Chap. 108.—An ACT to Incorporate the American Lithugraphic Stone
Company of Virginia.

In force March 3, 1873.

I. Be it enacted by the general assembly of Virginia, That
Walter B. Brooks, A. I. Volek, G. A. Meyer, Wm. T. Bourne,
Chas. A. Davidson, and their associates and successors, are
hereby created and constituted a body politic and corporate,
by the name and style of the American Lithographic Stone
Company of Virginia, for the purpose of quarrying marble and
lithographic stone, and mining other mineral substances and me-
tals, in the county of Rockbridge and other counties of this state;
and by that name and style shall have perpetual succession,
may sue and be sued, contract and be contracted with, plead
and be impleaded, have a common seal and change the same
at pleasure; and shall have all the rights and privileges of a
corporation, and be subject to all the rules, regulations and
restrictions imposed by the Code of Virginia in relation to joint
stock companies, so far as they are applicable to and not incon-
sistent with the provisions of this act.

2. The capital stock of said company shall be two hundred
thousand dollars, to be divided into shares of one thousand
dollars eacl: provided, however, that as soon as the sum of
one hundred thousand dollars shall be subscribed, the persons
so subscribing shall be authorized to organize the company,
and be entitled to all the rights, benefits and privileges con-
ferred by this act, until the entire capital stock shall be sub-
scribed.

3. The said company shall have authority to make, from time
to time, such by-laws and regulations as it may deem necessary
and proper for the management of its affairs; may fix the num-
ber of its directors, and may hold its meetings in either Rock-
bridge county, Baltimore, or elsewhere, as a majority of the
directors may determine; and in all general and special meet-
ings of the company the stockholders present, in person or by
proxy, shall be entitled to a vote on each share of their stock:
provided, that at least two of said directors shall be residents
and citizens of Rockbridge county, in this state.

4. It shall be lawful and right for the comvany to establish
the necessary offices for their works where such works may be
located, and have their principal office in the city of Baltimore,
Maryland, and, if deemed expedient, branch offices in New York
city and elsewhere.

5. It shall be lawful for said company to acquire by purchase,
lease, or otherwise, and hold or dispose of for the purposes
aforesaid, lands in fee, or lesser estate in this commonwealth,
and to obtain therefrom, by quarrying, mining, or otherwise,
lithographic stone, marble, or any mineral substance whatever,
and to vend the same, or any manufactured product thereof, at
any place or places; to erect mills, manufactories, kilns, or fur-
naces; to build and equip tram roads, upon its own or the lands
of others, with their consent, from its mines or quarries to the
James River and Kanawha canal, or other public highway; to
build, purchase or hire canal boats or other vessels to trans-
port its property to market; and to acquire, hold or dispose of
all other property necessary in and about its operations: pro-
vided, however, that said company shall not own in fee at any
one time more than teh thousand acres of land in Rockbridge
county, or more than five thousand acres in any other county
of this commonwealth.

6. The stockholders in said company shall not be liable for
any loss, damage or responsibility, other than the property
they have in the capital and funds of the company, to the
amount of the shares respectively held by them, and any pro-
fits arising therefrom not divided.

7. The by-laws may prescribe the number of and the manner
in which the directors, officers and agents shall be elected or
appointed, and may prescribe their several terms of service,
and their powers, duties and compensation.

8. This act shall be in force from its passage, and subject to
amendment, modification or repeal, in the discretion of the
general assembly of Virginia.