Chap. 294.—An ACT to incorporate the Warren mining company.
Approved April 2, 1877.

1. Be it enacted by the general assembly of Virginia, That
Leroy Leach, Abraham Forney, Gustavus A. Simpson, Mar-
cus C. Richardson, Green B. Samuels, William Y. Lovell,
Thornton V. Leach, and Samuel H. Beaty, their associates
and successors, shall be, and they are hereby created and
constituted a body politic and corporate, by the name and
style of The Warren Mining Company; and as such shall
have perpetual succession; may have a seal, and the same
change or renew at pleasure; may ordain and establish such
by-laws, ordinances, and regulations, as they may deem wise;
and generally shall have all the rights, privileges, franchises,
and immunities of a corporation, with full powers to do every
act and thing necessary to the carrying out of the privileges
and the due execution of tbe functions herein conferred.

2. The capital stock of said company shall not be less than
five hundred por more. than two thousand shares, of the par
value of one hundred dollars per share; and to carry out.the
objects of the company, the stockholders shall have power
from time to time to issue the bonds of the company, bear-
ing the legal rate of interest, 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 may deem expe-
dient; and sball have power to secure the principal and in-
terest of said bonds, by mortgage or mortgages, or deed or
deeds of trust, upon the whole or any parts of the property
and corporate rights of said company.

3. The said company shall have power to mine, purchase,
sell, and transport copper and iron ore, limestone, coal, and
other minerals, and generally to engage in mining and man-
ufacturing operations, in the county of Warren, and adjacent
counties, 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
acquire, 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 fix-
tures, necessary for its operations; and lay out, construct,
and qperate such roads, tramways, and railways, as may be
necessary for the working of its mines and works, and the
transportation of the products thereof to market; and for
this purpose shall have power to contract with persons for
the right of way.

4. 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 compan
shall be considered personal property, transferable upon stich
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 uf directors and president shall be elected annu-
ally, on the first Saturday of April in each year, or as soon
thereafter as may be best during the present year. None
but stockholders shall be directors, and the board of direc-
tors may fill any vacancies occurring between annual meet-
ings, and the stockholders may increase or diminish the num-
ber of directors. Public notice of the time and place of the
annual meeting of the stockholders, for the election of direc-
tors, shall be given in such manner as may be prescribed: by
the by-laws of said company; and the company shall not be
dissolved by the fuilure to elect such directors at fhe time
and place named.

6. Upon the election of the directors and president, and
the subscription of the minimum amount of capital stock
named, said company shall be considered organized, and may
proceed to the transaction of business.

7. The principal office of said company shall be in the
town of Front Royal, with such branch offices elsewhere as
the company may establish.

8. This act shall be in force from and after its passage;
subject, however, to modification, at the pleasure of the gen-
eral assembly, in any manner not inconsistent with rights
hereunder acquired.