CHAP. 196.—An ACT to incorporate the Seaboard Manufacturing
Company.

Approved February 25, 1880.

1. Be it enacted by the general assembly of Virginia, That
William B. Rogers, Edward G. Rogers, A. W. Nicholas, and
their associates and successors, are hereby created and consti-
tuted a body politic and corporate, by the name and style of
The Seaboard Manufacturing Company, for the purpose of the
general manufacturing of leather, cotton, tobacco, soap, lum-
ber, and so forth; and by that name and style shall have per-
petual succession, may sue and be sued, contract and be con-
tracted with, plead and be impleaded, have a common seal and
change the same at pleasure, and shall have all the rights and
privileges of a corporation, and be subject to all the rules,
regulations, and restrictions imposed by the Code of Virginia
in relation to joint stock companies, so far as they are applica-
ble to and not inconsistent with the provisions of this act.

2. The capital stock of said company shall not be less than
five thousand dollars, with the privilege to increase the same
from time to time, by a vote of the stockholders, at annual or
special meetings, to a sum not exceeding one hundred thousand
dollars.

3. The said company shall have power to construct suitable
works for manufacturing, and shall have power to acquire and
hold for the purpose aforesaid real estate not exceeding ten
acres.

4. Any incorporated body located or doing business in the
county of Norfolk shall be authorized to subscribe for and
hold stock in this company. ;

5. The said company shall have power to make, from time to
time, such by-laws and regulations as it may deem necessary
and proper for the management of the affairs; may fix the
number of its directors and other officers, and prescribe the
manner of their election or appoinment, their several terms of
service, and their powers, duties, and compensation. In all
general or special meetings of the company, the stockholders
present, in person or by proxy, shall be entitled to a vote on
each share of their stock, a majority of the stock being re-
quired to constitute a legal meeting. Oo

6. The said company shall have power to borrow money and P
to execute a deed of trust or mortgage upon the property and “
franchises to secure the same.

7. The personal liability of any and every stockholder shall P
be limited to the amount of stock held by each stockholder, ?
and the stock can only be transferred by the noting of the
same on the books of the company.

8. This act shall be in force from its passage. c