CHAP. 135.--An ACT to incorporate the Atlantic District Mutual Live-Stock Insurance Association.

1. Be it enacted by the general assembly of Virginia, That Doctor T. T. Taylor, W. H. Miles, Samuel J. Revell, and Levin H. Revell, and all those who may be hereafter associated with them in the manner hereinafter provided, and their successors, be, and they are hereby, declared to be a body constituted and corporated by the name and style of the Atlantic District Mutual Live-Stock Insurance Association, of Accomac county, Virginia, and by that name may sue and be sued, plead and be impleaded, within all the courts of law and equity in this Commonwealth or elsewhere, and have perpetual succession and use a common seal; to alter or renew the same at pleasure; to acquire, hold, and convey property, both real and personal-the amount of real estate acquired and held not to exceed fifty acres; to ordain and publish such by-laws, ordinances, and regulations as they think proper and wise, and to do every act and thing necessary to carry into effect the objects and designs of this corporation: provided, that such by-laws, ordinances, regulations, or acts be not inconsistent with the laws of this State or of the United States.

2. The object of this company is to assist by pecuniary contributions any member that may lose any live stock upon which is held a certificate of insurance of this company.

3. That E. Jeff Marshall, Peter E. Shields, J. Will Thornton, L. Y. Thornton, and W. A. Hurley shall be the directors of said company until otherwise appointed by the members; that Doctor T. T. Taylor shall be president, W.. H. Miles vice-president, Samuel J. Revell secretary, and Levin H. Revell treasurer, and J. J. Timmell, N. B. Conquest, and L. J. Thornton the board of appraisers. All of said officers shall continue in office until their successors are duly elected and qualified. In case of a vacancy in office of any officer from any cause, the remaining directors may elect others to fill their places until a meeting of the members shall be held. Five of said directors shall constitute a quorum for any and all business of said company.

4. There shall be an annual meeting of the company for the election of officers and directors at such time and place as the members in a general meeting may appoint. The president, vice-president, secretary, and treasurer shall be president, vice-president, secretary, and treasurer of the board of directors, and at the annual meeting of said company for the election of officers a majority of the members thereof, in person or represented by proxy, shall constitute a quorum for such meeting.

5. All persons subscribing to this charter of incorporation and pledging themselves to be governed by all by-laws, regulations, or requirements adopted by said company in pursuance thereof, their executors, administrators, and assigns, and vendees continuing to be insured therewith, shall thereby become members of said company during the time they shall remain insured therein, or until they shall withdraw from the company in accordance with its prescribed regulations.

6. The members of the company shall not be liable for any loss, damage, or responsibility other than that each member shall be bound to contribute to the necessary expenses of the company in proportion to the amount for which his property is insured, and shall be bound to pay in the same proportion to the proper officer of the company the losses sustained by any fellow-member of the company, from natural or accidental death, of any insured animal; and if any member shall fail to pay the same when requested, in accordance with the by-laws, regulations, and requirements of the company, the amount may be recovered, by motion, after twenty days' notice in writing in any court of record. The right to repeal, alter, or amend this act at any time is hereby expressly reserved by the general assembly.

7. This act shall be in force from its passage.