Chap. 4.—An ACT to amend and re-enact the second section of the act
entitled an act to Incorporate the Warm Springs Company, passed
April twenty-eighth, eighteen hundred and seventy-four.

Approved December 22, 1875.

1. Be it enacted by the general assembly, That the second
section of the act entitled an act to incorporate the Warm
springs company, passed April twenty-eighth, eighteen hun-
dred and seventy-four, be amended and re-enacted so as to
read as follows:

.§ 2. The capital stock of said company shall not be less
than fifty thousand dollars nor more than five hundred thou-
sand dollars, to be divided into shares of one hundred dollars
each; and whenever fifty thousand dollars shall have been
subscribed, and two dollars upon each share thereof paid in,
the share-holders may organize under this charter, adopt by-
laws, and elect officers, for their execution. The corporation
may acquire and hold lands, not exceeding five thousand
acres, and may erect buildings for the accommodation of visi-
tors and others, may provide for their entertainment and
receive compensation therefor; engage in merchandise; enter
into contracts of sale and lease, and of insurance against
fire; improve and cultivate its lands; and erect and conduct
suw and other mills. The company hereby incorporated
shall be authorized to borrow money or to issue its bonds,
bearing a rate of interest not exceeding ten per centum per
annum, and to sell their bonds at not less than seventy-five
per centum of their par value; and to execute and deliver,
with the consent of the holders of a majority of its stock,
all proper mortgages or deeds of trust to secure the payment
of the principal and interest of money so borrowed or of
bonds so issued.

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