Chap. 20.—An ACT to renew, re-enact. and extend the charter of the Long-
dale iron company for the period of thirty years from the expiration
thereof.

Approved January Il, 1900.

Whereas by an act of the general assembly, approved June twentv-
seventh, eighteen hundred and seventy, “the Wetumpka iron company ”
was incorporated; and

Whereas by an act of the general assembly, approved Februarv twen-
tieth, eightecn hundred and seventy-one, the first and fourth sections
of the said act, incorporating “the Wetumpka iron company” were
amended, and the corporate name was changed to “the Longdale iron
company; ” and

Whereas by an act of the general assembly, approved February eigh-
teenth, eighteen hundred and seventy-five, the first section of the act
first named was again amended, and the third section of said first named
act was also amended; and

Whereas the said act of the general assembly, approved June twenty-
seventh, eighteen hundred and seventy, as amended by the said act of
the general assembly, approved February twentieth. eighteen hundred
and seventy-one, and as further amended by the said act of the general
assembly, approved February eighteenth, eighteen hundred and seventy-
five, constitutes the charter of the Longdale iron company, which charter
it is proposed to renew, re-enact and extend; therefore,

1. Be it enacted by the general assembly of Virginia, That the charter
of the Longdale iron company be, and the same is hereby, renewed,
re-enacted, and extended for the period of thirty years from and after the
expiration of said charter, on the twenty-seventh day of June, in the
vear nineteen hundred, in the form in which said charter now exists, as
follows—to-wit:

§ 1. Be it enacted by the general assembly of Virginia, That Calvin
Pardee, A. Pardee, junior, and John L. Wilson, of Philadelphia, Penn-
svlvania: F. Firmstone, Mary E. Firmstone and H. Firmstone, of Easton,
Pennsylvania; Augustus Lowell, of Boston, Massachusetts, and J. E.
Johnson, of Longdale, Virginia, and such other persons as now are,
or may be hereafter associated with them, ehall be, and are hereby,
incorporated and made a body politic and corporate, by the name and
stvle of the Longdale iron company, for the purpose of mining iron and
other ores, transporting and selling the same, and of working the same
into pig iron, steel or otherwise; and also of manufacturing iron or other
ores in all the various branches and uses for which iron and other ores
are used, and to transport and sell the same; and also for the purpose of
mining coal in this state or elsewhere, and transporting, using, selling,
or otherwise disposing of the same, either in its raw state or after being
converted by them into coke: and are hereby invested with all the
rights and privileges, and subject to all the rules, regulations, and
restrictions (consistent with this act) contained in the code of Virginia.

§ 2. The capital stock of said company shall not be less than two
hundred thousand dollars nor more than six millions, to be divided into
shares of one hundred dollars each.

§ 3. And be it further enacted, That the said company shall have the
right to acquire by purchase, gift, devise, trust, or other legal means or
convevance, estate—real, personal, and mixed—in this state or elsewhere,
and to hold, use, possess, and enjoy the same, and the same may sell,
alien, grant, lease and convey: provided, that the lands held by them
in fee or otherwise, in this state, shall not exceed altogether, at any time,
two hundred thousand acres, nor more than eighty thousand acres in any
one county of the state; and provided further, that nothing therein con-
tained is intended to confer upon said company any privileges, powers
or rights in any other state, inconsistent with the laws or policy of such
state. And the said company shall have power to make and use a com-
mon seal, and the same to change at will, and to have all such other
powers, rights, and privileges, as are necessary and proper for them to
have and possess as an incorporated company, subject to the restrictions
in the first section of this act.

§ 4. And be it further enacted, That the said F. Firmstone, H. Firm-
stone, Mary E. Firmstone, Calvin Pardee, and A. Pardee, junior, may put
into the capital stock of the said company any lands purchased by them
in the counties of Alleghany and Rockbridge, and now owned by them,
or either of them, to be held in fee simple or otherwise, by the said
company. And be it further enacted, That the said company shall have
the power, and are hereby authorized, to locate and construct one or
more railroads, not to exceed twenty-five miles in length, from their
said mines and iron works, and connect the same with any railroad
now made or to be hereafter made: and for the purpose of so locating
and constructing said railroads, they shall have power and authority to
survey, locate, fix, and determine such route or routes for said railroads
as they may deem expedient, or which may be neeessarv for the con-
struction and maintenance thereof. The said company mav condemn,
according to the laws of Virginia, land for their roadway, depots, stations,
or other necessary purposes.

§ 5. And be it further enacted, That TT. Firmstone, A. Pardee, junior.
and J. E. Johnson, are hereby appointed and made commissioners, and
that they or any two of them’ mav act, at such times and places as they
may deem expedient, open books of subscriptions to the capital stock of
said company, and mav receive for subscription for stock, money, or
such mineral rights, or lands, buildings, fixtures, or other vroperty as
thev may deem wise, expedient, or necessary, to acquire for the purposes
of the company. and the same shall become part of the stock of the
company; and when two hundred thousand dollars shall have been sub-
scribed, put in, or acquired as aforesaid, the company mav organize by
appointing five or more directors, one of whom shall be chosen as
president.

§ 6. And be it further enacted, That the president and directors of the
said company mav enact such by-laws and reeulations for the manage-
ment of the affairs of said company as they may deem expedient, the
same heing consistent with the constitution and laws of this state and of
the United States.

§ 7%. And he it further enacted. That the shares of the said ecomnanv
shall he deemed personal property, and assignable on the hooks of the
company under such rules and regulations as mav he preserihed by the
directors, who shall have power from time to time to increase the capital
stock so that it shall not exceed six million dollars, as aforesaid.

8 8. The principal offices of said company shall be at or near Cov-
ington, Virginia, and the said company mav establish offiees at such other
points within or heyond the limits of this state as its business may
require.

8 9. This act shall he in force from its passage, and shall be subiect
to anv amendment, alteration or modification at the pleasure of the
general assemblyv.

2. That it shall not he necescary to re-organize the Lonedale iron
company. but the company may continue as now constituted and
organized.

3. That all taxes and other demands due the commonwealth bv the
Tongdale iron company shall be paid in Jawful money of the United
States.

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