Chap. 85.—An ACT to incorporate the Buckingham Mining anc
Development Company.

Approved February 14, 1882.

1. Be it enacted by the general assem Oly of Virginia, Tha
R. T. Hubard, Camm Patterson, John D. Horsley, Thomas S
Martin, Jobn B. Moon, and their associates and successors, bs
and they hereby are constituted and made a body corpo

Google
rate and politic, by the name and style of the Buckingham
mining and development company, and by that nameand style,
shall have all of the rights, powers, and privileges conferred
by, and be subject to all the provisions of chapters fifty-six,
fifty-seven, and sixty-one of the Virginia Code of eighteen
hundred and seventy-three, so far as the same may be appli-
cable to, and not inconsistent with the provisions of this act:
and provided, however, that the corporate powers hereby
granted, shall not cease or be in any way impaired by reason
of anything contained in section thirty-six or section thirty-
eight of chapter fifty-seven of the Virginia Code of eighteen
hundred and seventy-three.

2. The capital stock of said company shall not be less than
ten thousand dollars, nor more than one million dollars, and
shall be divided into shares of one hundred dollars each.

3. The five persons hereinbefore named as corporators, by
accepting the provisions of this charter, shall become liable
for, and shall, on the call of the directors of the company,
pay equally and ratably, the said minimum amount of capi-
tal stock, which is to be taken and owned by them.

4. The board of directors of said company may, from time
to time, increase the capital stock until the said maximum is
reached, and for that purpose, may issue shares of stock and
sell the same at such price as may be fixed or agreed to b
them, and may, in their discretion, receive pay for suc
shares in property, or morey, or may issue shares of stock,
from time to time, to represent enhanced values of its prop-
erty.

5. The annual meeting of the stockholders of the said
company shall be held at Buckingham Courthouse, on the
second Monday in December, in each year, or at such other
time or place as the stockholders in general may appoint, and
in all meetings of stockholders one vote may be cast, in per-
son or by proxy, for each share of stock by the holder
thereof.

6. The board of directors shall consist of five members,
who shall from their number choose a president, but the
stockholders, at any general meeting, shall have the power
to increase the number of directors.

‘. Until the first general meeting of the stockholders, .to
be held at Buckingham Courthouse, on the second Monda
an March, eighteen hundred and eighty-two, the said R. t.
Hubard, Camm Patterson, John D. Horsley, Thomas S. Mar-
tin, and John B. Moon shall be the directors of said com-
pany with power to choose from their number a president,
and to discharge all of the duties of directors, including the
‘ollection, through such officers as they may appoint, of’ the
aid minimum amount of capital stock in money or in prop-
rty at agreed prices.

8. The said company shall Keep its principal office at Buck-
ngham Courthouse, or at such other place in the state of
Virginia, as may at any time be fixed by the stockholders in
zeneral meeting, and shall have the right and power to
engage in any agricultural, mining, commercial, trading
manufacturing or carrying business; may buy, sell, and dis-
count paper, and borrow or lend money on mortgage or other
security; may buy, sell, lease, improve, develop, work or
manage mineral or other properties; may purchase, bold,
grant, mortgage or otherwise dispose of real or personal
property in this state or elsewhere: provided not more than
twenty thousand acres of land be at any one time owned in
any one county in Virginia; may contract for, construct,
operate and maintain works of public or private improve-
ment, tram-roads or other roads: provided, however, that no
railroad in this state of greater length than twenty miles
shall be constructed without a special act authorizing it.

9. Any other corporation may hold shares of stock in the
said company hereby incorporated, and the said company
may, in like manner, hold shares of stock in any other com-
pany or corporation in all respects as a natural person.

10. This act shall be in force from the date of its passage.

Chap. 85.—To extend the time for the collection of taxes in the county
of Bedford for the year 1881.

Approved April 21, 1882.

1. Be it enacted by the general assembly of Virginia, That
the further time of three months from the first day of June
eighteen hundred and eighty-two, be allowed the treasure:
of the county of Bedford, to collect the taxes of said county;
for the year eighteen hundred and eighty-one.

2. This act shall be in force from its passage.
Chap. 85.—An ACT to incorporate the Buckingham Mining anc
Development Company.

Approved February 14, 1882.

1. Be it enacted by the general assem Oly of Virginia, Tha
R. T. Hubard, Camm Patterson, John D. Horsley, Thomas S
Martin, Jobn B. Moon, and their associates and successors, bs
and they hereby are constituted and made a body corpo

Google
rate and politic, by the name and style of the Buckingham
mining and development company, and by that nameand style,
shall have all of the rights, powers, and privileges conferred
by, and be subject to all the provisions of chapters fifty-six,
fifty-seven, and sixty-one of the Virginia Code of eighteen
hundred and seventy-three, so far as the same may be appli-
cable to, and not inconsistent with the provisions of this act:
and provided, however, that the corporate powers hereby
granted, shall not cease or be in any way impaired by reason
of anything contained in section thirty-six or section thirty-
eight of chapter fifty-seven of the Virginia Code of eighteen
hundred and seventy-three.

2. The capital stock of said company shall not be less than
ten thousand dollars, nor more than one million dollars, and
shall be divided into shares of one hundred dollars each.

3. The five persons hereinbefore named as corporators, by
accepting the provisions of this charter, shall become liable
for, and shall, on the call of the directors of the company,
pay equally and ratably, the said minimum amount of capi-
tal stock, which is to be taken and owned by them.

4. The board of directors of said company may, from time
to time, increase the capital stock until the said maximum is
reached, and for that purpose, may issue shares of stock and
sell the same at such price as may be fixed or agreed to b
them, and may, in their discretion, receive pay for suc
shares in property, or morey, or may issue shares of stock,
from time to time, to represent enhanced values of its prop-
erty.

5. The annual meeting of the stockholders of the said
company shall be held at Buckingham Courthouse, on the
second Monday in December, in each year, or at such other
time or place as the stockholders in general may appoint, and
in all meetings of stockholders one vote may be cast, in per-
son or by proxy, for each share of stock by the holder
thereof.

6. The board of directors shall consist of five members,
who shall from their number choose a president, but the
stockholders, at any general meeting, shall have the power
to increase the number of directors.

‘. Until the first general meeting of the stockholders, .to
be held at Buckingham Courthouse, on the second Monda
an March, eighteen hundred and eighty-two, the said R. t.
Hubard, Camm Patterson, John D. Horsley, Thomas S. Mar-
tin, and John B. Moon shall be the directors of said com-
pany with power to choose from their number a president,
and to discharge all of the duties of directors, including the
‘ollection, through such officers as they may appoint, of’ the
aid minimum amount of capital stock in money or in prop-
rty at agreed prices.

8. The said company shall Keep its principal office at Buck-
ngham Courthouse, or at such other place in the state of
Virginia, as may at any time be fixed by the stockholders in
zeneral meeting, and shall have the right and power to
engage in any agricultural, mining, commercial, trading
manufacturing or carrying business; may buy, sell, and dis-
count paper, and borrow or lend money on mortgage or other
security; may buy, sell, lease, improve, develop, work or
manage mineral or other properties; may purchase, bold,
grant, mortgage or otherwise dispose of real or personal
property in this state or elsewhere: provided not more than
twenty thousand acres of land be at any one time owned in
any one county in Virginia; may contract for, construct,
operate and maintain works of public or private improve-
ment, tram-roads or other roads: provided, however, that no
railroad in this state of greater length than twenty miles
shall be constructed without a special act authorizing it.

9. Any other corporation may hold shares of stock in the
said company hereby incorporated, and the said company
may, in like manner, hold shares of stock in any other com-
pany or corporation in all respects as a natural person.

10. This act shall be in force from the date of its passage.

Chap. 85.—To extend the time for the collection of taxes in the county
of Bedford for the year 1881.

Approved April 21, 1882.

1. Be it enacted by the general assembly of Virginia, That
the further time of three months from the first day of June
eighteen hundred and eighty-two, be allowed the treasure:
of the county of Bedford, to collect the taxes of said county;
for the year eighteen hundred and eighty-one.

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