Chap. 341.—An ACT for the formation of the New river mining and
, manufacturing company.

Approved April 4, 1877.

1. Be it enacted by the general assembly of Virginia, That
J. Dickenson Sergeant, Thomas Graham, Richard Wood,
Henry Beckwith, 8. H. Newberry, William Firmstone, R. F.
Hoke, P. H. McCaul), P. W. Strother, and Richard B. Roane,
and such persons as may be hereafter associated with them,
be and they are hereby created and incorporated, and made
a body politic and corporate, under the name and style of
The New River Mining and Manufacturing Company, for the
purpose of mining and shipping iron, coal, and other miner-
als, acd manufacture the same, and work old iron in any mar-
ner whatever; and shall have the right to ship lumber, and
manufacture the same; with the right and privilege to make,
or assist other joint stock companies, corporations, or asso-
ciations of individuals, in making such dams, locks, tram-
ways, railroads, or canals, leading from or by their lands, fur-
nace or furnaces, mine or mines, to connect with other roads,
tramways, or canals, as may be essential or advantageous to
their said operations; and the said New river mining and
manufacturing company may subscribe to, purchase, and hold
shares in the capital stock of any company, or corporation,
or association of individuals, now in existence, or which maj
be hereafter formed, for mining, manufacturing or lumber
ing, or for building any such dams, locks, tramways, rail
roads, or canals; and said company shall have all the facili
ties necessary and essential to carry on its operations in ac
cordance witb general laws on such subjects; and shall b
subject to all the provisions and restrictions contained in the
fifty-sixth and fifty-soventh chapters of the Code of eightee!
hundred and seventy-three.

3. Be it enacted, That the capital stock of said company
shall not exceed five millions of dollars, in shares of one bun.
dred dollars each; books of subscription to be opened at such
times and places as any four or more of said persons may de.
termine; and the said company shall have authority to pur-
chase, lease, acquire and hold lands, not to exceed two hun-
dred thousand acres, and {nay sell, convey, lease, or encum-
ber the same; and it shall be lawful for said company to issue
‘bonds, aud secure the principal and interest of same by mort-
gage on its property, rights, franchises, and so forth, and
shall have perpetual succession.

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