The times dispatch. [volume] (Richmond, Va.) 1903-1914, 1903-05-28
CHAR TIERS,
HOW GRANTED.
blouse Bill lO2 Comes from
the Printer.
lis IN VERY GREAT DEMAND
lis IN VERY GREAT DEMAND
! Parties Desiring to Become Corpora.
tlons Anxious to Know How TO Pro-
coed to Obtain Charters-Fea-
lures of Charter Provisions.

House bill 1902. concerning corporations,
has Just come from the hands of the
printer and copies thereof are In great
demand. Parties desiring charters ut the
hands OF the Corporation Commission
have been awaiting the appearance of
the bill In order to know how to proceed
In the matter OF obtaining charters. In
Hsmuch as the. number OF copies printed
Is very limited, and the bills are 80 diff
cult to obtain. 1t is thought n matter of
public interest to print such extracts
therefrom as will enable corporations,
firms. etc. desiring charters to under
stand what course to pursue In the mat
ter.
The first second and third sections Of
the bill, which give pretty good idea OF
this. are as follows:
l. BY executing. filing, and recording a
certificate as hereinafter, In sections two.
and three of this chapter, set forth. any
number OF persons, not less than three.
may, under the provisions and subject 10
the requirements of this act, associate 10
establish corporation for the transaction
Of any lawful business. or to promote or
conduct any legitimate object or purpose.
except railroad company. a telegraph
company, telephone company, q canal
company, a turnpike company, or other
company which shall need TO possess the
right OF eminent domain for the purpose
OF taking and condemning lands within
WHAT IT SHALL SET FORTH.
2. Such certificate OF Incorporation shall
get forth:
(a) The name OF the corporation. which
ton. or the word "incorporated" and
shall be such as to distingnistlt from any
business. or promoting or CARRYING on
similar objects or purposes IN this state.
O., The name Of the e9u nfcs Gi,y h G
State Is to be located.
Co The purposes for which II Is formed.
(d) The maximum and minimum amount
Of the capital stock of the corporation.
and It's division into shares; and. II there
I've more than one class OF stock created
by tho certificate OF incorporation, de-
Rcription Of the different classes there
Of with the terms on which such diner
rnt classes are created.
(e) Tho period if any. limited for the
duration OF tho corporation.
% Tho names and residences OF tho Of
fcers and directors who. unless sooner
changed By the atockholders: arc for the
(g) The amount OF real estate to which
Its holdings ut any time are TO be I'm
REGULATE BUSINESS
(h) The certificate Of incorporation may
also contain any provision which the IN
regulation OF the business, and for the.
conduct OF the affairs Of the corporation;
md any provision creating. defining. Inn
i PORTION. q the directors. or OF the stock
Holders. or Of any class or classes Of
stockhoders; provided, such provision '.' be
=. such certificate shall be signed by
Mt least three persons; shall be acknowi-
edged by them before an officer author-a
lied by the laws of this State TO take nc
acknowledgements OF deeds. and shall be
presented IN term time or In vacation 10
the Judge Of the circuit court q the
chnncery court OF the city wherein the
principal office OF the corporation Is 10
Be located Such Judge shall thereupon
such certificate is signed and acknowl-
nnssa OF he'a act and not in what re-
sPects 4 Is faulty As LIS soon on a. me e end
paid PAL To- 10 the State upon the charter shall
have been duly paid. II. together with the
ed to the State Corporation Commission.
which shall ascertain and declare wheth-
appIsan.s haze; bX ho cG,mSlyng
titled themselves to the charter and
shall issue or refuse the same according
SHALL BE RECORDED.
When so issued the certificate. with ELL
endorsements, together, with the order
thereon Of The state ,GorPo ca, CON- ?,
Secretary OF the Commonwealth. and BY
the last-named officer recorded in the
iherenpon certify the same to the clerk
of the circuit court Of the county. or the
principal Office Of such corporation Is TO
be located or to the clerk Of the chan.
Gerry court of the city OF Richmond, when
said city. who shall likewise record the
game In n book to be. provided and kept
for the purpose in his office. and when
shall be endorsed upon the said certificate
and tn said certificate with all en-
dorsemen1ts thereon, . shall be re turn