Chap. 209.—An ACT to incorporate the Richmond and Alleghany
Aid Association.

Approved February 24, 1886.

1. Be it enacted by the general assembly of Virginia, That
Erwin Davis, Lawrence Myers, John J. McCook, Decatur Ax-
tell, Henry D. Whitcomb, Robert B. Snead, G. D. Harris, A.
C. Bethard, and E. R. Leland, and their successors, chosen as
a committee of management in the manner hereinafter provi-
ded, shall be a corporation under the name of the Richmond
and Alleghany Aid Association, the objects of which shall be
to extend relief, in cases of sickness, old age and death, to the
employees of the Richmond and Alleghany railroad company
(or its successor company) and their families, and also to the
employees of such other railroad companies as this association
may permit to participate in its benefits, and to the families
of such employees; to receive deposits on interest from said
employees and their wives, and to loan them money at lawful
rates of interest, in order to provide them with or to improve
homesteads, and generally to promote their welfare. It shall
be a condition precedent to the making of any engagements by
this association, that the receivers of the Richmond and Alle-
ghany railroad shall, by written stipulation, insure the. per-
formance by this association of its obligations and undertak-
ings, to the extent of making monthly donations which shall
equal in amount the aggregate sum monthly contributed by
members of the association, with the limitation, that the maxi-
mum of such monthly donations shall be five hundred dollars,
and that they shall be continued until the association shall have
accumulated a surplus or guarantee fund amounting to twenty-
five thousand dollars. The agreement of the receivers to be-
come binding when it shall have been approved and confirmed
by decree of the circuit court of the city of Richmond, with
the consent of the creditors of said railroad company parties
to the suit in which said court is administering the assets of
said company, and by resolution of the board of directors of
the Richmond and Alleghany railroad company.

2. And be it enacted, that the powers belonging to the asso-
ciation shall be exercised by a committee of management, to
be chosen by the railroad companies acting hereunder, and the
members of the association, in such number, proportions and
manner as may be provided by the by-laws of the association.
The committee of management may adopt by-laws and rules
(consistent with the laws of the state of Virginia) for govern-
ing the elections of said committee, and for filling vacancies
therein and to regulate the general affairs of the association;
and they may from time to time alter and amend or repeal the
by-laws and rules: provided, that no change shall become valid
and effective until the same shall have been approved by the
said receivers and the Richmond and Alleghany railroad com-
pany, or its.successor company. The name of the association
may be changed if it shall be deemed in the future desirable to
do so, in order that its title may closely conform with its pur-
poses and its relations to the railroad companies whose em-
ployees may be admitted to share its benefits; but every such
change shall be approved in the manner hereinbefore provided
for the change of by-laws, and be certified by the committee of
management, and recorded in the circuit court of the city of
Richmond.

3. And be it enacted, that the association shall have power
to sue and be sued, complain and defend, in any court of law
or equity; to make and use a seal for its committee of manage-
ment, and alter the same at pleasure; to acquire by purchase,
gift, devise or bequest, or.in any other manner, and take, hold,
receive, use, manage, sell, lease, mortgage, or otherwise dispose
of, or in any manner, not inconsistent with law, deal in property,
real, personal or mixed, and situated in or out of this state,
which may be necessary or proper for said association in carry-
ing on its operations, and generally to do every other act or
thing not inconsistent with law, which may be necessary to
promote the objects and purposes for which the said association
is formed.

4. And be it enacted, that all moneys, securities and pro-
perty, real, personal or mixed, held and owned by said associa-
tion, shall be exempt from taxation so long as they shall be
held exclusively for the benefit and purposes of the scheme of
aid and relief which it is the object of this act to establish.
The said receivers, and the said Richmond and Alleghany rail-
road company (or its successor company), are authorized to
give, from time to time, such aid to said association, by con-
tributions of money or otherwise, as may be deemed expedient,
upon such terms and conditions as, in the case of the receivers,
may be prescribed by the circuit court of the city of Richmond,
with the consent of the creditors of said railroad company,
parties to the suit in which said court is administering the assets
of said company, and in the case of the railroad companies, as
the president and directors may determine.

5. The general assembly reserves the right to repeal, alter
or amend this charter at pleasure, and the same is granted and
accepted upon condition that all taxes and debts that may at
any time become due by this association to the state of Vir-

inia, shall be paid in legal tender currency of the United
tates;.and be it enacted, that this act shall be in force from its
passage.