Chap. 317.—An ACT to incorporate The Virginia Midland, Mining
and Manufacturing Company.

Approved March 80, 1875.

1, Be it enacted by the general assembly of Virginia, That
John S. Barbour, of the “city of Alexandria; John Wood,
Junior, R. F. Mason, and A. R. Blakey. of the county of
Albemarle; Thomas’ P. Wallace, William G. Williams, and
William C. Scott, of the county of Orange; Robert A. Cog.
hill, Thomas Whitehead, and Jesse Adams, of the county of
Amherst; John R. Strother and Daniel A. Grimsley, of the
county of Culpeper; Robert Whitchead, of the eounty of
Nelgon; T. M. McMullin and Wyatt 8. Beazley, of the county
of Greene; William L. Early and George W. Reedy, of the
county of Madison, ana such other persons as may be here-
after associated with them, shall be,/and are hereby incor-
porated and made a body politic and corporate by the pame
and style of The Virginia Midland Mining and Manufactur-
ing Company, for the purpose of mining iron, copper, or
other ores; transporting and selling the same, and of work-
ing the same into pig, bar iron, and steel, or otherwise; and
also for the purpose of manufacturing iron, copper, or other
ores in all the various branches and uses for which iron;
copper, and other ores are used, and to transport and sell
the same, @nd are hereby invested with all the rights and
privileges, and subject to all the rules, regulations, and re-
strictions (consistent with this act) contained in the Code of
Virginia in relation to such corporations.’

2. The capital stock of said company sball uot be less than
fifty thousand dollars nor more than one million of dollars,
to be divided into shares of one hundred dollars each.

3. That said company shall have the right to acquire, hold,
use, possess, and enjoy, by purchase, gift, demise, trust, or
other legal means, estate, real, personal, and mixed, and the
rame may sell, alien, grant, lease, and convey, so that the
lands held by them in fee or otherwise shall not exeeed at
any one time two hundred thousand acres; and the company
shall have power to make and use a common 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: provided, said
company shull not acquire or hold land excceding fifty thou-
sand acres in any one county. ,

4, That said company shall have: power to operate and
work in the counties of Amherst, Nelson, Albemarle, Greene,
Madison, Fauquier, Rappahannock, Culpeper, and Orange,
and that any of the corporators may put into the capital
stock of said company any lands owned by them in any of
the said counties, to be held in fee simple by said company.

5. The said company may, for the purpose of transporting
the productions of their mines and manufactures, construct,
maintain, and operate railroads or tramways from their
mines, or any of them, in the said counties of Amherst, Nel-
son, Albemarle, Greene, Madison, Fauquier, Rappahannock,
Culpeper, and Orange, to the nearest line of railroad, hy the
nearest practicable route, and to acquire the right of way
by gift, purchase, lease, or otherwise.

6. That John Wood, Junior, John R. Strother, and Thomas
P. Wallace are hereby appointed and made commissioners,
and that they or any two of them may act, at such times
and places as they deem expedient, open books of subscrip-
tion to the capital stock of said company, and may receive
for subscription for stock, money or such mineral rights or
lands, buildings, fixtures, or other property as they may
deem wise, expedient or necessary to acquire for the pur-
poses of suid company, and the same shall become part of
the stock of the said company. And when fifty thousand
dollars sha!l have been subscribed or put in, or acquired as
aforesaid, the company may organize by appointing five or
more directors,. one of whom shall be chosen president; that
raid company may organize under this charter so soon as
fifty thousand dollars shall have been subscribed and ten
thousand dollars actually paid up on subscriptions to its
ratock, and deposited in some banking-house in the town of
Charfottesville or city of Alexandria to its credit.

That said company shall be authorized and empowcred
to borrow i sum of money not exceeding one million of dol-
lars, and to secure the money 80 borrowed, the said company
is hereby authorized to issue coupon or registered bonds in
such sums as the directors thereof may deem best, and to
secure the payment of the moneys so borrowed, the presi-
dent and directors of said company are hereby authorized
and empowered to execute a lien on all the property, rights,
and franchises of said company existing at the time of the
execution of such lien, and which may be thereafter acquired
by said company, and said company may sell said bonds at
less than par.

8. That the president and directors of said company may
enact such by-laws and regulations for the management of
the affairs of said company as they may deem expedient, the
same being consistent with the constitution and laws of the
state and of the United States.

9. That the shares of said company shall be deemed per-
sonal property and assignable as such on the books of the
said company under such rules and regulations as may be
prescribed by the ditectors who shall have power, from time
to time, to increase the capital stock of said company so that
it shall not exceed one million of dollars as aforesaid.

10. The directors when elected shall have power to desig-
nate the place or places where tbe office or offices of said
company shall be located.

11. This act shall be in force from its passage, and shall
be subject to any: amendment, alteration or modification at
the pleasure of the general assembly.