CHAP. 135.—An ACT to incorporate the Trustees of the funds of
the Protestant Episcopal church in the diocese of Virginis.

Approved February 2, 1892.

.Whereas the members of the Protestant Episcopal
church, in the commonwealth of Virginia, have raised
and contributed certain funds for the support of their dis-
abled clergy, the widows and orphans of their deceased
clergy, and the episcopate of said church within this com-
monwealth; and whereas in order to successfully admin-
ister the said funds and such additions thereto as may
hereafter accrue or be made, it is needful to create a cor-
poration which shall receive, hold, and administer the
same; now, therefore,

1. Bo it enacted by the general assembly of Virginia,
That Right Reverend F. M. Whittle, Reverend ©. J. Gib-
son, D. D., Reverend T. G. Dashiell, D. D., Reverend D. F.
Sprigg, D. D., Reverend J. B. Funsten, Messrs, Charles E.
Whitlock, Joseph Bryan, E. B. Addison, B. J. Barbour,
John F. Glenn, Cyrus Bossieux, F. H. McGuire, William
H. Palmer, Arthur Herbert and Charles R. Hooff, and
their successors, be, and they are hereby, constituted a
body politic and corporate, by the name and style of the
Trustees of the funds of the Protestant Episcopal church
in the diocese of Virginia, and by that name shall have
perpetual succession, and a common seal, and may sue
and be sued, with power to take, receive and hold to them-
selves and their successors, subscriptions, gifts, and con-
tributions for the purpose of providing for the disabled
clergy, the widows and orphans of the deceased clergy,
the support of the episcopate, and for any other charita-
ble purpose of said church in said diocese, and the same
‘oO invest, hold, distribute, and apply for the purposes
iforesaid, but subject to the control of the council of the
said Protestant Episcopal church in the diocese of Vir-
yinia, as it shall be from time to time constituted: pro-
vided that the value of the property so held, shall not ex-
seed at any one time, for each of said funds, the sum of
five hundred thousand dollars.

2. That the said trustees and their successors shall have
power to appoint from their number such officers and com-
mittees (under such rules and by such means as they may
adopt) as shall be necessary and proper for the due man-
agement, control, and administration of the funds and
other property committed to the said corporation for the
purposes aforesaid, and may invest the said officers and
committees with such powers as the said corporation shall
deem best adapted to accomplish the objects and purposes
of this act.

3. That the said trustees shall have power to make and
establish from time to time such by-laws and regulations,
not contrary to the direction of the said council, the laws
of this commonwealth or of the United States, as they
may deem proper for the management of said corporation
aud best fitted to accomplish its objects and purposes; and
a majority of the said board of trustees shall constitute a
quorum for the transaction of business.

4. That the said trustees shall have power to fill any
vacancy which may occur in their body arising from death,
resignation, inability or refusal to act, removal from this
commonwealth, or other cause declared by the-by-laws suf-
ficient to create a vacancy: provided that such vacancy
shall be filled by the selection of one of two or more per-
sons nominated therefor by the said council: and provided
that in case no such nomination be made by said council
at its next meeting after receiving notice of such vacancy,
then said trustees may fill such vacancy; and upon any
successor elected under the provisions of this act, shall be
conferred the same powers and imposed the same duties
as if his name had been mentioned as one of the incorpo-
rators herein.

d. That the said trustees shall submit, annually, to the
said council a full statement and report of the funds in
their hands or under their charge, and of their transac-
tions during the past year.

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