Chap. 391.—An ACT to amend and re-enact an act entitled an act to incor
porate the trustees of the funds of the Protestant Episcopal church, in th
diocese of Virginia, approved February 2, 1892.

In effect February 17, 1900.

1. Be it enacted by the general assembly of Virginia, That an ac
approved February second, eighteen hundred and ninety-two, entitle
an act to incorporate the trustees of the funds of the Protestant Epis
copal church, in the diocese of Virginia, be amended and re-enacted s
as to read as follows:

Whereas the members of the Protestant Episcopal church in th
commonwealth of Virginia have raised and contributed certain fund
for the support of their disabled Clergy, the widows and orphans of their
deceased clergy, the episcopate of said church within this commonwealth,
and for other purposes of the said church; and

Whereas in order to successfully administer the said funds and such
additions thereto as may hereafter accrue or be made, it is needful to
create a corporation which shall receive, hold, and administer the same;
now, therefore,

§ 1. Be it enacted by the general assembly of Virginia, That Right
Reverend R. A. Gibson, Reverend R. A. Goodwin, Reverend Hartley
Carmichael, Reverend L. R. Mason, Misters Joseph Bryan, E. B. Addi-
son, J. N. Boyd, W. H. Palmer, John I. Glenn, Cyrus Bossieux, J. M.
Taylor, W. F. Gray, C. C. Baughman, 8. Rutherford Rose, and J. M.
Ball, and their successors, be, and they are hereby, constituted a body
politic and corporate, by the name and style of the trustees of the funds
of the Protestant Episcopal church, in the diocese of Virginia, and by
that name shall have perpetual succession and a common seal, and may
sue and be sued, with power to take by gift, grant, devise, or bequest
property of every description, real, personal, or mixed, and to hold the
same to themselves and their successors, for the purpose of providing
for the disabled clergy, the widows and orphans of the deceased clergy,
the support of the episcopate, and for any other purpose of said church
in said diocese, whether of a like kind with those mentioned or not, and
the same to invest, hold, distribute, and apply for the purposes aforesaid,
but subject to the control of the council of the said Protestant Episcopal
church in the diocese of Virginia, as it shall be from time to time consti-
tuted: provided, that the value of the property so held shall not exceed
at any one time for each of said funds the sum of five hundred thousand
dollars.

$2. That the said trustees and their successors shall have power to
appoint from their number such officers and committees (under such
rules and by such means as they may adopt) as shall be necessary and
proper for the due management, control, and administration of the
funds and other property committed to the said corporation for the pur-
poses aforesaid, and may invest the said officers and committees with such
powers as the said corporation shall deem best adapted to accomplish the
objects and purposes of this act.

§ 3. That the said trustees shall have power to make and establish,
from time to time, such by-laws and regulations, not contrary to the
direction of the said council, the laws of this commonwealth or of the
United States, as they may deem proper for the management of said
corporation and best fitted to accomplish its objects and purposes; and a
majority of the said board of trustees shall constitute a quorum for the
transaction of business.

§ 4. That the said trustees shall have power to fill any vacancy which
may occur in their body arising from death, resignation, inability or
refusal to act, removal from this commonwealth, or other cause declared
by the by-laws sullicient to create a vacancy: provided, that such vacaney
shall be filled by the selection of one of two or more persons nominated
therefor by the said council: and provided, that in case no such nomina-
tion be made by said council at its next meeting after receiving notice of
such vacancy, then said trustees may fill such vacancy; and upon any suc-
cessor elected under the provisions of this act, shall be conferred the
same powers and imposed the same duties as if his name had been men
tioned as one of the incorporators herein.

§ 5. That the said trustees shall submit annually to the said counci
a full statement and report of the funds in their hands or under thei
charge, and of their transactions during the past year.

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