Chap. 191.—An ACT to Incorporate the Northern Neck Stock Association.
Approved July 8, 1870.

1. Be it enacted by the general assembly of Virginia, That
Thomas Brown, Robert M. Mayo, Henry A. Tayloe, Samuel
R. Jackson, George F. Brown, John Murphy, and such other
persons as may be hereafter associated with them, shall be and
they are hereby incorporated and madea body politic and cor-
porate, under the name and style of The Northern Neck Stock
Association, for the purpose of breeding, rearing, developing,
and disseminating improved stock in the Northern Neck of
Virginia; and are hereby invested with all the privileges and
powers conferred on such bodies politic and corporate, and
subject to all the restrictions and limitations contained in the
Code of Virginia in relation to joint stock companies.

2. Thomas Brown, Robert M. Mayo, Henry A. Tayloe, Sam-
uel R. Jackson, George F. Brown, and John Murphy are
hereby appointed commissioners, any three of whom may act,
to open books of subscription for the capital stock of said as-
sociation at such times and places as they may designate.

3. The capital stock of said association shall not be less than
two thousand dollars nor more than three hundred thousand
dollars, to be divided into shares of twenty dollars each; and
the said association shall have the right to purchase and hold
land not exceeding one thousand acres at any one time.

4, That the said association be and the same is hereby au-
thorized to borrow money, not exceeding five thousand dol-
lars at one time, on the security of its property, at such rate
of interest as may be agreed upon.

5. This act shall be in force from its passage, and shall be
subject to any amendment, alteration, or modification at the
pleasure of the general assembly.