Chap. 373.—An ACT to convert the Lakeside wheel club from a joint stock
company into a social corporation without stock; to extinguish the existing
stock of said corporation; to declare those now entitled to membership to be
members of said corporation; to continue and to validate the said corporation,
its acts and contracts, and to enlarge its powers.

Approved February 17, 1898.

Whereas the Lakeside wheel club was chartered under the laws of
this commonwealth asa joint stock company by the law and equity
court of the city of Richmond on the twenty-fourth day of July, eigh-
teen hundred and ninety-five; and

Whereas the stockholders of said corporation have agreed to surren-
der their stock, which has been fully paid, to the end that the said cor-
poration may be converted into a social corporation: now, therefore,

1. Beit enacted by the general assembly of Virginia, That the said
corporation be, and the same is hereby, converted from a joint stock
company into a social corporation; and that the existing shares of stock
of said corporation be, and the same are hereby, extinguished, and that
the existing members of said corporation and their successors and such
other persons as may be hereafter associated with them be, and they
are hereby, declared to be a body politic and corporate under the
name of the Lakeside wheel club, and as such shall have and exercise
all powers and functions of a corporation under this charter and the
laws of this commonwealth.

2. The present officers, constitution and by-laws of said corporation
shall continue until other officers are elected or said constitution and
by-laws are changed by the club. And all lawful acts and contracts
heretofore made by or with the said corporation are hereby declared to
be valid; all property and rights now belonging to the Lakeside wheel
club shall be vested in the corporation hereby created.

3. The said corporation is formed with the object and shall have the
power to promote the interests of bicycling, golf, other athletic sports,
and social recreation among its members, and for such purposes may
acquire, own, hold, and possess all kinds of apparatus and property,
real and personal, necessary for the carrying out of the objects of its
incorporation; to enter into and make any contract or perform any act
necessary and proper for its benefit and welfare. The amount of real
estate to be held by said corporation shall not exceed tive hundred acres
in any one county.

4, The principal office of the said corporation shall be in the city of
Richmond.

ff % | J.
5. The said corporation shall pay all taxes and dues to the common-
wealth of Virginia in lawful money of the United States, and not in
coupons.

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