CHAP. 65.—An ACT to authorize the supervisors of Page county
to issue bonds for the purpose of retiring outstanding bonds.

Approved January 16, 1890.

Whereas the county of Page in the year eighteen hundred
and eighty-one, compromised its subscription to the
capital stock of the Shenandoah Valley railroad company
at the sum of one hundred thousand dollars, and issued
its bonds for the payment of said sum to said company, of
which said bonds a part remains unpaid and outstanding,
which will mature in the year nineteen hundred and one,
said outstanding bonds amounting to eighty-eight thousand
dollars; and whereas it is desired by the authorities of
said county to extend the time for the payment of said
bonds by the issuing of new bonds bearing interest at the
rate of five per centum per annum: therefore,

1. Be it enacted by the general assembly of Virginia,
That it shall be lawful for the hoard of supervisors of
Page county to issue the bonds of said county not to
exceed eighty-eight thousand dollars, witb which to retire
the whole or any part of its outstanding bonds; said
bonds to be issued in denominations of one hundred, five
hundred, and one thousand dollars, to bear interest at the
rate of five per centum per annum, for which interest cou-
pons may be issued payable annually; said bonds to run
for twenty years from the date of their issue, redeemable
at the pleasure of said county after ten years from the
date of their issue, and said bonds and coupons to be
signed by the president and attested by the clerk of the
board of supervisors of said county of Page under the
seal of the said county.
2. This act shall be in force from its passage.

CHapP. 66.—An ACT to incorporate the Eureka manganese com-
pany.

Approved January 16, 1890.

1. Be it enacted by the general assembly of Virginia,
That W. S. Rosecrans, T. J. McSpeiden, L. Wilber Reid,
John M. Lackey, and J. R. Sneed are hereby constituted a
body politic and incorporated under the name and style
of the “ Eureka manganese company,” and by that name
shall have perpetual succession.

2. It is also ordered and decreed that the “ Eureka
manganese company ” shall have full power and authority
to issue one or more mortgages on their property, and
issue bonds thereon, payable at such times and in such
amounts, with such interest, and at such places as may be
deemed proper for the best interest of said company.
Also with full power and authority to sue and be sued, to
plead and be impleaded, and to appear and prosecute to

nal judgment any suit or actions at law or in equity in
the state of Virginia or elsewhere; to have and to use a
common seal, and the design of the same to alter at
pleasure ; to make and establish such by-laws and regula-
tions as said corporation shall deem expedient or neces-
sary for the management of its concerns, the same to be
in conformity with the laws of the state and of the
United States. Also with full power and authority to
receive, hold, lease, grant and convey, and use property,
real, personal, and mixed, and to improve the same by the
erection of houses, manufactories, and such other works
and improvements as may be deemed expedient and
proper by the said company, and to lease, let, or dispose
of by sale and conveyance any part of their property,
or al] thereof, real or personal, with or without improve-
ments, rights, or franchises, and of all the products and
profits on the same, in such markets and at such prices and
on such terms, stipulations, and conditions as to them
shall seem advisable; and with full power and authority
to hold and own and dispose of such other personal and
real estate as the stockholders of said company may
approve in writing, or by resolution at any meeting of the
stockholders (a majority of the stockholders being repre-
sented at such a meeting) may authorize their board of
directors to do; and also to mine manganese, iron, and
other ores, transport and sell the same, and to work the
same into sponge, pig, bar iron, steel, or otherwise, and to
manufacture manganese, iron, and other ores in all the
various branches and uses for which manganese, iron and
other ores are employed and sell the same, and to work
the same into all the various formes, branches, and uses for
which the same may be used, and also to develop, work,
transport, and sell coal, minerals, chemicals, wood, timber,
marble, rock, grain and other products of the land and soil
as to them shall seem meet; also with full power and
authority to colonize and settle the said lands upon such
terms and conditions as to them shall seem advisable ; also
with full power and authority to receive as subscriptions
to their capital stack and in full payment thereof, bonds
and stocks of any corporation, money, lands, metals, tim-
bers, goods, chattels, leases, options, houses, materials, and
labor, and there shall be no individual lability beyond
the unpaid balance on stock subscribed for.

3. It 1s also ordered and decreed that the capital stock
of the said company shall be five hundred thousand dol-
lars, divided into shares of one hundred dollars each, the
par value of which shall be one hundred dollars.

4. It is also ordered and decreed that the said company
may hold real estate not to exceed one hundred thousand
acres at any one time.

5. It is also ordered and decreed that the principal
office of said company shall be located and its chief busi-
ness shall be transacted in the city of Alexandria, Vir-
ginia, with the privilege of locating other offices at such
places in or out of the state as may be deemed for the
interest of the company.

6. It is also ordered and decreed that the board of direc-
tors may consist of five or more stockholders, as may be
determined from time to time by the said company, and
that the said stockholders may vest in the board of direc-
tors such powers as they may deem advisable for the best
interest of the company.

7. It is also ordered and decreed that the annual meet-
ing of the stockholders may be held as may be determined
from time to time by the stockholders or the board of
directors, as may be provided by the by-laws of said com-

any.
P 8. It is also ordered and decreed that there shall bea
president, vice-president and general manager, treasurer
and secretary, and the said company shal] have full
power and authority to appoint such other officers or
agents as the board of directors may from time to time
deem advisable for the best interests of the said company.

9. And whereas a charter of incorporation was granted
to the “Eureka manganese company” by the corporation
court of Alexandria in vacation, on the ninth day of July,
eighteen hundred and eighty-nine, in identical terms set
forth in sections one to eight of this act, inclusive; and
whereas the corporation mentioned did proceed to organ-
ize said company and to transact business in pursuance
of authority granted in the charter aforesaid; and where-
as it is desired by them that a legislative charter be
obtained, and that their acts and doings be confirmed to
the same degree and to all intents and purposes as if the
general assembly had granted such charter of July ninth,
eighteen hundred and eighty-nine: be it further enacted
by the general assembly, that all acts, proceedings, trans-
actions, contracts and agreements done and entered into
by the aforesaid parties, their successors, agents, or their
directors, in the name of the Eureka manganese company,
and all rights, titles, and interests of every kind and
nature acquired by said company under and in pursuance
of said charter, and not otherwise illegal or inconsistent
with the laws of this state, from and after the ninth day
of July, eighteen hundred and eighty-nine, shall be held
and taken to be and to have been from the aforesaid ninth
day of July, eighteen hundred and eighty-nine, of the
same force, nature, and effect in all respects as if said
charter had been then granted by the general assembly of
Virginia.

10. Until the annual meeting of the stockholders of the
company, or until it shall otherwise legally order, the fol-
lowing persons shall be the officers and directors of the
company—to wit: W. 8. Rosecrans, of Washington, Dis-
trict of Columbia, president; T. J. McSpeiden, of Balti-
more, Maryland, vice-president and general manager; L.
Wilber Reid, of Alexandria, Virginia, treasurer; John M.
Lackey, of Washington, District of Columbia, secretary ;
and Benjamin W. Green, of Washington, District of Col-
umbia, and the aforesaid W. S. Rosecrans, T. J.
McSpeiden, L. Wilber Reid, and John M. Lackey, direc-
tors.

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