Chap. 263.—An ACT to incorporate The Virginia Mining and Im-
provement Company.

Approved March 26, 1875.

1. Be it enacted by the general assembly of Virginia,
That Nathan R. Vial, John Weston, and William Cunning.
ham, of the city of London, England, and their associates.
successors, and assigns be, and they are hereby created a
body politic and corporate, by the name of The Virginia
Mining, Improvement and Construction Company, and by
that name shall have perpetual succession, may sue and be
sued in all the courts of law and equity in this state or else-
where; may have, make, and use a common seal, and the
same break, alter or change at their pleasure; may make.
ordain, establish, alter, or amend such by-laws, ordinances.
and regulations concerning and governing all points of or-
ganization and business not herein specifically provided for.
as they may think wise; and generally may do every act
and thing necessary to carry into effect this act, or to pro-
mote the objects and designs of the corporation: provided,
that such by-laws, ordinances, regulations, or acts be not in
conflict with the laws of this state or of the United States.

2. The company when fully organized shall have power to
purchase, bold, and dispose of,in such quantities as they may
deem proper, real estate, including farming lands, timbered
lands and mineral lands, in the state of. Virginia, not exceed-
ing in quantity at any one time, three hundred thousand
acres, and to improve and develop the same.

3. That the capital stock of said company shall not be less
than five thousand dollars nor more than one million dollars,
to be divided into shares of twenty-five dollars cach, and
that the corporators hereinbefore named, and their associ-
ates, may, so soon as the sum of five thousand dollars is sub-
scribed, and ten per centum thereof actually paid up in‘cash,
proceed to perfect a permanent organization of the company
by the election of a president and seven directors, who may
be residents of the city of London, England.

4. That the principal office of said company may be in the
city of London, England: but said company shall have at
least one branch office, for the transaction of business, in the
state of Virginia.

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