Chap. 52.—An ACT to incorporate the Loudoun Live Stock Insurance
Company.

In force January 2S, 1884.

1. Be it enacted by the general assembly of Virginia, That
A. T. M. Filler, J. B. Beverly, J. L. MeIntosh, H. C. Sellman,
H. J. Fredely, J. H. Alexander, L. H. Potterfield, Summer-
field Bolyn, George R. Carter and C. Powell Noland, their
associates and successors be and are hereby created and con-
stituted a body politic and corporate under the name of the
Loudoun Live Stock Insurance Company, and by that name
and style shall have perpetual succession, may sue and be
sued, contract and be contracted with, plead and be im-
pleaded. have a common seal and change the same at pleasure,
and shall have all the rights and privileges of a corpcration,
and be subject to all the rules and regulations and restrictions
imposed by the laws of Virginia in relation to joint stock
companies, so far as they are applicable to, and not incon-
sistent with the provisions of this act.

2. The capital stock of this company shall not be less than
ten thousand nor more than one hundred thousand dollars,
divided into shares of one hundred dollars each, and each
share shall be entitled to one vote.

3. The object of this corporation is to insure live stock upon
such terms and conditions as may be agreed upon between
said Company and the owners of stock. Its principal office
and place of business shall be in Leesburg, Virginia, but it
shall have power to make and enforce contracts anywhere
within or without the commonwealth, unless forbidden by
local law.

4. The officers of this corporation shall be a president, vice-
president, secretary and treasurer, a gencral agent and board
of directors, six in number, of which the president, or, in his
absence, the vice- president, shall be one, ex-officio, and preside
at their meetings. Four members of the board of directors,
and a majority of the stock subscribed, represented, either by
person or proxies, shall constitute a quorum for the transac-
tion of any business.

5. The corporation shall have power to make by-laws and
rules for its government, not inconsistent with the laws of
the state or the United States, and may amend or repeal the
same at pleasure.

6. The signature of the corporate name by the president,
or the vice- president i in their official capacity, with the corpo-
rate seal annexed, shall be a sufficient execution of any legal
document or writing by the corporation.

7. The stockholders sball not be individually liable for the
debts and acts of the corporation to an amount greater than
the stock subscribed by them.

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