Chap. 14.—An ACT to amend and re-enact section 62, chapter 57, Code
1873, in relation to chartered companies.

; Approved March 30, 1887.

1. Beit enacted by the general assembly of Virginia, That
section sixty-two, chapter fifty-seven, Code of eighteen hun-
dred and seventy-three, be amended and re-enacted so as to

ad as follows:

§62. The minimum capital of every such company, (ex-
cept a cemetery company, or a company whose object: is
purely benevolent, which may have only a nominal capital),
shall not be less than five hundred dollars, nor shall the maxi-
mum exceed twenty times the minimum capital, and the same
proportion shall be preserved for greater sums, and the said
capital stock shall be divided into shares of not less than ten
dollars each. And it shall be lawful for such company to call
for and demand from the stockholders, respectively, all sums
of money by them subscribed, at such time and in such pro-
portions as it shall deem proper, and may enforce payment
by all the remedies provided by law in respect to other in-
corporated companies. Each certificate of stock in any such
company, shall set forth truly the actuai capital of the com-
pany, the nominal value of each share of the stock, and the
amount actually paid on cach share by the holder of such
certificate. In every meeting of the stockholders of any
such company, each stockholder shall be entitled to cast one
vote for each share of stock held by bim in said company.

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