Chap. 187.—An ACT to incorporate the John L. Roper Lumber Com-
pany.

Approved February 26, 1884.

1. Be it enacted by the general assembly of Virginia, That
John L. Roper, William H. White, Theodore S. Garnett, Jr.,
John F. Stewart, and Wilson Godfrey, and their associates
and successors, ora majority of them, are hereby created and
constituted a body politic and corporate, by the name of the
John L. Roper Lumber Company, for the purpose of con-
ducting a general lumber business in all its different branches
and departments, and especially the purchase and sale, cut-
ting and preparation for market, of juniper and cypress tim-
ber in all the varieties thereof; and for carrying on the said
business to construct and equip railways and tramways,
canals and roads, for the purpose of conducting its business,
and by that name and style shall have perpetual succession ;
may contract and be contracted with, sue and be sued, plead
and be impleaded in all courts and places, have a common
seal, which it may alter or change at pleasure, and be subject
to the rules and regulations and restrictions imposed by the
Code of Virginia in relation to joint stock companies, so far
as they aro applicable to, and not inconsistent with the pro-
visions of this act.

2. The capital stock of said company shall not be less than
one hundred thousand dollars, divided into shares of one hun-
dred dollars each; and the said capital stock may be increased
to five hundred thousand dollars by the stockholders at any
meeting called for that purpose. And the said company is
hereby authorized to subscribe to and hold stock in any other
incorporated company.

3. The said company may acquire and hold real estate to
such extent as it may deem necessary and requisite for the
convenient transaction of its business, not to exceed at any
one time three hundred thousand acres.

4. The company shall have authority to make, from time
to time, such bylaws and regulations as it may deem neces-
sary for the management of its affairs; may fix the number
of its directors, elect a president and other necessary officers,
and may hold: its annual mectings in the city of Norfolk or
elsewhere in this state, as a majority of the directors may
determine. The president shall be elected by the stock-
holders, and a vice-president shall be elected, if the company
deem such officers necessary, from among the directors by
the board of directors. A secretary and treasurer shall be
elected by the board of directors, and one person may hold
both these offices, if the company so determine. All officers
of the company shall be elected for the term of one year, and
until their successors are elected and qualified. The presi-
dent shall be entitled to vote at all meetings, and each stock-
holder present, in person or by proxy, shall be entitled to one
vote for each share of stock held.

5. The said company may construct railways and tram-
ways, such as may be necessary to conduct their business,
and equip the game, and may occupy therewith such part of
any county road as the court of such county may under the
Jaw allow, and may condemn rights of way for said railways
and tramways, or for canals in the same manner as railway
or canal companies may do, and may cross any railroad,
canal or turnpike, in the same manner now allowed to rail-
road, canal and turnpike companies under section twenty-five
of chapter fifty-six of the Code of Virginia.

6. The said company shall have the right to issue bonds
for the purpose of borrowing money, and to secure the pay-
ment thereof by deed of trust or other lien upon its real and
personal property, not exceeding in amount the paid-up capi-
tal of this company.

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