Chap. 345.—An ACT to incorporate the Virginia Mining, Milling and
Transportation Company.

Approved March 7, 1884.

1. Beit enacted by the general assembly of Virginia, That
John H. Bryant and George H. Poindexter, of Richmond,
Virginia; Garrick Mallory, Oscar A. Stevens, and Edmund
L. Du Barry, of Washington, District of Columbia, or any
three of them, their associates or successors, be, and they
are hereby constituted a body corporate, by the name of the
Virginia Mining, Milling and Transportation Company, and
as such may have all the privileges, tranchises, and immu-
nities applicable to corporations under the laws of Virginia.

2. The capital stock of said company shall not be less than
twenty-five thousand dollars nor more than five million dol-
lars. divided into shares of such denomination as the board
of directors may determine; and for the purpose of obtaining
subscriptions to said capital stock, any three of the persons
named in the first section of this act may open books of
subscription at any time and place, of which they shall give
thirty days’ notice in a newspaper published in the city of
Alexandria, Vi irginia.

3. The said company shall have power to purchase or
lease any constructed tram-road or railroad, not exceeding
forty miles in length, and operate the same for passengers
and freight, as well ax power to purchase, hold, lease and sell
real estate and personal property; to mine, mill, manufacture
products and raw materials, to give and receive credit, to
secure loans by mortgage or deeds of trust, or otherwise; to
lay out manufacturing and town lots; and sell, donate, or
lease the same; to build dams, ditches, mills, and ereet fur-
naces, construct tram-roads and = railroads, connecting its
mines or works from any of its lands with any railroad or
work of internal improvement, and to operate and maintain
the same; and for this purpose shall have all the rights,
privileges and powers, and be subject to all the conditions
prescribed by the laws of Virginia: provided that no such
constructed tram-road or railroad shall be more than forty
miles in length, nor shall any such railroad be constructed
by said company except in the counties of Spotsylvania, Camp-
bell, Appomattox, Goochland, Louisa, and counties adjoining
the said counties.

4. The capital stock of said company shall be personal
property, and transferable on the books of the company ;
and tram-roads or railroads, lands, materials, or securities, as
well as money, may be received on stock subscriptions: pro-
vided that before organization, all stock subscriptions not
pavable in money, shall be certified to be at or below the
actual value for mining purposes of the company by at least
three of the persons herein named, and that after organiza-
tion, the board of directors shall not be authorized to receive
any such subscriptions except bya resolution in which there-
fourths of the capital stock issued shall be in the affirmative.

5. The said company may hold land not exceeding twenty-
five thousand acres in any one or more counties, and its
principal operations shall be and its main office located in
either Campbell, Appomattox, Goochland, Louisa, or Spot-
sylvania counties, Virginia, with branch offices in New York,
and Washington, District of Columbia, if desired, and such
other cities as the board of directors may determine from
time to time.

6. This charter shall be liable to amendment, alteration,
or repeal at any time hereafter, by the general assembly of
Virginia.

7. This act shall take effect from its passage.