Chap. 239.—An ACT to Incorporate the Pamunkey Marl, Mining, and
Manufacturing Company of Virginia.

Approved July 9, 1870.
1. Be it enacted by the general assembly of Virginia, That
Wm. D. Pollard and Wm. M. Stehley, of King William

county; John H. Stehley, of Berkeley county, West Virginia;
S. T. Charlton, of Harrisburg, Pennsylvania; and Abner Cas-
sell, of Dauphin county, Pennsylvania, their associates and
successors, be and they are hereby created a body corporate
and politic by the name and style of The Pamunkey Marl,
Mining, and Manufacturing Company of Virginia.

2. The capital stock of said company shall be not less than
one hundred thousand dollars, divided into shares of fifty dol-
lars each; but whenever ten thousand dollars of said capital
stock have been actually paid up and deposited in the office of
the Richmond banking and insurance company, or in any bank
in the city of Richmond, the above-named corporators and
their associates, if any, shall be authorized and empowered to
organize said company by the appointment of a president,
secretary, and treasurer, and the adoption of such ordinances,
by-laws and regulations, not inconsistent with the general law
of the state, as may be deemed requisite and necessary for the
proper management of the affairs of said company.

3. That said company shall have perpetual succession, a
common seal, which they may break or alter at the pleasure
of the president and directors, may sue and be sued by their
corporate name, and shall be invested with all the rights and
privileges, and subject to all the limitations .and restrictions
applicable by general law to corporations of this character.

4, The said company may acquire by purchase or otherwise,
and hold lands on and adjacent to the Pamunkey river, not
exceeding five thousand acres at one time, for the purpose of
digging and operating the green sand deposits thereon, work-
ing other ores and minerals that may be developed, and manu-
facturing the same into such forms as the demands of com-
merce and the necessities of agriculture may require. They
may build all necessary wharves into and upon said river, and
construct roads upon their own or the lands of others: pro-
vided, that privilege so to do is previously obtained by treaty
or contracts with such proprietors; may build, purchase, or
charter vessels propelled by wind or steam, to be used in the
transportation service of said company, and do all other
things needful for the success of the company hereby in-
corporated.

Dd. The said company may, by order of the president and
directors, issue from time to time, stock in shares of fifty dol-
lars each, to an amount not exceeding five hundred thousand
dollars, and thereafter, if the works, machinery, buildings,
shipping, or other transportation service, purchase or lease
of lands, rights, or privileges require, may issue additional
stock by and with the assent and approval of two-thirds of
all the stockholders in general meeting, either regular or spe-
cially called, to consider the subject.

6. For the first twelve months after the passage of this act,
the corporators herein named, shall constitute the board of di-
rectors, and they may choose one of their own number as
president, and appoint a secretary and treasurer for said com-
pany. But after the expiration of said twelve months, the
whole number of stockholders shall be convened in general
meeting to be held in the city of Richmond, and each stock-
holder shall be entitled to one vote for each share of stock
held by him or her; at which meeting, a board of directors,
not less than three nor more than five, shall be chosen, and
they to choose or appoint a president and all other neces-
sary officers to manage and conduct the affairs of said com-
pany.

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