Chap. 332.—An ACT to Incorporate the Mount Pleasant Freestone Com-
pany.

Approved July 11, 1870.

1. Be it enacted by the general assembly of Virginia, That
J. Newton Harper, M. D. Corse, Wm. J. Armstong, J. D.
Adams, Geo. W. Linville, B. F. Sceva, George C. Wedder-
burn, M. Eldridge, Riley A. Shinn, James L. Barbour, F. A.
Reed, John P. Agnew, their associates and successors, be and
they are hereby incorporated and made a body politic, by the
name and style of The Mount Pleasant Freestone Company,
for the purpose of quarrying stone and slate, and manipula-
ting marl in the counties of Fairfax, Prince William, King
George, and Stafford. The principal office of the said company
to be in the city of Alexandria.

2. The said company, by its said corporate name, may sue
and be sued in the courts of this commonwealth and elsewhere;
shall have a common seal and perpetual succession; may or-
dain and establish such oe and regulations as may be ne-
cessary to promote the object and design of its incorporation,
not inconsistent with the laws of this state or the United
States, and may acquire, by lease or purchase within the said
counties, real estate, not exceeding five thousand acres.

3. In order to facilitate the transportation and shipment of

their stone, slate, marl, and other property, the said company
is authorized, within the said counties, to erect and maintain
all necessary wharves, and construct and operate one or more
tram roads, no one of which shall be located for more than
three miles upon the land of others than the said company.
The said company is hereby empowered to acquire, according
to the provisions of chapter fifty-six of the Code of eighteen
hundred and sixty, such land as may be necessary for the loca-
tion, establishment, and use of their said wharves and tram
roads.
4, The capital stock of the said company shall not be less
than five thousand dollars nor more than two hundred and
fifty thousand dollars, divided into shares of one hundred
dollars each. The said capital shall be payable by each sub-
scriber at such time or times, and in such proportion, as it
may be called for by the president and directors. The pro-
perty, funds, and assets of the said company shall alone be re-
sponsible for its debts, obligations, and liabilities.

d. That the said company are hereby authorized to borrow
asum of money, not to exceed twenty-five thousand dollars,
at arate of interest not to exceed twelve per centum, by the
sale of their bonds, on their giving a mortgage or deed of trust
on their land and fixtures, to secure the same.

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