Chap. 304.—An ACT to convert the woman’s club of Richmond, Virginia,
from a joint stock company into a social corporation without stock, to
extinguish the stock of said corporation, to declare those now entitled to
membership to be members of said corporation, to continue and to validate
said corporation, its acts and contracts, and to enlarge its powers.

Approved February 16, 1901.

Whereas the Woman’s club of Richmond, Virginia, was chartered
under the Jaws of this commonwealth as a joint stock company by the
law and equity court of the city of Richmond on the second day of July,
cighteen hundred and ninety-five; and

Whereas the stockholders of said corporation have agreed to surrender
their stock to the end that said corporation may be converted into a
social corporation; and

Whereas persons other than stockholders have been admitted to mem-
bership and the privileges of said corporation; now, therefore,

1. Be it enacted by the general assembly of Virginia, That the said
corporation be, and the same is, hereby converted from a joint stock com-
pany into a social corporation, and that the existing shares of stock of
said corporation be, and the same are, hereby extinguished. and that the
existing active members of said corporation, whether they be stockholders
or not, and their successors and such other persons as may be hereafter
associated with them, be, and they are, hereby declared to be a body,
politic and corporate, under the name of the Woman’s club, and as such
shall have and enjov the rights and privileges, and be subject to the
restrictions applicable to such corporations, including the power to adopt
a constitution and by-laws and rules regulating the government of the
club, the election of its officers and other duties: the manner of holding
meetings and notice thereof, and such other matters as may be necessary
or proper for carrying on the affairs of the corporation: and to change or
repeal from time to time such constitution and by-laws and rules as they
may see fit: provided, that no constitution, by-laws or rules adopted by
said corporation shall be inconsistent with the laws of the United States
or the state of Virginia: and the said joint stock company and the cor-
poration hereby created shall be deemed to be one and the same corpora-
tion, and without any interruption in its corporate existence,

2. The present officers, constitution and by-laws of said corporation
shall continue until other officers are elected, or said constitution and
by-laws are changed by the club.

3. The two deeds of trust from the Woman’s club to the Virginia trust
company, trustee, executed by said club on the second day of July, nine-
teen hundred, conveying certain property of the said club to said Vir-
ginia trust company, in trust to secure the issuance of the bonds of
the said Woman's club, as named in the said deeds, and all bonds of the
said Woman’s club issued under said deeds, are hereby declared to be
valid in law and binding upon this corporation; and all other lawful
acts and contracts heretofore done or made by or with the said corpora-
tion are hereby declared to be valid in law, as though this act had not
been passed; and all property and rights now belonging to the Woman's
club of Richmond, Virginia, shall be vested in the corporation hereby
ereated.

4. ‘The said corporation is formed to aid and encourage the social re-
ereation, literary culture and moral, intellectual and social development
of its members, and to promote the moral, intellectual and social im-
provement of the community; and to this end the said corporation may
hold mectings, give lecture courses and entertainments of a social, lite-
rary, musical or other character pertinent to the purposes of its organiza-
tion, and may charge entrance or admission fees to those wishing to
attend such meetings or entertainments.

5. The active members of said corporation shall be entitled to one
vote, and may cast their votes at meetings of the corporation, either in
person or by proxy. ‘I'he corporation may from time to time prescribe
the number of persons necessary to be present at any meeting to con-
stitute a quorum; it may have honorary members, contributing members,
and non-resident members, and may define their privileges and may
withhold from such members the right of voting.

6. Said corporation may take by gift, grant, bequest or devise; accept,
purchase, lease, hold or dispose of any real or personal estate: provided,
that the said real estate held by it in any one county or corporation of
this state shall not exceed one hundred acres; and the said corporation
may borrow money and issue bonds therefor, and may secure the same
by deed of trust, mortgage or otherwise, on the whole or any portion of
its property.

7. The principal office of said corporation shall be in the city of Rich-
mond.

8. The said corporation agrees to pay all taxes and public dues in law-
ful money of the United States, and not in coupons.

9. This act shall he in foree from its passage, and be subject to
amendment, alteration or modification at the pleasure of the general as-
sembly. :