Richmond dispatch. [volume] (Richmond, Va.) 1884-1903, 1891-01-25
WILL HAVE ITS HOME.
A NEW BUILDING FOR THE VIRGINIA
MECHANICS INSTITUTE IN SIGHT.
A More Liberal Charter TO BE Applied
FORA Committee at Work
Raising the Fund.

On the 9th Of this month. 1T viii DO re-
membered. a private meeting of some OF
our leading citizens was held at the resi-
dence of Major Lewis Ginter to consider
the best means of advancing the interests
Of tho Mechanics Institute. After full
discussion of the matter q committee con-
sisting Of Major Ginter, Mr.. Lewis H.
Blair MIR. N. W. Bowe, and Colonel Henry
G. Jones were appointed to examine
thoroughly the present charter OF the In
stitute and obtain legal advice as 10 whetner
IL was broad enough 10 cover the OBJECTS
and 10 Thoroughly secure the application
to It's purposes for all time OF any moneys;
properties, ETC., that might be donated
TO it.
NEW CHARTER DECIDED UPON.
The committee decided that the charter
was liberal enough TO carry on the lnsti-
tute under present conditions, but they
did not think it was full and complete
enough for future purposes and contem-
plated development of the scope OIL ths
Institutes work They therefore prepared
another charter, which was submitted 10
the Board of Managers OF the lhs'l'u'o
and by them approved.
ANOTHER MEETING.
Friday night another conference OF me
friends of the Institute was held az tne
rae;dence of DIR. Hunter Mcclure. at which
we're present Messrs. Lewis Ginter, John
Pope. Robert S. Bosher, T.. q. Williams
Jr.' Charles Il. Whitlock, Robert n. Mnl1-
lock. Isaac Davenport, Jr., james N. Boyu'
James III. Dooley, Z. Y. Cannon, N. w.
Bowe' F. D. Christian, E. T. d. Myers, Dr.
r. u. Willis. James b. Pace, John T.
Branch, Lewis III. Blair, Il. Is: Aaalson,
! General Joseph X. Anderson, Dr. hunter
Mcclure, and others. u,
The new charter was read 10 these eeu-
tlemen, who also approved 1t.
Provisions of the Charter.
Tho annlcation for the charter, which
will be presented to Judge wexford MOL
day morning, reads as follows:
We. the undersigned, desiring to form cor
poration or Joint stock company for the scion
tifc educational and benevolent purposes, anu
with tho privileges hereinafter set form, 90
! make sign and acknowledge according 70 law
the following certificate in writing-Viz:
First The name OF the corporation soall DO
1.-THE Virginia Mechanics Institute"
second The purposes for which IL IA FORMED
are the education and training OF students IN me
scientific and mechanical arts the encOd i,S,s
ment and promotion Of inventions and lndus.
| trial exhibitions 10 tho city OF Richmond ana
state OF Virginia and such other kindred SCI
| entinc, educational, and benevolent PURPOSES
! as NAV be determined on from time 10 time IN
developing and carrying out the foregoing
| specified designs, either by che STOCKHOLDERS OF
the Board Of Directors.
STOCK AND PROPERTY.
Third. The capital stock OF said corporsuon
shall not be less than $50 900 nor moro than tSOO.
! QUO, and the same shall be divided INTO sheres oI
] the par value Of $50 each. subscriptions to the
| canital stock may be made either In money or 10
/ property, and when made IN property II shaIi pe
/ taken at such valuation as may DO agreed on DC
/ tween the Board OF Directors and the supscrlDer
/ or subscrtbers. The corporators who may slgn
/ this charter, or a majority OF them, may receive
subscriptions 10 the capital stock win or WltnouI
| giving notice OF the time aud place OF taKhE
| said subscriptions The corporation shsll nave
power 10 receive, hold, ana own any money OF
| property of any kind which may be given IL oy
| deed will, or In any other way, ana 10 use OI
| dispose OF the same for the purposes ior winch
| IL was organized; but the subscriptions 10 itf
! STOCK, any dividends that may accrue thereon'
| and tue whole property and revenues OF the cor
| poration shall be devoted 10 the purposes Ioi
! which IL is organized as long as these purposes
| are being faithfully carried out, and When thlt
| shall cease 70 DO done, then, and in tnst event
! the assets OF the corporation shall be eold eho
! deyo ed-nrst, to the payment OF It's debts anu
secondly, they shali DO distributed retaDl,
among the stockholders, their SUCCESSORS repre-
sentatiyes, heirs, or assigns,
REAL ESTATE TO BE HELD.
| Fourth. The amount OF real estate proposed
! 20 be held by this corporation shall not exceed
| three acres of land In the city OF hcninono ana
! any buildings and improvements that may DC
| made thereon but the corporation may hold and
! own any other property Of any kind elsewhere
! which It may purchase or which may De gwen
| It. either by way OF endowment or 10 equip or
assist II In any way In carrying out the purposes
| for which IL was organized. IL shall have power
10 erect buildings or other improvements,
either on the real estate held In or else
| where, aud TO purchase, operate, ana holo ana
| own such apparatus, machinery, laDoratorles,
! and other fixtures as may be deemed necessary
| and proper 70 carry on tts work OF scienunc,
| educational, and mechanical Development II
| shall also have power to borrow money 10 ala y
| In preparing for and carrying on us WORK, ahu
TO do 80 may issue its bonds or notes and secure
| them by deed OF trust or mortgage on any or al
| OF its property or franchises. IL may also Sc
cure any loan that may be made to II by any
| other lawful method that may DO agreed on Do
! tween the lender and the Board OF Directors. II
| shall also have the power 70 sell and convey
| any property held by IL, either for tho purpose
| Of reinvestment and using the Income or OIL
| using the proceeds IN carrying on It's WORK
| Fifth. The place In which the principal once
| Is to DO kept Is the city Of Richmond, Va
THE CHEF OBJECT.
! Sixth. The chief business or employment &C
| be transacted OF conducted by this corporation
| is the education and training OF students In the
scientific, mechanical, and other useful arts
/
| dustr1al classes by the means and In the manner
set out In the second paragraph OF this charter.
OFFICERS AND sIGSERs.
Seventh. The names OF the officers who are Il
manage the affairs OF the corporation for the
! FIRST year are as follows-yiz. Henry c. Jones
president; j. J. Montague, vice-president: VIII
! liam T. Simons, treasurer: Thomas Elicit. SO
cretary. Board Of Directors: 4. X. Archer, 10
seph Is. Welsh, William G. Ammons, W. j.
Whitehurst Richard T. Frayser, Joseph W.
| Laube, John OBrien, G. T. Wingo, John I. Chap
peIl, [. +. Christian, Robert b. Munford, over
| ton Howard, william simpkin, David A. Ainslie
| Robert Whittet. /. .. Tower, Henry Z. Holms,
| j, Bosher, George w. Anderson. Marx Gunst
| and James II. Derbyshire.
Given under our hands this gath day Of jana
ury, 1891.
| lsignedl HENRY @. JONES,
J. II. DRRBYsH1RB,
THOMAS RLLBIT,
u. A. AIHsLIR,
CHARLES Z. WIEGo.