CHAP. 93.—An ACT to incorporate the Chesterfield agricultural
society.

Approved January 26, 1892.

1. Bo it enacted by the general assembly of Virginia,
That W. W. Baker, Howard Swineford, William I. Clop-
ton, J. B. Watkins, H. Clay Chamblin, John E. Taylor, C.
Meade, M. A. Cogbill, John F. Bransford, Thos. Davis, J.
P. Gilliam, P. C. Warwick, Ben. P. Owen, J. N. Dunston,
A. A. Rudd, G. E. Robertson, W. H. Wherry, A. C. Atkis-
son, T. M. R. Talcott, J. H. Webb-Peploe, H. A. Catlin, H.
EK. Harnish, J. P. Goode, D. B. Goode, Geo. B. Adkins, E.
T. Cox, Joseph Walker, Byrd Warwick, J. F. Bradley, and
W. J. Carter, and all other persons associated with them
under the provisions of this act, be, and are, constituted
a body politic and corporate under the name and style of
the Chesterfield agricultural society, and as such shall
have perpetual succession and a common seal, which it
may renew or alter at pleasure; and may sue and be sued,
plead and be impleaded, contract and be contracted with,
and make all needful by-laws, ordinances, and regulations
not inconsistent with the laws of this commonwealth.

2. The purposes and objects of this society shall be to
establish and conduct fairs and other exhibitions of agri-
cultural and mechanigg! products, live stock, works of art,
minerals, and other commodities, and by exhibition of all
lawful sports and by the awards of premiums for excel-
lence of quality in articles exhibited and for speed of
horses.

3. The said society shall be entitled to take by grant,
gift, devise, or bequest, and hold real or personal property
with the power to grant and convey the same, its real es-
tate not to exceed two hundred acres. The capital stock
of the society shall not be less than five thousand dollars,
nor more than one hundred thousand dollars, divided into
shares of twenty-five dollars each, which shall be paid in
cash or instalments, as may be required by the by-laws.
The said society shall be authorized to accept land or
other property in payment of stock, and shall be author-
ized to issue preferred stock and common stock, or either
or both, as it may be determined to be most judicious.

4. No stockholder shall be under any liability, except
to pay to the society the par value of the stock subscribed
for by him.

5. All certificates of stock shall be signed by the presi-
dent and countersigned by the secretary and treasurer of
the society.

6. Each stockholder shall have one vote in person or by
proxy at all the meetings of the stockholders for each
share of stock owned by him.

7. The annual meetings of the stockholders shall be
held at such time and place as may be provided by the by-
laws of the society. If at any meeting of the stockhold-
ers there be present in person or by proxy those who can
give a majority of all the votes which could be given by
all the stockholders, the same shal] constitute a quorum
for the transaction of business and the election of officers,
and not otherwise.

8. At the first meeting of the stockholders under this act,
and thereafter at their annual meetings, there shall be
elected fifteen directors, who shall be stockholders, and
eight or more of the said directors shall constitute a quo-
rum for the transaction of all business.

9. The voting for the directors and other officers shall
be by ballot, and a majority of the votes cast shall be ne-
cessary to elect.

10. The stockholders shall elect a president, a vice-pres-
ident, a secretary, and treasurer, annually, from among
their number, and fix their compensation.

11. The board of directors, including the president, secre-
tary, and treasurer, shall have the appointment of such
other officers and employees as they may deem necessary
for the purposes of the society, and fixing the compensation
of such appointees. They shall also have the manage-
ment, superintendence, and control of the property, affairs,
business, and concerns of the society. They shall make
the necessary arrangements for the stated fairs and exhi-
bitions of the society, and prepare and ordain schedules
of premiums to be awarded to exhibitors; and they shall,
annually, or from time to time, as when the income of the
society shall exceed its debts and expenses, declare and
pay dividends out of the net profits of its fairs and exhi-
bitions to the stockholders upon the stock held by them.

12. No money shall be paid out for or on account of the
society but upon the order of the board of directors by
check or draft upon the treasurer, signed by the president
and countersigned by the secretary.

13. The principal office of said society shall be in the
city of Manchester or county of Chesterfield, and the so-
ciety may locate said offices at its fair grounds.

14. The county court of Chesterfield county, or the
judge thereof in vacation, shall have power to appoint po-
lice officers for the fairs, exhibitions, and for all public
occasions of said society, whose duty shall be to preserve
the peace and good order and to make arrests if necessary.

15. Be it further enacted, That any of the railroad or
street railway companies, or land companies, or other cor-
porations, located or doing business in the county of Ches-
terfield or city of Manchester, or in the county of Henrico
and city of Richmond, be, and they are hereby, authorized
to subscribe to the capital stock of said society.

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