wythe,
or the purpose of mining for and manufacturing lead and
jhot; and whereas the said company is the owner in fee sim-
le of a tract of land in Wythe county estimated to contain
-ighteen hundred and forty-six acres, on which is a valuable
ead and zinc mine; and whereas said company is desirous of
ncreasing its operations in the mining of lead and zinc, and
the manufacture of the same in its various forms upon a
more extended and profitable scale—

1. Be it enacted therefore by the general assembly, That
W. Y.C. White, Robert Raper, A. N. Chaffin, Hannah Saun-
Jers, D. P. Graham, John W. Robinson, J. W. McGavock,
Ann E. Pope, Milton White, Addison White, Newton K.
White, James R. Miller, H. J. Mathews, E. Duncan, M. A.
Parkin, E. Chaffin, D. P. Graham (trustee for Mary B. Ma-
thews), J. H. Gibboney, W. J. and J. C. Raper, Alexander S.
Mathews, L. P. Miller, W. C. Auman, Vic. M. Miller, Ellehue
C. Humes, Ellen Tuttle, Thomas W. White, Ellen Vernor, J.
P. M. Sanders, R. W. Sanders, W. Y. C. Humes, William P.
Mathews, Charles Noel, Mary F. Noel, Rosalie Humes, Frank
Humes, Susan P. White, Preston White, J. G. Ogden, A. R.
Humes, James L. White, E. M. Campbell, William White, D.
C. Cummings, G. W. Lampkin, Elliott B. Parkin, Joseph T.
Parkin, Emily J. Parkin, and Mary A. Tomlin be, and they
are hereby incorporated and made a body politic and cor-

rate, under the name and'‘style of the Wythe Lead and

inc-Mine Company, at Austinville, in the county of Wythe,
for the purpose of mining for and manufacturing lead and
zinc in their various forms; and the said Wythe Lead and
Zine-Mine Company is hereby invested with all the rights,
privileges, and powers conferred on such bodies politic and
corporate by the statute laws of Virginia, and shall be sub-
ject to all the rules, regulations, and restrictions provided

y said laws, so far as they are applicable to and not incon-
sistent with the powers and privileges herein contained and

nted. ,
8°. And whereas the stockholders ot the Wythe Lead and
Zinc-Mine Company were the stockholders in the Union
Lead-Mine Company, it is therefore further enacted that the
title to all the lands and property, together with all the fran-
chises, fixtures, and appurtenances thereto belonging, of
whatever kind or description, which now stands or 1s owned
in the name of the Union Lead-Mine Company, is hereby
conveyed, transferred, vested, and confirmed in the Wythe
Lead and Zin¢-Mine Company, as fully and completely as the
same could have been done by grant or other Te al convey-
ance; and the said Wythe Lead and Zinc-Mine Company is
hereby substituted to all the rights, powers, privileges, and
subject to all the contracts, liabilities, and encumbrances now
appertaining to or existing upon the said Union Lead-Mine
Company; and the said Wythe Lead and Zinc-Mine Com-

_ pany shall have power to acquire and hold real estate not

ld excecding fifty thousand acres in addition to that transferred
to it by this charter.

3. That the capital stock of the said Wythe Lead and
Zinc-Mine Company shall be four hundred thousand dollars,
to be divided into shares of twenty dollars each.

2 4. No member of the said company shall subscribe a
greater number of shares to the stock aforesaid than the
value of his interest in the property will authorize, estimating
the whole value of said property at four hundred thousand
dollars.

xk 5. Shares of stock shall be deemed real estate, and as such

~ shall pass to the heirs or devisees, or be conveyed as such to
a purchaser, except in cases where it shall appear, upon sub-
scription of the stock, that the stockholder’s part in the
before-named capital shall be a fraction under one-half of a
share, then that fractional part shall be paid to him by the
said company; and in case where such stoekholder’s frac-
tional part is over one-half such share, then he shall pay
such an amount as will make a whole share; such parts, io
order to equalize shares, shall pass by transfer on the books
of the company.

a 6. For managing the affairs of said company, there shall
be chosen annually, from and by the stockholders of said
company, a president and four directors; and a majority of

¢- the directors shall constitute a board for the transaction of
business. .

x. 7. On the election of president and directors, and in the

et- transaction of all other business in the meetings of the stock-
holders, each stockholder shall be entitled to one vote for
each share of stock owned by them.

8. The president and directors shall have power to enact
such by-laws and regulations, not contrary to the laws of
the United States or of this state, as they may deem expe-

ing dient for the government of the company 5 and special meet-
ings of the board of directors may be called by the president
or by one of the directors.

on 9. Infants who are or may become owners of shares of
stock in said company, may be represented by their guardians
in all meetings of the stockholders of the said company, and
such guardian shall be entitled to vote upon the stock of his

be Ward; he shall account for dividends received in the same

‘by manner as for any other estate of his ward coming into his
hands.
10. The board of directors shall have power to equalize How shar
hares among such of the stockholders as are joint tenants, cvuslized
enants in common, or co-parceners, 80 as to prevent frac- nants, tex
ional shares. par eonere

11. In all meetings of the board of directors, each mem- votes ot :
yer shall have one vote. holders

12. The Wythe Lead and Zinc-Mine Company may organize when cot
t any time after the passage of this act; and such organiza- {0 organs
ion shall be sufficiently evidenced by the ratification of this tion evide
s-harter by a vote of a majority, in value, of the stockholders
»f the Union Lead-Mine Company, and by the election of a
»oard of directors, as hereinbefore provided.

13. This act shall be in force from the time of the organiza- Commence
ion of the Wythe Lead and Zinc-Mine Compan .

14. An act entitled an act incorporating the Union Lead- Repeal of
Mine Company, passed March the eighth, eighteen hundred chatterin
and sixty, is hereby repealed upon the organization of the Company
Wythe Lead and Zinc-Mine Company.