Chap. 94.—An ACT providing a charter for Smith’s Warehouse
Company, at Blacks and Whites, Nottoway county, Virginia.

Approved February 8, 1886.

1. Be it enacted by the general assembly of Virginia, That
J. A. Smith, W. H. Bridgeforth, E. C. McCulloch, Freeman
Epes, P. Hi. Thomas, R. D. Maben, Peter E. Harris, J. A.
Pinchbeck, G. E. Kennedy, B. W. Thomas, H. K. Bagley and
J. P. Irby and others, and their successors, and such other
persons as may be, from time to time, associated with them, be
and they are hereby constituted, rmade and continued a body
politic and corporate by the name and style of the Smith’s
Warehouse Company ; and by that name it may sue and be
sued, plead and be impleaded, have perpetual succession and
a common seal, with power to elect suitable officers, to ordain
and establish suitable by-laws and regulations for its govern-
ment, and properly to carry out the objects of its organization:
provided, such by-laws and regulations: shall not be in conflict
with the laws of the United States, or of the state of Virginia.
2: The capital stock of the company shall not be less than
three thousand, nor more than thirty thousand dollars, to be
divided into shares of one hundred dollars each.

3. The Smith’s Warehouse Company is authorized to use
the house already erected, and from time to time alter, enlarge
and improve the same, and to build such other houses as to it
shall seem desirable and necessary for the proper conduct of
its business, said house or houses to be used as a warehouse
or warehouses, or places for the storage, safe-keeping, and
sale of tobacco, grain, cotton and other products, with power
and authority to the corporation to demand and have reason-
able compensation for the storage and sale of said products,
and to rent or lease out the said buildings if it shall so desire.

4. The company is authorized, at its pleasure, to erect upon
its property suitable buildings for a hotel or hotels, stores,
stables, shops, and so forth, and to use, rent out or lease the
same, as to it may seem desirable.

5. The stockholders of the company shall not be responsible
to its creditors after payment to the company of the amounts
subscribed by them for its stock, nor shall there be, after said
payment, any assessment upon the stockholders by the corpo-
ration except by their unanimous consent in writing.

6. The corporation is authorized to acquire and hold so
much real estate at Blacks and Whites, in the county of Not-
toway, as may be necessary for the proper conduct of its busi-
ness, not to exceed five acres.

7. The real estate at Blacks and Whites, in the county of
Nottoway, and to which the stockholders of the corporation
now have an equitable right, may be conveyed by the party or
parties holding the legal title thereto, to the Smith’s Warehouse
Company, and when so conveyed shall vest in and become the
property of the said corporation, to be represented by the
capital stock, which shall be deemed personal property, and
shall be assignable, with the consent of the corporation, on
such terms and conditions as may be prescribed by the by-
laws.

8. All the acts of the stockholders, directors or officers,
done in furtherance of the objects of the corporation before
the passage of this act, are hereby ratified and confirmed.

9. This act shall be in force from its passage and approval,
and shall be subject to amendment, alteration or modification,
at the pleasure of the general assembly, and all taxes due the
state, on the property held by the Smith’s Warehouse Com-
pany, shall be paid in currency and not in coupons.