Chap. 978.—An ACT to amend and re-enact the ninth section of an act en-
titled an act to incorporate the mineral development company, approved
May 23, 1887, as amended by an act approved March 4, 1890.

Approved March 7, 1900.

1. Be it enacted by the general assembly of Virginia, That section
nine of an act entitled an act to incorporate the mineral development
company, approved May twenty-third, eighteen hundred and eightvy-
seven, as amended and re-enacted by an act approved March fourth,
eighteen hundred and ninety, be, and the same is hereby, amended and
re-enacted so as to read as follows:

$9. It shall be lawful for the said company to issue and sell its bonds,
from time to time, for such sum and on such terms as its board of direc-
tors may deem expedient and proper in the prosecution of any of its
works, and may secure the payment of said bonds by mortgages or deeds
of trust upon all or any portion of its property and franchises, including
its franchise to be a corporation; and it shall be lawful for said com-
pany to subseribe to and hold shares in the capital stock of any rail-
road company or other corporation, whenever the board of directors
of the company shall deem it to its interest so to do. Said company
ix hereby authorized and empowered to purchase, hold, and control in
anv manner, grant, sell, mortgage, and convey iron ore, mineral, and
limestone and other lands, and to conduct its operations in the counties
of Wythe, Carroll, Pulaski, and Montgomery, and any adjoining coun-
ties in the state of Virginia, or in any state adjoining the state of
Virginia.

2° That all taxes and assessments due or to become due the state
of Virginia shall be paid in lawful money of the United States, and
not. in coupons.

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