Chap. 403.—An ACT to incorporate the Gold and Silver mining com-
pany.

Approved May 23, 1887.

1. Be it enacted by the general assembly of Virginia, That
Benjamin W. Dobyns, Charles Cole, W. R. Gallimore, 8. F.
Dobyns, and William Terry, and such others as they may
associate with them, be and they are hereby incorporated
and made a body politic and corporate, under the name and
style of the Gold and Silver mining company; and by that
name they may sue and be sued, and do all other acts belong-
ing and pertaining to incorporated companies under the laws
of this commonwealth.

2. The business of said company shall be mining for gold
and silver and other minerals, and raid company may erect
all buildings and furnaces necessary for smelting its ores and
preparing the same for market.

3. ‘he principal office of said company shall be at Wythe-
ville, Virginia.

4, The capital stock of said company shall not be less than
twenty-five thousand dollars nor more than two hundred and
fifty thousand dollars, and shall be divided into shares of one
hundred dollars each, and said company may purchase and
hold all real and personal estate which may be necessary
for the convenient transaction of their business.

5. Said company may receive in payment of subscriptions
to its capital stock, money, lands, and mineral leases upon
terms that may be agreed on.

6. The number of shares of capital stock held by any
member of said company, shall be regulated by the by-laws
of said company subject to the laws of this commonwealth
on that subject.

7. The said company shall be authorized to sell and con-
vey to other persons or corporations, its property, franchises,
and privileges, or any part thereof, and may buy, develop,
and deal in mineral properties.

8. Said company shall have the power to locate, construct,
and operate a railroad from their lands and property to con-
nect with any other railroad: provided the same shall not
exceed ten miles in length.

9. The board of directors shall consist of five members.
and the officers shall be such as the board of directors shall
appoint. The company may organize at any time after the
passage of this act, and upon-the subscription of the mini-
mum stock prescribed by this act.

10. All taxes imposed upon this company shall be paid in
lawful money of the United States.

12. The board of directors for the first year after organi-
zation, shall be the incorporators hereinbefore named.

13.- This act shall be in force from its passage.