Chap. 186.--An ACT to ineorporate the Bedford Alum and Todine
Springs Company.

Approved March 20, 1877.

1. Beit enacted by the general assembly of Virginia, That
William T. Yancey, E. P. Goggin, A, M. Davies, E. A. Craig-
hill, Jobn W. Daniel, or any three of them, and such persons
as they may associate with them, be and they are hereby
created a body politic and corporate, under the name and
style of The Bedford Alum and Iodine Springs Company, for
the purpose of purchasing and operating the Bedford alam
and iodine springs estate, in the county of Campbell, and
under that name and style shall have perpetual succession
and a common seal, with power to sue and be sued, plead and
be impleaded, contract and be contracted with, and bave all
the attributes of a corporation under the laws of this state,
so far as the same are applicable.

2. The capital stock of said company may be any amount
not exceeding one hundred thousand dollars, to be divided
into shares of twenty-five, fifty or one hundred dollars each,
as the corporation may determine. The corporation may
acquire and hold lands in the counties of Campbell and Bed-
ford, not exceeding five hundred acres; may erect buildings
and other improvements for the accommodation and enter-
tainment of visitors and for the manufacture of mass; may
engage in the mercantile business, subject to the provisions
of the license laws of this state, upon thcir premises, enter
into contracts of sale and lease, improve and cultivate its lands,
and conduct saw and other mills. .

3. The stockholders may adopt a constitution and by-laws
not inconsistent with this charter and the gencral statutes of
the state; may elect a president and such number of direc-
tors as they may determine, and, at their option, a secretary
and treasurer, and fix the compensation of officers, should
they deem it advisable. The scale of voting shall be regu-
lated by the provision of the Code of eighteen hundred and
seventy-three. The terms of officers may be fixed by the
stockholders, and when chosen, they shall hold over until
their successors are elected or appointed.

4, The said company may borrow -‘money and secure the
same by coupon bonds, or other commercial securities; and,
if it pleases, by mortgage or deeds of trust on its real and
personal estate.

3. The shareholders shall not be liable individually for cor-
porate indebtedness, other than to the extent of their shares
in the corporate property held respectively by them.

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