CHAP. 585.—An ACT to amend section 2 of an act to incorporate
the Cardwell machine company and to repeal section 3.of said
act.

Approved March 2, 1892.

1. Be it enacted by the general assembly of Virginia,
That section two of an act entitled “an act to incorporate
the Cardwell machine company,” approved February
twenty-eight, eighteen hundred and ninety, be amended
and re-enacted so as to read as follows:

_§ 2. The capital stock of said company shall be eighty-
five thousand dollars, and it may be increased from time
to time, and at any time, by vote of the stockholders, a
majority thereof voting for such increase, to a sum not ex-
ceeding three hundred and fifty thousand dollars; and
said capital stock shall be divided into shares of the par
value of one hundred dollars each ; and whenever eight hun-
dred and fifty shares have been subscribed and ten per
centum paid in cash thereon, under the direction of any
three or more of the incorporators hereinbefore named, the
subscribers or stockholders may organize the company by
electing a president and treasurer and a board of directors,
said board to consist of not less than five stockholders, and
by electing or appointing such other officers or agents as
may be deemed necessary for the management of such
company’s affairs; and thereupon said company shall have
and exercise all the general powers, privileges, and func-
tions of a corporation, and be subject to all the restrictions
imposed by the laws of the state applicable to manufac-
turing companies, except so far as the same may be
changed or modified by this act.

2. Be it further enacted, That section three of said act
be, and is hereby, repealed.

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