Chap. 167.—An ACT to incorporate the Dan River Mining Company.
Approved February 19, 1886.

1. Be it enacted by the general assembly of Virginia, That
Thomas C. Anderson, William Pollard, James H. Howerton
and their associates, successors and assigns, are hereby created
and constituted a body politic and corporate, by the name and
style of the Dan River Mining company, and by that name
shall have successive existence for the period of fifty years,
may sue and be sued, contract and be contracted with, plead
and be impleaded, have 2 common seal and change the same
at pleasure, and shall have all the rights and privileges of a
corporation, and be subject to all the rules, regulations and re-
strictions imposed by the general laws of Virginia, in relation
to joint-stock companies, so far as they are applicable to, and
not inconsistent with the provisions of this act.

2. The objects of this corporation are to work, mine, explcre
and manufacture all kinds of ores, minerals, slates and chemi-
cals, and to prepare them for market, and to smelt, transport
and deal in the same and their products; also to buy, develope,
sell and deal in mineral properties.

3. The said corporation may acquire and hold real estate
and personal property to the amount of three millions of dol-
lars, which said amount is to represent the capital stock of the
company.

4. The said company shall have power to divide their stock
into such number of shares as may be deemed necessary or
expedient, and: may provide for the sale, transfer and exchange
thereof for money, work or property of any description, in
such manner from time to time as may be deemed conducive
to the interests of this corporation. -

5. The corporation shall have power to make by-laws for its
‘government, not inconsistent with the laws of this state or of
the United States, and may amend or repeal the same at pleas.
ure. It may levy and collect assessments, forfeit and sell de-
linquent shares, and declare and pay dividends.

6. The board of directors shall consist of five directors, one
of whom shall be a resident of the state of Virginia, and said
board shall have power to fill vacancies in their own body, and
shall continue in office until their successors are elected or ap-
pointed, and the company may vest in the board of directors
such powers as they may deem advisable for the interest of the
company.
7. The aforesaid Thomas C. Anderson, William Pollard and
James H. Howerton, are hereby designated and empowered to
manage the affairs of this corporation, as directors, until their
successors are elected or appointed; and that the general meet-
ings of stockholders in said company shall be called and held
in such manner and in such time as shall be prescribed by the
by-laws of the corporation. _

8. This act shall be subject to repeal or amendment at any
time by the general assembly, and all taxes, debts or demands
due or to become due by this company to the state of Virginia,
shall be paid in lawful currency of the United States, and not
in coupons.

gq This act shall be in force from its passage.