Chap. 11.—An ACT to incorporate the Powhatan Land, Lumber and
Construction Company.

Approved March 29, 1882.

1. Be it enacted by the general assembly of Virginia, That
Clarence E. Knight, William G. Sheen, Clinton Roosevelt,
Frederick Mills, and J. M. Bailey, and their associates and
successors, or a majority of them, are hereby created and
constituted a body politic and corporate, by the name of the
Powhatan Land, Lumber and Construction Company, for the
purpose of buying, owning. possessing, and selling land in
the counties of Brunswick, Greensville, Isle of Wight, Lunen-
burg, Mecklenburg, Southampton, Surry, and Sussex, not
exceeding twenty thousand acres in any one county, and for
the purpose of carrying on the business of constructing and
equipping railroads and tramways, and of building canals
and turnpikes for individuals or corporations, chartered by
this state, and for the purpose of manufacturing and dealing
in wood, lumber, ores, produce, and merchandise; and by
that name and style shall have perpetual succession; may
contract and be contracted with, sue and he sued, plead and
be impleaded, in all courts and places; have a common seal,
which it may alter or change at pleasure; and be subject to
the rules, regulations, and restrictions imposed by the Code
of Virginia in relation to joint stock companies, so far as
they are applicable to, and not inconsistent with the provi-
sions of this act.

2. The capital stock of said company shall be fifty thou-
sand dollars, divided into shares of one hundred dollars each,
and that said capital may be increased to five hundred thou-
sand dollars by the stockholders, at any meeting called for
that purpose.

3. That the said company is hereby authorized to subscribe
to and hold stock in any railroad or other incorporated com-

any.

P : That the company shall have authority to make, from time
to time, such by-laws and regulations as it may deem negessary
for the managenient of its affairs; may fix the number of its
directors, elect a president and other necessary officers, and
may hold its annual meetings in the city of Richmond or
elsewhere, in this state, as a majority of the directors may
determine. In all meetings of the stockholders, each stock-
holder present, in person or by proxy, shall be entitled to one
vote for each share of stock held.

5. The individual liability of stockholders in this corpora-
tion for the debts of the company shall not extend further
than to such an amount as may be due and unpaid upon their
stock subscriptions severally.

6. The said company shall have the right to issue bonds
for the purpose of borrowing money. and to execute mort-
gages or deeds of trust upon their real and personal property
to secure the payment of same. The amount of said bonds
shall not at any time exceed the paid-up capital of this cor-
poration.

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

Chap. 11.—An ACT to incorporate the Powhatan Land, Lumber and
Construction Company.

Approved March 29, 1882.

1. Be it enacted by the general assembly of Virginia, That
Clarence E. Knight, William G. Sheen, Clinton Roosevelt,
Frederick Mills, and J. M. Bailey, and their associates and
successors, or a majority of them, are hereby created and
constituted a body politic and corporate, by the name of the
Powhatan Land, Lumber and Construction Company, for the
purpose of buying, owning. possessing, and selling land in
the counties of Brunswick, Greensville, Isle of Wight, Lunen-
burg, Mecklenburg, Southampton, Surry, and Sussex, not
exceeding twenty thousand acres in any one county, and for
the purpose of carrying on the business of constructing and
equipping railroads and tramways, and of building canals
and turnpikes for individuals or corporations, chartered by
this state, and for the purpose of manufacturing and dealing
in wood, lumber, ores, produce, and merchandise; and by
that name and style shall have perpetual succession; may
contract and be contracted with, sue and he sued, plead and
be impleaded, in all courts and places; have a common seal,
which it may alter or change at pleasure; and be subject to
the rules, regulations, and restrictions imposed by the Code
of Virginia in relation to joint stock companies, so far as
they are applicable to, and not inconsistent with the provi-
sions of this act.

2. The capital stock of said company shall be fifty thou-
sand dollars, divided into shares of one hundred dollars each,
and that said capital may be increased to five hundred thou-
sand dollars by the stockholders, at any meeting called for
that purpose.

3. That the said company is hereby authorized to subscribe
to and hold stock in any railroad or other incorporated com-

any.

P : That the company shall have authority to make, from time
to time, such by-laws and regulations as it may deem negessary
for the managenient of its affairs; may fix the number of its
directors, elect a president and other necessary officers, and
may hold its annual meetings in the city of Richmond or
elsewhere, in this state, as a majority of the directors may
determine. In all meetings of the stockholders, each stock-
holder present, in person or by proxy, shall be entitled to one
vote for each share of stock held.

5. The individual liability of stockholders in this corpora-
tion for the debts of the company shall not extend further
than to such an amount as may be due and unpaid upon their
stock subscriptions severally.

6. The said company shall have the right to issue bonds
for the purpose of borrowing money. and to execute mort-
gages or deeds of trust upon their real and personal property
to secure the payment of same. The amount of said bonds
shall not at any time exceed the paid-up capital of this cor-
poration.

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