Chap. 264.—An ACT to incorporate the Russell and Wise Iron and Mining
Company.

' Passed February 28, 1867.

1. Be it enacted by the general assembly, That Charles A.
Smith, Dale Carter, and such other persons as they shall as-
sociate with them, and their successors, are hereby constituted
a body politic and corporate, by the name and style of The
Russell and Wise Iron and Mining Company, for the purpose
of manufacturing iron and mining for all sorts of minerals in
the counties of Russell and Wise, in the state of Virginia,
and selling and transporting the products of their said manu-
facturing and mining operations; and by that name and style
to have and to hold all and every description of machinery
and other property necessary to the successful prosecution of
their said manufactory and mining, and to borrow money and
secure the same; to contract and be contracted with; to have
perpetual succession; may sue and be sued; implead and be
impleaded; and have all the rights and privileges conferred,
and be sabject to all the rules, regulations and restrictions
imposed by the Code of Virginia, so far as not inconsistent
with this act.

29 The capital stock of the said company shall not be less
than one hundred thousand dollars nor more than four hun-
dred thousand dollars, to be divided into shares of one hun-
dred dollars each. The capital of the said company may be
subscribed in money, or land at cash valuation, and may be
increased from time to time to said maximum limit by the
directors of the ,said company. Lands subscribed may be
disposed of by said company, from time to time, as they
deem best.

38. Said company shall have power to appoint its directors
and all other officers, and to make such by-laws and regula-
tions, from time to time, as it ; may deem proper for the man-
izement of its affairs.
4. Said company may organize whenever fifty thousand’
dollars worth of stock is subscribed.

d. This act shall be in force from its passage, and be sub-
ject to modification, amendment or repeal by the general as-
sembly.