Chap. 183.—An ACT to incorporate the eastern shore of Virginia produce
exchange.

Approved January 26, 1900.

1. Be it enacted hy the general assembly of Virginia, That Benjamin
T. Gunter, John I. Nottingham, Thomas B. Quinby, William A. Burton,
L. Thomas LeCato, John W. Bowdoin, John H. Avres, Albert J.
MeMath, Thomas B. James, Levin James Hvslup, Hezekiah A. Wescott.
Wilham LL. Elzey, John H. Roberts, Wilham B. Pitts, George Walter
Mapp, John T. Wilkins, and William KE. Thomas, citizens of the counties
of Accomac and Northampton, in the state of Virginia, and their asso-
ciates, successors, and assigns, be, and they hereby are, constituted a body
corporate and politic, by the name of the Eastern shore of Virginia pro-
duce exchange, and by that name shall be known in law, and shall have
perpetual succession, and the power to sue and be sued, plead and be im-
pleaded, make and have a common seal and alter the same at pleasure,
and shall have, exercise,and enjoy all the rights, powers and privileges per-
taining to corporate bodies and necessary for the purposes hereinafter set
forth; “and said corporation may make a constitution, by-laws, rules and
regulations consistent with the existing laws of this state for the gov-
ernment of all under its authority, for the management of its estates and
properties, for the due and orderly conduct of its business and affairs,
for the collection, investment, and disbursement of all funds under its
control.

2. The general objects and purposes of said corporation shall be the
buying and selling of produce, the selling of produce as agent of the
producer, the consigning of produce as agent of the producer, inspecting
all produce it may handle, owning and operating storage warehouses and
packing houses for produce, and generally all other lawful things cus-
tomarily connected with the trade known as the produce business.

3. The capital stock of the said corporation shall be not less than five
thousand dollars ($5,000.00), and not to exceed fifty thousand dollars
($50,000.00), and shall be divided into shares of five dollars ($5.00) each.

4. The officers and managers of said corporation shall be a board of
eeneral directors, president, vice-president, secretary, treasurer, business
manager, general inspector, local boards, local agents, and local inspec-
tors, and such other officers and employees as the by-laws of said corpor-
ation may from time to time prescribe, and the powers, duties, terms
of office, method of election or appointment, and method of removal
of all said officers, managers, and employees shall be such as the by-laws
and rules and regulations of said corporation may from time to time
prescribe.

5. The said corporation may acquire and hold real estate by gift,
grant, purchase or otherwise, not to exceed two hundred and fifty acres
(250), for the purposes of its business, and said corporation may further
acquire and hold by grant or purchase any real estate sold at public
auction for a debt due to said corporation.

6. The principal office of said corporation shall be in the town of
Onley, in the county of Accomac, in the state of Virginia.

7. All taxes, dues, assessments or charges due to the state of Vir-
ginia from the corporation aforesaid shall be paid in lawful money of
the United States, and not in coupons cut from the bonds of this state.

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