Chap. 227.—An ACT to amend and re-enact section ten of an act approved May
18, 1887, entitled an act to incorporate the Buck horn iron and improvement
company.

Approved February 8, 1898.

1. Be it enacted by the general assembly of Virginia, That section ten

af an act annrnved Mav eichteanth eighteen hundrad and aichty.caven
entitled an act to incorporate the Buck horn iron and improvement
company, be amended and re-enacted so as to read as follows:

§ 10. No stockholder in said company shall be held liable or made re-
sponsible for its debts or liabilities in a larger or further sum than the
amount of any unpaid balance due to the said company for stock sub-
scribed for by said stockholders, and the board of directors of said com-
pany are hereby authorized and empowered to reduce the capital stock
of said company, whenever said board shall deem it expedient so to do,
by calling in and cancelling any part of said stock in such manner and
upon such terms as shall be agreed upon by said board of directors and
any or all of the stockholdors of said company: provided, that said
capital stock shall not be reduced below the minimum stock provided
for by the second section of this act.

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