Chap. 467.—An ACT to incorporate Holston Springs Company.
Approved March 17, 1884.

1. Be it enacted by the gencral assembly of Virginia, That
James M. Barker, R. A. Ayers, H. L. Kane, H. S. Kane, and
Isaac P. Kane, and their associates. who may become stock-
holders, be and they are hereby made a body politic and cor-
porate, under the name and style of the Holston Springs
Company, and shall have perpetual succession, with the
right to sue and be sued, plead and be impleaded, defend and
be defended in all courts, whether in law or equity, and may
make and have a common seal, and alter or renew the same
at pleasure, and shall have and enjoy all the rights and privi-
leges granted by the general laws of this state, and may
make by-laws, rules, and regulations for the sovernment of
the company, its officers, agents, property and estates, and
the due and orderly conduct of its affairs.

2. The capital stock of said company shall not exceed two
hundred and fifty thousand dollars, and the said company
may, from time to time, issue and sell under such regulations,
and upon such terms as the board of directors of said com-
pany may, from time to time prescribe, common and _ pre-
ferred stock, in shares of one hundred dollars each, until the
whole of the capital stock is taken; and the said company
may, from time to time, issue bonds and borrow such sums
of money as may be necessary to complete its works and
‘“arry on its business, and may secure the same by deeds of
trust or mortgage upon its property and franchises, or any
part thereof, and the bonds issued under this section may be
sold for such sums, and upon such terms as the board of
directors may deem expedient.

3. The said company is authorized and empowered to pur-
chase, hold, own, lease, and control real estates not to exceed
five thousand acres, and personal estate, and may lay out
any of its lands into parks, lots, streets and alleys, and may,
from time to time, improve, sell and lease the same ,or any
part thereof. It may build and operate hotels, bridses, elec-
tric lights, and elevators, with any other buildings and
machinery deemed necessary for their business, and may
charge fees of admissions to its baths, parks, or any of its
property or grounds.

4, And said company may quarry and mine tin, marble,
coal, iron-ore, and other metals and minerals, ercct mills and
furnaces, manufacture coke, iron, steel, and other metals into
any article that may be made therefrom; may cut timber,
saw and manufacture the same, and sell any of their mine-
rals, metals, timber or products, in a crude or manufactured
state, and may build and operate railroad tracks to or from
any point or points on its property: provided that no one of
said tracks shall exceed five miles in length, and shall not
connect with any railroad not in this state.

5. No stockholder in said company shall ever be held
liable or made responsible fer its debts and liabilities, in a
larger or further sum than the amount of any unpaid bal-
ance due to the said company, for stock subscribed for by
said stockholders.

6. The board of directors shall be stockholders in said
company, and the number of directors shall be three or more.
They shall appoint one of their number president. The per-
sons first named in this act, shall constitute the first board of
directors, and shall continue in office until the first meeting
of the stockholders; at the first and every annual meeting,
so many directors shall be elected as may be prescribed by
the by-laws and regulations of said company.

7. Whenever stock to the amount of’ tive thousand dollars
is subscribed or sold, the first mecting of the company may
be held, and the company duly and levally organized, and no
advertisement other than notice to the stockholders shall be
necessary.

8. The principal office of the company shall be kept at
Holston Springs, Virginia, until otherwise ordered by the
stockholders; and the said company shall forever be liable to
the general laws of this state and the jurisdiction of its courts.

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