Chap. 84.—An ACT to incorporate the Progressive Age Publishing
Company.

Approved February 7, 1484,

1. Be it enacted by the general assembly of Virginia, That
John P. Coon, M. B. Wood, A. B. McConnell, H. W. Hold-
way, W. H. Rigys, W. C. R. Strong, A. C. D. Maness, W. C.
Furate, W. M. “Pendleton, Tsaac Wiseley, S. P. McConnell,
David Shelton, and D. S. Hale, or such of them as may accept
the provisions of this act, their associates and successors, be,
and they are bereby incorporated and made a body politic,
under the name of the Progressive Age Publishing Company.

2. The capital stock of said company shall not be less than
seven hundred and fifty dollars, and not more than tive thou-
sand dollars, in shares of twenty dollars each, and it may dis-
pose of shares of stock upon such terms as it may deem ex-
pedient.

3. The stockholders shall be Hable only for the full amount
of the stock due by them, and no stockholder holding full
paid up stock shall be liable to any contribution or tor any
debts or obligations of said company.

4. Said company shall have perpetual succession, and shall
possess all the privileges and powers of corporations under
the laws of the state of Virginia; and are authorized to pub-
lish a newspaper in the town of Estillville in said state. or at
any other place in said state; and may print bill-heads, letter-
heads, blanks of any kind, cards, posters, advertisements,
pamphlets, books, and to do all acts necensary for carrying
on a general newspaper and printing business. Said company
may contract and be contracted with, both in and out of this
state; may sue and be sued, plead and be impleaded in all
courts of this commonwealth or elsewhere. — Its principal
office shall be in the town of Estillville, Virginia.

5. The capital stock of said company shall be considered
to be personal property, and shall be transferable as may be
provided for in the by-laws thereof, and each share shall
entitle the holder thereof to one vote in all meetings ot the
stockholders, to be given personally or by proxy.

6. The officers of said company shall be a president, vice-
president, as many directors as the by-laws fix, a secretary
and treasurer.

7. At the first mecting of the stockholders under this char-
ter, and at every annual meeting, the officers and directors
of said company shall be elected, and may be removed by the
stockholders in general meeting; but. unless so removed, shall
continue in office until their successors shall be elected and
qualified.

8. The board of directors shall be stockholders of said com-
pany. They shall appoint one of their number president,
and may fill any vacancy that may occur in said board,
unless by removal, in which case the same shall be filled by
the stockholders in general meeting.

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9, The said company is authorized and empowered to pur-
chase. hold, own, lease, and control such real estate in the
state of Virginia as may be necessary for the purposes of its
business, not exceeding one thousand acres.

1U. This act shall be in force from and after its passave.