Chap. 236.—An ACT to Incorporate the Piedmont Improvement Com-
pany.

In force March 19, 1872.

1. Be it enacted by the gencral assembly of Virginia, That
Andrew Jamieson, Cassius F. Lee, Reuben Johnston, R. M.
Bentley, Charles B. Ball, Charles P. Janney, and Robert Bell,
jr., or the majority of them, be and they are hereby appointed
commissioners to open books of subscription in the city of
Alexandria, for not excceding one thousand shares of one
hundred dollars each, to constitute the capital stock of a com-
pany to be called “The Piedmont Improvement Company;”
and when one hundred shares of said stock shall be subscribed,
the subscribers, their representatives and assigns, shall be a
body corporate by the said name, and shall have and exercise
all the attributes, rights and powers of corporations and. char-
tered companies, as set forth in chapters fifty-six and fifty-
seven of the Code of Virginia of eighteen hundred and sixty,
and in the laws amendatory thereof, and shall be subject to all
the provisions and restrictions therein expressed, so far as the
same may be applicable to the said conipany, and not incon-
sistent with this act.

2. The said company, in general mecting, shall have power
to increase its capital stock to au amount not exceeding twenty
thousand shares, and dispose of the same as it may deem ex-
pedient; and it may purchase lands in this state, not to exceed
in all, at any one time, fifty thousand aeres, which lands, or
avy of them, if may improve, work, cultivate, lease, let, sell,
convey, or otherwise dispose of; and it shall also have power
to construct or operate such works and improvemeuts, public
or private, as 1t may deem expedicut, for its own use or for the
use of other parties or companics. and make and enter into
any necessary and proper contracts in relation thereto, and
may purchase or lease the works of other compamies, or pur-
chase and hold the stocks thereof.

3. The said company may borrow money and give its bonds
therefor, or other evidences of indebtedness, and secure the
payment thereof, and the interest thereon, by deed of trust or
mortgage upon its franchises and its property, real or personal,
or any part or parts thereof.

4. The principal office of the company shall be in the city of
Alexandria, but it shall be lawful for it, from time to time, to
have agencies, and to hold generul meeting or meetings of
the board of directors at other places.

5. In all general meetings of the company, each stockholder
shall be entitled to one vote for every share of stock held by
him therein.

6. This act shall be in force from its passage.