Chap. 144.—An ACT to incorporate the Boston and Virginia Soapstone
Company.

In force June 18, 1870.

1. Be it enacted by the general assembly of the state of Vir-
ginia, That S. 8. Clayton and J. le. Clayton, of the city of Bal-
timore; Chas. W. Cooke and C. H. Tompkins, of the state of
Rhode Island; and Rt. 8S. Reid, of the state of Virginia, their
associates, successors, and assigna, are hereby created and con-
stituted a body politic and corporate by the name, style, and
title of The Boston and Virginia Soapstone Company, for the
purpose of working, mining, quarrying, and selling of soap-
stone, and by that name may sue and he sued, plead and be
impleaded, appear, prosecute, and defend in any court of law
or equity in all suits or actions; may have a common seal and
alter the same at pleasure, and may enjoy all the privileges and
powers incident’ to mining and manufacturing corporations.
That the capital stock of said corporation shall not exceed five
handred thousand dollars; the corporators may divide such
capital ‘stock into such number of shares as they may decide;
they may purchase and hold real estate in this state, not to ex-
ceed five hundred acres; may pay for the same with their
shares of capital stock, and they shall be considered as full
paid shares. .

2. Be it further enacted, That it shall be lawful for the af-
fairs of said corporation to be managed by three or more di-
rectors, not to exceed seven, who shall be chosen annually ;
they shall have power to fill vacancies in their own body; shall
continue in office until others are elected or appointed in their
stead, and shall exercise all such powers as by this act are
granted and conferred.

8. Be it turther enacted, That the said S. S. Clayton, J. K.
Clayton, C. W. Cooke, C. H. Tompkins, and R. S. Reid, or a
majority of them, shall meet and organize by choosing from
their own number a president and vice-president, appoint a sec-
retary and other servants and agents, make such by-laws, as for
the time being they may deem expedient, not inconsistent with
the laws of this state or the United States, and manage the af-
fairs of the corporation as directors until others are appointed
in their stead.

4. Be it further enacted, That the said corporation shall ex-
ist for fifty years, and shall be subject to the general laws of
the state of Virginia concerning mining and mannfacturing
companies; and that nothing in this act shall be so construe
as to confer any banking privileges; and that this act shall be
in force from the time of its passage.