CHAP. 49.—An ACT to incorporate the Newport News fishing
clu

Approved January 14, 1890.

1. Be it enacted by the general assembly of Virginia,
That W. H. Richardson, J. J. Cox, J. L. Street, C. R.
Bridges, and C. W. Reynolds, and such other persons as
may hereafter be associated with them, shall be, and they
are hereby, incorporated and made a body politic and
corporate under the name and style of the Newport News
fishing club; and by that name and style they and their
successors may have continual succession; may sue and
be sued, contract and be contracted with; may have and
use a common seal, and make such by-laws, rules and reg-
ulations not contrary to the laws of the United States or
of this commonwealth for the proper management and
government of said company as may from time to time be
deemed best.
2. The said corporation is authorized and empowered to
oerform and do all things necessary to promote social
intercourse between its members, so that such acts or
loings are not inconsistent with the statute laws, and to
maintain a librarian and reading-room, and to purchase,
acquire, and sell real estate for the purpose aforesaid, not
2xceeding at any one time the amount hereinafter pre-
scribed.

3. That the capital stock of the said company shall not
be more than ten thousand dollars nor less than five hun-
dred dollars, to be divided into shares of ten dollars each.
The said association shall be allowed to hold real estate
to the amount of ten thousand dollars.

4. That the quantity of real estate held by the said
company at any one time shall not exceed one acre.

5. That the principal office of said company shall be
located at Newport News, Virginia, where the chief busi-
ness of the said company shall be transacted.

6. That W. H. Richardson, of Newport News, Virginia,
shall be president; J. J. Cox, of Newport News, Virginia,
shall be vice-president; J. L. Street, of Newport News,
Virginia, shall be secretary; C. R. Bridges, of Newport
News, Virginia, shall be treasurer, and the aforesaid
officers and C. W. Reynolds, of Newport News, Virginia,
shall constitute the board of directors of the said com-
pany for the first year, ending on the third Wednesday in
November, eighteen hundred and ninety.

7. That on or before the said third Wednesday in
November, eighteen hundred and ninety, and annually
thereafter, at such time as may be prescribed by the con-
stitution of said company, a president, vice-president,
secretary, treasurer, and one director, shall be elected by
the stockholders of the said company, in general meeting
assembled, who shall, as soon as elected and qualified,
enter upon the duties of their office, except in case of
vacancy, when the eléction shall be held at the next meet-
ing of the stockholders of the said company after the
occurrence of said vacancy.

8. A majority in interest of said stockholders shall con-
stitute a quorum for the transaction of business.

9. The stockholders in general meeting assembled may
adopt such constitution and by-laws for the government
of said company as a majority in interest of those present
may deem best; provided that the same shall not be
inconsistent with this charter or in conflict with the laws
of the state of Virginia; and the said constitution and
by-laws may from time to time be amended at any annual
or special meeting of the said stockholders, upon thirty
days’ previous notice in writing by the secretary, two-
thirds in interest of the stockholders present being
required to effect such alteration or amendment.
10. The failure to hold any meeting at the time specified
for the election of officers shall not work a forfeiture of
this charter or a dissolution of said company, but all
officers shall continue to discharge the duties of their
respective offices until their successors are duly elected
and qualified.

11. This charter is granted upon the express condition
that the said incorporation shall pay all taxes, dues and
demands due the state, or that may hereafter be assessed
against it, in lawful money of the United States and not
in coupons.

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