Chap. 200.—An ACT to incorporate The Excelsior Charter and Hall
Association of the City of Norfolk.

Approved March 15, 1875.

1. Be it enacted by the general assembly of Virginia,
That James E. Fuller, Peter Shepherd, Junior, John Gibson.
William H. Palmer, and Andrew Gatewood, and such other

ersons as are now associated as the Excelsior Charter and

all Association, or as may hereafter become associated with
them, are hereby created and declared to be a body corpo-
rate by the name of The Excelsior Charter and Hall Asso-
ciation. ‘The object and purpose of the association is to
build a public hall aud to promote social intercourse among
its members.

2. The said corporation shall have power to make and
adopt a constitution and by-laws, rules and regulations for
the admission and expulsion of its members, and their gov-
ernment; the election of its officers and to define their
duties; and for the safe-keeping and protection of its pro-
perty and funds; and from time to time to alter or repeal
such constitution, by-laws, rules, and regulations: provided,
that the same be not inconsistent with the constitution of
the United States, or of the state of Virginia.

3. The minimum capital stock of the said corporation shall
be four thousand dollars, and shall consist of one hundred
shares at forty dollars a share, but may be increased at the
will of the said ‘corporation to an amount not to exceed fifty
thousand dollars, by the issue of a corresponding number of
shares at fifty dollars per share. It shall have power to pur-
chase and hold, or lease or pledge, mortgage or convey in
trust, for the security and payment of money borrowed or
any debt contracted, any real or personal estate, subject to
the provisions of the statute law of Virginia: provided,
however, that it shall not hold any real estate exceeding one
acre of land, nor any personal estate exceeding five thousand
dollars in value.

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