Chap. 105.—An ACT to incorporate the Leesburg hotel and improve-
ment company,

Approved May 2. 1887.

1. Be it enacted by the general assembly of Virginia, That
Henry Fairfax, Dr. CS. Carter, Jos. L. Norris, E. Nichols,
G. W. Survick, EK. C. Benedict, R. B. Wildman, H. J. Mead,
Henry Harrison, f. B. Harrison, J. B. Beverly, E. V. White,
C.P. Jenny, R. OL. Tebbs, W. B. Lynch, Wm. Cline, R. Y.
Bassell, A. T. M. Filler, Sterling Murray, E. F. Birch, John
H. Alexander, BE. Littleton, W. ff. Clemens, F. E. Conrad,
Henry Heaton, or such of them as may accept the provisions
of this act, their associztes and successors, be and are hereby
incorporated and made a body politie and corporate, under
the name and style of the Leesburg hotel and improvement
company, and as such may make and use a corporate seal,
and alter and renew the same at pleasure; may sue and be
sued, contract and be contracted with, and make all by-laws
and regulations for the management of its property and pro-
per conduct of its business.

2. The capital stock of said company shall not be less than
ten thousand dollars and not more than one hundred thou-
sand dollars, to be divided into shares of one hundred dollars
each; subscriptions may be received in land or houses and
lots, at. a price to be agreed upon between the subscribers and
the board of directors.

3. The said company shall have power to purchase land
or lots in the town of Leesburg, not exceeding five acres, nor
more than ten acres outside of, and near said town, for the
purpose of erecting thereon a hotel and all other such build-
Ings as may be appurtenant thereto, and shall have power
to ‘lay out the grounds, conduct water thereto, light the same
With gas or electricity, and to do all things w hich may be
necessary for the erection of a modern hotel with all such
Improvements and conveniences as may be requisite for the
purpose, and to lease or conduct the same, and to completely
furnish and equip it.

4. The said company shall have power to borrow money
and issue bonds therefor, and secure the same by deed of
trust or Mortgage upon its property on such terms as may
be agreed upon by the board of directors and ratitied by ¢
majority of the stockholders at any general meeting, or
special meeting Which may be called, either by publication
fur thirty days” In sone Newspaper published in said town, or
by notice given to each and every stockholder without such
publication; but no stockholder shall be held liable in or for
a greater amount than the stock subscribed for by bim.

5. The officers of said company shall consist of a president,
secretary, and treasurer, and a board of at least tive directors,
and may be organized as soon as ten thousand dollars shall
have been subscribed at a meeting of stockholders, to be

called as provided for in section four; and any business may
be transacted at a special meeting which might be done at
its regular annual meeting, unless probibited by its by-laws.
The office of said company shall be in the town of Leesburg.

6. Said company shall be subject to all the laws of Vir-
ginia in regard to incorporated companies, and shall not pay
its taxes in coupons, but shall pay them in lawtul money of
the United States.

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