Chap. 270.—An ACT to Amend and Re-enact Section One of Chapter Fifty-
Six, Code of 1860.

Approved July 11, 1870.

1. Be it enacted by the general assembly, That section one
of chapter fifty-six of Code of eighteen hundred and sixty, be
amended and re-enacted so as to read as follows:

Ҥ 1. Every corporation, in respect to which it is not other-
wise provided, shall have perpetual succession and a common
seal, which it may alter or renew at its pleasure, and may sue
and be sued, implead and be impleaded, contract and be con-
tracted with, purchase, hold, and grant estates, real and perso-
nal, and make ordinances, by-laws, and regulations consistent
with the laws of this state or of the United States, for the

overnment of all under its authority, for the management of
its estates, and the due and orderly conducting of its affairs.
But every such act of incorporation passed by the general as-
sembly of Virginia, unless it be an act incorporating an inter-
nal improvement company, or if it be for the incorporation of
any other company, unless it be otherwise expressly provided
in the act of incorporation, shall, at any time after fifteen years
from its passage, be liable to be amended, altered, or repealed
by the legislature, as if express provision therefor were made
in such act of incorporation; and every act incorporating an
internal improvement company, unless otherwise provided,
shall be subject to the general laws now in force, so far as
applicable thereto, or otherwise be liable to be amended, al-
tered, or repealed at the pleasure of the general assembly.”

2. This act shall be in torce from its passage.