Chap. 248.—An ACT to incorporate the Tagus Mill and Mining
Company of Virginia.

Approved March 6, 1882.

1. Be it enacted by the general assembly, That Epbraim
Young, General H. G. Sickell, Ephraim ‘urland, J. J. A.
Powell, W. E. Camp, Nathan Middleton, Allen Middleton,

and such other persons as may associate with them, and
their successors, be und they are hereby created a body
politic and corporate, by the name, style, and title of The

agus Mill and Mining Company, and by that name and title
they may be known, and have perpetual succession, and be
capable of suing and being sued, plead and being impleaded,
and of receiving, using, holding, granting, and conveying
property—real, personal, and mixed—and of improving the
same by the erection of houses, mills, machinery, and so
forth, for the purpose of working minerals, ores, metals, and
timber, and for manufacturing purposes, and also to lease or
farm, let or dispose of in tee simple, of the whole or any part
of their property ; and also to build such bridges and dams,
and to construct such railways, tramways, and roads, not
exceeding fifty miles, as they may deem advisable, with the
privilege of connecting with any other railroads, for the
opening and developing of the county in which they may
now or hereafter own lands, and shall be subject to the
restrictions, and enjoy all the powers and privileges conferred
by any general or special laws of this commonwealth upon
railroad corporations: provided the said company shall at no
one time own more than six thousand acres of land.

2. The object of the said company shall be the working of
gold, iron, and other minerals and metals, and timber, and
for manufacturing, and the promotion and development of
the mineral and manufacturing resources of the James river
valley.

3. The capital stock of said company shall not be less than
one hundred thousand dollars, with the privilege of increas-
ing the same, from time to time, to two millions of dollars.
to be divided into shares of not less than, five dollars each.

4. The said company may purchase land and pay for the
same in stock, and there shall be no personal liability on the
stockholders of said company beyond the assets of the com-
pany: provided that within three months after the organi-
zation of the company, it shall own real estate and other
property to the amount of six thousand dollars.

5. The said company shall have power to issue bonds and
create mortgages upon any part or upon the whole of its
property at a rate of interest not exceeding the legal rate,
and may increase their resources from time to time by bor-
rowing money upon a pledge of its property or without
pledges. .

6. The said company shall have the right to fix the num-
ber of directors by its by-laws, one of whom shall be a
president, to be elected by a majority in interest of the
stockholders; and also elect a secretary and treasurer, and
may fix such compensation for each, as the majority of the
stockholders may agreeupon. The said directors and officers
shall hold their office for such time as may be provided by
the by-laws, and until their successors shall have been elected.
The directors shall be citizens of the United States, and the
principal office of said company, or place of business, shall

at Columbia, Fluvanna county, Virginia; and there may
be such branch offices at such points as may be designated
by the stockholders.

7. The said company shall be and are hereby authorized
to make all such laws and regulations to enable it to carry
out the objects and business of the corporation as it may
deem proper, and may alter and amend the same at pleasure :
provided the same be not in conflict with the constitution
and general laws of this state or of the United States. It
may fix and appoint or elect its own officers and agents, and
remove them at pleasure; may adopt a corporate seal, and
alter the same; may make and issue capital stock, and sell
the same, and fix the amount of shares and the par value of
the same, and issue certificates therefor representing the
value of its property, in such form and subject to such regu-
lations and interest as it may, from time to time, prescribe ;
and may do all such acts and things necessary to fully carry
out the privileges herein granted.

8. This act shall be in force from its passage.

Chap. 248.—An ACT to incorporate the Tagus Mill and Mining
Company of Virginia.

Approved March 6, 1882.

1. Be it enacted by the general assembly, That Epbraim
Young, General H. G. Sickell, Ephraim ‘urland, J. J. A.
Powell, W. E. Camp, Nathan Middleton, Allen Middleton,

and such other persons as may associate with them, and
their successors, be und they are hereby created a body
politic and corporate, by the name, style, and title of The

agus Mill and Mining Company, and by that name and title
they may be known, and have perpetual succession, and be
capable of suing and being sued, plead and being impleaded,
and of receiving, using, holding, granting, and conveying
property—real, personal, and mixed—and of improving the
same by the erection of houses, mills, machinery, and so
forth, for the purpose of working minerals, ores, metals, and
timber, and for manufacturing purposes, and also to lease or
farm, let or dispose of in tee simple, of the whole or any part
of their property ; and also to build such bridges and dams,
and to construct such railways, tramways, and roads, not
exceeding fifty miles, as they may deem advisable, with the
privilege of connecting with any other railroads, for the
opening and developing of the county in which they may
now or hereafter own lands, and shall be subject to the
restrictions, and enjoy all the powers and privileges conferred
by any general or special laws of this commonwealth upon
railroad corporations: provided the said company shall at no
one time own more than six thousand acres of land.

2. The object of the said company shall be the working of
gold, iron, and other minerals and metals, and timber, and
for manufacturing, and the promotion and development of
the mineral and manufacturing resources of the James river
valley.

3. The capital stock of said company shall not be less than
one hundred thousand dollars, with the privilege of increas-
ing the same, from time to time, to two millions of dollars.
to be divided into shares of not less than, five dollars each.

4. The said company may purchase land and pay for the
same in stock, and there shall be no personal liability on the
stockholders of said company beyond the assets of the com-
pany: provided that within three months after the organi-
zation of the company, it shall own real estate and other
property to the amount of six thousand dollars.

5. The said company shall have power to issue bonds and
create mortgages upon any part or upon the whole of its
property at a rate of interest not exceeding the legal rate,
and may increase their resources from time to time by bor-
rowing money upon a pledge of its property or without
pledges. .

6. The said company shall have the right to fix the num-
ber of directors by its by-laws, one of whom shall be a
president, to be elected by a majority in interest of the
stockholders; and also elect a secretary and treasurer, and
may fix such compensation for each, as the majority of the
stockholders may agreeupon. The said directors and officers
shall hold their office for such time as may be provided by
the by-laws, and until their successors shall have been elected.
The directors shall be citizens of the United States, and the
principal office of said company, or place of business, shall

at Columbia, Fluvanna county, Virginia; and there may
be such branch offices at such points as may be designated
by the stockholders.

7. The said company shall be and are hereby authorized
to make all such laws and regulations to enable it to carry
out the objects and business of the corporation as it may
deem proper, and may alter and amend the same at pleasure :
provided the same be not in conflict with the constitution
and general laws of this state or of the United States. It
may fix and appoint or elect its own officers and agents, and
remove them at pleasure; may adopt a corporate seal, and
alter the same; may make and issue capital stock, and sell
the same, and fix the amount of shares and the par value of
the same, and issue certificates therefor representing the
value of its property, in such form and subject to such regu-
lations and interest as it may, from time to time, prescribe ;
and may do all such acts and things necessary to fully carry
out the privileges herein granted.

8. This act shall be in force from its passage.