Chap. 171.—An ACT to incorporate the Progressive Mutual Live-Stock Associa-
tion, of Accomac county, Virginia.

Approved March 14, 1902.

1. Be it enacted by the general assembly of Virginia, That James H.
Fletcher, R. P. Hardy, James R. Wharton, and G. W. Trader, and all
those who may be hereafter associated with them in the manner herein-
after provided, and their successors, be, and they are hereby, declared to
be a body constituted and corporated by the name and style of the Pro-
gressive Mutual Live-Stock Insurance Association, of Accomac county,
Virginia, and by that name may sue and be sued, plead and be impleaded,
within all the courts of law and equity in this Commonwealth or else-
where, and have perpetual succession and use a common seal; to alter or
renew the same at pleasure; to acquire, hold, and convey property, both
real and personal—the amount of real estate acquired and held not to ex-
ceed fifty acres; to ordain and publish such by-laws, ordinances, and
regulations as they think proper and wise, and to do every act and thing
necessary to carry into effect the objects and designs of this corporation :
provided, that such by-laws, ordinances, regulations, or acts be not incon-
sistent with the laws of this State or of the United States.

2. The object of this company is to assist by pecuniary contributions
any member that may lose any live stock upon which is held a certificate
of insurance of this company.

3. That J. H. Fletcher, T. Rayfield, R. P. Hardy, J. R. Wharton,
G. W. Trader, Fred Planter, G. T. Conquest, John H. Watson, and Peace
Milburn shall be the directors of said company until otherwise appointed
by the members; that James H. Fletcher shall be president, Thomas Ray-
field vice-president, R. P. Hardy secretary, James R. Wharton treasurer,
and G. H. T. Byrd, Douglas Wise, and Elijah Milburn the board of ap-
praisers. All of said officers shall continue in office until their successors
are duly elected and qualified. In case of a vacancy in office of any officer
from any cause, the remaining directors may elect others to fill their
places until a meeting of the members shall be held. Five of said direc-
tors shall constitute a quorum for any and all business of said company.

4. There shall be an annual meeting of the company for the election of
officers and directors at such time and place as the members in a general
meeting may appoint. The president, vice-president, secretary, and
treasurer shall be president, vice-president, secretary, and treasurer of the
board of directors, and at the annual meeting for the election of officers a
majority of the members thereof, in person or represented by proxy, shall
constitute a quorum for such meeting.

5. All persons subscribing to this charter of incorporation and pledging
themselves to be governed by all by-laws, regulations, or requirements
adopted by said association in pursuance thereof, their executors, admin-
istrators, and assigns, and vendees continuing to be insured therewith,
shall thereby become members of said company during the time they shall
remain insured therein, or until they shall withdraw from the company
in accordance with its prescribed regulations.
6. ‘The members of the company shall not be liable for any loss, dam-
age, or responsibility other than that each member shall be bound to con-
tribute to the necessary expenses of the company in proportion to the
amount for which his property is insured, and shall be bound to pay in
the same proportion to the proper officer of the company the losses sus-
tained by any fellow-member of the company from natural or accidental
death of any insured animal; and if any member shall fail to pay the
same when requested, in accordance with the by-laws, regulations, and re-
quirements of the company, the amount may be recovered, by motion,
after twenty days’ notice in writing in any court of record. The right to
repeal, alter, or amend this act at any time is hereby expressly reserved
bv the general assembly.

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