Chap. 775.—An ACT to incorporate the sulphur mining and railroad company.

Approved March 5, 1900.

1. Be it enacted by the general assembly of Virginia, That S. D.
Crenshaw, W. IL. Urquhart, $8. G. Wallace, J. H. Montague, and A. R.
Kllerson, their associates and successors, be, and they are hereby, con-
stituted and made a body politic and corporate, by the name and style of
the sulphur mining and railroad company, and by that name and style
shall have all the privileges, rights, and powers conferred by, and be
subject to all the provisions of the general law of this state in reference to
corporations and chartered companies, so far as the same may be appli-
cable and not inconsistent with this act.

2. The capital stock of the company shall not be less than one hun-
dred thousand dollars, nor more than two million dollars, divided into
shares of one hundred dollars each, and within said limits may be fixed
and increased, from time to time, as the board of directors shall de-
termine; and said board may issue shares of stock and sell the same at
such prices as in their discretion they shall think fit, whether below
the par or face value of said stock or not. Subscriptions to the capital
stock of the company may be paid for in labor, services, money, land,
options or any other property, real or personal, at such prices as the board
of directors shall deem best, and the board is authorized to issue stock
to represent enchanced value of the company’s property. No stockholder
shall be held liable on account of his stock or contract of subscription
beyond any balance he may owe of the price at which he subscribed or
bought of the company.

3. The regular annual meeting of the stockholders of the company
shall be held on the second Tuesday of January in each and every year
at the principal office of the company, which shall be located at sulphur
mines, Louisa county, in the state of Virginia, but the time or place of
holding the regular annual meeting, as well as the location of the prin-
cipal office, may be changed by the stockholders in general meeting.

4. The board of directors shall consist of five members, though their
number may be increased by the stockholders in any general meeting.
They shall hold office for one year or until their successors are elected
and qualified. They shall elect from their number a president and
vice-president, and shall have the power, except in so far as they may be
restricted by a resolution or by-law of the stockholders, to appoint such
officers and agents as they mav decm necessary. The persons named
as incorporators in the first section of this act shall constitute the board
of directors of the company for the first year, and as such shall, in addi-
tion to their other duties. have sole charge and control of the organization
of the company under this charter, and may dispense with the giving and
publishing of notice of the opening of the books of subscription to the
capital stock, and also with the requirement of law that a subscriber
shall pay two dollars a share at the time of his subscription.

5. The company is authorized and empowered to mine and produce
for manufacture or market kaolin, plumbago, and all other earths or
clays useful for manufacturing purposes; also coal, iron, lead, gold,
silver, copper, pvrites, and all other minerals, ores or metals, and to
carry on the business of mining and manufacturing all kinds of ores,
minerals, metals, earths, and clay from its own mines or the mines of
others, manufacturing everything that can be manufactured from such
products, and, moreover, manufacturing chemicals, compounds, fabrics,
and articles of all kinds and descriptions of anv and every material what-
ever, to build all necessary plants and factories, and to operate the
same, and to establish and conduct all necessary agencies for the sale
of the products of its mines or factories; to search for and develop min-
eral properties of all kinds and descriptions, and to sell or work the
same; to acquire by purchase, lease or otherwise such mineral and other
lands, or the ores, minerals, metals, earth, and clay rights therein, and
such_mines and manufacturing plants, in this or any other state of the
United States, or in foreign countries, as may be necessary or useful for
the purposes ahove mentioned, or any of them, and to hold, work, and
operate the same.

6. And said company is authorized and empowered to buy, build or
have built, own, and run freight and charter vessels, barges, and boats
propelled by sail, steam or any other manner, and establish all necessary
wharves and landing places; also to acquire by purchase from the sul-
phur mines company of Virginia, which is hereby authorized to sell and
convey the same, the railroad in Louisa county, Virginia, belonging to
the said last named company, and extending from its mine in said county
to the Chesapeake and Ohio railway company at Mineral City, together
with the equipment, rights of way, easements, and appurtenances thereto,
belonging, or in any wise appertaining, and to run and operate the same,
and likewise to purchase, lease, construct, run, and operate such other
railroads, no one of which, however, shall exceed in length fifty miles, as
may be necessary to connect its mines or plants with each other, or with
other manufacturing establishments, or with the nearest railroad lines
or waterways, and for this purpose, when necessary, may acquire by
contract or condemnation such other property or rights of way as may
be necessary therefor, proceedings for such condemnations to be in
accordance with chapter forty-six of the code of Virginia and the laws
supplementary thereto and amendatory thereof: provided, that as to any
such railroad constructed upon or over rights of ways obtained by con-
demnation proceedings the said company shall be subject to all the
duties, obligations, and restrictions of common carriers, as prescribed
by law. And said company is authorized and empowered to buy, build
or have built, own and run freight and charter vessels, barges, and boats
propelled by sail, steam, or in any other manner, and establish all nec-
essary wharves and landing places; also to acquire by purchase from the
sulphur mines company of Virginia, which is hereby authorized to sell
and convey the same, the railroad in Louisa county, Virginia, belonging
to the said last named company and extending from its mines in said
county to the Chesapeake and Ohio railway company at Mineral City,
together with the equipment, rights of way, easements, and rights of ex-
tension, and appurtenances thereto belonging or in any wise appertain-
ing, and to run and operate the same; and likewise to purchase, lease,
construct, run, and operate such other railroads, no one of which, how-
ever, shall exceed in length twenty miles, as may be necessary to connect
its mines or any one or more of them with the nearest railroad lines,
or waterways, and for this purpose, when necessary, may acquire by con-
tract or condemnation, such property or rights of way as may be neces-
sary therefor, proceedings for such condemnations to be in accordance
with chapter forty-six of the code of Virginia, and the laws supple-
mentary thereto and amendatory thereof: provided, that as to any such
railroad constructed upon or over rights of way obtained by condemna-
tion proceedings, the said company shall be subject to all the duties,
obligations and restrictions of common carriers as prescribed by law.

7. Said company is authorized and empowered as often as it sees fit
to exchange, barter, mortgage, lease, sell, and convey its lands, mines,
plants, railroads, rights, franchises, including its franchise to be a cor-
poration and other property, or any part thereof; and may sell its
mortgage bonds from time to time at such prices and upon such terms
as its board of directors may deem expedient and proper in the prose-
cution of any of its works or business.

8. Any other company may hold shares of stock in this company,
and this company may, in like manner, hold shares of stock in any other
incorporated company or corporation in all respects as if it were a
natural person.

9. The acceptance of this charter shall be construed as an agreement
on the part of said company to pay all taxes due and assessments to the
state of Virginia in lawful money of the United States, and a waiver of
any right to pay the same in coupons.
10. This act shall be in force from its passage.