Virginia free press. (Charlestown, Va. [W. Va.]) 1832-1916, 1848-04-08

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t..,. ~ Pkls6i, - \ -; - ~
-. .ss t = s /. 3: 49,: 8. !: :
= R..,,S. NARA - 1>,e
fI1e frs. M .ce,;o1s |@c,-&o..,. Us 8.
named company, ~ tIInIit "a Z. &. +, S'1rin,
2 .hs s {, 3 e R' ca'R<7F Nsdison "a
WlEzElI. o:hrd 3. Usz1- Ma. Foutt
Hiram E.li< William Kn;<Il @c.rf. Hibhari
:: and 8. s,ndsK o.hsl k.ES ss.2c 8. Issssher q
espsciall} iSr &c n1anuisc,s-S n Ssr III, ~
have, VIII Other citi11s, reliiionei he e.;sla
ture Of the S.1le o. Virginia, Ik3f thtf nav IS
| come bodT corporate and rclit'c N l1& 1td j
fact for he said rhect Il he intent ik1t ktv m,
ayaiI themselves 81 tie great WAFER power. an
luIIthe nafuI.I md aftdciSl adl16it q a tg'SS'
procure pr erect q Or ezr p 9rc1 Vs'l. 4 III
ginia-
3. Bet therefore snaciaa b. IL General Assrn5lJo
ptrgtHaa, That Tor the general purposes Of man
ufaetnring, except flour, bur more especially 70,
erecting paper mills and The maaatact9re of Pa
per; Gerard B. Wager, William Knight Abiiah
u. knight, Isaac Fouke, George Hibbard. Hiram
Ellis, George Bowker, Charles Boone, and all
Others. who may become owners,of Stock IN Ike
said Company, associated togetherin the amounts
BY them respectively subscribed for the purposes
aforesaid, under the name and title Of isTRe
iSaenandoah Paper Manufacturing Company, y
are hereby constituted and declared 10 be a body
corporate in Law and in fact, and by the said
name, they, and their successors shall and NAV
have continual succession under the said title.
and shall be capable in law of suing and being
sued pleading and being implicated, answering
and being answered unto, defending and being
defended, In all courts and places, in all manner
oil suits and actions, complains, matters and
causes whatsoever, and may have and use one
common seal, and alter the same at their plea
sure, and by the same name have power to pur-
chase and hold real estate and water power and
for the erection Of mills, factories, warehouses.
and dwelling houses requisite for the operations
OF the Company, and may sell and convey, lease
out or rent any part orportion thereof, and shall
have power to make purchases Of land and water
power and enter into all manner of contracts ne
cessary Tor the commencement and prosecution Of
their manufacturing operations; and to make
such BY laws, rules, AUTHORIZATIONS not contrary
to the laws Of the United States, or of the sepa-
rate States in which they transact business as
they may deem expedientfor the government of
the Company and the proper transaction of its
business.
4. The capital stock of the Company shall be
divided into shares of fifty dollars each. and shall
not exceed one hundred thousand dollars, until
ordered BY the stockholders in general meeting
D.. The Stockholders or majority Of them In
interest, voting agreeably to the scale Of votes
hereinafter established, may from time to time
enlarge the capital stock of the Company, by
selling or ordering their President and Directors
to sell shares therein, at such times and In such
manner, and at such prices, not below par, as
they in general meeting may direct (oEer andsa-
bove the one hundred thousand dollars before
mentioned, which the President and Directors
may at any time issue and sell, not below par)
provided the total amount of stock shall not ex-
coed one hundred and fifty thousand dollars: and
upon such additional sharescf stock being taken,
i r ..r = - !, .
riginal Stockholders; and any premiums obtain
ed on such shall be the common property of all
the Stockholders in proportion to the capital stock
owned by them respectively
g. For the management of the affairs Of the
said Company, there shall be chosen annually,
at the general meetings of the Company herein
after required, not less than FIVE, nor more than
seven Directors, who shall be stockholders who
shall remain in Office tine year or until others b.
chosen the said Directors, a majority of whom
shall form quorum for the transaction of bust
ness, may choose President from their own body
and in his absence president pro tenlp0Te. They
shall have power to fill vacancies in their owr
body, to call special meetings of the Stockhold
ers to appoint such officers, clerks and agents a.
the Stockholders in general meeting shall direc
or authorize, or which they may deem requisite
for the interests and business Of the Company
take bonds with sufficient security for the goot
conduct, attention aud fidelity Of such officer.
and agents, and to do all other acts and thing.
touching the affairs Of the Company not other
wise specially provided for Dividends of Ii,
nett profits Of the Company shall be made at sucl
time as shall be determined by the Stakeholder.
in general meeting: provided that at no tim,
shall the profits accumulate to greater amour
than twenty per cent. on the capital and remain
so accumulated for more than six months unles
it Be determined by the Stockholders that it be in
vested in buildings, machinery or business o
the Company, and no dividends shall be made Q
any part Of the capital stock
T. The stock Of the said Company shall b
deemed personal estate and as such pass to til
representative Of each Stakeholder, and may b
transferred and certificates issued in such man
ner as the Stockholders in general meeting ma,
direct; provided that nothing herein containe,
| shall be so construed as TO prevent the said Com
pany from selling and conveying any part o
such real estate as they may hold, and whicl
may hereby be incorporated into stock and de
clared personal iestate, or to authorize the con
veyance Of sucH real estate when sold and dispos
ed of in any other manner than that prescribe,
oy the laws Of NE Stale IN which such propert.
= situated Tor the conveyance 81 real estate, an
when il is so sold and conveyed from being con
s'ls'ea iedi es'sie. y!
O. a generals meelng Of me saia ION anJ
sns e assn once yea = .ns ph t q oc.S
oer, a. sucn umes ana places = snaii 3 PrescrlD
ca py tne bylaws. Inc presence q malonIl
oL S'ocAnoluels. eE rI u $3.50 y ~ PioAy
snall pe 1scessaIy y. sne puslnes
at s1c1 neelns ~. slid = nulDSl nay -
louln Ionl IMs u une ~ gensldl ll.ee.ins
each osocknooeI s9ait e .fnli1leu = ones so'e ~
eas4 sna.e y n.l Ilo =,
snare % tWen1y lnciusisely, anu one 1lOlc 10y