Chap. 123.—An ACT to charter Rawlings institute.

Approved January 24, 1900.

Whereas there has existed in the citv of Charlottesville for some time a
female school under the name and stvle of Rawlings institute, conducted
by the Baptist denomination of the Christian church, to which generous
donations of land and funds have been made, and which is engaged in the
meritorious task of educating young women, and it is deemed best that
this school should be incorporated: therefore,

1. Be it enacted by the general assembly of Virginia, That Reverend
A. E. Dickinson, Honorable John E. Massey, Reverend H. W. Tribble,
Reverend F. R. Boston, Reverend F. C. McConnell, Reverend M. J..
Wood, Judge W. R. Barksdale, Honorable George B. West, Honorable
J. T. Griffin, and M. C. Thomas, esquire, and such other persons as may
be associated with them, or who may succeed them, be, and they are
hereby, constituted a hody corporate under the name and style of
Rawlings institute, and as such have, and shall continue to have, all
the right, privileges and immunities of such a bodv corporate, with the
right to have a common seal, to sue and be sued, plead and be impleaded
with, contract and be contracted with in accordance to law.

2. Said corporation shall have the right to receive by gift, devise, or
purchase real and personal property for its use and benefit, and to sell.
convey, mortgage or incumber or dispose of the same when nec essary
or expedient. But this provision shall not apply to the mortgaging or
encumbering of any real estate, granted or devised heretofore or here-
after, to the said corporation or the first above named parties as to which
the power to mortgage or encumber is prohibited or limited in such deed.
And shall have all other rights. privileges, and powers which may be
necessary for carrving out the ends for which it is created: provided, they
are not against the laws of this commonwealth.

. The persons named in the first section of this act shall constitute
the first hoard of trustees of Ra wlings institute: said board shall have
the power to elect officers for the corporation, and officers and teachers
for the school, and remove same at its discretion; to enact by-laws for the
corporation and reculations for the school: to require bonds from the
custodians of its funds, and to borrow money on the credit of the cor-
poration when authorized by it.

4. As soon as may be practicable or expedient the board of trustees
shall epen books of subscription to the eapital stock of the corporation.
which shall be not less than five thousand (85,000.00) dollars nor more
than twenty-five thousand ($25,000.00) dollars, the value of shares to be
fixed hy the beard of trustees. As soon as the minimum shall have been
subsertbed, a dav shall be fixed for the election of trustees, who shall be
ten in number, of whom five shall be a quorum for the transaction of
business, and such an election shall take place annually thereafter, each
stockholder having one vote for each share of stock held by him to be
given in person or by proxy. Until so organized the original board of
trustees shall conduct its affairs. adding to its number or filling vacancies
as it shall sce fit. and a majority shall constitute a quorum.

And this corporation being organized not for profit or business, but
as an edueational and eleemosynary one, no fee or tax shall be charged
for this charter.

This act shall be in foree from its passage.