Chap. 201.—An ACT to incorporate the Danville Canal and Manufacturing
Company.

Passed February 16, 1867.

1. Be it enacted by the general assembly, That Thomas B.
Atkinson, William W. Keen, J. E. Pilson, David McKnight.
E. F. Keen, Clark, John W. Holland, John E. Hob.
son, William Robinson, George W. Reed, Leish, L
C. Edwards, John Gibson, Jos. Jones, J. C. Crigler, J.J
Hawkins, John A. Smith, C. G. Holland, J. M. Walker, T.
C. Williams, A. B. Chambers, T. J. Patrick, W.T. Sutherlin
T. R. cDearmgy, J. P. Hunnicutt, John R. Price, G, T
Pace, George abell, Thomas D. Neal, T. J. Talbutt, Wm

T. Rainey, and such of them who may choose to co-ope.
rate for the purposes of, and others who may associate with
them under this act, are hereby created and declared to be. a
body politic and corporate, by the name and style of The
Danville Canal and Manufacturing Company; and by that
name may sue and be sued, plead and be impleaded, ih all the
courts of Jaw and equity in this state or elsewhere, and have
perpetual succession; to have, make and use a common seal,
and the same to alter or renew at their pleasure; to ordain
and establish such by-laws, ordinances and regulations as
they may think wise, and generally to do every act and thin
necessary to carry this act into effect and to promote the
object of this corporation. .

2. The capital stock of said company shall be twenty thou-
sand dollars, in shares of one hundred dollars each, but may
be increased to five htndred thousand dollars, or less, in the
discretion of the stockholders; but the’ said company may
be organized whenever the sum of five thousand dollars has
been subscribed, under the provisions of this act. The said
company, for the purpose of obtaining water power to hold,
sell, lease or employ in manufacturing purposes, is authorized
to cut and open a canal from some point on and from the
waters of Dan river, within one mile west of the ferry known
as Wilson’s ferry, near the town of Danville, to some point
emptying into the said waters, within one mile of the Rich-
mond and Danville railroad bridge at Danville.
* 3. Said company: may engage in the manufacture of all
articles made of iron, in whole or in part; in the manufac-
ture of cotton or woollen fabrics; in the manufacture of
wood or earthen ware, and in the manufacture of tobacco;
such mantfactories to be carried on at -such points on said
canal as may be determined by the board of directors of the
stockholders in general meeting assembled. Said company
may also borrow money and give notes for the same, and
give liens on its works and property, or evidences of debt to
secure the same. . ‘ } |

4. The said company may receive lands, minerals, mines,
mining and manufacturing interests as subscriptions for said
stock, at value and terms as agreed upon by the board of
directors or stockholders in general meeting assembled, and
may, through their agents in the United States or in Europe,
sell the same in shares, and after the sale of such shares, make
assignment to one or more individuals by lot in a fair and
equitable manner. os | |

5. Said company is hereby authorized to acquire and hold
lands for their: practical operations, not exceeding five thou-
sand acres in the aggregate at any one time. Said company
shall be governed by the regulations prescribed by chapters
ifty-six and fifty-séven of the Code of Virginia, edition of
sighteen hundred and sixty, so far as the same are not incon-
sistent with the provisions of this act.

6. This act shall be in force from its passage, subject to
Iteration, modification or repeal, at the pleasure of the gene-
al assembly. ,