Chap. 194.—An ACT to incorporate the Virginia Guano Company.

Passed March 3, 1866.

1. Be it enacted by the general assembly of Vi irginia, That
S. C. Robinson, F. G. Ruttin, Jacob S. Shriver, Charles E.
Whitlock and David Jordan, and such other persons as they
may associate with them, and their successors, are hereby
created a body politic and corporate, under the name and
style of The Virginia Guano Company; and by that name,
may sue and be sued, contract and he contracted with, plead
and be impleaded in all courts and places; have a common
seal, and change the same at pleasure; may make all necessary
by- laws and regulations for the government of said company,
not inconsistent with the constitution and, laws of the state
of Virginia and the United States.

2. That the said company shall have authority to appoint
one or more of its members, or other person or persons, to
manage, control and direct the business of said company,
according to the by-laws, rules or reculations which may from
time to time be adopted by the said company for its govern-
ment and for the transaction of its business, and shall have
all the rights and privileges conferred, and be subject to all
the rules, restrictions and regulations prescribed by the fifty-
sixth and fitty-seventh chapters of the Code of Virginia, and
the laws amendatory thereof, so tir as not Inconsistent with
the provisions hereof.

3. The capital of said company shall be fifty thousand
dollars, with power to increase from time to time to two
millions of dollars, to be divided in shares of one hundred
dollars each; which may be subscribed for and paid in, in
such manner as may be prescribed by said company in their
by-laws; and said shares may be transterred in such manner
as said company by its by-laws may direct.

4, Said company shall have power to buy guano and fer-
tilizers, and to sell the same to proprietors or tillers of the
soil on such time and terms as are legal, and the obligations
thus received by the said company for its goods shall be after
a form to be agreed upon between the vendor and yendee
which obligation, when acknowledged before a notary public
or justice of the peace, and recorded in the county or corpo-
ration in which the debtor resides, shall constitute 9 lien pon
the estate of the obligee, and shall be capable of being en-
forced and collected in the same manner as other equitable liens
or mortgages are enforced and collected; and when any such
written contract or obligation shall contain a provision for
the sale of the estate of the debtor, or any part thereof, in
default of payment, the same shall be sold. in the manner
therein provided; and if no trustee be appointed or consti-
tuted for executing the trust, the sale shall be made by the
sheriff of the county in the manner sales are provided to be
made by trustees by the sixth section of chapter one hundred
and seventéen of the Code of Virginia.

D). This act shall be in force from its passage.

*

Chap. 194.—An ACT to incorporate the Virginia Guano Company.

Passed March 3, 1866.

1. Be it enacted by the general assembly of Vi irginia, That
S. C. Robinson, F. G. Ruttin, Jacob S. Shriver, Charles E.
Whitlock and David Jordan, and such other persons as they
may associate with them, and their successors, are hereby
created a body politic and corporate, under the name and
style of The Virginia Guano Company; and by that name,
may sue and be sued, contract and he contracted with, plead
and be impleaded in all courts and places; have a common
seal, and change the same at pleasure; may make all necessary
by- laws and regulations for the government of said company,
not inconsistent with the constitution and, laws of the state
of Virginia and the United States.

2. That the said company shall have authority to appoint
one or more of its members, or other person or persons, to
manage, control and direct the business of said company,
according to the by-laws, rules or reculations which may from
time to time be adopted by the said company for its govern-
ment and for the transaction of its business, and shall have
all the rights and privileges conferred, and be subject to all
the rules, restrictions and regulations prescribed by the fifty-
sixth and fitty-seventh chapters of the Code of Virginia, and
the laws amendatory thereof, so tir as not Inconsistent with
the provisions hereof.

3. The capital of said company shall be fifty thousand
dollars, with power to increase from time to time to two
millions of dollars, to be divided in shares of one hundred
dollars each; which may be subscribed for and paid in, in
such manner as may be prescribed by said company in their
by-laws; and said shares may be transterred in such manner
as said company by its by-laws may direct.

4, Said company shall have power to buy guano and fer-
tilizers, and to sell the same to proprietors or tillers of the
soil on such time and terms as are legal, and the obligations
thus received by the said company for its goods shall be after
a form to be agreed upon between the vendor and yendee
which obligation, when acknowledged before a notary public
or justice of the peace, and recorded in the county or corpo-
ration in which the debtor resides, shall constitute 9 lien pon
the estate of the obligee, and shall be capable of being en-
forced and collected in the same manner as other equitable liens
or mortgages are enforced and collected; and when any such
written contract or obligation shall contain a provision for
the sale of the estate of the debtor, or any part thereof, in
default of payment, the same shall be sold. in the manner
therein provided; and if no trustee be appointed or consti-
tuted for executing the trust, the sale shall be made by the
sheriff of the county in the manner sales are provided to be
made by trustees by the sixth section of chapter one hundred
and seventéen of the Code of Virginia.

D). This act shall be in force from its passage.

*