Chap. 244.—An ACT to incorporate the Virginia blood horse
association, of the city of Richmond.

Approved February 16. 1892.

1. Be it enacted by the general assembly of Virginia,
That Edward G. White, Avery W. Ready, Charles L. Guy,
Chauncey D. Short and George W. Eldridge, of the city
of New York, their associates and successors, be, and
they are hereby, incorporated and made a body politic
and corporate, under the name and style of the “ Virginia
blood horse association,” and by that name shal! be known
in law, and have perpetual succession, and have the
power to sue and be sued, plead and be impleaded, defend
and be defended in all courts, whether in law or in equity,
and shall have power to make and have a commun seal,
to alter or renew the same at pleasure, and shall have,
enjoy and exercise all the rights, powers, privileges and
franchises contained in this charter, or which may be
necessary for the full enjoyment of the rights, powers,
privileges and franchises herein contained, and may
make by-laws and regulations for the government of all
under its authority, the management of its properties,
and for the due and orderly conduct of its business and
affairs.

2. The objects of this association are the raising, im-
proving and breeding of horses by providing proper
ground and track for exercising, training and exhibiting
the same, and proper accommodation for the government of
such exhibitions and the distribution of such premiums
and certificates of merit as shall be prescribed by the by-
laws of said association.

3. The capital stock of this association shall be not less
than five thousand dollars, nor more than one hundred
thousand dollars, and shall be divided into shares, the par
value of which sha]! be one hundred dollars each; and the
board of directors may sell said shares of said stock, or
any part thereof, at such prices as they may deem to be
for the best intereats of the association, and may receive
real or personal property or services, in payment therefor,
at such valuation as may be agreed upon between the said
directors and the purchasers.

4. The said association is authorized and empowered to
purchase, hold, own, lease, improve and control, or'in any
manner grant, ‘bargain, sell, mortgage, convey, and other-
wise dispose of real and personal properties, of any kind;
provided, that the said association shall not own in fee
more than five thousand acres of land in any one county
of this state at any one time; and said association may
own, contro] and maintain upon its said lands club-houses
and stables, or other buildings for the entertainment,
lodging or keeping of man or beast, or of its members and
guests.

5. The directors shall appoint from among their num-
ber a president, treasurer and secretary, and such other
officers and agents as shall be prescribed by the by-laws.

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