CHAP. 110.—An ACT to amend and re-enact section 59, chapter 57,
Code of 1873, as to incorporated companies.

Approved February 27, 1880.

1. Be it enacted by the general assembly of Virginia, That 5 59,.
section fifty-nine, chapter fifty-seven, Code of eighteen hundred Co?
and seventy-three, be re-enacted and amended so as to read as
follows :

§59. Any five or more persons who shall desire to form a app!
intnt etanck camnany far the candnect af any enternrige ar hneaj. force
ness which may be lawfully conducted by an individual or by
a body politic or corporate, except to construct a turnpike to
be constructed beyond the limits of the county, or railroad, or
canal, or to establish a bank of circulation, may make, sign
and acknowledge before. any justice of the peace or notary
public, or county judge, or clerk of a county or circuit court, a
certificate in writing, setting forth the name of the company,
' the purposes for which it is formed, the-capital stock and its
division into shares, the amount of real estate proposed to be
held by it, the place at which its principal office is to be kept,
and the chief business to be transacted, and the names and resi-
dences of the officers who for the first year are to manage
| the affairs of the company. . This certificate may be presented
, to the circuit court of the county, city or town in which the
* principal office of the company is to be located, or to the
judge thereof in vacation. The said court, or judge in vaca-
. tion, shall have a discretion to grant or refuse.tke said persons
a charter of incorporation upon the terms set forth in the said
certificate, or upon such other terms as may be adjudged rea-
4 sonable. If the charter be granted it shall be recorded by the
clerk of the said court in a book to be provided and kept for
a, the purpose, and shall he certified by said clerk to the secre-
ot tary of the commonwealth, to be in like manner recorded in
his office; and thereafter the said court, or the judge thereof
in vacation, may upon the motion of the said company, or of
TY any company to whom heretofore a charter has been granted
-by a court, or on reasonable notice to said company, alter or
, amend said charter, or change the corporate name of said
- company, and such alteration, amendment or change shall be
recorded by said clerk, and in the office of the secretary of the
commonwealth, as hereinbefore provided for recording char-
ters, and shall be as effectual and legal from that time as if
originally a part of said charter; but nothing contained in this
section shall be held or construed as denying to any building
fund ‘association organized and incorporated under the act of
May twenty-ninth, eighteen hundred and fifty-two, and amend-
atory acts, all the rights, powers and privileges and franchises
eranted and vested under said acts to such associations.
+ 2. This act shall be in force from its passage.