Chap. 38.—An ACT to amend and re-enact section 3 of the char-
ter of the Lexington development company.

Approved January 9, 1892.

1. Be it enacted by the general assembly of Virginia,
That section third of the charter of the Lexington devel-
opment company, a charter granted by William McLaugh-
lin, judge of the thirteenth judicial district of Virginia.
on the twentieth day of October, eighteen hundred and
ninety, be amended and re-enacted so as to read as fol-
lows:

§ 3. The capital stock of the said company shall not be
less than thirty thousand dollars, with power in said com-
pany to increase the same to a sum not exceeding six
hundred thousand dollars, to be divided into shares of the
par value of ten dollars each. The said stock shall not
be liable for further assessments upon the payment of
fifty per centum of the par value thereof. And when
fifty per centum has been paid in full on the subscriptions
to said stock heretofore made or hereafter to be made, the
Lexington development company is hereby authorized to
issue full-paid certificates of stock for the par value
thereof to the subscribers or their transferees; and the
holders of such certificates shall not be liable for further
assessments thereon for the debts or liabilities of the
company contracted after the passage of this act.

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