Chap. 75.—An ACT to incorporate Centreville Grange, No. 706, of
Princess Anne county.

Approved February 8, 1879.

Whereas an organization is established at Centreville, in 1
Princess Anne county, Virginia, known as Centreville grange,
number seven hundred and six, which has for its object the
fostering and development of the interests of agriculture, as
well as the mutual aid and protection of its members in times
of sickness or distress, the burying of deceased members, the,
care of the widow and the orphan, and other benevolent pur-
poses, and for the purpose of securing the advantages of co-
operation in matters affecting their interests and improvement :
1. Be it, therefore, enacted: by the general assembly of Vir-
ginia, That J. 11. Bonney, George W. Dawley, W. A. Barnes,
M. T. Ayers, and D. B. Maloone, N. B. Moore, J. FE. Stran-
hand, E, W. Garrison, and T. W. Bonney, and all other per-
sons who are now and who may hereafter be associated with
them, and their successors, shall be and they are hereby consti-
tuted a body politic and corporate, by the name and style of
Centreville Grange, Number Seven Hundred and Six, and by
that name shall have perpetual sueeession and a common seal,
and may sue and be sued, plead and be impleaded in all courts
and places, and in all manner of actions and complaints what-
ever, and may make by-laws and regulations, not inconsistent
with this act and the laws of the state, for the government of
its officers and members and for the proper conduct and pro-
tection of its affairs. It may acquire and hold property, real,
personal, or mixed, for educational, agricultural or mercantile,
or other purposes, shall possess fle power either as a corpora-
tion or as a partner or member or stockholder in a firm to
engage in mercantile or o‘her business, and shall possess and
enjoy all other privileges and franchises incident to a corpora-
tion.

2. "Phe capital stock of said corporation shall not be less
than five handre’ dollars, nor more than ten thousand dollars,
and to be d.vided into shares of not less than five dollars
each.

3. The personal liability of any and every shareholder shall
be limited to the amount due and unpaid upon the shares of
stock owned and held by every such shareholder. No assign-
ment or transfer of any share shall be valid until all calls
made or due thereon shall have beon paid, or secured to be
paid, to the satisfaction of the directors.

4, The amount of property, real, personal, and mixed, which
may be held by the said corporation at any one time, shall not
exceed ten thousand dollars, which property shall be managed
by the trustees and directors of said corporation (unless other-
wise provided by the laws of said corporation), who may, under
the direction of said corporation, rent, sell, convey, invest, or
in any wise dispose of said property for the best interest of
said corporation. And the property acquired by this corpora-
tion shall be vested exclusively in the same, and shall at all
times, during the existence of this corporation, and at its dis-
solution, be subject to the paramount authority and control in
its ultimate disposition of a majority of the holders of the
shares of stock therein, being members of said grange.

5. The persons above named shall be the trustees and direc-
tors of said corporation until the stockholders shall otherwise
determine by their by-laws, and they shall hold their offices
until their successors shall be appointed and have qualified.

6. The number of trustees and directors who shall consti-
tute a quorum for the transaction of business shall be two-
thirds, until otherwise determined by the by-laws of the corpo-
ration. .

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