Chap. 724.—An ACT to incorporate the Rosemary library.

Approved March 4, 1892.

1. Be it enacted by the general assembly of Virginia,
That Joseph R. Anderson, Lewis Ginter, E. T. D. Myers,
W. E. Cutshaw, Joseph Bryan, Rosewell Page, Henry 8.
Hutzler, Thomas N. Page and Wyndham R. Meredith and
their successors, are hereby created and declared to be a
body politic and corporate by the name of “ Trustees of the
Rosemary public library,” by which name they and their
successors shall enjoy all the rights and privileges and be
subject to all the regulations and restrictions incident to
similar corporations under the laws of this commonwealth.

2. The corporation is empowered—

First. To erect, establish and maintain a public or cir-
culating library, or both, and reading-rooms, and branches
of the same in the city of Richmond, Virginia, for the use
and enjoyment of white persons only.

Second. To manage, dispose of and receive from the per-
sons hitherto conducting and carrying on a public library
in the city of Richmond under the title of the Rosemary
public library, all the property and funds now in their
hands and hitherto agreed by them to be so transferred.

Third. To receive, hold and own money or property of
any kind which may be given it by deed, will or in any
other way, including the stock and other evidences of in-
debtedness of other corporations, and to use or dispose of
the same for the purposes for which it is incorporated.

Fourth. To make, alter and amend a constitution and
by-laws, rules and regulations for the governing of the
corporation and determining what persons shall have the
right to enjoy and use its property, the conditions of such
use, and all other matters relating to its management, the
conduct of its affairs and the safe-keeping and protection
of its property and funds. ,

Fifth. To hold any and all.real estate and the improve-
ments thereon that it may purchase or otherwise acquire,
except that the amount of real estate to be held within the
corporate limits of the city of Richmond shall not exceed
at any one time five acres of land. The corporation shall
have power to erect buildings or other improvements
either on the real estate in Richmond or elsewhere.

Sixth. To borrow money to aid it in preparing for and
carrying on its work, and to do so may issue its bonds or
notes, and secure them by deed of trust or mortgage on any
or all of its property. It may also secure any loan that
may be made to it by any other lawful method that may
be agreed on between the lender and the trustees.

Seventh. To sell and convey any property held by it,
either for the purpose of reinvestment and using the in-
come, or of using the proceeds in carrying out the objects
of the corporation.

Eighth. To elect a president, librarian, superintendent
and such other officers and assistants as may be deemed
needful, and to form committees for special purposes, and
to put on said committees persons other than the trustees,
and such officers or committeemen shall be elected in such
manner and at such times, and shal! hold office and serve
on said committees for such terms, and perform such
duties as the constitution and by-laws shall prescribe.

3. Any five of the said trustees shall constitute a quorum
for the transaction of any and all business. They shall
select one of their number as the president of the corpo-
ration. The acts of a majority of the quorum, or if more
than a quorum be present, then the acts of the majority
so present at any meeting, duly notified according to the
by-laws, shall be valid. Any vacancies in the number of
said trustees occurring by death, resignation, incapacity
or removal from the city of Richmond, shal! be filled by
persons to be appointed by the remaining trustees, or a
majority of them. The trustees shall not receive any com-
pensation for their services, except that if any one of their
number shall at any time be librarian or superintendent
he may receive compensation as such.

4, Said corporation being wholly charitable and benev-
olent, shall be exempt from the payment of all state,
county or municipal levies or taxes on its property of
every kind as long as the same is held and used for the
purposes of its incorporation.

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