Chap. 247.—An ACT to incorporate the Anglo-American Sulphur and
Copper Company of Virginia.

Approved March 3, 1884.

JL Be it enacted by the general assembly of Virginia, That
5S. 5. Clayton, James E. Ty son, W. 8. Clayton, Abert Fair-
fux, ‘and James E. Clayton, or a majority of them, their asso-
ciates, successors or assigns, or such of them, and such other
persons as may become ‘associated with them, be and they
are hereby incorporated a body corporate and ‘politic, in fact
and in law, under the name and style of the Anglo-American
Sulphur and Copper company of Virginia, and by that name
shall have perpetual succession, enjoy all the ‘franchises and
privileges incident to a corporation, sue and be used, plead
and be impleaded, may have a common seal, which they may
have power to alter and renew at pleasure; hold and possess
rea] estate not to exceed thirty thousand acres; to receive and
hold in fee simple or otherwise, lands and tenants, estates
personal, and all other property, by deed of conveyance, lease
or otherwise, and dispose of the same, or any part thereof,
and to do such acts and things as may be necessary or eXpe-
dient to assist and promote the objects and designs of this
corporation.

2. The purpose of the corporation is to carry on a general
mining and smelting of ores and minerals and mineral pro-
ducts, and the utilizing of the products therefrom, and more
especiiully to deve slop, mine, manufacture and market the
ores of sulphur and copper, and of iron, and to transport and
sell the pyrits of southwestern Virginia, and to erect, main-
tain, and operate such furnaces, sulphuric acid chambers and
other chemical works as may be necessary for the purpose of
the corporation.

3. The capital stock of the corporation shall not be less
than one million dollars, nor more than five million dollars,
divided into such number of shares, of such per value, as the
corporators or directors, or a majority of them may deem
best, and for which payment may be received in full, in cash,
lands, timber, labor, services, or any real or personal estate,
and the liabilities of the stock or shareholders shall only be
to the amount which may be due on any share or shares bel
by each respectively, and the holder or owner of a full paid
share or shares issued in return for cash, lands, timber, labor,
services, or real or personal estate, shall be exempt from all
liability whatever.

4. The business of the corporation shall be conducted and
managed by a board of directors and president, to be chosen
in such a manner, and to consist of such a number, and to
hold office for such periods of time as may be prescribed in
the by-laws of the corporation; aud the directors, or a major-
ity of them, shall have power to make by-laws and rules for
the govornment of the corporation, and to alter and amend
them when necessary; to appoint such officers and define
their duties, to enter into contracts, levy and sell real and
personal property, minerals, and mineral products, and to do
all other acts and things incident and according to the laws
governing corpor ations; and the above-named incorporators,
or a majority of them, shall manage the affairs of the corpo-
ration until such times as the stock or shareholders may meet
and elect a board of directors, who shall elect a president.

5. The principal office of the corporation shall be at their
main works; but the directors shall have power to establish
such other offices in such other states, or in Europe, for the
selling of their products, conducting their financial business,
and tor the selling and transferring of the stock or bonds or
other obligations, as they may deem best tor the interest of
the corporation, and the directors m may appoint such places
for holding of meetings, and for the election of directors, and
for the transaction of the business of the corporation as 4
majority of them may deem most convenient.

6. It shall be lawful for the corporation to borrow money
to such an amount as may be necessary in the prosecution of
any of its works, and to issue and sell its bonds from time to
time for such sums and on such terms as the board of direc-
tors may deem expedient. Such bonds or debentures may be
expressed in dollars, or in pounds sterling, and to secure the
payment of such bonds by mortgage or mortgages upon all
or any parts of its property, franchise, or incomes.

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