Chap. 348.—An ACT to incorporate a Company by the name of The
Prince Edward Academy Company of the County of Prince Edward.

Approved Marcl@31, 1875.

1. Re it enacted by the general assembly of Virginia, That
William R. Berkeley, B. Worsham, R. 8S. Hines, A. J. Price,
J. D. Eggleston, J. P. Smith, J. M. Venable, A. D. Dickinson,
‘R. M. Dickinson, J. P. Fitzgerald, R. B, Berkeley, C. C. Bass,
Richard Stokes, G. W. Claibourne, J. M. P. Atkinson, J. W.-
Bondurant, J. B. Price, and J. J. Dickinson, and their suc-
cessors, be and hereby are constituted an incorporated com-
pany, under the name of Prince Edward Academy, and as
such may sue and be sued; may have a common seal; and
may buy and hold real estate in the county of Prince Ed-
ward, :

2. That the capital stock of said company shall be not less
than fifteen hundred dollars, nor more than five thousand
dollars, to be divided into shares of the par value of twenty-
five dollars each, payable at such times and in such propor-
tions as a majority of such stockholders may in yeneral
meeting determine, or at such times and in such proportions
as the board of trustees, elected by a majority of such stock-
holders in general meeting assembled, may determine.

3. The place of business of said company shall be at Wor-
sham, in the county of Prince Edward. The officers of said
company shall be a board ot trustees, composed of nine of
the stockholders therein, (one of whom shall be president),
to be elected by a majority of such stockholders in general
meeting assembled, and a secretary, who shall also be the
treasurer of said company, to be elected in like manner.

4. A majority of the stockholders of said company, in
general meeting assembled, shall have power to pass rules,
regulations, and by-laws, for the government of the same,
and for the transaction of the business of said company,
which, when passed by a majority of the stockholders com-
posing such meeting, shall be binding upon all of such stock-
holders: provided, that the real estate so bought and held
by said company shall Jie in the county of Prince Edward,
and shall not exceed one hundred acres in quantity: and
provided further, that said real estate shall be used for the
purpose of establishing and maintaining and supporting an
academy, under such rules, regulations and by-laws as said
stockholders or said trustees may adopt in the mode herein-
before provided.

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