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1994 SESSION

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SB 515 Virginia historical documents.

Introduced by: Mark L. Earley | all patrons    ...    notes | add to my profiles

SUMMARY:

Virginia historical documents. Adds the three charters of The Virginia Company of London to the list of documents that must be explained and taught to pupils in public schools. Currently, students are required to study the Declaration of American Independence, the general principles of the Constitution of the United States, the Virginia Statute of Religious Freedom and the Virginia Declaration of Rights. The first charter, issued in 1606 by James I, established companies to found colonies in the New World. The second charter, issued in 1609, established the settlement at Jamestown; and the third charter, established in 1612 and remaining in effect until the Virginia Company was dissolved in 1624, provided that management of the company business would include by majority vote at the quarterly meeting of the stockholders. As a financial venture, the company was unsuccessful. It failed to pay a single cash dividend to its stockholders. However, it managed to establish the first permanent English settlement in the new world. The bill contains a sunset provision which expires on July 1, 1995.


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