Chap. 182.—An ACT to incorporate the Laurel Hill, Norfolk County,
Horticultural Company.

Passed February 9, 1867.

1. Be it enacted by the general assembly of the state of
Virginia, That F. W. Lemosy, R. C. Ridgway, Jesse Baker,
and their associates and successors, or a majority of them,
are hereby created and constituted a body politic and corpo-
rate, by and under the name and style of The Laurel Hill,
Norfolk County, Horticultural Company; and as such, may
have perpetual succesgjon, for the purpose of developing
horticultural interests, by the cultivation of the vine and
fruits generally necessary for the making of wine.

2. And be it further enacted, That the said company may
contract and be contracted with, sue and be sued, plead and
be impleaded in all courts and places; shall have a seal, and
be invested with all the rights and privileges conferred, and
subject to all the regulations and restrictions imposed by the
Code of Virginia in relation to joint stock. companies, so far
as they are applicable to and not inconsistent with the pro-
visions of this act. | ,

3. And be it further enacted, That the capital stock of
said company shall not be less than twenty thousand dollars,
nor more than one hundred thousand dollars, to be divided
into shares of one hundred dollars each.

4. And be it further enacted, That the company shall have
power to make such by-laws, rules and regulations as may
be deemed necessary for the. government of its officers. The
by-laws may prescribe the number of and the manner in
which directors, officers and agents shall be appointed, and
may prescribe their several terms of service, and their pow-
ers, duties and compensation; and in all meetings the share-
holders, represented in person or by proxy, shall ‘be entitled
to one vote for each share so represented. The meetings of
this company may be held in the city of Portsmouth, or else-
where in the state of Virginia, as the board may direct.

o. And be it further enacted, That the said company may
purchase, lease or by any lawful means acquire and hold
estate, real or personal, and the same may use, lease, sell,
mortgage, transfer or convey, and make available their pro-
perty : provided, however, that the said company shall not,
at any one time, own real estate in the state of Virginia
exceeding two thousand acres.

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