CHAP. 608.—An ACT to authorize the board of supervisors of
Highland county to redeem the outstanding bonds of the said
county, issued in payment of its subscription to the capital stock
of the Washington, Cincinnati and St. Louis railroad company,
and for that purpose either to borrow money and issue its Honda
therefor or to exchange new bonds for the outstanding bonds.

Approved March 4, 1890.

Whereas the county of Highland, acting under the gen-
eral laws of the state, did subscribe fifty thousand dollars
to the capital stock of the Washington, Cincinnati and
Saint Louis railroad company, and it did issue its bonds
in payment of the same, redeemable in twenty years; and

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whereas such of the bonds as have not been paid will soon
mature, and there is not now, and will not then be, money
enough in the treasury of said county to redeem the same;
therefore,

1. Be it enacted by the general assembly of Virginia,
That it shall be lawful for the board of supervisors of the
said county, for the purpose of redeeming said outstand-
ing bonds, to appoint an agent or agents to negotiate a
loan or loans ata rate of interest not exceeding six per
cent., and to issue bonds to secure the same for and in the
name of the said county. Said bonds may be either reg-
istered or with coupons attached as said board of supervi-
sors may prescribe. And at the time at which the board
of supervisors makes its levy for said county, it shall levy
on all the lands and other subjects liable to state tax and
county levy in said county, such tax to pay the amount of
such Joan or loans and the interest thereon, or to pay the
interest on the bonds of the county so issued, and to create
a sinking fund to redeem the principal thereof, as said
board of supervisors may deem necessary or proper, and
from year to year may repeat such assessments until the
debt and interest be fully paid; but such levy for a year
shall not exceed the annual interest on the whole debt and
one-twentieth of the principal thereof. And such bonds
shall be issued to run for twenty years, redeemable, how-
ever, at the pleasure of the board of supervisors upon their
call at any time after five years from this date at the office
of the county treasurer of said county or at such bank as
said board may designate.

2. Be it further enacted, that the said board of supervi-
sors may, in its discretion, exchange at par bonds issued
under this act for the said outstanding bonds with such of
the holders of said outstanding bonds as may be willing
to accept said new bonds in exchange therefor.

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

Chap. 608.—An ACT to amend second section of an act entitled
an act to authorize D. A. Plecker to erect a toll-bridge across
North river at Mount Crawford, in Rockingham county, ap-
proved March 6, 1874.

Approved March 5, 1890.

1. Be it enacted by the general assembly of Virginia,
That section two of an act entitled an act to authorize D.
A. Plecker to erect a toll-bridge across North river, at
Mount Crawford, in Rockingham county, approved March
six, eighteen hundred and seventy-four, be amended so as
to read as follows: .

§2. It shall be lawful for the said D. A. Plecker, or his
iegal representatives, so soon as the said bridge shall be
completed and open for transportation and travel, to col-
lect tolls at the following rates, to wit: For every score of
sheep, hogs, or cattle, twenty cents, and in the same pro-
portion for a greater number; for every horse and rider,
three cents; for every lead horse or mule, three cents; for
every foot passenger, three cents; for every animal draw-
ing a wagon or otherwise, five cents; for every pleasure
vehicle drawn by one horse, ten cents; drawn by two,
twenty cents; for every two-horse passenger coach, ten
cents; and for every four-horse coach, twenty-five cente;
and for every steam engine propelled by steam or drawn
by horses, twenty-five cents; and for every wagon or cart
attached thereto, ten cents.

2. This act shall be in force from its passage, subject to
modification or repeal, at the pleasure of the general
assembly.

CHaAp. 604.—An ACT to incorporate the Alleghany Land, Im-
provement, and Loan company.

Approved March 5, 1890.

1. Be it enacted by the general assembly of Virginia,
That Isaac Witz, John W. Stout, B. T, Bagby, J. N. McFar-
land, Arista Hoge, George S. Lightner, B. D. Avis, F. L.
Nuckols, A. G. Foster, D. B. Myers, R. H. Davis, W. M.
McAllister, and Henry Taylor, junior, or any five of them,
their associates and successors, are hereby constituted a
body politic and corporate under the name and style of
the Alleghany land, improvement, and loan company, and
by that name shall have perpetual succession, shall sue
and be sued, and have all the powers and be subject to
all the restrictions imposed upon joint stock companies
and corporations generally by the statutes of this state,
except as hereafter provided.

2. The capital stock of said company shall! not be less
than ten thousand dollars, divided into shares of the par
value of fifty dollars each, which may, in the discretion of
the board of directors, be increased by additional sub-
scriptions or by the issue and sale of shares of stock, to an
amount not exceeding one million dollars; and the direc-
tors may receive real or personal property or labor or pro-
fessional services in payment of subscriptions to the capi-
tal stock at such valuation as may be agreed upon between
the directors and subscribers.

3. The said company shall have the power, and may
purchase, hold, sell, loan, lease, or grant any real or per-
sonal property in the county of Alleghany, or in any
county or city in this state: provided, that the real estate
so held shall at no time exceed ten thousand acres of
land; may lay out any lands acquired by it into town
lots, manufacturing sites, or parks, with intervening roads,
streets, and alleys, and may build on, develop, work, im-
prove, cultivate, sell, grant, mortgage, lease, or otherwise
dispose of the same, or any part thereof in such manner
and upon such terms as the company may deem proper;
and may lend money on real estate or other good security,
and secure the same by trust deed or otherwise, and upon
such terms as it may deem proper.

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4. The persons first named in this act, or any five of
them, who may subscribe the minimum amount of the
capital stock of said company, shall be the first board of
directors of said company, and shall continue in office for
one year from the organization, or until their successors
have qualified, unless removed by a majority vote of the
stockholders. The board of directors shall each hold not
less than five shares of stock in said company. They
shall appoint one of their number president, who shall
hold office for one year, or until his successor shall qualify,
and may fill any vacancy that may occur in said board,
unless by removal, in which case the same shall be filled
by the stockholders in general meeting. When the mini-
mum amount of capital herein named has been subscribed
by the said persons, and they have elected a president,
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 com-
pensation, and take from them such bonds, with such
security, as they may deem proper; shall have power to
make and maintain such by-laws, rules, and regulations
for the government of said corporation and the conduct
of its business as may be deemed necessary and proper
and not in conflict with the constitution and laws of the
United States and of Virginia; and may establish offices
and agencies at such places as they may deem proper, but
the principal office of the company shall be located in the
town of Clifton Forge, Virginia.

5. Subscriptions to the capital stock of said company
shall be taken in such manner and by such commission-
ers and agents as the board of directors shall prescribe
and appoint. Each stockholder in said company shall be
entitled to one vote for each share of stock held by him.
and no stockholder shall be held individually liable for
the debts and liabilities of the company in any larger or
further sum than to such an amount as may be due and
unpaid severally upon each stock subscription. The an-
nual meeting of the stockholders of said company sha!!
be held at Clifton Forge, Alleghany county, Virginia, or
the first Thursday of March of each year, or as soon
thereafter as practicable; but a general meeting of th-
stockholders of the said company may be held at anv
time, as provided for by section eleven hundred and fourteen
of the code of Virginia of eighteen hundred and eightv-
seven.

6. It shall be lawful for said company to subscribe te
and hold shares in the capital stock of any other corpe-
ration whenever its board of directors shall deem it to
its interest so to do, and when it shall become the owner
of such shares it shall cast its vote upon such shares by
its president or vice-president; and it shall be lawful for
said company to redeem its unpaid stock by paying to the
holder the amount he has paid thereon, less any fines,
fees, and other charges against such stock upon the com-
pany’s books, and to redeem its paid-up stock at par, and
said company may cancel its redeemed stock, or sell and
transfer the same.

7. The acceptance of this charter and organization
thereunder shall be taken as an agreement on the part of
said company to pay all dues, taxes and assessments here-
after to be made from said company to the state of Virginia
in lawful money of the United States, and shall be deemed
a waiver of any right to pay said dues, taxes, and assess-
ments in coupons.

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

Chap. 608.—An ACT to incorporate the Invincible Lo? Ne.
| 2,674 of Grand Order of Odd Fellows.

Approved March 5. 1890.

1. Be it enacted by the general assembly of Wrginia
That Levi Woodson, Robert Dabney, Ryland Lewi , James
Monroe, Edward Harris, and their successors, be, , nd ther
are hereby, constituted and appointed a body pic and
corporate by the name and #tyle of the truste
vincible lodge, number twenty-six hundred and §eventy-
four, of the Grand United Order of Odd Fellows of the city
of Richmond, and by that name shall have a per

succession and'a common seal, may contract and be con-
tracted with, sue and be sued, may acquire, receive, hold,
possess, and enjoy, and may rent, sell, convey, invest and
otherwise manage or dispose of as to them may seem most
conclusive to the interest and promotion of the benevolent
purposes of the said Invincible lodge, number twenty-six
hundred and seventy-four, of the Grand United Order of
Odd Fellows of the city of Richmond, all lands, money,
or other property, real or personal, which may have been
or which may be given or otherwise acquired for the use
of Invincible lodge, number twenty-six hundred and sev-
enty-four, of the Grand United Order of Odd Fellows of
the city of Richmond, and the said trustees and their suc-
cessors shal] hold office as trustees no longer than they re-
main members of the said Invincible lodge, number two
thousand six hundred and seventy-four, of the Grand
United Order of Odd Fellows of the city of Richmond, or
until their successors enter upon the discharge of their
duties as trustees: provided, that the sum of money 80 ac-
quired shall not exceed fifty thousand dollars, and the
amount of land held by them shall not exceed one-half of
an acré to be situated in the said city of Richmond.

2. The said corporation shall have power to make and
adopt by-laws, rules, and regulations for the furtherance
of the objects of the organization, and from time to time
alter and repeal such by-laws, rules and regulations.

3. The trustees herein named shall continue to act as
such until their successors are duly elected and enter upon
the discharge of their duties as trustees. The trustees
(five in number) shall be elected annually according to
the laws and rules of the aforesaid Invincible lodge, num-
ber two thousand six hundred and ‘seventy-four, of the
Grand United Order of Odd-Fellows of the city of Rich-
mond, and shall have power to appoint such officers as
may be requisite, and shall exact from any of them such
bonds or other security in such penalty as the trustees
shall direct, conditioned for the faithful performance of
their duties, and the bonds for the secretary and treasurer
of said lodge, and other officers of whom bonds may be
required, may be made payable to said trustees: prdévided,
that nothing herein contained shall be construed as au-
thorizing said corporation to establish any lottery or gift
enterprise, or to dispose of any property by lot or chance.

4. Three trustees shall constitute a quorum for transac-
tion of business; but it shall require the concurrence of
all the trustees for the sale of real estate.

5. This act shall take effect from its passage, and shall
be subject to amendment, modification, or repeal at the
pleasure of the general assembly; and all taxes and dues
to the state shall be paid in currency or lawful money of
the United States and not in coupons.
CHapP. 609.—An ACT authorizing the district school trustees of
the various school districts of Buckingham county to appropri-
ate money to build a suitable building or buildings for one or
more graded schools at Buckingham Courthouse.

Approved March 5, 1890.

1. Be it enacted by the general assembly of Virginia,
That the district school trustees of the various school dis-
tricts of Buckingham county, Virginia, be, and they are
hereby, authorized to appropriate money to build a suita-
ble building or buildings for one or more graded schools
at Buckingham Courthouse.

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

ee

CuapP. 610.—An ACT to incor porate the Stuart Normal college at
tuart.

Approved March 5, 1890.

1. Be it enacted by the general assembly of Virginia,
That the institution of learning at Stuart, Virginia, shall
hereafter he known as Stuart Normal college, which shall
be for the instruction of .the youth of both sexes in the
various branches of science and literature, the yseful arts,
and the foreign languages, and especially for the training
of teachers.

2. That R. S. Martin, C. E. Smith, W. D. Via, E. Parr,
John T. Bishop, J. H. Rangeley, R. J. Woolwine, J. F.
Perkins, and J. W. Giles, be, and they are hereby, appointed
trustees of said college, who, and their successors, shall be
a body politic and corporate by the name of the trustees
of Stuart Normal college; and shall have perpetual suc-
cession and a common seal, and by the name aforessid
they and their successors shall be capable in law, and
shall have full power and authority to acquire, hold, pos-
sess, purchase, receive, and retain to them and their suc-
cessors forever, any lands, tenements, rents, goods, chattels,
or interest of any kind whatsoever, which may be given to
them or by them purchased for the use of said college:
to transfer, convey, and dispose of the same in any manner
whatsoever they shall adjudge most useful to the interests
and legal purposes of the institution; and by the same
name to sue and be impleaded, answer and be answered
in all courts of law and equity; to select and employ such
officers and agents as they may deem proper; to select a
president, and, upon his recommendation, to select such pro-
fessors and tutors for the benefit of the college as they may
deem necessary; to establish and execute, or cause to be
executed, all such laws, rules, and ordinances, not incon-
sistent with the constitution and laws of the United States
or of this commonwealth, as they may think necessary for
the welfare and good government of said college, and all
professors and others connected therewith. The said trus-
tees and their successors shall also have power to accept
and execute trusts committed to them by friends and
donors of the college for mortuary and other similar pur-
poses. .

3. That the trustees of the college shall meet at least
once a year, and may hold such other meetings as may be
provided for by their by-laws; that the board of trustees
shall consist of not less than nine nor more than fifteen
members; that five trustees shall constitute a quorum for
the transaction of business, except that a majority of the
whole number of acting trustees shall be required to elect
the officers of the board and a president and professors
and instructors of the college, and to dispose of any real
estate belonging to the institution.

4. That said trustees, or a majority of them, shall have
power to remove or suspend the president, and, with his
consent, to remove or suspend any of the professors or
tutors at any time, two-thirds of their whole number con-
curring therein, and to remove, in like manner, for good
cause, any of the trustees; and when there shall be a
vacancy in said board of trustees occasioned by death,
removal, resignation, or refusal to act, the remaining
trustees, or a quorum of them, shall supply the vacancy.

5. The said trustees and their successors, with the con-
sent of the faculty, are hereby authorized, as far as their
funds may warrant, to admit gratuitously, in whole or in
part, as their respective cases may require, such person or
persons as they may think proper.

6. That the president of the college, with the consent of
the trustees, shall have power to establish and regulate
the course of instruction to be pursued in said college,
and together with such professors as the corporation may
designate, shall be styled the faculty of the college, and
shall have power to adopt and enforce such rules as may
be deemed expedient for the good government of the insti-
tution; which rules shall not be inconsistent with the
constitution and laws of the United States or of this com-
monwealth, nor with the by-laws and ordinances of the
corporation, and shall remain in full force till disap-
proved by the trustees.

7. That the faculty shall have full power and authority
to meet at such times as they may think necessary for the
examination of any candidate, or candidates for literarv
degrees, and they are hereby authorized and empowered to
confer. such degrees on such persons as, in their opinion,

124
shall merit the same, in as ample a manner as any college
of this commonwealth can do, and under their common
seal to grant diplomas signed by each member of the
faculty.

8. Thatthe faculty shall have full power to regulate and
contro] all literary and other societies which are now, and
shall hereafter be, organized within the domains of the
institution.

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