An Act to amend and reenact § 46.1-299, as amended, of the Code of Virginia, relating to devices signalling intention to turn or stop and rules therefor.
Volume 1968 Law 99
Volume | 1876/1877 |
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Law Number | 177 |
Subjects |
Law Body
Chap. 177.—An ACT to incorporate Churehland grange, No. 10, in
Norfolk county.
Approved March 20, 1877.
Whereas an organization is established at Churchland, in
Norfolk county, Virginia, known as Churchland grange, num-
ber ten, which has tor its object the fostering and develop-
ment of the interests of agriculture, as well a3 the mutual
aid and protection of its members in times of sickness or dis-
tress, the burying of deceased members, the care of the widow
and the orphan, and other benevolent purposes, and for the
purpose of securing the advantages of co-operation in mat-
ters affecting their interests and mutual improvement:
1. Be it therefore enacted by the general assembly of Vir-
ginia, That S. B. Carney, John W. Bidgood, J. O. B. Croker,
W. B. Carney, Joreph T. Duke, L. R. Ballard, Henry Kirn,
Reuben Jones, and George W. Barnes, and all other persons
who are now, and who may hereafter be associated with
them, and their successors, shall be, and they are hereby con-
stituted a body politic and corporate, by the name and style
of Churchland Grange, Number Ten, and by tbat name
shall bave perpetual succession and a common seal, and may
sue and be sued, plead and be impleaded, in all courts and
places, and in all manner of actions and complaints whatever;
and may make by-laws and regulations, not inconsistent with
this act and the laws of this state, for the government of its.
officers and proper conduct of its affairs, and shall possess
and enjoy all other privileges and franchises incident to a
corporation.
2. The capital stock of said corporation shall not be less
than two thousand dollars nor more than fifty thousand dol-
lars; and shall be divided into shares of not less than ten dol-
lara each.
3. The personal liability of any and every shareholder shall
be limited to the amount due and unpaid upon the shares of
stock owned and held by every such shareholder, and no as-
signment or transfer of any share shall be valid until all calls
made or due thereon shall have been paid, or secured to be
paid, to the satisfaction of the directors.
4. The amount of property, real, personal, or mixed, which
may be held by the said corporation at any one time, ehall
not exceed fifty thousand dollars, which property shall be
managed by tbe trustees and directors of said corporation
‘anless otherwise provided by the by-laws of said corpora-
tion), who may, under the direction of said corporation, rent,
sell, convey, invest, or in anywise dispose of said property
for the best interest of said corporation. And the property
acquired by this corporation shall be vested exclusively in
the same, and shall at all times, during the existence of this
corporation, and at its dissolution be subject to the para-
mount authority and control in its ultimate disposition, of a
majority of the holders of the shares of stock therein.
). The persons above named shall be the trustees and direc-
tors of said corporation, until the stockholders shall other-
wise determine by their by-laws, and they shall hold their
offices until their successors shall be appointed and have
qualified.
6. The number of trustees and directors who shall consti-
tute a quorum for the transaction of business shall be deter-
mined by the by-laws of the corporation.
‘+. This act shall be in force from its passage.