Wheeling times and advertiser. [volume] (Wheeling, Va. [W. Va.]) 1839-1849, 1846-03-19

Tbe iollo~i ing law was passed by the Nir-
gina Legislature at its late session. L, pos.
sess-s capacities for an efficient organization
Of manufacturing capital in any useful form.
and we hope it will b. put ia force St an early
day:
BE ~ enacted by 'h> General Asse mbiy.
That Wn,. Paxton. w 4. Silly, Ephraim
Pollock. Samuel N,,l aud J. N. BDttsionl, and
such other persons o. may a. hereafter 0sso-
clatcd with them. shalt b., and they are hereby
incorporated 9nt made a boly polite and
corporate. under the name ant STYLE of the
Wheeling Manufacturing Company. Tor ihs
purpose of manufacturing cotton. woollcn,
iroi, glass, leather. &c. IN the county oi
ONO; and they are herrby invested with ell
the rights. pnvil'ges AM sewers. conferred un
such bcsics p)iilic aul corporate. by an act
entitled, A Act prescribing general regula
tions Tor the Incorporation oi ma%nuiacturing
aud mining Companies, passed February the
thirteen, eighteen hundred aud thirty seven,
aud they are hereby made subject To- the re
slnctioirs AMI regulations prescribed by said
act.
And BE- a further enacted. That the capital
stock OF said company shall not bc less than
one hundred thousand dollar, MOI more than
one million OF dollars. and shall b. divided
into shares not exceeding one hundred dollars
each, and that the siid company shall have
the power TO purchase and hold oil such land,
80 may b. neo-Say Tor the purposes OF tho
SAM. not exceeding one houSnd acres.
dnd Dc IL ffriAfr eaaciei. That for the pur.
pose Of receiving subscriptions To the stock OF
sail company, books of subscription shall b,
opened under lhe surerin,endGnce of VIM.
Paxton and the other persons above named.
IN cnntnFn4tx .ttfh flta s.ras aafrfta ~ The .h.x.
reCited act.
Aad Dc IL farther enacted, That ilc said
commissioners shalt b. and are hereby su-
thonscd to recsivc in "a ymcnt OF subscriptions
to The stock OF slid company, such lands. bull
dings, fixtures. a. they or a minority of them
may deem necessary or useful. tor the purpose
oi conducting an1 carving GA the msnuisciu.
ring operations If said compauy. aud such
lands, &c. shall b. converted into and become
part OF the stock of said company. in the man
ncr aud on the terms prescribed in the ith
section oi the above reCitcd act. and thc Iii
rcCtors Of the sid company are hereby au-
ii'ouscd To increase the capital stock oil said
company from time 10 time a. they may deem
until the maximum amount of said
stock authorised by this act. shall have b.cn
Tor, sud to receive in psymeut for
such new % additional stock, all such
other real estate, buildings, fixtures aud.
machinery a. they may deem necessary Tor
10. purposes OF the ~aid essocistiou. at a
valuation to b. fixed and placed upon the
'ainc by the ssid directors.
And be II further enacted. That should the
,6oNe named company carry on more than one
icschption oi manulaCiun; "a above set forth,
'ny person or persons. desiring 80 To do may
subscribe Tor stock in that portion OF the con
reTn devoted To one d%cscnPiionol manufacture
alone. with the consent of the board al Dircc-
tors oi the company, he or they entering the
aud description OF manufacture in which
he desires la invest al the time Of subscribing.
upon the books OF the company; aud his or
heir stock shall BE- entitled To such dividend
a. may b. derived from the description
81 manufacture IN which said stock " invested,
md subject only to the Liabilities incurred for
That spectesot manufacture, or iof tan,ls. labor,
material or money expended Tor it, uses
Prorided, tina, h. or they shall make publica-
lion oi the fact of such subscription, I'm con.
$3.50 - ihe nroslsiossso OF ia, e~, .~s-l.-
1877.
THIS act shall be in ,orce from AMI after the
passing thrtcoi. r~-