CHAP. 231.—An ACT to incorporate the Annetta company.

Approved February 17, 1890.

1. Be it enacted by the general assembly of Virginia,
That J. E. Moore, Martin P. Burks, Walker G. Hamner,
John F. Slaughter, and B. H. Lastrappe, and their asso-
ciates and successors, are hereby created a body politic
and corporate, under the name of the Annetta company,
and as such shall have all the rights, franchises, and im-
munities applicable to such a corporation under the laws
of Virginia.

2. The capital stock of said company shall not be less
than twenty thousand dollars, and may be increased by
the company’s directors to one million dollars, and the
same shall be divided into shares of one hundred dollars
each.

3. Any three or more of the incorporators may act as
cornmissioners to receive subscriptions to the capital
stock of said company; said commissioners to be chosen
by a majority of the corporators present at their first meet-
ing, not less than three to be present. Such subscriptions
may be received and paid in money, lands, or other prop-
erty, or in the bonds or stock of other corporations, ata
valuation in each case to be agreed on by between the com-
missioners or the company and those respectively making
the subscription.

4. The company shall have the right to mine al] minerals,
ores, and other substances; to buy, sell, and transport and
manufacture the same. It shall have the right to engage
in the manufactures for which any of said ores or minerals
may furnish the crude materials. It may buy, sell, lease,
hold, grant, convey, exchange, mortgage, use and improve
its property, real and personal, in aid of the mining and
manufacturing aforesaid.

5. The company shall have the right to build, equip, and
operate, or assist other corporations in building, equip-
ping, and operating, tramways or railroads from its works
or mines, to connect with established tramways, railroads,
waterways, and rivers; but this company shall not build
any such road over forty miles in length.

6. This company may hold shares of stock in any other
incorporated company, and may issue bonds not to exceed
the amount of its capital stock, securing the payment of
the same on its property and franchises by deeds of trust
or mortgages.

7. No stockholder shall ever be held responsible for any
of the debts of the company, but each shall be liable to the
company for the amounts, respectively, of their subscrip-
tions of stock until paid up.
8. The acceptance of this charter shall be deemed an
agreement to waive any and all rights to pay taxes in in-
terest coupons of Virginia bonds, and shall be in effect an
agreement to pay the same in lawful money of the United
States.

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