CHAP. 91.—An ACT to incorporate the Mount Alto Mining and Land
Company of Virginia.

Approved February 19, 1880.

1. Be it enacted by the general assembly of Virginia, That
W.C. Roane, Benjamin Yancey, O. M. Steward, S. E. Ran-
dolph, F. W. Lewis and P. H. Woolfolk, of the city of Rich-
mond, and their associates and successors, be and they are
hereby created a body politic and corporate by the name of
The Mount Alto Mining and Land Company of Virginia, and
by that name shall have perpetual succession ; may sue and be
sued in all the courts of law and equity in this state or else-
where; may have, make and use a common seal, and the same
break, alter or change at their pleasure; may make, ordain,
establish, alter or amend such by-laws, ordinances and regu-
lations concerning and governing all points of organization
and business not herein specifically provided for as they may
think wise, and generally may do every act and thing neces-
sary to carry into effect this act, or to promote the objects and
designs of the corporation: provided, that such by-laws, ordi-
nances, regulations or acts be not in conflict with the laws of
this state or of the United States.

2. The company, when fully organized, shall have power to
purchase, hold and dispose of, in such quantities as they may
deem proper, real estate, including farming lands, timbered
lands and mineral lands in the state of Virginia, not exceed-
ing in quantity at any one time one hundred thousand acres
and to improve and develop the same.

3. The capital stock of the company shall not be less than
five thousand dollars, and not more than five hundred thou-
sand dollars. to be divided into shares of two dollars each,
and that the corporators hereinbefore named and their asso-
ciates may, so soon as the sum of five thousand dollars is sub-
scribed and ten per centum thereof actually paid up in cash,
proceed to perfect a permanent organization of the company
by the election of a president, superintendent and six direct-
ors, who shall be residents of the state of Virginia.

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

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