Chap. 95.—An ACT to incorporate The Newmarket Female Institute
Association.

Approved February 26, 1876.

1. Be it enacted by the general assembly of Virginia, That
D. F. Kagey, G. R. Calvert, D. S: Henkel, S. P. C. Henkel,
L. P. Henkel, J. P. Brock, L. M. Henkel, J. W. Clinedinst,
C. C. Henkel, W. T. Rosenberger, A. 8S. Miller, Charles E.
Rice, T. L. Williamson, Henkel & Company, J. G. Meem,
Junior, R. C. Bownan, J. Paul Stirewalt, 8. P. Shirley, A. J.
Holtzman, W. H. Rice, F. E. Rice, B. T. Bownan, W. D.
Peachey, John A. Roller, and General Gilbert S. Meem, and
such other persons as are now associated, or may hereafter
become associated with them, are hereby created and de-
clared to be a body corporate, by the name of Newmarket
Female Institute Association. The object and purpose of
this joint stock company is to establish a high school for
females.

2. The said corporation shall have power to make and
adopt a constitution and by-laws, rules and regulations for
the admission and expulsion of its members, and their gov-
ernment, and for the government of teachers and students;
rates of tuition.; to fix the payments to be made on capital
stock subscribed ; the election of its officers and define their
duties; and for the safe-keeping and protection of its pro-
perty and funds; and from time to time to alter or repeal
such constitution, by-laws, rules, and regulations; and to do
all and every other necessary and proper thing to contribute
to the successful and complete operation of said institute
school: provided, that the same be not inconsistent with the
constitution of the United States, or of the state of Virginia.

3. The said corporation shall have power to confer such
diplomas and literary titles as they may think best calculated
to promote the cause of education.

4. The minimum capital stock of said corporation shall
be two thousand dollars, but may be increased at the will of
said corporation to an amount not to exceed fifty thousand
dollars. It shall have power to purchase and hold, or lease
or pledge, mortgage or convey in trust, for the security and
payment of money borrowed, or any debt contracted, any
real or personal estate; to construct suitable buildings, and
hold franchises, subject to the provisions of the statute law
of Virginia: provided, however, that it shall not hold any
real estate exceeding five acres of land, nor any personal
estate exceeding fifty thousand dollars in value.

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