Chap. 299.—An ACT to ratify, confirm, and approve charters, incorporating
joint stock companies granted by the circuit or corporation courts of this
state, or by the judge of any such court in vacation, in which the capital
stock is not in excess of ten thousand dollars, and the directors, including
the president, are fixed at three.

Approved February 12, 1896.

1. Be it enacted by the general assembly of Virginia, That if
any charter incorporating a joint stock company heretofore granted
by any circuit or corporation court of this state, or by any one of the
judges of such courts in vacation, the capital stock be not in excess
of ten thousand dollars, and the directors for the first year and
thereafter, including the president, are fixed at the number of three,
unless the stockholders in general meeting shal] prescribe a different
number, every such charter is, as to such provisions respecting the
number necessary to constitute the directory, including the presi-
dent, hereby ratified, approved, and confirmed.

2. Every such joint stock company shall be deemed and held to
have been duly organized and fully authorized to conduct business
according to law from and after the date when its charter was lodged
with the secretary of the commonwealth, and with a board of direc-
tora (including the president), constituted as provided for in the
first section of this act.

3. This act shall take effect from its passage.