CHAP. 502.—An ACT in relation to the appointment of officers
for the city of Bristol.

Approved March 4, 1890.

1. Be it enacted by the general assembly of Virginia,
That the corporation court of the city of Bristol, or the
judge thereof in vacation, in addition to the other officers
to be appointed, is authorized to appoint a treasurer for
said city, who shall perform the duties imposed upon city
treasurers by law, until his successor has been elected and
qualified, as provided in the charter of said city.

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

Chap. 503—An ACT to incorporate the Brookland railway and
improvement company in Henrico county.

Approved March 4, 1290.

1. Be it enacted by the general assembly of Virginia,
That J. M. Fourqueran, James T. Reed, junior, James H.
Barton, J. B. Jones, L. H. Jeter, T. K. Sands, and T. A.
Lamb, of Henrico county, and Fritz Sitterding and H. C.
Burnett, of the city of Richmond, or any five of them,
their associates, successors and assigns, be, and are hereby,
created a body corporate by the nameof the Brookland
railway and improvement company, and are hereby au-
thorized to do any and every act necessary to carry into
effect and to promote the objects of this corporation.

2. The capital stock of this corporation shall not be less
than ten thousand dollars, nor more than one hundred
thousand dollars, divided into shares of one hundred dol-
lars each; and five dollars shall be paid in on each share
subscribed before the company begin business, the balance
to be paid in from time to time as required by the board
of directors.

3. The objects of this corporation are to buy, hold and
sell real estate in Brookland district of Henrico county,
and its vicinity, and to build and operate a line of railway
and to run cars on the same, propelled by electric or horse
power, from any point in said district of the county into
the central part of the city of Richmond, the said railway
to be located upon and along any roads~r streets of the
county or city, after permission for such location shall
have been obtained from the judge of Henrico county
court and the common council of the city of Richmond.

4. The company hereby incorporated shall have the
right to buy real estate in said district and its vicinity and
to develop and improve the same by the opening and
grading of roads and streets in lands so purchased by them
and by building houses, and so forth, and to sell such real
estaté in such manner as it may see fit, and the said com-
pany may borrow money for the improvements aforesaid,
and secure the same by mortgage or otherwise. ‘

5. The stockholders of this company shall not be liable
for any loss, damage or responsibility whatsoever for any
amounts in excess of the assets of the company, each stock-
holder being liable individually only for the amount of
his interest in the stock and other assets of the company.

6. The principal office of the company shall be located
at such place as may be decided upon by the board of di-
rectors, who are to be chosen by the stockholders in gen-
eral meeting each year.

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

CuapP. 504.—An ACT to incorporate the Gate City land company.

Approved March 4, 1890.

1. Be it enacted by the general assembly of Virginia,
That J. M. Barker, I. P. Kane, William. D. Jones, R. R.
Kane, H. S. Kane, J. M. Johnson, and Joseph L. Kelly, or
any of them who may accept the provisions of this act,
their associates and successors, be, and they are hereby,
incorporated and made a body politic and corporate under
the name and style of the Gate City land company, and
by that name shall be known in Jaw, and shall have per-
petual succession, and have power to sue and be sued, plead
and be impleaded, defend and be defended in all courts,
whether in law or in equity, and may make and have a
comm9n seal, and alter and renew the same at pleasure,
and shall have and enjoy all the rights, powers, and privi-
leges pertaining to corporate bodies and to natural per-
sons necessary for the purposes of this act.

2. The capital stock of said company shall not be less
than fifty thousand dollars, and may be increased to any
amount not exceeding one million dollars, by subscrip-
tions or by the issue and sale of shares, the par value of
which shall not be less than one hundred dollars, from
time to time, under such regulations and upon such terms,
and at such price as the board of directors of such com-
pany may from time to time prescribe; and the directors
may receive labor, supplies, materials, lands, water rights,
and other property, real or personal, in payment for sub-
scriptions to the capital stock at such valuation as may
be agreed upon between the directors and the subscribers.

3. The said company is authorized to purchase, acquire,
hold, and convey lands and interests in lands in the county

108
of Scott—such lands, however, held in fee simple, not to
exceed at any one time ten thousand acres; to till, mine,
and quarry upon the same; to construct, lease, and sell
dwellings, stores, and other buildings: to erect and main-
tain bridges and dams, and otherwise use and develop
and improve the same; to grade or improve the streets;
to furnish gas, electric lights, water, or either, to such per-
sons, firms, or corporations residing or doing business at
or near Estillville, in Scott county, as may desire to use
the same; to provide, locate, purchase, erect, and main-
tain all works necessary to furnish gas, electric lights,
and water-works, including pipe-lines and conduits for
the reception and distribution of the same; to construct,
purchase, maintgin, and operate street railways with horse
power, steam, or electric power. And the said company is
authorized to lay out any of its lands into lots or parcels,
with streets, alleys, or parks, and may work, improve, and
develop the same, and may sell and dispose of the same
as the said company may think proper; and may con-
tract for, purchase, lease, hold, construct, operate, or main-
tain any work of internal improvement within the limits
of the lands owned by said company.

4. Thesaid company is authorized and empowered to mine
coal, iron ore, marble, and other mineral substances, and
manufacture the same for use and sale; and may erect,
own, lease, or operate furnaces, mills, manufactories, coke
ovens, or other works necessary or expedient to the enjoy-
ment of the privileges herein granted; and said company
may acquire, by subscriptions or by purchase, the stock or
bonds of any mining, manufacturing, water, gas, street
railway, or other improvement company, within the limits
of the territory before named.

5. The seven persons first named in this act, or such of
them as accept the provisions hereof, shall constitute the
first. board of directors of the said company, and shal! con-
tinue in office until the first meeting of the stockholders
thereof. At such first meeting, and at every annual meet-
ing, 80 many directors shall be elected as may be pre-
scribed by the laws and regulations of said company, who
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. Each stock-
holder in the company shall, at all meetings or elections
thereafter, be entitled to one vote for each share of stock
registered in his name.

6. The board of directors shall be stockholders of said
company. They shall appoint one of their number presi-
dent, and may fill any vacancy that may occur in said
board, unless by a removal, in which case the same shall
be filled by the stockholders in general meeting. When-
ever the minimum amount of capital stock herein named
shall have been subscribed, and the board of directors
shall have elected a president, the said company shall be
considered legally organized, and may proceed to the
transaction of business. The board shall appoint, to hold
during its pleasure, the subordinate officers and agents of
said company, prescribe their compensation, and take
from them such bonds, with security, as they may see fit.

7. The board of directors may establish offices and
agencies at such places as they may deem proper, but the
principal office of said company shall be located at some
point within the county of Scott in this state. The first
meeting of the stockholders shall be called by the board
of directors herein named, to be held after the minimum
amount of stock shall have been subscribed, and at any
time within six months thereafter, and at such place as
may be designated by the said board, and all annual
meetings of the stockholders thereafter shall be held on
the first Wednesday in May of each year, and at such
place as may be prescribed by the by-laws of the said com-
pany. A general meeting of the stockholders of said com-
pany will be held at any time, as provided in the tenth
section of chapter fifty-seven of the code of Virginia.

8. The said company shall issue certificates of stock in
said company to the subscribers or purchasers thereof, in
shares of not less than one hundred dollars each, signed
by the president and countersigned by the secretary of
said company. The said certificates shall be transfera-
ble on the books of the company by the said subscribers, or
their personal representatives or duly authorized agent or
attorney; and the said certificates, when so transferred
as aforesaid, shall be returned to the said company and
cancelled and new certificates of stock shall be issued in
lieu thereof to the persons entitled thereto, to a like num-
ber of shares.

9. It shall be lawful for said company to issue or sell its
bonds from time to time for such sum and on such terms
as its board of directors may deem expedient and proper
in the prosecution of any of its work, and for the purchase
of lands, and may secure the payment of such bonds by
mortgages or deeds of trust upon all or any portion of its
property and franchises, including its franchise to bea
corporation ; and may reserve the right to the company or
confer on any holder of the bonds of the company the
right to convert the principal thereof into stock of the
company at any time; and it shall be lawful for said
company to subscribe to and hold shares in the capital
stock of any railroad company or other corporation when-
ever the board of‘directors of the company shall deem it
to its interest to do so, and any such corporation may
guarantee or hold the bonds or the stock of the said company.

10. No stockholder in said company shall be held or
made responsible for its debts and liabilities in a larger or
further sum than the amount of any unpaid balance due
to the said company for stock subscribed for by said stock-
holders.

11. The said company, for the purpose of locating, lay-
ing, constructing, and operating its conduits and pipe-
lines, and acquiring the lands and rights of way required
therefor, may enter upon lands and acquire by condemna-
tion, according to the laws of Virginia, the lands and
rights of way required by the company from time to time
therefor.

12. All taxes due the commonwealth by said company
shall be paid in lawful money of the United States and
not in coupons.

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