Chap. 107.—An ACT to Incorporate the United States Gold and Silver
Amalgamating Company of Virginia.

In force March 3, 1873.

1. Be it enacted by the general assembly of the common-
wealth of Virginia, That Joseph G. Mitchell, George I. Rich-
ardson, Augustin B. Crosby, and B. Arthur Mitchell, and John
Wetherbee, and their associates, successors and assigns, are
hereby created and made a body politic and corporate, under
the name and title of the United States Gold and Silver
Amalgamating Company of Virginia, for the purpose of mining,
working, milling, purchasing, manufacturing, smelting, assay-
ing and otherwise treating ores, earths, niinerals and. metals,
and for building, erecting and owning machinery for any of
said purposes, or for sale, barter, or exchange; for holding,
owning, leasing, or selling such real estate and personal pro-
perty as may be necessary, in connection with the other privi-
leges herein granted, not exceeding five thousand acres of land
at any one time; and to erect houses, mills, shops and other
buildings upon and otherwise improve any lands owned, leased,
or held by them; and for making, buying and selling such
matters and things as appertain to their business. And b
said name. and title they are hereby invested with all the rights,
powers and privileges, and subjected to all the rules, regulations
and restrictions, not inconsistent herewith, prescribed by the
fifty-sixth and fifty-seventh chapters of the Code of Virginia for
the government of such bodies politic and corporate, and shall
have all the general powers and be subject to all the general
restrictions of the Code of Virginia, so far as the same may be
applicable to and not inconsistent with the rights and powers
herein granted.

2. The minimum capital stock shall be one hundred thou-
sand dollars, to be divided into shares of not less than one
hundred dollars each.

3. The principal office of the company shall be at Fredericks-
burg, or elsewhere in the state of Virginia as may be selected
by the company, with such branch offices, located wherever
they may deem proper, as may be necessary for the transaction
of the business of the company.

4, The affairs of said company shall be managed by a board
of five directors, who shall be chosen by the stockholders, and
@ majority of whom shall constitute a quorum; but, for the
purpose of organization, the herein named corporators shall
constitute said board of directors, and shall hold office until
their successors are elected and qualified. The officers shall
be a president, a vice-president, a treasurer, a secretary and a
superintendent. The first two shall be members of the board.
of directors, and the remainder may or may not be, as said
board may from time to time determine; and any of said officers,
except president, may be abolished or combined by a majority
vote of the stockholders.

5. The subscriptions to the capital stock of said company
shall be paid in such instalments and in such property, real or
personal, as a majority of the directors may determine; and
payment thereof may be compelled by process of law, or under
penalty of forfeiture of previous payments and all rights andi
titles thereunder.

6. The said company may have and use a common seal, and!
the same may alter and change at pleasure; may make, repeal,
alter or amend such by-laws and regulations concerning and
covering all points of organization and business, not herein
specifically provided for, as they may deem necessary: provided.
the same are not inconsistent with the constitution of the com-
monwealth or the provisions of this act.

7. The said company shall have power to issue bonds or
other evidences of debt, negotiate loans, buy and sell patents
and patent rights, and to dispose of privileges to work under
and use said patents and patent rights, or portions thereof,
reserving royalties or payments under the same in such way
and manner as they may prescribe; and generally do all other
things necessary to the proper and successful transaction of
the business for which it is organized.

8. This act shall be in force and effect from and after its
passage. :