Chap. 140.—An ACT to amend section 3 of the charter granted the Manches-
ter paper twine company by the judge of the hustings court of the city of
Manchester on the 30th day of May, 1891, during the vacation of said
court, so as to authorize said company to issue twenty-one thousand five
hundred dollars of its second mortgage bonds and a like amount of its
authorized capital stock at a price or for a consideration below the par
value of said bonds and stock in payment for the repair and restoration
of its plant; and to declare the stock so issued fully paid and non-assessable.

Approved January 24, 1900.

Whereas by an order entered on the thirtieth day of May, eighteen
hundred and. ninety-one, the judge of the hustings court of the city
of Manchester, in vacation, granted a charter incorporating the Man-
chester paper twine company, which charter is in words and figures fol-
lowing—to wit:

The undersigned, desiring to form a joint stock company under the
laws of the state of Vi irginia, have severally made, signed and acknowl-
edged the following certificate as required by said laws in such cases:

1. The name of said company shall be “the Manchester paper twine
company.”

2. The purpose for which the company is formed is as follows: To
manufacture twine, cord or rope out of paper or other material. To
manufacture paper of all sorts and varieties, either for the purpose of
spinning same into twine and so forth, as above mentioned, or for sale.

To operate a mill or mills in the citv of Manchester and such braneh
mills as said company may deem it expedient at any time to establish
elsewhere in this or any other state for the purposes above mentioned.

To sell, exchange, or barter its manufactured products and operate
such stores and a agencies in this and other states as the company may
consider expedient for that purpose. To mortgage or otherwise en-
cumber its real and personal property to secure any deferred payments
of purchase money, or to otherwise forward and promote the legitimate
purposes of the company.

3. The capital stock of the company shall not be less than fifty thou-
sand, nor greater than two hundred thousand dollars, to be fixed by
the incorporators and their associates on the acceptance of this charter.
and may within said limits be increased from time to time by a vote of
a majority in interest of the stockholders at the regular annual meeting
or at any general meeting called for the purpose. The capital stock of
the company shall be divided into shares each of the par value of one
hundred dollars. Subscription to the capital stock of the company may
be paid in money, real or personal property, labor and service, and there
shall be no individual liability on the subscribers or stockholders be-
yond their unpaid subscriptions to the stock of said company.

4. The company may acquire by lease, purchase, or otherwise, and
hold title to such real estate in this or any other state as may be nec-
essary or proper for the purposes of the company as above set out, not,
however, to exceed twenty-five acres in the said city of Manchester or
like quantity in any other city, town, or county.

5. The chief office of the company is to be kept in the city of Man-
chester, in the state of Virginia, where also its chief business is to be
transacted.

6. The names and residences of the officers, who for the first year are
to manage the affairs of the company are: Warner Moore, president ;
Harry B. Owen, vice-president; John H. Shields, secretary and treasurer.
Directors: The foregoing ex officio and the following: Francis M.
Whittle, junior, William H. Allison, W. Edward Leake, Joseph N.
Cullingworth, Charles D. Larus. All of whom, both officers and direc-
tors, reside in the city of Richmond, in the state of Virginia, except
the said Harry B. Owen, who resides in the city of Manchester, in the
state of Virginia. .

In testimony whereof we have hereunto set our hands this twenty-
ninth day of May, anno domini, eighteen hundred and ninety-one.

Harry B. Owen, Charles D. Larus, William H. Palmer, Francis M.
Whittle, junior, 8S. H. Bowman.

City of Richmond, state of Virginia—to wit: This day personally
appeared before me, the undersigned, a notary public in and for the
eitv of Richmond, in the state aforesaid, Harrv B. Owen, Charles D.
Larus, William H. Palmer, Francis M. Whittle, junior, and 8S. H.
Bowman, whose names are signed to the foregoing certificate, bearing
date the twenty-ninth day of May, anno domini, eighteen hundred and
ninety-one, and severally acknowledged the same before me in the city
aforesaid.

Witness my hand this thirtieth dav of May, anno domini eighteen
hundred and ninety-one. H. M. TYLER, notary public.

On motion of Harry B. Owen, William H. Palmer, Charles D. Larus,
S. H. Bowman, Francis M. Whittle, junior, who have this day presented
to me, John H. Ingram, judge of the hustings court of the city of Man-
chester, in vacation, a certificate for the formation of a joint stock
company, dated May twenty-ninth, eighteen hundred and ninety-one,
made, signed and acknowledged by them in accordance with section
eleven hundred and forty-five of the code of Virginia, edition of eighteen
hundred and eighty-seven, it is ordered that they be, and are hereby,
granted a charter of incorporation under the corporate name of “the
Manchester paper twine company” upon the terms set out in said
certificate.

But this charter is granted upon the express condition that said com-
pany shall pay its taxes and dues to the state of Virginia in lawful
money of the United States.

It is further ordered that this charter—to wit, this order and the
annexed certificate, be recorded by the clerk of said hustings court of
Manchester, as required by law, and certified by him to the secretary of
the commonwealth.

May thirtieth, eighteen hundred and ninety-one.

JOHN H. INGRAM.

To the clerk of the hustings court of Manchester city:

Virginia—city of Manchester—to-wit: In the clerk’s office of the
corporation or hustings court of said city, the first dav of June, eighteen
hundred and ninety-one. The foregoing certificate together with the
acknowledgment thereto annexed, and the order of the judge granting
the charter of incorporation asked for in said certificate, was this day
presented in the office aforesaid, and duly admitted to record. All of
which is certified to the secretary of the commonwealth of Virginia.

Teste: H. E. DUVAL, clerk.

Commonwealth of Virginia, Richmond, June first, eighteen hundred
and ninety-one: Tax sixty-five dollars on charter of Manchester paper
twine company, paid.

MORTON MARYE,
Auditor of public accounts.

Charter lodged and recorded in book number / page.
H. W. FLOURNOY,

Secretary of the commonwealth.

And whereas it is now desired that said charter, granted as aforesaid,
be amended in the third section thereof so as to enable said company
to pay for the repair and restoration of its mill and machinery, dam-
aged and partially destroyed by a freshet and ice-gorge in James
river; therefore,

1. Be it enacted by the general assembly of Virginia, That section
three of said charter be amended and re-enacted so as to read as fol-
lows:

§ 3. The capital stock of the company shall not be less than fifty thou-
sand nor greater than two hundred thousand dollars, to be fixed by
the incorporators and their associates on the acceptance of this charter,
and may within said hmits be increased from time to time by a vote
of a majority in interest of the stockholders at the regular annual meet-
ing or at any general meeting called for the purpose. The capital stock
of the company shall be divided into shares each of the par value of
one hundred dollars. Subscriptions to the capital stock of the companv
may be paid in money, real or personal property, labor and service; and
there shall be no individual hability on the subscribers or stockholders
bevond their unpaid subscriptions to the stock of said company. And
said company is hereby authorized and empowered in fulfillment of a
contract to repair and restore its mill building and machinery damaged
and partially destroved as above mentioned by an ice-gorge and freshet
in James river, to issne and deliver to the contractor in payment for said
work, twenty-one thousand five hundred dollars of its second mortgage
bonds and a like amount of its authorized capital stock at such price
or for such consideration helow the par or face value of said bonds and
stock, as may be contemplated by said contract or as said company or
its board of directors shall deem expedient; said stock when so issued,
to be deemed fully paid and non-assessable, as the certificates therefor
shall declare.

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