Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1838-04-26
sHANN0NDALE SPRINGS.
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b u enacted ty ths General .asssssIiy. Thai
Andrew Kennedy, Joseph r. DxugbsTty, No.
bert j. Brown. Gorge W. Hsmmoi.d, " ilIisu
Yates. John 5. Caliahsr, William crow, John
U. ". Fulton. Charles G. Stewart end Jane,
l.. hanson, and their associates, and alt others
Who msy hereafter subscribe for or become
owners ofthe stock hereby author ised, be and
ihey are hereby constituted body polite and
corporate. under The name shl style Of 'sIh.
Shaanondais Spri~Es Company" Tor the pur-
! pose Of extending tue buildings and improve
nenls nj said Springs, for the accommodation
OF invaiids a9d others who may resort 10 the
same, aud extending the benefits To be derived
from the use Of the water by the public; and
oy that name and sty 10 they and their succss.
sors msy have continual succession, may sue
aud be sued, contract and be contracted with,
have and use . common seal, and change the
same at pleasure; may purchase and hold rea
estate hot exceeding lUo0 acres. and may
sell and convey, lease out or ren; any portion
thereof. and may purchase aud hold real pro-
perry Tor the purpose Of conducting TIE busI-
ness al the sad company, and shall have pow
or 10 make such bylaws rules aud rrxula
tions, not contrary To the Law, Of the United
States OF Of this Common sslth, as NAV from
time To time be directed in general a.estiox
Provided, that the taid Company shall not be
authorized by any thing in this ACT contained
To hold real estate "a any other county than In
the county OF Jefferson, aud that WhsnsoeVer
The capital stock of the said Company shall
De concentrated by purchase or other~ ise INTO
The hands of less than I've members Of the
said Company, all the corporate privileges
hereby granted shalt cease end determine.
=. Ne further sRaeied, That the eaoital
stock OF the said Compa"y shall not DO less
lhan thirty-nins thousand dollars, nor mere
than one hundred thousand dollars, TO be di
VIded into shares Of one hundred dollars each:
whereof the said Andrew Kennedy, joseph
7. Daughsrty, Robert +. Brown, George w
Hammond, william Yates. John s. Gallaher,
William Grow, John D. a Fulton and Char les
u. Stewart, shall be taken and held 10 be
subserIbers 10 the amount Of forty shares each.
and the said James l.. Ransom shall be taken
and held 10 be q subscriber To the amount OF
thirty shares, upon the 6rsI organization OF
said Company.
} BE IL JsTIksr enaeisd, That for the purpo-
ses Of managing the M.irs OF the said Comps.
ny, there shall be chosen Of the frat meeting
OF the said subscribers, aud on the first Mon.
day iH August annually thereafter, five Direc-
tors, who shall lie stockholders Of the said
Company, shd shall remain ~ Office until the
hrst Monday 10 August next ensuing the date
Ut their election. or until their sueeeasors ar.
appointed. The said Directors, q majority Of
whom shall form . quorum for the transsr-
ton Of business, may choose . President, and
ia bis absence = President pro iemrors: the,
shsll have power 20 supply vacancies in their
own body TO call special meetings Of The
stockholders; 10 appoint such offiesTs, agents
and clerks IS shall be authorised IN general
meeting, TO take boRds for the fidelity and at
ieniion of such effects agents and ks; aad
To do all other acts end thingS tourhing the
Affairs OF the Company not Otherwise proV,d-
ed for.
Z. B<ii farther saseied That the iirst meet.
ing OF the stockholders or subscribers aIofe-
said, shall be held Of the ShsnnoudsIe Springs.
IN the county Of Jefferson. thirty days pre-.
Vlous notice Of the time Of holding said meet
ing having been giyea by publication thereof
IN some peWspoper published IN or near the
said county Of Jefferson, or IL there be no such
Newspaper in or near the said county al The
time, then tho notice aforesaid 10 bc published
IN some one Of the newspapers printed 10 the
city OF Richmond.
S. BE u II, the, sReeisS. That the President
and Directors Of the said Company shalt have
PoWes, under the directions Of the stOekhold-
ers in general meeting, 10 sell from lime to
time, additional! stock Ia said Company, not
exceeding the entire capital stock thereof
hereby bIihorisod, having first fixed the time
and place Of Offering such additional stock or
shares IN sald Company for sale, and given
al least thirty days notice thereof IN one OF
mage Of the public newspapers mentioned 10
the preceding section. The purchasers Of
such additional stock shalt be entitled 20 ali
the rights and privileges 10 said Company. -
u they had been original stoc K holdera therein
a h 49,
Der shall fat 20 pay the amount subscribed by
him or her st the time prescribed By the Presi-
dent and Directors for The payment thereof.
u shall be lawful for the Company TO recover
the amOunt which may be so due by action Of
Debt In any court Of record IN this Common
wealth. and such teliBquents shalt receive no
dividend Until the whole amount OF such sub.
soriplion shall have been paid. Moreover, ia
she'll be lawful for said President and Direct
ors, IN case Of such default, Co make sale Of
the share or shares of such delinquent, or Of
80 many thereof as shall be required TO salts.
y The amount due 81 the time Of such sale
Provided, That no such safe shall take place
until such default shall have continued for
three months prior thereto. Add Provided
further, That nothing herein contained shall
b 30 construed - 70 Affect OF Impair In any
manner whateFer the rights o. immunilisa Of
ment or contract entered into By them pre-
sious 90 the passage 81 tbs act.
Z. Rt U farther faacffd, That at 81 elections
q Directors o. said Company. each pFoprio-
tor % owner Of iVe share, shall bo entitled
60 one vote Of ieb shares, 80 two votes 81
fifteen shares, "a three votes % twenty
shares. % four voiesi Of thirty shares. 20 Eve
v0iss u f1fiy shares. 60 siH votes % SIXTY
shares. 90 seven VOTES Of eighty shares, o.
ighi vofra % 1ur hundred shares % ten
votes of one hundred aud forty shares %
eleven votes; ~ one hupfrrd and eiEbiy
shares. 10 tgrire votes. ~ two hundred shares
end upaards o. 6necn votes md q maigfity
of 90 che shares. shall be- neoessafy 90 q
choice. o. she transaction 81 aay other busi-
ness uheh ulsy come before ihe tinckhnldfu
Dtvi5ends q he neu profits - he snid roH.
rsny shall be made ~ such tines o. shall be-
dsiern insd snd fssd upon hv the sint khol8.
srt IN general meeting and should snY pof-
tion % ihe capital n sal Company b. IN.
cludsd IN any dirhisns. lie directors hy
shom such dividend s declared. sbafi BE- hs-
be. respectively. 90 ali pefsoas holding tiaia.
~ dcman3s sFainst ihs ssid Company "a ihe
ilahe 81 declaring surh divitsrf. And we're
over. eash siock holjsf uho participates IN Ne
dividend 81 such esphal stock thaiibs liable