Chap. 274.—An ACT to incorporate the Union Manufactuging and
Milling Company of Union Mills, Fluvanna county, Virginia.

Approved March 4, 1884.

1. Beit enacted by the general assembly of Virginia, That
W. J. McDonald, J. H. Reigart, H. KE. Magruder, Doctor
Charles Bowcock, B. H. Mc Gruder, A. L. Johnson and H. ©.
McDonald, and their associates and successors, or a majority
of them, are hereby created and constituted a body politic
and corporate by the name of the Union Manufacturing and
Milling Company, for the purpose of conducting a general
manufacturing business, more especially in iron, leather, cot-
ton, flour and me: al, in all their branches, 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 may be
altered or changed at pleasure, and be subject to the rules
and reyulations and restrictions imposed by the Code of
Virginia in relation to joint stock companies, so far as they
are ‘applic: able to, and not inconsistent with the provisions of
this act. .

2. The capital stock of said company shall be one hundred
thousand dollars, divided into shares of one hundred dollars
each, and said company is hereby authorized to organize,
elect its officers, and commence business when one-fourth of
its capital stock is subscribed.

3. The said company may acquire and hold real estate to
such extent as it may deem necessary for the best interest of
the stockholders, not exceeding one thousand acres in
amount.

4, The company shall have authority to make, from time
to time, such by-laws 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 meetings in Union Mills, or else-
where in this state, as a majority of directors may determine.

The president shall be elected by the stockholders, and a vice-
president shall be elected, if the company deem such an offi-
cer 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.

5. All officers of the company shall be elected for the term
of one year and until their successors are elected and quali-
fied. The president shall be entitled to vote at all meetings,
and cach stockholder present in person or by proxy, shall be
entitled to one vote for each share of stock held, and this
company shall not be held to be a manufacturing company
within the provisions of scctions thirty-six, thirty-seven and
thirty-eight of chapter fifty-seven of the Code of Virginia.

6. The said company may have the right to issue bonds for
the purpose of borrowing money, and to secure the payment
thereof by deed of trust or other lien upon its real and per-
sonal property not exceeding in amount the paid up capital
of this company.

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