Chap. 335.—An ACT to incorporate the Virginia quarrying company
Approved April 4, 1877.

1. Beit enacted by the general assembly, That Jobn Lynch.
L. R. Tuttle, Solomon Graves, Jobn Lynch, Jr., Edward C.
Deane, Peleg Barker, George C. Round, and such other per
sons as may be hereafter associated with them, shall be, and
hereby are incorporated and made a body politic and corpo.
rato, by the name and style of The Virginia Quarrying Com.
pany, with all the rights and privileges, and subject to all
the rules, regulations and restrictions (consistent with this
act) contained in the Code of Virginia in relafion to such
corporations. :

2. The capital stock of said company shall not be less than
fifty thousand dollars, nor more than five hundred thousand
dollars, in shares represented by certificates of such denomi-
nations as the company may determine.

3. That said company may have power to operate and work
such quarries as it may purchase or lease, in any part of the
state of Virginia; and may construct, maintain and operate
railways and tramways to transport the product of its quar-
ries to the nearest line of railway.

4. That any two of the persons named in this act may call
the first mecting of the company for organization after bavinz
obtained subscriptions to the capital stock of not less than
ten thousand dollars, at least fifty per centum of which amount
shall be in cash, and the balance may be in lands necessary
for the operations of said company.

3. That said company shall be authorized and empowered
to borrow a sum not exceeding one hu ndred thousand dollars.
and not exceeding one-half the amount of the actually paid
up capital at the time such loan is made; and to secure the
same, may issue bonds, coupon or registered, and dispose of
the same on such terms as may be deemed for the best in-
terests of the company; and the president and directors are
authorized to execute a lien on all property, rights and fran-
chises of the company existing at the time of said loan or
thereafter acquired.

6. The president and directors may enact such by-laws and
regulations for conducting the affairs of the company as they
may deem expedient, the same being consistent with the
laws of this state and the United States.

7. The shares of the company shall be deemed personal
property, assignable on the books of the company, under
such rules and regulations as may be prescribed by the direc-
tors, who shall have power, from time to time, to increase
the capital stock, but not to exceed five hundred thousand
dollars, as hereinbefore provided.

8. The directors, when elected, shall have power to desig-
nate the place or places where the office or offices of the
company shall be located.

9. This act shall take effect from and after its passage and
approval by the governor.