Chap. 22.—An ACT Incorporating The Rich Mg Mat and
Leather Manufacturing Company, in the County of Washington.

Approved February 3, 1874.

1. Beit enacted by the general assembly of Virginia, That
C. W. Davis, J. O. Shultz, William J: Litteral, R. H. Lipford,
John G. Gobble, Thomas H. Alderson, and such other persons
as may hereafter be associated with them, are hereby incor-
porated and made a body politic and corporate, by the name
and atyle of The Rich Valley Tanning and Leather Manu-
factory, of Washington county, Virginia.

2. The capital of the said company shall not be less than
Books forsub- 3, Books of subscription may be opened in the counties of

Set pened Washington, Tazewell Smyth, and Russell, under the direc-
tion of C. W. Davis, Thomas H. Alderson, William J. Litte-
ral, J. O. Shultz, R. H. Lipford, John G. Gobble, and such
others as they may appoint, any two of whom may act. As

When company 8000 as the sum of six hundred dollars may have been sub-

may organize =gcribed by good and solvent subscribers, and one-third of
that sum shall have been deposited in either of the banks in
Abingdon to the credit of the stockholders, it will then be

President, trea- lawful for the company to proceed to organize itself by the

gurer and ie appointment of a president, treasurer, and five directors, any
three of whom shall constitute a quorum for the transaction
of business by the company.

Duty of tree 4. After the organization of the company, it will be the

His bond duty of the treasurer (he having given bond and security in
such amount as the directors may judge proper) to take
charge of all the moneys of the company, whether on de-
posit or otherwise, and pay it over on the order of the di-
rectors.

Duty of diree 5. It shall be the duty of the directors, after the company

tors is organized, to prepare a code of by-laws for the government

of the company in its business transactions, which shall be

submitted to the stockholders in general meeting for their

adoption.

Objectand busi- 6. The business of the company shall be the manufacture

ness of company of leather, shoes, boots, saddles, harness, and all and eve
other merchantable commodity a.component part of whic
is leather, or such articles as the stockholders may in general
meeting determine, which manufactured articles it may sell
by wholesale or retail.

Real and per~ 7. The company may purchase and hold real estate in the

ronal estate county of Washington not exceeding fifty acres, and such
other property as may be deemed necessary in the transac-
tion of its business, and it may pay for the same in its stock
at its par value.

Rights, powers» 8. In all respects not herein provided for, the said com-

company pany shall have all the rights, powers, and privileges con-

posse to 6oe. erred by chapters fifty-six and fifty-seven of the Code of

Virginia, and to be subject to all the limitations imposed by
said chapters so far as they may not be in conflict with this
act.

Commencement 9, This act shall be in force from its passage, and shall be

and duration of . ‘ : "
charter subject to amendment, alteration, modification, or repeal, at

By-laws