CHAP. 546. -An ACT to incorporate the West Bristol laud com-
pany.

Approved March 4, 1890.

1. Be it enacted by the general assembly of Virginia,
That William F. Rhea, John M. Bailey, and E. S. Ken-
drick, their associates and successors, be, and they are
hereby, incorporated and made a body politic and corpo-
rate under the name and style of West Bristol land com-
pany; and by that name shall be known in law, and enjoy
and exercise all rights, powers, and privileges pertaining
to corporate bodies and necessary for the purposes of
this act.

2. The capital stock of said company shall not be more
than one hundred thousand dollars, and shall be divided
into shares, the par value of which shall be twenty dollars
each, and the directors may sell said shares of stock, or
any part thereof, at such price and on such terms as they
may deem to be to the best interests of the company, and
may receive real or personal property or services in pay-
ment thereof, at such valuation as may be agreed upon
between the directors and the purchasers.

3. The said company is authorized and empowered to
purchase, hold, own, lease, and control in any manner,
grant, bargain, sell, mortgage, convey, and otherwise dis-
pose of real and personal properties of any kind in this
state or elsewhere, upon its own account or on behalf of
other corporations or persons, upon such terms as it may
agree upon with the owners thereof: provided, that the
said company shall not own in fee more than ten thousand
acres of land in any one county in this state at any one
time. Thesaid company is also authorized and empowered
to lay out said lands, or any part thereof, into parcels or
lots of convenient size, with roads, lanes, streets, and
alleys, and develop, work, improve, and cultivate, or other-
wise use or dispose of the same in such manner and upon
such terms as the board of directors of said company may
think proper.

4. The three persons first named in this act shall con-
stitute the first board of directors of the said company,
one of whom they shall elect president; they shall adopt
a code of by-laws, appoint a secretary and treasurer, and
when so organized they shall be authorized to change the
corporate name of the said company if desirable, to fix
from time to time the amount of capital stock, and to ex-
ercise all the powers conferred by this charter.

5. The board of directors may establish offices and
agencies at such places as they may deem proper, but the
annual meeting shall be held and the principal office shall
be located in the city of Bristol, state of Virginia.

6. No stockholder shall ever be liable or made responsi-
ble for its debts and liabilities in a larger or further sum
than the amount of any unpaid balance due to the said
company on account of stock purchased from the com-
pany by the said stockholder.

7. This corporation and charter herein granted, except
as to matters herein specially provided for, is hereby de-
clared to be subject to the provisions of the general law
in regard to chartered companies and corporations.

8. Whenever this corporation shall exercise any of the
privileges conferred by this act it shall be liable to the
game taxes as may be imposed by Jaw upon other like cor-
porations, and it is further provided that the said taxes
shall be paid in lawful money of the United States and
not in coupons.

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