Chap. 380.—An ACT to incorporate the Norfolk Gymnasium and
Athletic Association.

Approved March 10, Ibs.

1. Beit enacted by the general assembly of Virginia, That
James W. McCarrick, Ul. S. Herman, BE. E. Dawes, Horace
Hardy, D. J. Turner, Junior, A. J. Dalton, R. H. Wright. J.
C. Carroll, W. B. Langley, John G. White, E. C. Minnitree
and W. L. Baker, of the city of Nortolk, and such other per-
sons as are now orthat may be hereatter associated with
them as the Gymnasium and Athletic Association of the city
é6f Norfolk, are hereby constituted a body corporate under
and by the name of the Nortolk Gymnasium and Athletic
Association, with its principal office at Norfolk, Virginia, for
the pur pose of promoting friendly intercourse and healthful
exercise among its members, establishing gymnasium, read-
ing and other rooms, exercising grounds, and so forth, for
their use, and acquiring such property as may be necessary
for their purposes.

2. The capital stock of the said association shall not be less
than one thousand dollars nor more than twenty-five thou-
sand dollars, and shall be divided into shares of ten dollars
each, and as soon as the minimum capital of one thousand
dollars or more is subscribed by the said incorporators and
their associates, the said association shall have all the general
powers and be subject to all the general restrictions provided
by the laws of the state in regard to bodies politic and corpo-

rate. In all meetings of the association each stockholder
shall be entitled to one vote fur each share of stock held by
such stockholder.

3. The said association may prescribe the terms upon
which its stock may be transterred, and may make any other
by-laws, rules or reculations for its government, not incon-
sistent with the laws of this state or of the United States.

4. The said association may purchase and bold or lease
any real or personal estate: provided that it shall not hold
real estate to exceed twenty-five acres at any one time.

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