CHAP. 641.—An ACT to amend and re-enact section 1 of an scti
incorporate the Rorer mining company, approved March |
1884, and to change the name to the Consolidated mining evm-

pany. .

Approved March 6, 18990.

1. Be it enacted by the general assembly of Virginis.
That section one of an act approved March seventh, eigk-
teen hundred and eighty-four, entitled an act to incorp-
rate the Rorer iron company, be amended and re-enacte:
so as to read as follows:

§1. That Ferdinand Rorer, J. H. Sykes, and E. G. Me-
Clanahan, of Roanoke county, Virginia; George M. Barth-
olomew and Samuel Coit, of Hartford, Connecticut; ani
George N. Gray, of Ironton, Ohio, and such others as mar
be associated with them, be, and they are hereby, consti-
tuted a body corporate under the name and style of th-
“Consolidated mining company.”

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

CHaP. 642 —An ACT to incorporate the Clark's Summit minin:
and development company.

Approved March 6, 1890.

1. Be it enacted by the general assembly of Virginis.
That J. E. Moore, John 8S. Draper, and L. S. Cal fre, «:
Pulaski city; C. B. Thomas, G. J. Holbrook, I. Frank. E.
McG. Phelps, William H. Spiller, F. S. Blair, H. B. Maz-
pin, V. C. Huff, and John H. Fulton, of Wytheville. Vir.
ginia; James H. Wingate and Joseph Frank, of Roanvk-.
Virginia; and E. Frank, of Baltimore, or such of thew s:
may accept the provisions of this act, their associates an:
successors, are hereby constituted a body politic and cor-
porate by the name of the “Clark’s Summit mining ani
development company,” and as such niay have ail tt-
privileges, franchises, and annuities applicable to corpe-
rations generally.

2. The capital stock of said company shall not be le:-
than ten thousand dollars, nor more than one hundm
thousand dollars, divided into shares of one hundred do!
lars each.
3. The principal office of the said company is to be
located at Pulaski city, or at Wytheville, or such other
place in the state of Virginia as the directors of said com-
pany shall designate. |

4. The control and management of the company shall
be vested in a president, vice-president, and seven direc-
tors. The president and vice-president shall ex-officio be
members of the board of directors, and, with the said seven
directors, shall constitute a board of twelve rhembers.
The seven directors shall be selected by the stockholders;
but the president, vice-president, and all other officers and
employees shall be elected by the board of directors.

5. The board of directors shall be elected by the stock-
holders at the annual meeting in each year. The time
and place of holding such meeting shall be fixed by the
by-laws of the company, which may be adopted by the
board of directors or stockholders.

6. The company shall have power to purchase and hold
real estate in the counties of Wythe and Pulaski, and to
improve, mine, sell, convey, lease, exchange, or otherwise
dispose of the same: provided, it shall at no time hold
more than five thousand acres of land; to purchase and
hold, sell, and convey all such personal estate as may be
necessary for its purposes; to borrow money and issue
bonds therefor, or notes, and to secure the same by mort-
gages or deeds of trust on its property or franchises, or
any part thereof; to subscribe to, purchase, and sell the
capital stock of any other joint stock company; to build
any mill, furnace, foundry, or any other manufactory, and
by its agents and employees to conduct the business
thereof; to build houses on its lands or elsewhere and
to rent out the same, and collect the rent thereof;
to ship and sell mineral water and erect a hotel on the
lands; to lay out streets on its property, and to dedicate
them and any other of its property to the use of the pub-
lic when in its opinion its interests will be advanced by
doing so; to give away land or water power for the site of
any mill or other enterprise which its board of directors
may deem to its advantage, and to make donations of
money or other thing to any individual or corporation
locating on its lands; to establish street car lines, water-
works, gas, or electric works, and to conduct the same upon
its property or elsewhere, and to do any other thing in con-
nection with such works necessary for the profitable use
or the reasonable sale and disposition of their products.

7. The powers of the company may be exercised by the
board of directors, or by an executive committee thereof,
as the board of directors may determine.

8. The board of directors shall have power to fill all
vacancies in its body, and to delegate any or all of its
powers to an executive committee of not less than five of
its members. Should a member of the board of directors
be elected president, such election shall be considered as
creating a vacancy in said board, which may be filled by
said board.

9. The business of the company shall be conducted as
prescribed by the by-laws adopted “by the board of direc-
tors or stockholders.

10. The said company may receive subscriptions to its
stock in land, materials, or other valuable thing, or
in the stock of any other company, upon such terms as
may be agreed, and may sell its own stock at, above, or
below par, and may issue the same for land, materials,
services, or other valuable thing, upon such terms as may
be agreed, and the stock of the company so issued shall
be deemed paid up to all intents and purposes as if paid
for at par in money.

11. That the said company shall have the right to lay
out, construct, eyuip, operate and maintain a railroad, or
railroads, or water pipe-lines or conduits in any of the
counties above named, with one or more tracks through
their lands, or from any portion of their lands, for the
purpose of connecting their works or mineral lands, or to
connect the same with any railroad or other internal
Improvements or highway now or which hereafter may
he constructed at any point thev may select for such
connection or connections, and charge tolls thereon, with
full power and authority to enter upon, take, occupy.
and use in the survey, construction and operation of such
roads such lands as may be deemed necessary and expedi-
ent: provided, that the length of said railroads so to be
made by them shall not exceed ten miles in length, each
beyond the line of lands owned, controlled or operated by
the said company; that when such railroad is constructed
beyond the line of such lands, and the consent of the
owner of the land through which the road or pipe-line or
conduits will pass cannot be first obtained, condemnation
proceedings may be instituted under the general laws of
this state applicable to other railroads.

12. When the minimum amount of stock shall have been
subscribed a meeting of the stockholders may be called.
and if a majority of the stock be represented in person or
by proxy. a board of five directors shall be elected, and
from their number a president and vice-president shall be
chosen, to whom shall be entrusted the management of its
business: and they shall hold their offices for one vear
and until their successors shall be duly elected. The board
of directors is hereby vested with power and authority to
do any act and conduct any business the company might
lawfully do during their continuance in office, and three
of said directors shall constitute a board for the trans-
action of business.

13. This act shall be in force from its passage.
CHAP. 643 —An ACT to incorporate the Drake’s Branch land
and improvement company (limited).

Approved March 6, 3890.

1. Be it enacted by the general assembly of Virginia,
That L. S. Jackson, H. C. Hudson, R. V. Gaines, J. H.
Hardy, Robert Payne, W. C. Scott, B. S. Faris, W. G.
Friend, J. H. Overbey, T. A. Proctor, T. W. Scott, W. G.
Friend, W. H. Woods, A. L. Green, and E. S. Cook, or such
of them as may accent the provisions of this act, their
associates and successors, be, and they are hereby, incor-
porated and made a body politic and corporate under the
name and style of the Drake’s Branch Jand and improve-
ment company; and by that name shall be known in law,
ahd shall have perpetual succession, and have power to
sue and be sued, plead and be impleaded, defend and be
defended in all courts, whether in law or in equity, and
may make and have a common seal, and alter and renew
the same at pleasure; and shall have, enjoy, and exercise
all the rights, powers, and privileges pertaining to corpo-
rate bodies and necessary for the purposes of this act.

2. The capital stock of said company shall not be less
than five thousand dollars, and may be increased to any
amount not exceeding fifty thousand dollars, by subscrip-
tion or by the issue and sale of shares, the par value of
which shall be not less than fifty dollars, from time to
time, under such regulations and upon such terms as the
board of directors of said company shall from time to time
prescribe; and the directors may receive labor, supplies,
and materials, lands, water rights, and other property, real
or personal, in payment for subscriptions to the capital
stock, at such valuation as may be agreed upon between
the directors and subscribers.

3. That said company 1s authorized to purchase, hold,
and convey lands and interest in lands in the counties of
Charlotte, Halifax, Campbell, Appomattox, Prince Edward,
Lunenburg, and Mecklenburg, in this state, or in either of
such. counties, such lands, however, held in fee simple, not
to exceed at any one time ten thousand acres; to till, mine,
and quarry upon the same; to construct, lease, and sell
dwellings, factories, stores, and other buildings; to erect
and maintain bridges, dams, and ferries, and otherwise
use, develop, and improve the same.

4. The persons first named in this act, or such of them
as shall accept the provisions hereof, shall constitute the
first board of directors of the said company, and shall
continue in office until the first meeting of the stockhold-
ers thereof. At such first meeting, and at every annual
meeting, 80 many directors shall be elected as may be pre-
cipal thereof into the stock of the company at any time;
and it shall be lawful for said company to subscribe to
and hold shares in the capital stock of any railroad com-
pany or other corporation whenever the board of directors
of the company shall deem it to its interest to do so, and
any such corporation may guarentee or hold the bonds or
the stock of said company.

' 10. All taxes due the commonwealth by said company
shall be paid in lawful money of the United States and
not in coupons.

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

CHAP 644.—An ACT to incorporate the Fulton social and pleas-
ure club.

Approved March 6, 1890.

1. Be it enacted by the general assembly of Virginia,
That William O. Dwyer, James H. Nuckols, James Roach,
John Roach, John W. Donly, William Eacho, William Tim-
berlake, Clifford Harden, Thomas O. Gorman, Philip Powr,
Thomas Grace, Maston Duke, James Fall, Thomas Goulding,
Daniel McMahon, and such other persons as may here-
after become associated with them, are hereby constituted
a body corporate, by the name of the Fulton social and
pleasure club, to be located in the city of Richmond, for
the promotion of social intercourse and for the purpose of
maintaining a library and reading room. The said corpo-
ration shall have power to make and adopt a constitution
and by-laws, rules, and regulations for the admission and
expulsion of its members, and their government, the elec-
tion of its officers, and to define their duties and for the
safe-keeping and protection of its property and funds, and
from time to time to alter or repeal such constitution, by-
laws, rules, and regulations: provided, that the same be
not inconsistent with the constitution and laws of the
United States or of the state of Virginia. The said cor-
poration may purchase, lease, hold, or dispose of any real
estate, provided that they shall not hold real estate in
excess of five acres of land, and said corporation may
borrow money upon its property, both real and personal,
and may issue bonds, with interest-coupons attached
therefor, and may secure the same by deed of trust, mort-
gage, or otherwise.

2. All taxes and dues due, or to become due, the com-
monwealth shall be paid in lawful money of the United
States and not in coupons.

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

129