Chap. 734.—An ACT to incorporate the Southside finance company of Virginia

Approved March 4, 1896.

1. Be it enacted by the general assembly of Virginia, That Au-
gustine Royall, C. T. Henley, M. L. Van Doren, William G. Venable,
and A. D. Watkins, and such other persons as they may associate
with them, and their successors, be, and they are hereby, made and
constituted a body politic by the name of the Southside finance com-
pany of Virginia, and shall have all the powers, rights, and privi-
leges necessary or proper for the purpose of acquiring, holding, and
lisposing of state, city, town, county, and other bonds, certificates of
tock, promissory notes, and other evidences of indebtedness, per-
onal property, and real estate not exceeding five thousand acres at
yne time, and may give its own value received obligations or capital
tock in exchange or payment therefor, the object of the company
yeing to trade and assist persons in capitalizing their assets, and
ilso in liquidating their indebtedness, and to the latter end shall be
ompetent receivers in chancery proceedings when so appointed by
rrder of court.

2. Any three of the corporators may organize the company, and
Ihereupon it shall have and exercise all the general powers and
‘unctions of a corporation, and be subject to all restrictions imposed
9y laws of the state, except so far as the same may be changed or
nodified by this act.

3. The capital stock of the company shall not be less than ten
-housand dollars nor more than fifty thousand dollars, in shares of
she par value of twenty-five dollars each. The principal office of the
sompany shall be in the city of Manchester, and all of the officers
and directors shall be tax-payers and residents of the state of Vir-
zinia,

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