Chap. 246.—An ACT to Incorporate the Richmond Educational Association.

Approved July 9, 1870.

1. Be it enacted by the general assembly of Virginia, That
A. Washburn, R. W. Manly, J. KE. Farrar, Richard Forrester,
and Samuel Ruth, and their successors, be and are hereby con-
stituted a body politic and corporate, by the name of The
Richmond Educational Association, and shall have perpetual
succession and a common seal, and by the name aforesaid, they
and their successors shall be capable in law, and shall have full
power and authority to acquire, hold, possess, purchase, re-
ceive, and retain to them and their successors forever, any
lands, tenements, rents, goods, chattels, or interest of any kind
whatsoever, which may be given or bequeathed to or by them
purchased for the use of an institution of learning, located in
the city of Richmond, to be called The Richmond Normal
and High School: provided, the same do not exceed one hun-
dred thousand dollars in value; they and their successors shall
have power to transfer, convey, snd dispose of the same in
any manner whatsoever they may judge most useful to the in-
terests and legal purposes of the said institution; and by their
corporate name may sue and implead, and be sued and im-
pleaded; may answer and be answered, in all courts of law
and equity. The above named corporators and their succes-
sors shall be the board of directors of the said corporation.

2. That the purposes of the said Richmond Normal and
High School shall be as follows:

For the instruction of youth in the various common school,
academic, and collegiate branches, and the best methods of
teaching the same; and for the carrying out of these purposes,
the said trustees may establish any departments or schools in
the institution.

8. That the said board of directors, or a majority of them,
shall choose by ballot, a president, secretary, treasurer, and
such other officers and teachers or agents as they shall deem
necessary, and remove the same at pressure, two-thirds of a
quorum concurring in the removal. ‘They shall also take bond
from the treasurer, payable to the Richmond Educational As-
sociation, in such penalty and with sach security as they may
deem reasonable, and conditioned for the faithful discharge of
the duties of his office. Said duties to be prescribed by the
said board of directors. The board of directors may make
contracts in behalf of said institution, and in general, manage
the affairs of the institution.

4. That when there shall be a vacancy in the board of
directors, occasioned by death, resignation, removal, or refusal
to act, the remaining directors, or a majority of them, shall,
on being notified by the secretary or president, supply the
vacancy at the next annual meeting. It shall be lawful for
any three of the directors to call a meeting of the directory
whenever they shall deem it expedient.

5. That the boatd of directors shall have power to increase
their number to nine at any annual meeting; new members to
be elected by ballot, and a majority of the members shall con-
stitute a quorum.

6. That the board of directors may adopt such rules, regu-
lations, and by-laws, not contrary to the laws of this state or
the United States, as they may deem necessary for the good
government of the institution.

7. That it shall be the duty of the board of directors, when-
ever requested by the governor of this state or superintendent
of education, to make a report of the general condition of the
institution to the board of education, to be by them commu-
nicated to the general assembly.

8. That any property held by the Richmond Educational
Association for its legitimate purpose, shall be exempt from
public taxes, so long as any property held by other institu-
tions of learning in Virginia for their legitimate purpose is
exempt; and whenever a tax shall be laid upon the same, if
laid at all, the tax shall not be higher on said institution, in
proportion to the value of its property, than on other institu-
tions of learning in the state.

9. This act shall be in force from the passage thereof.