Chap. 45.—An ACT to incorporate the Altoona coal and iron company.
Approved January 29, 1878.

1. Be it enacted by the general assembly of Virginia, That
it shall be lawful for the following named persons, viz:
George W. Palmer, Thomas J. Thomas, John C. Hart, John
S. Draper, Benjamin C. Potts, William T. Hart, and such
persons as may hereafter be associated with them, be, and
they are hereby created and incorporated and made a bod
politic and corporate, under the name and style of The Al-
toona Coal and Iron Company, for the purpose of mining
coal, iron, salt, limestone, lead, zinc, manganese, or other ore,
and manufacturing the same in the counties of Pulaski,
Wythe, and Bland, and with the privilege and right to make
or to assist other joint stock companies, or corporation or
association of individuals, in making roads, tram-ways, or
railroads, from or by their mine, to intersect the Atlantic.
Mississippi and Ohio railroad, at Martin’s station, Pulask:
county, or at some point west of the said station: provided
hereby, no road, tram-way, or railroad shall excced fifty
miles in length; and the Altoona coal and iron company
may, for the purpose indicated, subscribe to, purchase, o1
hold shares in the capital stock of any company or corpora.
tion or association of individuals, now in existence, or which
may hereafter be formed, for building any such roads, tram.
way®, or railroads; and the said company shall have all the
facilities necessary and essential to carry on its operations
in accordance with general laws on such subject, and shall
be subjected to all the provisions and restrictions contained
in the Code of eighteen hundred and seventy-three, govern-
ing joint stock companies. ,

2. Be it enacted, That the capital stock of said company
shall not exceed two hundred thousand dollars, in shares of
one hundred dollars each, and said capital stock shall not
be less than ten thousand dollars; books of subscription to
be opened at such time and place as any three or more of
said persons may determine, and the said company shall have
authority to purchase and hold Jand not exceeding fifty thou-
sand acres, and may sell, vonvey, lease, or encumber the
same. :

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