Chap. 191.—An ACT to permit the Qualified Voters of Northumber-
land County, to vote on the Disposition of the Glebe Fund.

Approved March 27, 1676.

1. Beit enacted by the general assembly of Virginia, That
it shall be the duty of the several officers conducting elec-
tions in the county of Northumberland, at the times and
places for holding the general election, on the first Tuesday
after the first Monday in November, eighteen hundred and
seventy-six, to prepare a separate ballot-box for each voting
precinct, in which shall be deposited the ballots of the then
qualified voters who shall desire to vote upon the question of
the application of the Glebe fund of said county to the build-
ing of public school-houses in said county. Notice of such
election shall be posted at each election precinct in said
county for at least thirty days before the day of election, by
the county school board of said county. The said ballots
shall be respectively as follows: “For applying the Glebe
fund to the building of public echool-houses;” “Against ap-
plying the Glebe fund to the building of public school-houses.”
Each ballot so cast, which shall havi written or printed
thereon, “For applying the Glebe fund to the building of
public school-houses,” shall be taken and counted as a vote
for applying the Glebe fund to the building of public school-
houses; and such ballots so cast, which shall have written or
printed thereon, “Against applying the Glebe fund to the

uilding of public school-houses,” shall be taken and counted
as a vote against said application.

2. The manngr of receiving and canvassing the ballots cast
at such election, on the question of applying the-Glebe fund
to the building of public school-houses, and making returns
and abstracts of the result thereof, shall conform, in all re-
spects, to the regulations prescribed by the general election
laws of this state, except, that the certificate of the judges
of election shall be as follows:

We hereby certify, that at the election held
votes were cast “For applying the Glebe fund to the building
of public school-houses,” and votes were cast “ Against
applying the Glebe fund to building public school-houses.”

Judges.

EE YO

4 } Clerks.
P

And provided further, that the commissioners of election
shall make, on a separate sheet, an abstract of said votes, for
and against such application, which abstract shall be duly
signed by said commissioners, and deposited in the office of
the clerk of the county court of said.county.

3. And if from such returns and abstracts of votes, it shall
appear that a majority of those voting at said election have
voted in favor of applying the Glebe fund to the aforesaid
purpose, then it shal be the duty of the county court to en-
ter upon its records an order requiring the school trustees of
said county to apply the Glebe fund to the building of public
school-houses; but if a majority of those so voting at said
election, shall vote against said application, then said fund
shal] continue as heretofore.

4. This act shall be in force from its passage.
Chap.192.—An ACT to incorporate The Central Virginia Life Insur-
ance Company of Richmond, Virginia.

Approved March 27, 1876.

1. Be it enacted by the general assembly of Virginia, That
William P. Courtney, William F. Harwood, John M. Evans,
William Campbell, William F. Chandler, Robert L. Monta-
gue, and J. H. C. Jones, and all and every person hereafter
becoming members of the said Central Virginia life insurance
company of Richmond, Virginia, be and they are hereby con-
stituted and made a body politic and corporate, by the name
of The Central Virginia Life Insurance Cofnpany of Rich-
mond, Virginia; and by that name shall and may have per-
petual succession, and be capable in law, of renting, leasing,
purchasing, holding, improving, and disposing of such real
and personal property only as may be necessary for the ob-
jects of this incorporation hereinafter set forth; and may sue
and be sued in all courts of law and equity; and may receive
and make all deeds, transfers, conveyances, grants, contracts,
and bargains necessary for the said purposes; and may have
and use a common seal, and generally may do every other
act or thing necessary to carrying into effect the provisions
ot this act: provided, that the capital stock of said company
shall not exceed five hundred thousand dollars.

2. That William P. Courtney, Benjamin F. Cook, Andrew
L. Haynes, Philemon T. Woodward, and Thomas R. B.
Wright, are hereby appointed and made commissioners, ally
two or more of whom may act as such, for opening books of
subscriptions for the capital stock of said company, which
they may do at such time and places as they may deem ex-
pedient. )

3. That the stockholders of said company shall be divided
into four several classes, be arranged according to the ages
of said subscribers: the first class to be made up of persons
between the ages of sixteen and thirty years, inclusive; the
second class, between the ages of thirty @nd forty-five years;
the third class, of persons between the ages of forty-five and
sixty years; and the fourth class, of persons between the
ages of sixty and seventy years.

4, That persons of the first class shall be required, in or-
der to become members of the company, to subscribe ten
dollars each, and pay to the agent one dollar in cash; per-
sons of the second class, to become members of the company,
shall be required to subscribe fifteen dollars each, and pay to
the agent one dollar in cash; that persons of the third class,
to become members of the company, shall be required to sub-
scribe twenty dollars each, and pay to the agent one dollar
in cash; and that persons of the fourth class, to become
members of the company, shall be required to subscribe
twenty-five dollars each, and pay to the agent one dollar in
cash. :
' 5. That the subscription of no stockholder shall be paid,
nor shall the company have any corporate existence, until
there shall be, as provided in last preceding section, one
thousand subscribers, of any one of the said classes, which
shall entitle that class alone to the benefit of this act of in-
corporation: provided however, that so soon as either one or
all of the other classes shall have obtained one thousand sub-
scribers, that then it or they (as the case may be), shall be
entitled to the benefit of this act, and the commissioners,
hereinbefore appointed to open books of subscriptions, shall
notify the board of directors hereinafter provided for.

6. That the payment of ten dollars by each of the first
class, and the annual payment of two dollars and fifty cents,
and the further payment of one dollar and ten cents, upon.
the death of any member of that class, shall entitle said sub-
scriber to have paid to his personal representatives, his heirs
or assigns, the sum of one thousand dollars at his death.
That the payment of fifteen dollars by each member of the
second class, and the annual payment of three dollars and
seventy-five cents, and the further: payment of one dollar
and ten cents, upon the death of any member of that class,
shall entitle said stockholder to have paid to his personal
representative, his heirs or assigns, the sum of one thousand
dollars at his death. That the payment of twenty dollars by
each member of the third class, and the annual payment of
five dollars,tnd the further payment of one dollar and ten
cents, upon the death of any member of that class, shall en-
title said stockholder to have paid to his personal representa-
tive, his heirs or assigns, one thousand dollars at his death.
That the payment of twenty-five dollars by each member of
the fourth class, and the annual payment of seven dollars
and fifty cents, and the turther payment of one dollar and
ten cents, upon the death of any member of that class, shall
entitle the stockholder to have paid to his personal repre-
sentative, his heirs or assigns, the sum of one thousand dol-
lars at his death. ) .

7. That when any one of the said classes shall reach, in
number of subscribers, two thousand, that then each mem-
ber of that class shall then be insured for the sum of two
thousand dollars, and when the number of any class has
reached three thousand, then each member of that class
shall be then insured for three thousand dollars, and when
the number of any class has reached four thousand, then
each member of that class shall be then insured for four
thousand dollars, and when the number of any class has
reached five thousand, then.each member of that class shall
be insured for five thousand dollars, to be paid in each case
at the death of any stockholder as aforesaid, or to such person
as he may grant in writing. )

8. That all new subscribers to any of the classes shall be
first placed in the classes where there may be any vacancy
by reason of death or failure to pay on the part of any
stockholder his annual or death premium, so that the classes
may be kept up to their maximum number of five thousand.

9. That so soon as any class shall have reached five thou-
sand in number of stockholders, that it shall be designated
as division A of that class, and there may then be formed
division B of that class, in the same manner, and subject to
the same restrictions and limitations, as hereinbefore provi-
ded for the first five thousand of any one of the said classes.

10. That the officers of said company shall consist of a
president, vice-president, secretary, treasurer, and seven di-
rectors.

11. That William P. Courtney, William F. Harwood, Henry.
R. Pollard, William Campbell, William T. Chandler, Robert
L. Montague,-and J. H. C. Jones, shall constitute the beard
of directors of said corporation, who shall continue as such
directors until they resign, die, or otherwise become incapa-
ble of serving as such, or during the pleasure of the board,
who may by a majority vote remove any one of said direc-
tors, and fill all vacancies in said board.

12. That said board shall elect the president, vice-president,
and secretary and treasurer, who shall continue as such dur-
ing the pleasure of said board. _—

13. That said board shall have authority to pass all by-
laws, and make all regulations necessary to the conduct of
the business of this corporation, not in conflict with this act,
or other laws of the state of Virginia, and the Ufkited States.

14. That the president of the company shall be ex-officio
chairman of the board of directors, and that the vice-presi-
dent shall be ex-officio a member of the said board, and in
the absence of the president, or upon the vacancy of that
Office, he shall do and perform all acts or things that the
president might lawfully do.

15. That the secretary and treasurer shall act as recording
and corresponding secretary of the board of directors, and
shall perform such other duties as may be prescribed by the
board. |

16. That the members of the board shall receive for their
services a per diem of five dollars for every day they are in
session and all necessary expenses incurred in attending the
meetings of the board.

17. That the board of directors shall have authority to fix
the salary of the president, vice-president, secretary, and
treasurer. |

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