Chap. 17.—An ACT to incorporate Hollins institute.

Approved February 2, 1901.

1. Be it enacted by the general assembly of Virginia, That Charles L.
Cocke, Lucian Hf. Cocke, Mattie LL. Cocke, Bessie Barbee, M. Estes
Cocke and Joseph A. Turner, together with such other persons as may
hereafter be associated with them, are hereby made and constituted a
body corporate under the laws of the State of Virginia, by the name and
style of “Hollins institute,” and by that name shall have perpetual sue-
ecssion and a common seal, may sue and be sued, plead and be impleaded
in the courts of this commonwealth. and shall have the power to purchase,
receive and hold any moneys, stocks, land, tenements, rents, goods and
chattels whatsoever which may be devised, bequeathed or given to it for
the use of said corporation.

2. The said corporation shall have the right to acquire by purchase
and own suitable premises and property for the conduct of a seminary
for the higher education of young women and their instruction in the
various branches of art, science and literature, and may operate and con-
duct the same in such manner as may be deemed most conducive for the
accomplishment of the purposes of said organization. And to this end,
full power and authority is granted said corporation to prescribe what
degrees in art, science or literature it will confer and upon what at-
tainments it will confer the same on the persons entitled thereto, and
under its corporate scal may grant such testimonial by diplomas or cer-
tificates evidencing satisfactory attainment by its pupils in their allotted
studies.

3. The said corporation shall have the power to make by-laws and
regulations for the welfare and government of the affairs of the corpora-
tion and for the endowment, development and successful management of
the institution, and it shall have the power to prescribe on what terms
scholarships in said institution may be sold or endowed ; and it shall have
the power to appoint a faculty of instruction for said institution and to
fix and regulate their fees and salaries. The government of said corpo-
ration shall be vested in a board of governors of not less than five nor
more than nine persons, which board shall from time to time elect the
following executive otlicers—to-wit: President, vice-president, and secre-
tary and treasurer, which last two offices may be combined in the same
person, and such other officers and agents as the board of governors may
from time to time decide to he necessary for the proper management of
the institution.

4. The capital stock of said corporation shall be not less than fifty
thousand dollars ($50,000) and not more than three hundred thousand
dollars ($300,000), said capital stock to be divided into shares of one
hundred dollars ($100) each. And said corporation shall have the right
to cause said stock to be issued in different classes with such conditions of
preference as may seem to the best interest of the corporation, and shall
have the power to borrow money from time to time and secure gaid in-
debtedness by deed of trust upon any or all of its property.
5. The said corporation shall have the right to acquire all the property,
franchises and rights which were granted to the trustees of [Hollins insti-
tute by an act of the general assembly of Virginia, passed December
nineteenth, eighteen hundred and fifty-five, and the acts amendatory
thereof, upon such terms, conditions and stipulations as may be agreed
upon between the corporation created hereby and the said trustees of
Hollins institute.

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