Chap. 4.—An ACT to fix the number of the board of directors in a joint stock
company where the capital stock does not exceed ten thousand dollars.

Approved December 14, 1895.

1. Be it enacted by the general assembly of Virginia, That here-
fter when any joint stock company shall be incorporated under the
ws of the State of Virginia, if the maximum of the capital stock
f said company shall not exceed ten thousand dollars, the court, or
idge in vacation granting the charter, may, in its or his discretion,
uthorize and fix the directors who are to manage the affairs of the
mpany at the number of three directors, to include the président.
his number to hold for the first year and thereafter, unless the
ockholders, in general meeting, shall prescribe a different number.
2. This act shall be in force from its passage.