Chap. 151.—An ACT to incorporate Vineyard grange, in King and
Queen county.

Approved March 6, 1878.

Whereas the parties hereinafter named, have associated
themselves for the purpose of securing the advantages of
co-operation in matters affecting their interests and mutual
improvement: 4
1. Be it therefore enacted by the general assembly, That
John A. Fleet, John Bagby, Junior, Melvilie Walker, W. TH.
Walker, Josiah Ryland, and all other persons who now are
or may hereafter be associated with them, and their sneces-
sors, shall be and they are hereby constituted a body politic
and corporate, by the name and style of Vineyard Grange,
in King and Queen county, and by that nafne shall have
perpetua succession and a common seal; aud may sue and

e sued, plead and be finp'eaded, in all courts and places, and
in all manner of actions and complaints whatever; and may
make by-laws and regalations, not inconsistens with this act
and the laws of this state, for the government of its mem-
bers and officers and proper conduct of its affairs; aud shall
possess and enjoy all other privileges and franchises incident
to a corporation; and shall have authority to conduct a ygen-
eral mercantile business.

2. The capital stock of said corporation shall not be less
than two thousand dollars nor more than fifty thousand dol-
lars, and shall be divided into shares of not less than ten
dollars.

3. Tho amount of property, real, personal, and mixed,
which may be held by said corporation at one time, shall not
exceed fifty thousand dollars, which property shall be man-
aged by the directors of said corporation (unless otherwise
provided by tho bylaws of the corporation), wha may, under
the direction of the corporation, rent, sell, convey, invest, or
In any wise dispose of said property for the best interest of
said corporation; and the property acquired by this corpora-
tion shall be vested exclusively in the same, and shall, at all
times during tho existence of the corporation, and at its
dissolution, be subject to the paramount authority and con-
tro], in its ultimate disposition, of a majority of the holders
of shares of stock therein. ;

4, The persons above named shall be the directors of sail
corporation until the stockholders shall otherwise determine
by their by-laws, and they shall hold their offices until their
successors shall be appointed and have qualified.

5. The number of directors who shall constitute a quorum
for the transaction of business, shall-be determined by the
by-laws of the corporation.

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