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[[stamp]] The National Archives of the United States [[/stamp]]

An act to incorporate the Selma Iron Works. 

Sec. 1. Be it enacted by the senate and House of Representatives of the State of Alabama in General Assembly convened. That H. H. Ware, C. E. Thames, W. W. Smith, C. G. Wayne and F. A. Woodson and such others as may be hereafter associated with Them for the purpose herein named and their successors in office are hereby declared a body politic and corporate by the name of the "Selma Iron Works" and by that name shall be capable in law of suing and being sued in any of the courts of law and equity in this state as a natural person. They shall have power to purchase hold and enjoy real and personal estate of any description whatever and may dispose of the same at pleasure and shall have power to generally do and perform any and every act necessary to be done to carry into effect the object of this charter not inconsistent with the laws and constitution of this state and of the Confederate States. They may have and use a common seal and alter the same at pleasure.

Sec. 2. Be it further enacted that the capital stock of said company shall and may consist of the real and personal estate owned and occupied by C. E. Thames & Co. as a foundry situated in the City of Selma and such other personal and real estate as said company may think for their interest to purchase have and hold not to exceed in value the sum of Five Hundred Thousand dollars.

Sec. 3. Be it further enabled. That said capital stock shall not be less? than One Hundred Thousand dollars and shall be divided into shares of one hundred dollars each and may be increased at any time to Five hundred Thousand dollars and said stock be deemed and held in law as personal estate.

Sec. 4. Be it further enacted. That said stockholders may elect a board of directors to consist of not [[less?]] than three or more than seven in number. Said directors to be elected by the stockholders under rules to be prescribed by corporators thereof. When-