Chap. 387.—An ACT to incorporate the Colonial Beach agricultural and indus-
trial association.

Approved February 19, 1896.

1. Beit enacted by the general assembly of Virginia, That W. H. Fair-
fax, F.G. Fairfax, T. H. Massey, B. D. Cooke, C. W. Walcott, John A.
Pierson and all other persons who may become associated with them
under the provisions of this act, be, and they are hereby, constituted a
body politic and corporate by the name and style of the Colonial Beach
agricultural and industrial association, and as such shall have per-
petual succession and a common seal, and may sue and be sued,
plead and be impleaded, contract and be contracted with, and make
all proper and needful by-laws and regulations not inconsistent with
the laws of the United States or of this commonwealth.

2. The purposes and object of this association shall be to estab-
lish and conduct fairs and other exhibitions of agricultural and other
products as a means of developing the resources of the Northern
Neck, and of promoting and advancing all industrial pursuits. The
principal office of the association shall be at Colonial Beach; and its
stockholders’ meetings, fairs and exhibitions shall be held at Colo-
nial Beach and at such other places as may be deemed expedient.

3. The said association shall have the right to acquire and hold
real property by purchase, lease, gift, devise or otherwise, or by con-
demnation under the general laws of this state; and shall also have
the right to acquire and hold personal property by purchase or other-
wise; such acquisition and holding of real and personal property
not to exceed, however, one hundred thousand dollars in value.

4. The capital stock of the association shall be divided into shares
of twenty dollars each, which shall be paid as required by the by-Jaws;
and the personal liability of every and any stockholder, for the debts of
the association, shall be limited to the amount unpaid on the shares
of the stock subscribed for by each stockholder; all certificates of stock
shall be signed by the president and countersigned by the treasurer
and secretary of the society.

5. The officers and directors shal] be elected and the annual meet-
ings held at such time as may be provided by the constitution and
by-laws of the association.

6. The board of directors, including the president, secretary and
treasurer, shall have the management and control of the property,
affairs and business and concerns of the association.

7. Such constitution as shall be adopted by a two-thirds vote of the
stockholders of the association shall be held and deemed to be the
constitution of the said association, and shall not be altered or
amended except as may be therein provided.

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