Chap. 81.—An ACT to amend and re-enact secticn 2 of an act entitled an act to
incorporate the Ohio and Big Sandy Coal Company, approved February 22,
1890, as amended by an act approved February 29, 1890, so as to authorize the
increase or reduction of the capital stock of said company.

Approved January 18, 1902.

1. Be it enacted by the general assembly of Virginia, That section two
of an act entitled an act to incorporate the Ohio and Big Sandy Coal
Company, approved February twenty-second, eighteen hundred and
ninety, as amended by an act approved February twenty-ninth, eighteen
hundred and ninety-two, be amended and re-enacted so as to read as fol-
lows:

$2. The capital stock of said company shall not be less than ten thou-
sand dollars, and shall be divided into shares of one hundred dollars each,
and the amount of the same may be increased from time to time by the
board of directors, and such board may issue shares of stock and sell the
same at such price as may be fixed and agreed to by them. Subscriptions
to the said capital stock in the said company may be paid for in property,
money, or in the stock of other corporations at such prices as the board of
directors mav deem best, and said board is authorized to issue shares of
stock to represent enhanced value of its property: provided, that the
maximum amount of the capital stock of said company shall at no time
exceed six million dollars; the capital stock wssued may be reduced at any
time by the stockholders in general or special meeting tf a majority of
said stockholders authorize such reduction: provided, that such reduction
shall at no time reduce the capital stock of said company to an amount
less than one million dollars: and provided, that said reduction shall in
no way affect the rights of creditors existing at the date of such reduction.
2. This act shall be in force from its passage.