Chap. 185.—An ACT to incorporate the American Immigration and Land
Company.

Passed February 28, 1866, ~

1. Be it enacted by the general assembly, That Thomas G.
C. Davis, John B. Evans, Edward Dudley Ragland, John N.
Davis, Nathaniel F. Bowe, Lawrence R. Davis, William H.
Walker and Joseph J. White, and such other persons as
shall hereafter become associated with them, be and they are
created a body corporate and politic, by the name of The
American Immigration and Land Company; and by that
name, shall have succession tor a period of twenty years;
and may sue and be sued, plead and be impleaded in all
courts, by their corporate name; shall have a seal, and may
alter the same at pleasure.

2. The capital stock of said company shall not be less than
two hundred thousand dollars, and may be increased to any
amount not exceeding five millions of dollars, and shall be
used and employed for the encouragement of Immigration of
men and women from any one or more of the kingdoms and
states, or the dependencies of the kingdoms and states of
Kurope, into the states of Virginia, Tennessee, North Caro-
lina, South Carolina, Georgia, Alabama, Mississippi, Arkansas,
Florida, Louisiana and Texas, and their settlement in the last
named states; for supplying white men and women or immi-
grants with lands, in fee or for terms of years, upon such
terms, stipulations and conditions as shall mutually be agreed
upon by and between the said American immigration and
land company and immigrants who may come into the said
states, for the purpose of permanently residing or laboring
therein; and for the further purpose of supplying labor and
skill for the cultivation of the lands situate in the above
named states, and the improvement of the same.

3. Said company shall have power and authority to pur-
chase and hold lands, not exceeding twenty-five thousand
acres, at any one time in Virginia, and to grant, sell and con-
vey them in fee simple, or to demise them for terms of years,
within the states named in the second section of this act,
according to the laws of the states in which such lands may
be purchased and held, or granted, sold and conveyed by the
said company; and all grants and conveyances of lands,
which shall be made to said company, shall be held by them
in their corporate name; and all grants, bargains and sales
or other conveyances/of lands, which shall be made by said
company, shall be signed and sealed by their president, with
their corporate seal, and countersigned by their treasurer, and
when so signed and sealed and countersigned, shall be effec-
tual to pass the lands therein described, according to the legal
effect, true intent and meaning of all such conveyances, grants,
bargains and_sales. After the expiration of ten years from
the passage of this act, the said company shall not be allowed
to purchase or hold more than ten thousand acres, at any one
time, in any of the states mentioned in the second section.

4. The said company have power and authority to borrow
money, and to make and deliver, and to take and receive pro-
missory notes, bills of exchange, bonds, and such other in-
struments of writing as may be necessary and proper for the
fair, just and expeditious execution, enforcement and per-
formance of their powers, rights and duties.

5. The said company shall have power to act as agent or
attorney for the psoprietors of lands, in letting or demising
the same to tenants; and tenancies so created shall be valid
and effectual in law. )

6. The said company shall divide their stock into shares
of one hundred dollars each, and shall open books, for sub.
scriptions ‘thereto, at such times and places as they shall
designate for that purpose; and all persons who may become
stockholders in the said company shall ‘have the right to par-
ticipate in the management of the concerns thereof, by voting
at all elections, in person or by proxy, for the directory of
the came.

7. The corporators named in the first section of this act
shall constitute and be the first president and board of direc-
tors of the company, and shall manage and conduct the
business of the company until a president and a board of
directors shall be duly elected and qualified as president and
directors: and the president and directors shall have power
to appoint all such officers as shall be necessary and proper
for the management of the business of the company; and
may require them, before entering upon the discharge of
their official duties, to give bond with security, to be ap-
proved by them.

8. The first president and board of directors of the com-
pany shall transact and manage their business until the first
election of the company’s officers shall take place; which shall
be on the fourth day of July, Anno Domini eighteen hundred
and sixty-six, at a place to be named by the president and
directors of the company, and of which notice shall be given
and published daily, for at least twenty days before such
election, in such newspapers as the president may designate
for the purpose; and the company shall have power and
authority to make all such by-laws and regulations as shall
be deemed necessary and proper for the transaction and
manayement of their business; and the officers of the com-
pany “shall be annually elect ed on the fourth day of July,
each and every year alter the first election.

9. This act act shall take effect: and be in force from and
after its passage, and may be altered, amended, modified or
repealed, at the pleasure of the general assembly.

Chap. 185.—An ACT to incorporate the American Immigration and Land
Company.

Passed February 28, 1866, ~

1. Be it enacted by the general assembly, That Thomas G.
C. Davis, John B. Evans, Edward Dudley Ragland, John N.
Davis, Nathaniel F. Bowe, Lawrence R. Davis, William H.
Walker and Joseph J. White, and such other persons as
shall hereafter become associated with them, be and they are
created a body corporate and politic, by the name of The
American Immigration and Land Company; and by that
name, shall have succession tor a period of twenty years;
and may sue and be sued, plead and be impleaded in all
courts, by their corporate name; shall have a seal, and may
alter the same at pleasure.

2. The capital stock of said company shall not be less than
two hundred thousand dollars, and may be increased to any
amount not exceeding five millions of dollars, and shall be
used and employed for the encouragement of Immigration of
men and women from any one or more of the kingdoms and
states, or the dependencies of the kingdoms and states of
Kurope, into the states of Virginia, Tennessee, North Caro-
lina, South Carolina, Georgia, Alabama, Mississippi, Arkansas,
Florida, Louisiana and Texas, and their settlement in the last
named states; for supplying white men and women or immi-
grants with lands, in fee or for terms of years, upon such
terms, stipulations and conditions as shall mutually be agreed
upon by and between the said American immigration and
land company and immigrants who may come into the said
states, for the purpose of permanently residing or laboring
therein; and for the further purpose of supplying labor and
skill for the cultivation of the lands situate in the above
named states, and the improvement of the same.

3. Said company shall have power and authority to pur-
chase and hold lands, not exceeding twenty-five thousand
acres, at any one time in Virginia, and to grant, sell and con-
vey them in fee simple, or to demise them for terms of years,
within the states named in the second section of this act,
according to the laws of the states in which such lands may
be purchased and held, or granted, sold and conveyed by the
said company; and all grants and conveyances of lands,
which shall be made to said company, shall be held by them
in their corporate name; and all grants, bargains and sales
or other conveyances/of lands, which shall be made by said
company, shall be signed and sealed by their president, with
their corporate seal, and countersigned by their treasurer, and
when so signed and sealed and countersigned, shall be effec-
tual to pass the lands therein described, according to the legal
effect, true intent and meaning of all such conveyances, grants,
bargains and_sales. After the expiration of ten years from
the passage of this act, the said company shall not be allowed
to purchase or hold more than ten thousand acres, at any one
time, in any of the states mentioned in the second section.

4. The said company have power and authority to borrow
money, and to make and deliver, and to take and receive pro-
missory notes, bills of exchange, bonds, and such other in-
struments of writing as may be necessary and proper for the
fair, just and expeditious execution, enforcement and per-
formance of their powers, rights and duties.

5. The said company shall have power to act as agent or
attorney for the psoprietors of lands, in letting or demising
the same to tenants; and tenancies so created shall be valid
and effectual in law. )

6. The said company shall divide their stock into shares
of one hundred dollars each, and shall open books, for sub.
scriptions ‘thereto, at such times and places as they shall
designate for that purpose; and all persons who may become
stockholders in the said company shall ‘have the right to par-
ticipate in the management of the concerns thereof, by voting
at all elections, in person or by proxy, for the directory of
the came.

7. The corporators named in the first section of this act
shall constitute and be the first president and board of direc-
tors of the company, and shall manage and conduct the
business of the company until a president and a board of
directors shall be duly elected and qualified as president and
directors: and the president and directors shall have power
to appoint all such officers as shall be necessary and proper
for the management of the business of the company; and
may require them, before entering upon the discharge of
their official duties, to give bond with security, to be ap-
proved by them.

8. The first president and board of directors of the com-
pany shall transact and manage their business until the first
election of the company’s officers shall take place; which shall
be on the fourth day of July, Anno Domini eighteen hundred
and sixty-six, at a place to be named by the president and
directors of the company, and of which notice shall be given
and published daily, for at least twenty days before such
election, in such newspapers as the president may designate
for the purpose; and the company shall have power and
authority to make all such by-laws and regulations as shall
be deemed necessary and proper for the transaction and
manayement of their business; and the officers of the com-
pany “shall be annually elect ed on the fourth day of July,
each and every year alter the first election.

9. This act act shall take effect: and be in force from and
after its passage, and may be altered, amended, modified or
repealed, at the pleasure of the general assembly.