CHAP. 537.—An ACT to amend the charter of the town of Edin-
burg, in the county of Shenandoah.

Approved March 4, 1890.

1. Be it enacted by the general assembly of Virginia,
That an act passed and approved in eighteen hundred and
sixty-nine and seventy, entitled an act to incorporate the
town of Edinburg, in Shenandoah county, Virginia, and
the act passed and approved March twenty-first, eighteen
hundred and seventy-two, incorporating the said town of
Edinburg, in the county aforesaid, under the provisions
of the act entitled an act for the government of cities and
towns of less than five thousand inhabitants, approved
November fifth, eighteen hundred and seventy, be amended
and re-enacted so as to read as follows: That whenever
anything for which a state license is required is to be done
in said town, the council may require a town license there-
for, and may impose a tax thereon for the use of said town.
But no license to sell strong or spirituous liquors, wine,
beer, ale, porter, or champagne cider, or drinks of like
nature, within said town, or within two miles of its boun-
dary, shall be granted by any other person or person:
having the authority to grant license, unless the party
applying therefor shall produce to such person or persons
the certificate of the council of said town of its consent to
the granting of such license. The council may require
from persons so licensed a bond, with sureties, payabie
to the said town, in such penalties and with such condi-
tions as it may think proper, and may revoke such license
at any time, if the conditions of said bond be broken.

2. All acts and parts of acts inconsistent herewith ar-
hereby repealed.

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

CHAP, 538.—An ACT to incorporate the Albemarle mining, man-
ufacturing, and railway company.

Approved March 4, 1890.

1. Be it enacted by the general assembly of Virginia,
That Samuel B. Woods, R. P. Valentine, W. T. Vandegrift,
J. M. Williams, L. D. Aylett, F. A. Massie, Frank Durrett,
and W. O. Watson, or such of them as accept the provis-
ions of this act, their associates, successors, and assign,
be, and hereby are, declared a body corporate and politic
by the name of the Albemarle mining, manufacturing. and
railway company; and said company may use a corporate
seal, sue and be sued, contract and be contracted with, and
make by-laws and regulations consistent with the laws
of the state for the government of this company, the man-
agement of its properties, and the orderly conduct of its
affairs.

2. The capital stock of the. said company shall not he
less than twenty-five thousand dollars, which may le
increased to one million dollars by issue and sale ot
shares, the par value of which shall be determined by the
board of directors. Subscriptions to the said capital stock
may be paid, in lieu of money, in lands, mineral rights,
lumber, labor, construction, and outfit materials, at such
prices as may be agreed upon between subscribers and the
board of directors; but no subscriber shall be liable for
more than his quota which may be due and unpaid on the
stock subscribed by him.
3. The persons first named in this act shall constitute
the first board of directors, a majority of whom shall con-
stitute a quorum, and who shall elect one of their number
president, and shall be empowered to fill all vacancies.
At the first meeting of the stockholders of said company,
and at each annual meeting thereafter, s0 many directors
shall be elected under the by-laws of said company as in
the general meeting of said stockholders may have been
removed, but unless so removed, shall continue in office
until their successors are elected and qualified. Each
stockholder in said company shall be entitled to one vote
for each share of stock held byhim. Whenever the mini-
mum stock shall be subscribed and the board of directors
shall have elected a president, said company shall be
legally organized. The board may appoint, to hold dur-
ing its pleasure, such officers and agents as it may see fit.

4. The company is authorized to hold land in Albe-
marle county, Virginia, and sell the same not to exceed
twenty thousand acres at one time; to lay off streets, erect
houses, and sell or use the same; to mine and quarry iron,
slate, soapstone, and other minerals; to deal in lumber;
to manufacture articles from minerals, wood, and from
other raw materials, and sell and transport the same; to
build and maintain tramways, roads or railroads (broad
or narrow gauge), within the limits of Albemarle county,
and on the same to transport passengers, freight and
United States mails, and connect with tramways, canals,
and other railroads in said county, and to enter the city
of Charlottesville with its railroads and tramways, the
consent of the mayor and council having been first ob-.
tained; to condemn lands for the purpose of said tram-
ways, roads, or railroads; to issue and sell its bonds on
such terms as said board of directors shall think proper
in the execution of its work, and to secure the same by
mortgage or deeds of trust on its property and franchises,
including its franchise to be a corporation, and to sub-
scribe to and hold shares in the capital stock of any other
railroad company or corporation.

5. It shall be lawful for any other incorporated com-
pany or railroad company to subscribe to the capital
stock of said company, and to acquire its bonds, full
power being hereby given to do so, and it shall be lawful
for any stockholder of said company to acquire and hold
the stock of said company in any sum .not prohibited by
the by-laws of said company.

6. The franchises hereby granted are granted on con-
dition that the above named company shall always pay its
taxes in lawful money of the Uuited States and not in
coupons.

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