Chap. 618.—An ACT to amend and re-enact an act entitled an act to incorporate
the General athletic association of the University of Virginia.

Approved March 1, 1898.

1. Beit enacted by the general assembly of Virginia, That the act
of the general assembly of Virginia entitled ‘‘An act to incorporate the
General athletic association of the University of Virginia,’’ approved
January fifteenth, eighteen hundred and ninety-four, be amended and
re-enacted so as to read as follows: ,

§ 1. Beit enacted by the general assembly of Virginia, That E. Hope
Norton, R. C. Blackford, J. Porter Parker, J. Markham Marshall, R.
D. Anderson, R. E. E. Marshall, J. Breckenridge Robertson, or such of
them as shall accept this act, with such other persons as may hereafter
be associated with them and their successors be, and they are hereby,
constituted a corporation to be know as the General association of the
University of Virginia, by which name they shall have perpetual suc-
cession and a common seal, which they may alter at pleasure, shall sue
and be sued, shall have and exercise all the rights, powers, and privi-
leges pertaining to corporations under the laws of this commonwealth.

§ 2. The object of the corporation shall be to promote athletics at the
University of Virginia.

§ 3. The said corporation may acquire, by purchase, gift, grant,
devise, bequest, or in any other lawful manner, hold any property, real
and personal, not to exceed one hundred thousand dollars, and may
sell, transfer, encumber or otherwise dispose of the said property as it
may see fit; and all property and the rents, issues, profits and income
thereof shall be wholly exempt from taxation while held by the said
corporation.

§ 4. The corporation shal], when fully organized, consist of all the
matriculated students and alumni of the University of Virginia, and
such others as by vote of the corporation may be associated with them;
and no member shall be individually liable for the debts of the corpora-
tion.

§ 5. The officers of the corporation shall bea president, a secretary, a
treasurer, and such others as the corporation may appoint.

§ 6. The general meetings of the corporation shall be held annually at
such times and places as the corporation may determine. At all meet-
ings each member of the corporation personally present shall be entitled
to one vote, and after it shall have been fully organized, twenty-five
members shall constitute a quorum for the transaction of business.

§ 7. In case of a dissolution of said corporation, whether by forfeiture
of this charter or otherwise, all the property and effects of said corpora-
tion, after payment of its debts and liabilities, shall vest in the rector
and board of visitors of the University of Virginia for the purpose of
promoting athletics at said university.

§ 8. Said association is hereby authorized to raise such a sum of money
as shall be needed for the purpose of improving its athletic field not to
exceed ten thousand dollars. That forthe purpose of raising such funds
the said association is hereby authorized -to issue and place upon the
market shares of stock not exceeding one thousand in number, at the
par value of ten dollars per share, and if it shall see fit to guarantee a
dividend thereon not exceeding ten per centum per annum. The hold-
ers of such shares shall be entitled to all the rights and privileges of
members of said association under this charter, as well as to the additional
rights as holders of such stock guaranteed or otherwise issued by said
association.
2. This act shall be in force from its passage.