Chap. 347.—An ACT to incorporate the Martin and Mason building and supply
company of Aeecomac county.

Approved February 16. 189s.

1. Be it enacted by the general assembly of Virginia, That Wilham
T. Mason, Smith K. Martin and Cathell I. Hite -h, and their associates
and suceessors be, and they are hereby, incorporated, created and eon-
stitated a body corporate by the name of the Martin and Mason build-
ing and supply company, by whieh name it shall have perpetual
succession, &@ Common se: ‘al, may sue and be sued, contract and be
contracted with, and shall have all the rights and privileges of a corpo-
ration under the general laws of Virginia, and be subject also, to all the
rules, regulations and restrictions imposed by the laws of the state in
relation to joint stock companies.

2. The said company is incorporated for the purpose of conducting
a general merchandise business, including the coal and wood, and
the manufacture and sale of fertilizers, buying and selling building
materials of every description, and making contracts for the erection of
houses in the counties of Accomac and Northampton.

3. The said company shall have the power to conduct the merchan-
dise business, buying and selling by wholesale and retail goods of every
description usually kept and sold ina general merchandise store, includ-
ing hardware, wood and coal, crabs, fish, oysters and farm products,
buying, owning and selling lumber, trimming and building materials of
every description; and to this end may purchase timber and manufac-
ture the same into material suitable for the erection of buildings; the

sald company shall have the power to buy and sell agricultural fertili-
zers, and to this end may purchase the ingredients, manufacture and
manipulate the same into fertilizers and dispose of the same; the said
company shall have the power to make contracts for the erection of
houses in whole or in part; and for the purpose of conducting the said
business properly the said company is hereby empowered to own and
operate vessel or steamboat property in connection with the above
business,

4. The capital stock of said company shall not be less than ten thou-
sand dollars, but may he increased to a sum not exceeding thirty thou-
sand dollars, and shall be divided into shares of the par “value of one

hundred dollars each. Each stockholder in said company shall be enti-
tled to one vote for each share of stock held by him.

5. The officers of the said company shall be a president, vice-presi-
deut, a secretary and treasurer, and a board of directors of not less than
three persons: provided, that the secretary and treasurer may be the
same person; and the said officers or any of them may be members of
the beard of directors.

6. The first meeting of the stockholders shall be at HWarborton, in Acco-
mac county, Virginia, where the principal oflice of this company shall
be located, as early as convenient after the passage of this act, at which
meeting said officers shall be elected, and after such election the said
company shall be thereupon deemed duly organized, The stockholders
shall met thereafter annually, at said place, on the first day of April
of each year, and at such other times as they may be convened by order
of the board of dircetors upon notice to said stockholders. The officers
of the said company, after the first hereinbefore provided for, shall be
elected by the stockholders annually, at their said meeting of April first:
provided, that said officers and board of directors shall hold till their
successors are elected and qualified,

«. The said company, through its board of directors, shall have
power to make by-laws and rules for its government not inconsistent
with the laws of this state.

8. All debts, demands and taxes due or to become due to the state of
Virginia from the said company shall be paid in lawful money of this
state. . .

J. The general assembly of Virginia reserves the right to alter, amend
or repeal this act at pleasure.

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