Chap. 23.—An ACT to incorporate the Old Dominion Gold Mining Com-
pany of Virginia.

Approved March 28, 1870.

1. Be it enacted by the general assembly, That William B.
Buck, Joseph G. Mitchell, Parker Owens, J. W. Bradley, John
H. Smith, Emmons T. Mockridge, and William S. Hassell, and
their associates, successors and assigns, are hereby incorpo-
rated and made a body politic and corporate, by and under the
name, style and title of The Old Dominion Gold Mining Com-

any of Virginia, for the purpose of mining, smelting, assay-
ing, manufacturing and selling ores, earths and minerals of
every description, and for sawing, manufacturing and selling
lumber, and for other milling purposes, and for buying an
selling such things as appertain to their business, and of hold-
ing and improving lands, and of leasing or disposing of privi-
leges to work or mine, or sejl such lands, or any part or
portion thereof, and to erect houses, and such other buildings
or works, as may properly appertain to their business; and to
use, mortgage, let, lease or work the same, and to dispose of
the products of all such mines, works and lands, in the county
of Spotsylvania, as they may deem proper; and of construct-
ing, if deemed advisable, a private telegraph line connecting
the office at the mines with the telegraph office in Fredericks-
burg, or any other more convenient point; and by such name
and title they are hereby invested with all the rights, powers
and privileges, and subjected to all the rules, regulations and
restrictions, prescribed by the fifty-sixth and fifty-seventh
chapters of the Code of Virginia for the government of such
bodies politic and corporate, and shall have all the general
powers, and be subject to all the general restrictions, provided
by the Code of Virginia, so far as the same may be applicable
to, and not inconsistent with, the rights and powers herein
granted.

2. The minimum capital stock of said company shall not be
less than one hundred: thousand dollars, to be divided into
shares of not less than one hundred dollars each. They shall
have the right to purchase, hold, mortgage, lease, work, mine,
and sell lands as aforesaid, in the county aforgaid, not exceed-
ing five thousand acres at any onetime. It shall be lawful
for said company to establish the necessary offices, for the
transaction of the business of the company, wherever they
deem proper; but the principal office of the company is to be
kept, and the chief business transacted, at the mine in Spotsy]-
vania county, state of Virginia.

3. The affairs of said company shall be managed by a board
of directors, one of whom shall be president, who shall be
chosen by the stockholders; but the officers who shall for the
first year manage the concerns of the company, shall be Wil-
liam B. Back, president, Joseph G. Mitchell, treasurer, Wil-
liam F’. Hassell, secretary, and M. H. Kollock, superintendent,
and a board of directors, who shall be appointed by the above-
named persons, and all of whom shall hold their offices until
their successors are duly elected.

4. The subscription of stock may be paid in real or personal
estate, appropriate to the business contemplated, at a bona fide
valuation, to be agreed on by a majority of the stockholders.
The said company shall have power to make and adopt such
by-laws as they may deem proper to enable them to carry out
the objects of the corporation, and the same to alter, amend,
add to or repeal at their pleasure: provided, that such by-laws
shall not be contrary to the constitition of this common-
wealth, or the provisions ot this act; and to adopt a common
seal, and the same to alter at pleasure; and to issue certifi-
cates of stock or bonds at their discretion, representing the
value of their property, in such forms, and subject to such
regulations, as they may, from time to time, by their by-laws
provide; and to regulate and prescribe in what manner and
form their contracts and obligations shall be executed.

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