Chap. 270.—An ACT to incorporate the Saint James Improvement
Company.

Passed March 1, 1866.

Whereas it is represented that an association would be
formed to purchase lands and introduce immigrants in the
state of Virginia, under an act of incorporation with pro-
visions adapted to that end; which being of common concern:
Therefore,

1. Be it enacted, That O. F. Bresee, James L. Apperson,

J. EE. Peyton, and their associates, who may purchase lands

as hereinafter prescribed, with the intent to avail themselves
of the provisions of this act. shall and may become a corpo-

rate body, under the name of The Saint James Improvement
Company; and as such, shall have continual succession; sue
and be sued; contract and be contracted with; and_ may
have and use a common seal. The corporation may acquire
and hold lands not exceeding ten thousand acres, and other
property necessary for the improvement of the same, with
power to sell and ‘Tease any of its lands, to improve the same
by building and farming, surveymg and laying out the same
in streets and lots as they deem best; to erect and conduct
corn, wheat and saw mills and other arills for the manufacture
of woollen, cotton and other fabrics and materials. The
corporation shall be deemed to be constituted so soon as the
said persons shall assemble in general meeting and organize
by causing the said lands pure hased by them to be conveyed
to the corporation, fixing its capital, dividing it in shares as
they may prescribe, ordaiming by-laws, so as the same be not
inconsistent with the Inws and constitution of the state, and
the appointment of a president and four directors.

2. To constitute said meeting and all general meetings,
there must be present those who can give a majority of all
the votes entitled to be given, according to the scale pre-
scribed in the tenth section of chapter fifty-seven of the
Code.

4. The eapital of the corporation shall not exceed the sum
of two millions of doliars, and the shares or certificates of
stock shall be deemed and considered personal property.

4. This act shall be in foree from its passage; subject,
however, to modification, amendment or repeal, at the plea-
sure of the general assembly.

Chap. 270.—An ACT to incorporate the Saint James Improvement
Company.

Passed March 1, 1866.

Whereas it is represented that an association would be
formed to purchase lands and introduce immigrants in the
state of Virginia, under an act of incorporation with pro-
visions adapted to that end; which being of common concern:
Therefore,

1. Be it enacted, That O. F. Bresee, James L. Apperson,

J. EE. Peyton, and their associates, who may purchase lands

as hereinafter prescribed, with the intent to avail themselves
of the provisions of this act. shall and may become a corpo-

rate body, under the name of The Saint James Improvement
Company; and as such, shall have continual succession; sue
and be sued; contract and be contracted with; and_ may
have and use a common seal. The corporation may acquire
and hold lands not exceeding ten thousand acres, and other
property necessary for the improvement of the same, with
power to sell and ‘Tease any of its lands, to improve the same
by building and farming, surveymg and laying out the same
in streets and lots as they deem best; to erect and conduct
corn, wheat and saw mills and other arills for the manufacture
of woollen, cotton and other fabrics and materials. The
corporation shall be deemed to be constituted so soon as the
said persons shall assemble in general meeting and organize
by causing the said lands pure hased by them to be conveyed
to the corporation, fixing its capital, dividing it in shares as
they may prescribe, ordaiming by-laws, so as the same be not
inconsistent with the Inws and constitution of the state, and
the appointment of a president and four directors.

2. To constitute said meeting and all general meetings,
there must be present those who can give a majority of all
the votes entitled to be given, according to the scale pre-
scribed in the tenth section of chapter fifty-seven of the
Code.

4. The eapital of the corporation shall not exceed the sum
of two millions of doliars, and the shares or certificates of
stock shall be deemed and considered personal property.

4. This act shall be in foree from its passage; subject,
however, to modification, amendment or repeal, at the plea-
sure of the general assembly.