Chap. 25.—An ACT to incorporate the Wythe Canning and Manufac-
turing Company.

Approved January 27, 1888.

1. Be it enacted by the general assembly of Virginia, That
Samuel R. Sayers, C. B. Tienes, William H. Spiller, John
H. Fulton, Joseph W. Cardwell, H. A. Eppert, and J. H.
McGavock, or such of them as may accept the provisions of
this act, their associates and successors, are hereby consti-
tuted a body politic and corporate by the name of the Wythe
Canning and Manufacturing company, and as such may have
all the privileges, franchises, and immunities applicable to
corporations generally.

2. The capital stock of said company shall not be less than
five thousand dollars nor more than one hundred thousand
dollars, divided into shares of one hundred dollars each.

3. Said company shall have power to purchase, own, hold,
lease, sell, grant, transfer, convey, pledge, or otherwise con-
trol real and personal property, except that it shall only hold
80 much real estate as.is proper for the purposes for which it
was incorporated, and as security for debts, not to exceed ten
thousand acres at one time.

4. It shall have power to buy and sell lumber, saw, dress,
and manufacture the same into boards, plow-beams and han-
dles, axe-helves, staves, barrels, spokes, felloes, boxes, shingles,
buckets, and any and all articles made in whole or part of
wood, and may marigt and pell its products. It may cultivate

and use, buy and sell all and every kind of fruit and vegetable
and other products of the ground, pickle, preserve, dry, and
can the same; convert cabbage into sauerkraut; to make all
its cans, barrels, and other vessels and articles necessary to
its own purpose, and to sell the same and like goods to others.

5. It may issue its bonds and sell the same upon such
terms as the board of directors may prescribe, and may se-
cure said bonds by deeds of trust or mortgage on its prop-
erty, or any of its property, but no such deed or mortgage
shall be executed until and except the same is authorized by
a majority of the stockholders.

6. No stockholder shall be held liable or made responsible
for the debts or liabilities of said company in a sum beyond
a balance due from said stockholder to said company on
stock subscribed by said stockholder. .

7. The directors of said company shall be stockholders,
and they shall elect one of their number president; and at
each annual meeting the stockholders shall elect a board of
directors to consist of not less than five persdns. The direc-
tors so chosen shall elect their president and a secretary and
treasurer, which latter officer need not be a stockholder of
the company; and all other sub-agents and employees shall
be chosen by the board of directors. The directors, once
chosen, shall serve until their successors are elected, and they
may fill any vacancy occurring from death or otherwise.
For the purpose of organizing said company, the five persons
first named in this act shall constitute its first board of direc-
tors, any three of whom may act. They may receive sub-
scriptions to the capital stock at any time and place, without
advertising, and when the sum of five thousand dollars or
more is subscribed, they shall convene the stockholders and
organize said company, and certify such organization on the
books of the company.

8. The board of directors of said company may adopt all
such by-laws and regulations, not inconsistent with the laws
of the state of Virginia or of the United States, which they
may deem necessary or proper for the due and proper man-
agement of the business and affairs of the company.

9. The said company may locate its factory and establish
its chief office at any point in the county of Wythe that it
may choose.

10. Said company shall have power to receive real and
personal property in payment of subscription to its stock at
a valuation to be agreed upon by the subscriber and the
stockholders in a general méeting or a meeting called for the
purpose, and in all meetings of stockholders, a majority of
the stock shall constitute a quorum, and the powers herein
of the stockholders specified, may be delegated by them to
the board of directors.

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