CHAP. 247.—An ACT to incorporate the Virginia christian female
seminary.

Approved February 16, 1892.

1. Be it enacted by the general assembly of Virginia,
That John B. Cary, Thomas W. Bond, William M. Yager,
W. 8S. Gooch, G. G. Gooch, George K. Anderson, Wm. J.
Shelburne, M. W. Mason and G. B. Dudley, or such of
them aa may accept the provisions of this act, their asso-
ciates and successors, be, and they are hereby, incorpora-
ted and made a body politic and corporate, under the
name and style of “The Virginia christian female semi-
nary,” and by that name shall be known in law, and
shall have perpetual succession, and have power to sue
and be sued, plead and be impleaded, defend and be de-
fended in all courts, whether in law or equity, and make
and have a common seal, and alter and renew the same
at pleasure, and shall have, enjoy and exercise all the
rights, powers and privileges pertaining to corporate bodies
and necessary for the purpose of this act, and may make

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by-laws, rules and regulations consistent with the existing
laws of the state for the government of all under its au-
thority, the management of its estates and properties, and
the due and orderly conduct of its affairs.

2. The capital stock of said seminary shall not be less
than fifteen thousand dollars, and may be increased to
any amount not exceeding one hundred thousand dollars
by the issue and sale of shares (the par value of which
shall not be less than twenty-five dollars) from time to
time, under such regulations as the board of directors
shall prescribe, and the payment of subscriptionge to the
capital stock shall be made in such manner and on such
terms as the board of directors shall determine; and the
said board of directors may receive real or personal prop-
erty in payment of subscriptions to the capital stock, at
such valuation as may be agreed on between the directors
and subscribers.

3. The object of the said seminary is to conduct and
maintain an institution of learning for girls, and to teach,
board, and give instruction to such girls, or other per-
sons, 28 may be committed to itscare, in accordance with
such regulations as it may adopt.

4. The officers and directors who are to control the af-
fairs of said seminary until the first regular meeting of
its stockholders, shall be as follows: President, John B.
Cary, of Richmond city; vice-president, William J. Shel-
burne; secretary,W.S. Gooch. Directors: John B. Cary,
William M. Yager, G. G. Gooch, William J. Shelburne,
Thomas W. Bond, W. 8S. Gooch, G. K. Anderson, G. B.
Dudley, M. W. Mason. In case of vacancy in any of
said officers, the same shall be filled by the board of di-
rectors in such a manner as they may deem fit.

5. At every annual meeting of stockholders, there shall
be elected a board of directors consisting of eleven
members, or 80 many as the by-laws shall prescribe, each
of whom shall be a stockholder. The said board of
directors shall have the power to elect a president, vice-
president, secretary and treasurer, and to appoint such
professors, officers, teachers, servants and agents, and to
fix their compensation when not fixed by the by-laws,
and take from them such bonds with security, as they
may deem fit; they shall establish the curriculum of said
seminary, fix the character of its instruction, and the
requisites for the degrees to be conferred by it, and do
any and all acts which are necessary to the establishment
and maintenance of a college, seminary, or other institu-
tion of learning.

6. As soon as the minimum of the said capital stock
shall have been subscribed, or as soon thereafter as may
be deemed expedient, the said president and secretary
shall, by advertisement or otherwise, invite proposals, by
way of inducement, for the location of said seminary. As
soon after this as the board of directors may decide, they
shall call a stockholders’ meeting, at such place and time
as they may determine, giving thirty days’ notice thereof
in some paper published in the city of Richmond, by
mailing a notice thereof to each stockholder, or in any
other way they may deem advisable. If a majority of the
stock is represented at such meeting, either in person or
by proxy, it shall have the power to determine the loca-
tion of said seminary, the number, character, and cost of
the buildings, equipments, and appurtenances of the same,
unless they shall decide to refer the same, or any of them,
to the board of directors for action thereon; and said
meeting shall be considered the first annual meeting of
the stockholders for the election of directors. If deemed
advisable, said stockholders may adjourn to such time and
place as they may see fit for the transaction of all ora
part of the business demanding their attention. If a
quorum be not present, in person or by proxy, then an-
other meeting shall be called, as provided for herein, and
so on until a duly authorized and organized stockholders’
meeting is held.

7. The said seminary shall have the power to purchase,
hold, sell and convey real estate not to exceed one thous-
and acres, and to acquire and hold personal property, and
to receive donations, devises and bequests of any kind
and amount.

8. The board of directors may establish offices and
agencies at such places as they may deem proper; but the
principal office shall be located within the limits of the
state of Virginia, at such place as the said board may
determine.

9. The regular annual meeting after this shall be held
at such time and place as the stockholders may determine.
A general meeting of stockholders may be held at any
time as provided for by the eleven hundred and fourteenth
section of chapter fifty-seven of the code of Virginia, edi-
tion of eighteen hundred and eighty-seven.

10. The said seminary shall issue certificates of stock to
the subscribers thereof in shares of not less than twenty-
five dollars each, signed by the president and counter-
signed by the secretary. The said certificates shall be
transferable only upon the books of the seminary by said
subscribers, their personal representatives, duly authorized
agents or attorneys, and the said certificates, when so
transferred as aforesaid, may be returnable to the said
seminary and cancelled, and new certificates of stock
shall be issued in lieu thereof to the person entitled
thereto for a like number of shares.

11. It shall be lawful for said seminary to issue and sell
its bonds from time to time for such sums and upon such
terms as its board of directors may deem expedient and
proper; and it may secure the payment of said bonds by
mortgages or deeds of trust upon all or any portion of its
property and franchises, including its franchise to bea
corporation; and it shall be lawful for said seminary to
subscribe for and hold the shares of stocks and bonds of
any corporation and for any corporation, and to guarantee
or hold the shares of stock or bonds of the said seminary.

12. Each stockholder in said seminary shal] at all meet-
ings or elections be entitled to one vote for each share of
stock registered in his name.

13. No stockholder or director in said seminary shall be
held liable or made responsible for its debts or liabilities
in a larger or further sum than the amount of any unpaid
balance due to the said seminary for stock subscribed for
by said stockholders.

14. All taxes and debts due and to become due the state
of Virginia by said seminary shall be paid in Jawful money
of the United States, and not in coupons.

15. This act shall be in force from its passage, but the
general assembly of the state of Virginia reserves the
right to modify, alter, or repeal this act at any time here-
after.