Chap. 110.—An ACT to incOrporate the Preacher’s Home Asso-
‘ciation of the Virginia Annual Conference Methodist Episcopal

Church South.
Approved February 12, 1886.

1. Be it enacted by the general assembly of Virginia, That
John Lamb of Charles City county, Virginia, F. H. Smith of
the University of Virginia, John P. Pettyjohn, Cornelius Chris-
tian, C. V. Winfree, J. L. Thompson and W. L. Rohr, of
Lynchburg, Virginia, Joel W. Flood of Appomattox county,
Virginia, W. W. Berry of Liberty, Virginia, James E. School-
field of Danville, Virginia, R. S. Paulett of Farmville, Vir-
ginia, R. H. Harrison of Petersburg, Virginia, W. J. Kilby of
Suffolk, Virginia, J. L. Roper of Norfolk, Virginia, Littleton
Cockerell of Northumberland county, Virginia, and A. G.
Kelley, of Accomac countv, Virginia, together with such other
persons as may be hereafter associated with them, and their
successors, be and they hereby are constituted a body politic
and corporate, under the name and style of the Preacher’s
Home Association of the Virginia Annual Conference Metho-
dist Episcopal Church South, and by that name may hold

roperty, real and personal, to an amount not exceeding one
hundred thousand dollars, and may sue and be sued, and may
have a corporate seal; the object of said corporation being to
provide homes and sustenance for needy superannuated minis-
ters of the Virginia Annual Conference, and -their families.

2. That the said corporation shall have power’ to receive
subscriptions in land, money or other things, and may receive
donations by will or otherwise for the purposes of said corpo-
ration, and invest or otherwise dispose of and use the same for
the prosecution of the object of said corporation.

3. The annual meeting of the said corporation shall be held
in the city of Lynchburg, in the state of Virginia, at such times
as the directors of said corporation shall determine, but called
meetings of said directors may be held at such other places as
may be desired.
4. Until otherwise ordered by the corporation the officers
shall be a president, vice-president, Secretary and treasurer,
the two last offices may be filled by one person. Each of these
officers shall be elected from the directors of this corporation
resident in the city of Lynchburg.

5. The said corporation shall have the right to purchase and
hold real estate not exceeding in value the sum of fifty thou-
sand dollars, anywhere in the state of Virginia, for the purpose
of providing homes for the necessitous superannuated ministers
of the Virginia annual conference of the Methodist Episcopal
church south, or the necessitous families of ministers who have
died in the Methodist itinerancy in connection with said confer-
ence. The said corporation may take out insurance on such
real estate, may mortgage or sell it, and may do all other acts
pertaining to the ownership of such real estate or for the bene-
fit of its beneficiaries,

6. The said corporation shall have power to make such by-
laws and rules and regulations for its government, and the
management and disposition of its funds as from time to time
may be deemed proper.

7. The said corporation shall not have less than eight nor
more than sixteen directors, which directors shall hold until
their successors are appointed and enter on the duties of their
office.

- 8. The said directors shall be appointed every four years by
the presiding bishop of th® Virginia conference of the Metho-
dist Episcopal church south, on the nomination of the presid-
ing elders. There shall be one director from each presiding
elder’s district, except the Lynchburg district, which shall have
seven. : They shall serve for four years, unless removed for
cause.

9. The said corporation shall keep a record of its proceed-
ings, and all moneys received and how disposed of, which
shall at all times be subject to the inspection of the Virginia
conference. |

10. In case of the dissolution of the association, the property
and funds. belonging to it shall pass to three trustees, appointed

by the Virginia annual conference of the Methodist Episcopal

church south, and by them be invested for the use and benefit
of the necessitous superannuated or worn out ministers (mem-
bers) of said conference, and the necessitous widows and chil-
dren of those ministers (members) of said conference who have
died in the regular itinerant ministry.

11. That the property, both real and personal, held by this
corporation for the objects provided for by its charter, shall be
free from all county, municipal, and state taxation and levies.