CHAP. 119.—An ACT to incorporate the Virginia Marble and Mining
; Company. -

Approved Pebruary 27, 1879.

‘

1. Be it enacted by the general assembly of Virginia, That
John L. Hurt, Samuel M. Stone, Jere H. Graves, William E.
Simms, F. L. W. Graves, George E. Coleman, George T. Ber-
ger, John R. Whitehead, Charles E. Miller, and H. B. Haley,
or any five of them, their associates and successors, are hereby
constituted a body politic and corporate, by the name of The
Virginia Marble and Mining Company, and as such may have
all the privileges, franchises, and immunities applicable to such
a corporation under the laws of Virginia.

2. The capital stock of said company shall not be less than
four thousand nor more than one hundred thousand dollars,
divided into shares of one hundred dollars each; and for the
purpose of obtaining subscriptions to said capital stock, any
three of the persons named in the first section may open books
of subscription at any time and place, of which they shall give
thirty days’ notice in a newspaper published in the county of
Pittsylvania.

8. The said company shall have power to purchase, hold,
lease, and sell real estate and personal property; to mine,
manufacture, and transport all marble and other stone, all
minerals and metals, and their products; to give and receive;
to secure loans by mortgage or deeds of trust; to lay out
manufacturing sites and town lots, and sell, donate, or lease
the same; to build dams and canals, mills and furnaces, and
tram-roads and railroads connecting its mines or works, and
from any of its lands to any work of internal improvement,
and operate the same; and for this purpose, shall have all the
rights, privileges and powers, and be subject to all the condi-
tions prescribed by the laws of Virginia: provided, that no
such railroad shall be more than twenty miles in length.

4. The capital stock of said company shall $e personal pro-
perty, and transferable on the books of the company, and lands
or material, or securities, as well as money, may be received on
stock subscriptions: provided, that, before organization, all
such subscriptions not payable in money shall be certified to
be at or below actual value by at least three of the persons
named herein; and that after organization, the board of direc-
tors shall not be authorized to receive any subscriptions, except
by resolution of the stockholders, under a vote, in which three-
fourths of the stock paid for shall be in the affirmative.

5. The said company may hold land not exceeding fifty thou-
sand acres in any one county; and its principal operations shall
be located in the counties of Pittsylvania, Franklin, and Camp-
bell.

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