Chap. 354.—An ACT to Incorporate The Giles County, Iron Company.
| Approved April 80, 1874.

1. Be it enacted by the general assembly of Virginia, That
William E. Coffin, of Boston, Massachusetts; William P. Hunt,
of Boston, Massachusetts; John H. Read, of Boston, Massa-
chusetts; Fromer, W. Andrews, of Boston, Massachusetts;
Edmun H. Bennett, of Taunton, Massachusetts; Thomas
Freebonn, of New York; David A. French, of Giles county,
Virginia; George W. Easley, of Giles county, Virginia, and
such other persons as they may associate with them hereaf-
ter, be and they are hereby created and incorporated a body
politic and corporate, under the name and st Ae of The Giles

ounty Iron Company, and by that name shall have perpe-
tual succession, and may have a common seal, which they
may alter or renew at pleasure; may sue and be sued, plead
and be impleaded, contract and be contracted with, and make
guch ordinances, by-laws and regulations as they deem neces-
cary for the proper conduct of their business: provided, that
such ordinances, by-laws and regulations be not inconsistent
with the laws of this commonwealth or of the United States.

2. The said company shall have power to purchase and
hold and sell real estate in the counties of Giles and Bland,
Virginia, not exceeding one hundred thousand acres, to mine
and sell iron and other ores on said real estate, to erect fur-
naces for the manufacturing or smelting the same by char-
coal blasts or otherwise, and to erect forges and all buildings
necessary for the carrying on the business of mining and
manufacturing or smelting ore and refining the same, and to
carry on any other mechanical, mining, or manufacturing
business. Said forges, furnaces or buildings may be situate
on the company’s property, in either the county of Giles or
Bland, or in both of said counties. Said company shall have
the right and privilege to make or assist other joint stock
companies, corporations or individuals in making such roads,
tramways or railroads leading from or by their furnace or
furnaces, to connect with other roads, tramways or railroads,
as may be essential or advantageous to their operations: pro-
vided, that no railroad hereby authorized shall exceed fifty
miles in length.

3. The capital stock of said company shall not be less than
fifty thousand dollars nor more than one million dollars, to
be divided into shares of one hundred dollars each, and books
cription to the capital stock may be opened by anr
i the persons hereinbefore named, at such times ani
is they may designate.
1e following named persons, to wit: President, Wil-
. Coffin, and William P. Hunt, John H. Reed, Edmen
nett, Thomas Freeborn, William EK. Coffin, director.
omer W. Andrews, treasurer, shall be persons to mar-
affairs of the company the first year; and their suc-
shall be chosen in such manner, and at such times, s
ckholders shall prescribe in a code of by-laws to be
| by them in general meeting assembled..
1e principal office of the said company, for the time
hall be situate in the city of Boston, Massachusetts,
e privilege of establishing branch offices at the com
works in the counties of Giles or Bland, or elsewhere,
ecessities of the company may require.
id company is hereby generally invested with all the
powers and privileges, and shall be subject to all the
egulations and restrictions, prescribed by the Code c
a, in regard to such bodies corporate and politie, so
the same are applicable to and not inconsistent with
nts and privileges herein granted.
1is act shall be in force trom its passage, and shall be
to amendment, alteration or modification, at the
e of the general assembly.

355.—an ACT to incorporate the Southside Mining Compary.
Approved April 80, 1874.

» it enacted by the general assembly of Virginia, That
J. Hundley, Harvey Beckwith, Nelson T. Patteson,
rgeant, Gilbert C. Walker and Thomas Graham, their
les and successors, shall be and they are hereby cre.
id constituted a body politic and. corporate, by the
nd style of the Southside Mining Company; and a
all have perpetual succession, may have a seal, and
ne change or renew at pleasure, may ordain and e
such by-laws, ordinances and regulations, as they may
ise, and generally shall have all the rights, privileges.
seq and immunities of a corporation, with full powers to
y act and thing necessary to the carrying out of the
res and the due execution of the functions herein
ed.

16 capital stock of said company shall not be les
ve hundred nor more than two thousand shares
par value of one hundred dollars per share; and
y out the objects of the company, the stockholders
1ve power from time to time to issue the bonds of the
iy, bearing such rates of interest, not exceeding ten
per centum per annum, and payable at such times and places,
as they may designate; or, they may issue both stock and
bonds, and dispose of either or both of the same at such price,
and in such way and manner, as they nay deem expedient;
and shall have power to secure the principal and interest of
said bonds, by mortgage or mortgages, or deed or deeds of
trust, upon the whole or any parts of the property and cor-
porate rights of said company. :

3. The said company shall have power to mine, purchase,
sell and transport iron ore, limestone, coal, and. other mine-
rals, and generally to engage in mining and manufacturing
operations in the county of Buckingham and adjacent coun-
ties, and in the sale of articles mined or manufactured by
itself, and in the transportation of the same to market, and
for this purpose the said company shall have power to ac-
quire, from time to time, by purchase, lease, or otherwise,
such lands and other property as it may deem expedient, and
may lease, mortgage, sell, or otherwise dispose of the same,
or any rights, easements, or privileges therein, and construct
thereon all buildings, furnaces, forges, machinery and fixtures
necessary for its operations, and lay out, construct and ope-
rate such roads, tramways and railways as may be necessary
for the working of its mines and works, and the transporta-
tion of the products thereof to market, and for this purpose
shall have power to contract with persons for the right of
way.

rd Subscriptions to its capital stock may be received by
said company in lands or other property at such price as may
be agreed upon, and other corporations may subscribe to its
capital stock or guarantee its bonds, and in like manner it
may subscribe to the capital stock or guarantee the bonds of
other corporations. The capital stock of said company shall
be considered personal property, transferable upon such terms
and in such manner as its by-laws may prescribe, and each
share of stock shall entitle the holder thereof to one vote at
all stockholders’ meetings.

5. The affairs of said company shall be managed by a board.
of six directors, one of whom shall, by them, be elected presi-
dent, and such other officers and agents as they may. appoint.
The board of directors and president shall be elected annually,
on the firét Tuesday of April, in each year, or as soon there-
after as may be best during the present year, and until their
successors are duly elected, the persons named in the first
section of this act shall constitute the first board of directors,
one of whom shall be elected president of said company, at
the first meeting of those named as above after notification
to all of the time and place of such meeting, which meeting
may be called at any time by any two of them, and upon
such election of president and the subscription of the mini-
mum amount of capital stock named, said company shall be
considered organized, and may proceed to the selection of
other officers and agents and the transaction of business.
None but stockholders shall be directors, and the board of
‘Vacancies; how directors may fill any vacancies occurring between antz

supplied

meetings, and the stockholders may increase or diminish 5

* number of directors.

Principal office
Branch offices

Commencement
Charter under

control of legis-
dature

‘Corporate pow-
ers

6. The principal office of said company shall be in the «:
of Richmond, with such branch offices elsewhere as the c=
pany may establish.

7. This act shall be in force from and after its pasa
subject, however, to modification, at the pleasure of the z:
eral assembly, in any manner not inconsistent with rigi
hereunder acquired. |