Richmond enquirer. [volume] (Richmond, Va.) 1815-1867, 1834-01-16
Directors not exceeding ,hs,een and the Board shall

Directors not exceeding reen and the Roar ..c,
from 'heir number a President; aud a.majority of said
Board oil directors, preset, at any meeting, shall have
pIwtr TO transact business Not less than i've 10 cous,
ute Board Tor the tran,acto0 of business. .,
he further enacted That at all eiec Of Direc-
OIL san Company, each proprietor oil i've shares shall
DC entitled 10 voe, shares to two votes of fl
,heie. to three voices eniy shares TO four votes
~ snafes 10 i've votes at forty shares TO six votes
sa'es' 10 seven voes; "f eighty shsres, 10 eight
Vos, o. one HUNDRED shares, voes; hundred
ana 'oy shares, 10 eleven votes; @, one hundred and
eighty shares to twelve woes: of two bundled shares and
upwards TO hiteen 70 e.; aud nsioy OF all the shares
shall be necessary choice or a.. ,,s,c,io, of ,nv
oher business which siaI ccm. b.l,. a.. 1870
BE Jmfher enacted, Tina, the pre.ideni or any
three OF e Directors shall have power call special
meetings OF the Stockholders, to supply vacancies i'm their
own body TO appoint such officers and clerks as the
Stockholders in general meeting, shall autho.e to
e bunds with su!ci, mt security FOR the good conduct
ie'y and attention Of such officers and clerks, AMI
no all other ac snd things touching The affairs OF the
py, not otherwise specially provided for. Dividends Of
e "e" ptohts oil the said company, shall be made at
sneh ues as shah be determined by the Stockholders
m gene, 81 meeting And should any portion Of the cap
tai stc OF said company he included i'm any Dividend
lie Directors by whom such dividend is declared shall
b. able respectively, to all persons holding claim. or
ands sn said company at the period oi decIa,ing
such dividend Aud moreover, each Stakeholder, who
participates in the dividend of such capital stock shall be
liable to such creditors TO the extent OF the capital stock
received 10y him, her, under such Dividend aud shall
moreover forfeit their Charter
ne further enacted, That If any subscriber shall fail
70 pay me amount subscribed by him her, at the time
prescribed by the President aud Directors for the pay
meni thereof, shall he lawful for the company to reco-
yer The amount which may he due by artcn of debt
IN any court OF record in this States such
shall receive dividend until the whole amount of such
subscription shall have been paid. Moreover, IL shall be
In 'he Iower OF the President and Directors in case of
such default TO make sale Of the shares such delinquent
or oil so many thereof, shalt be requisite satisfy the
amount due at the time of such sale Provided that no
sale shall take place until such default shall have CONT
nued for three months prior thereto.
BE 1t further enacted, That the stock of the said
company shall be deemed personal estate and pass as
such 10 the representatives OF each Stockholders;
10 Wansierred and certificates thereof issued in such
manner anu iorm as the President Dire ctos or the
Stockholders in general meeting, shall from time TO time
so construed ms TO prevent The said company from selling
and conveying any part OF such real estate as they may
hold and which may be hereby incorporated into stock
and declared personal estate auhose the convey
ance 81 such real estate, when Sold or disposed Of i'm
any other manner than that prescribed by the of this
Commonwealth, for the disposal of rel es.
tate; and when il is sold and conveyed from being cons.
dered real estate.
he At further enacted That the President and Di-
reciors shall have power to make bye-aws and re-
gna on not contrary 10 the laws United States or
OF mis state, as they deem expetent and proper for
Tue government OF the said corporation.
BE further enacted That this act shall be i'm force
| ior thlry years from its passage and no longer.
IL George W. MunfDrL, Clerk of the House of Dele
gates, and Keeper Of the Rolls of Virginia do hereby
certify and make known, that the foregoing true COPY
OF act Of the Legislature of Virginia passed
the ninth, eighteen hundred AM, thirty four
Given under my hand, this eleventh day of January
1881. GEORGE w. MUNFORD c. H. d.
and Keep of the Rolls of Pal