Chap. 299.—An ACT to incorporate the Virginia State Insurance Company.

Passed December 14, 1865.

1. Be it enacted by the general assembly of Virginia, That
James Alfred Jones, ellington Goddin, Thomas W.
McCance and Robert A. Lancaster, and such other persons
as may be hereafter associated with them, shall be and they
are hereby constituted and made a body politic and corporate,
by the name and style of Virginia State Insurance Company ;
and by that name and style, are invested with all the rights
and privileges conferred, and made subject to, all the rules,
regulations and restrictions imposed by the Code of Virginia,
applicable to such corporations, and not inconsistent with the
provisions of this act.

2. The capital stock of said corporation shall be not less
than one hundred thousand dollars nor more than one million
dollars, divided into shares of the par value of twenty-five
dollars each.

_ 3. The said company shall have power and authority to
make insurance against any damage or loss by fire, or by any
other liability, casualty or hazard, upon any and every kind
of property, real, personal or mixed; to guarantee the pay-
ment of promissory notes, bills of exchange, and other
evidences of debt.

4, The said company shall have power and authority to
Invest its capital stock or other funds of the company in
bank or other stocks, in the purchase of bonds of this or any
other state of the United States, and of bonds of any incor-
porated company; to lend moncy upon personal or mortgage
security.

5. The persons named in the first section shall be commis-
sloners to receive subscriptions to the capital stock of the
company, any two of whom may act.

6. This act shall be and continue in force from its passage,
and shall be subject to modification or repeal, at the pleasure
of the general assembly.

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Chap. 299.—An ACT to incorporate the Virginia State Insurance Company.

Passed December 14, 1865.

1. Be it enacted by the general assembly of Virginia, That
James Alfred Jones, ellington Goddin, Thomas W.
McCance and Robert A. Lancaster, and such other persons
as may be hereafter associated with them, shall be and they
are hereby constituted and made a body politic and corporate,
by the name and style of Virginia State Insurance Company ;
and by that name and style, are invested with all the rights
and privileges conferred, and made subject to, all the rules,
regulations and restrictions imposed by the Code of Virginia,
applicable to such corporations, and not inconsistent with the
provisions of this act.

2. The capital stock of said corporation shall be not less
than one hundred thousand dollars nor more than one million
dollars, divided into shares of the par value of twenty-five
dollars each.

_ 3. The said company shall have power and authority to
make insurance against any damage or loss by fire, or by any
other liability, casualty or hazard, upon any and every kind
of property, real, personal or mixed; to guarantee the pay-
ment of promissory notes, bills of exchange, and other
evidences of debt.

4, The said company shall have power and authority to
Invest its capital stock or other funds of the company in
bank or other stocks, in the purchase of bonds of this or any
other state of the United States, and of bonds of any incor-
porated company; to lend moncy upon personal or mortgage
security.

5. The persons named in the first section shall be commis-
sloners to receive subscriptions to the capital stock of the
company, any two of whom may act.

6. This act shall be and continue in force from its passage,
and shall be subject to modification or repeal, at the pleasure
of the general assembly.

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