Chap. 500.—An ACT to confer upon the Iron and Steel Works Asgoci-
ation of Virginia, limited, certain corporate privileges in this state.

Approved March 17, 1834.

Whereas the partics hereinafter named have associated
themselves for the purpose of acquiring, developing and work-
ing lands and mineral deposits in the United States and else-
where, and purchasing, constructing and operating works,
furnaces, mills, machinery, and appliances for the smelting,
refining ‘and reducing of metals and minerals, and manufae-
turing or making the same marketable, and @ar rying on the
business of miners, workers in iron and steel, and in minerals
and metals of any description, and of miners, dealers and
traders in coals, timber, and other substances, and con-
structing and improving tramways, railways, and other
roads and ways tor access and connections to and from
the lands, works and properties of the association; and
erecting or purchasing any buildings, tanks, water- works
or apparatus, and acquiring any property, real or per-
sonal, necessary or convenient for the purposes of the as-
sociation ; and selling, leasing, or otherwise disposing of its
property from time to time ; “and borrowing, on mortgage of
the property or assets of the association, such sums as may
from time to time be decmed necessary or expedient for its
purposes ; and whereas the said parties were, on the seventh
day of February, eighteen hundred and eighty-one, in the
city of London, duly incorporated for the purposes aforesaid,
under the laws of England and by the registration of their
memorandum and articles of association, by the name and
style of the Iron and Steel Works of Virginia, limited, under
which title the company has been duly organized, with a
‘apital stock paid in to the amount of one hundred and
eighty thousand pounds starling, and has since purchased
larere bodies of mineral lands and acquired other ri¢hts and
assessments in the county of Rockbridge, and has expended
and is expending very large sums of money in payment for,
and in developing and improving said lands, and in erecting
and equipping thereon iron blast furnaces, and appurte-
nances, Villages, railways, and su forth; and whereas the
said parties, for the more safe and effectual accomplishment
of their said objects, are desirious of having their corporate
existence recognized, and their corporate rights confirmed by
the logrislature of the state in which their capital i Is 80 largely
invested and expended ; and whereas the benetits enuring to
the state trom the enterprise are deemed a sutlicient consid.
eration for granting such privileve ; therefore,

1. Be it enacted by the gener ral assembly of Virginia, That
Thomas B. Kdwards, KE. E. Digby-Boycott, Henry G. Hough-
ton, Adam Steuart, A. Norris, Robert Dixon and W. J.
Savage, and their associates, succossors, and assigns, now or
hereafter corporators of the corporation aforesaid, are hereby
declared to be a body politic and corporate, in fact and in
law, by their said name, style and title of the Iron and Steel
Works Association of Virginia, limited; and by that name,
btyle and title be and they are hereby ‘invested, within the
commonwealth of Virginia, with all the rights, powers and
privileges conferred upon them for the purposes aforesaid, by
their memorandum and articles of association, not inconsist-
ent with the general laws of this commonwealth in respect
to incorpor: ted companies ; and by virtue of their incorpora-
tion as aforesaid, under the provisions of the companies acts,
passed by the parliament of Great Britain, so far as the same
are not inconsistent with the laws of this commonwealth and
of the United States; and that they dre hereby fully author-
ized to enjoy and exercise all the corporate rights, powers,

and franchises allowed by and made subject to all the rules
and regulations imposed by the general laws of Virginia ap-
plic able to companies incorporated for such purposes, and not
Inconsistent with this act.

2. ‘The said company is hereby invested with all the attri-
butes of a corporation under the fifty-sixth chapter of the
Code of Virginia, as a company incorporated for a work of
internal improvement, and may acquire and hold real estate
within this commonwealth not exceeding fifty thousand
acres. And it shall be lawful for it to wash ores on any part
of its property, and to locate and operate the machinery
therefor in any waters thereon, and to construct and use
reservoirs, pipe lines, ditches and flumes.

3. The said company is hereby authorized to locate, con-
struct, equip, maintain and operate a single or double track
steam railway, not exceeding twenty miles in length beyond
the limits of its property, from their mines and works in tho
county of Rockbridge, and to connect the same with any
railroad now made or to be hereafter made. And it may lay
out, construct and operate such roads. tramways or branch
railways, not excecding ten miles each in length, beyond the
limits of its proper ty, as may be necessar voor convenient for
the operations of its mines and works and the e transportation
of the products thereof to market. And the said company
may condemn, according to the laws of Virginia, land for
their roadway, depots, stations, or other necessary purposes:
provided that said company shall be required to attach a
passenger coach, and carry passengers and bageage for com-
pensation, to one of its trains each” day passing from Goshen
to the Rockbridge Alum Springs depot, and from the said
depot to Goshen, from first of June to first of October of each
year.

4. The said company shall have an office located at its
works in this state, and meetings of directors and of stock-
holders may be held there as well as in the city of London.

5. The business manager or agent appointed by the direc-
tors of said company to represent them in this state, upon
any general or special service on behalf of the company,
under written power of attorney, recorded or to be recorded
in the county court of Rockbridge, shall have authority. on
its behalf, to exercise the powers thereby delegated to him,
and particularly to accept service of all lawful process avi Linst
said company in this commonwealth, and to cause appearance
to be entered for said company in any action or suit; tomake
answer for said company in any legal proceedings, or to exe-
cute deeds, avreements, or ot her instruments on its bel: sulf}-
and to affix thereto the common seal of the company pro-
vided by the directors for use in the United States, and his
action shall be binding and effectual as the act of the com-
pany, and process against the company may be effectually
served upon him.

6. The said company is hereby authorized and empowered.
should it be deemed necessary or expedient for its purposes,
to borrow such sum or sums of money as the board of direc-
tors shall think proper, and to secure the money so borrowed,
and the interest thereon, to issue bonds or debentures, and
the president and directors are hereby empowered to execute
mortgages or trust liens on all or any of the property, rights
and franchises of said company, then owned or there: Her to
be acquired, and may sell said bonds or debentures at less
than par. But not more than twenty thousand pounds shall
be borrowed without authority of a special resolution of the
company.

7. Nothing in this act contained shall be construed or per-
mitted to deprive the courts of this commonwealth of their
jurisdiction over any and all controversies to which the said
company may be a party within the state. And the said
company shall be a domestic corporation in all respects in so
far as the jurisdiction of the courts of the commonwealth is
concerned, and process in any suit or proceeding against the
same may be served upon the business manager mentioned
in the third section, or upon the secretary thereof in this
state, or upon its other principal officer or business manager
residing in this state.

8. This act shall be in force from the time of its acceptance
by the said company.