CHAP. 61.—An ACT to amend and re-enact section 1124 of the
code of Virginia of 1887, in relation to selling the capital stock
of chartered companies.

Approved February 18, 180.

1. Be it enacted by the general assembly of Virginia,
That section one thousand one hundred and twenty-four
of the code of Virginia of eighteen hundred ard eighty-
seven be amended and re-enacted so as to read as follows:
§1124. Immediately after the election of the president
and directors the books for receiving subscriptions shall
be delivered tothem. If the whole capital stock has not
been subscribed, they shall take measures for obtaining
subscriptions of the residue. They shall not, to obtain
such subscriptions, sell the stock at less than par, wiless
epecially authorized so to do, but may fix the price of such
residue at a premium, which shall be for the benefit of all
the stockholders ratably.

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