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 | 1881/1882 |
---|---|
Law Number | 178 |
Subjects |
Law Body
Chap. 178.—An ACT to incorporate the Blue Ridge Mining Company.
Approved February 21, 1882.
1. Be it enacted by the general assembly of Virginia, That
George V. Case, T. i. Bowyer, 8S. M. Bolling, A. G. Bradley,
and J. L. Campbell, of Virginia, and P. L. Fox and D. J.
Wood, of Pennsylvania, or such of them as may accept the
rovisions of this act, and such other persons as may be
ereafter associated with them, and their successors, shall be
and they are hereby constituted a body politic and corporate,
under the name and style of The Blue Ridge Mining Com-
pany; the object of the said corporation being to purchase,
work, and develop mineral lands in the state of Virginia, and
to reduce and sell ores, and to transact all business, and to
do all acts properly pertaining to the objects aforesaid; and
the said corporation is hereby invested with all the powers,
rights, and privileges pertaining to such companies under the
laws of the state of Virginia, and is made subject to the
restrictions imposed by such laws, except in so far as the
same are inconsistent with the provisions of this act.
2. The capital stock of the said company shall be not less
than twenty-five thousand nor more than one million five
hundred thousand dollars, to be divided into shares of ten
dollars each, and the said shares shall be non-assessable, and
the said company shall have the right to set aside as a fund for
working capital, a number of the shares of the capital stock,
not exceeding in all thirty thousand shares, which said shares
may be placed upon the market and sold for such prices, and
under such regulations, as the board of directors may adopt.
3. The said company may purchase, hold, sell, encumber,
and convey any and all lands or other property necessary
or proper for the purposes and objects of the corporation ;
and such land or other property may also be received by said
company in payment of subscriptions to the capital stock, or
such land or other property may be purchased with stock of
the said company, at such valuation as may be agreed upon
between said company and those desiring to make such pay-
ment, or sell such land or other property. Stock so issued
shall be deemed full paid.
4, The persons first named in this act shall constitute the
board of dineutore for the first year, or until the first meeting
of stockholders at which directors shall be elected. At
such first meeting, and at every annual meeting, so many
directors shall be elected as may be prescribed by the by-laws
and regulations of said company, who may be removed by
the stockholders in general meeting; but unless so removed,.
shall continue in office until their successors shall be elected
and qualified.
5. The board of directors shall be elected from among the
stockholders of said company. They shall choose a presi-
dent and vice-president from their number, and may fill
any vacancy that may occur in said board, unless by re-
moval, in which case the same shall be filled by the stock-
holders in general meeting. The board shall appoint, to hold
during its pleasure, the subordinate officers and agents of the
said company, prescribe their compensations, and take from
them such bonds, with such security as they may deem fit.
6. The board of directors may establish offices and agen-
cies at such places as they may deem proper; but the princi-
pal office of the company shall be located at some point
within the limits of the state of Virginia.
7. At a meeting of stockholders, each stockholder shall be
entitled to as many votes as he holds shares of stock, subject
to such restrictions as may be prescribed by the by-laws.
8. No stockholder in said company shall ever be held liable
and made responsible for its debts and liabilities in a larger
or further sum than the amount of any unpaid balance due
to the said company for stock subscribed for by said stock-
holder.
9. This act shall be in force from its passage.
Chap. 178.—An ACT to incorporate the Blue Ridge Mining Company.
Approved February 21, 1882.
1. Be it enacted by the general assembly of Virginia, That
George V. Case, T. i. Bowyer, 8S. M. Bolling, A. G. Bradley,
and J. L. Campbell, of Virginia, and P. L. Fox and D. J.
Wood, of Pennsylvania, or such of them as may accept the
rovisions of this act, and such other persons as may be
ereafter associated with them, and their successors, shall be
and they are hereby constituted a body politic and corporate,
under the name and style of The Blue Ridge Mining Com-
pany; the object of the said corporation being to purchase,
work, and develop mineral lands in the state of Virginia, and
to reduce and sell ores, and to transact all business, and to
do all acts properly pertaining to the objects aforesaid; and
the said corporation is hereby invested with all the powers,
rights, and privileges pertaining to such companies under the
laws of the state of Virginia, and is made subject to the
restrictions imposed by such laws, except in so far as the
same are inconsistent with the provisions of this act.
2. The capital stock of the said company shall be not less
than twenty-five thousand nor more than one million five
hundred thousand dollars, to be divided into shares of ten
dollars each, and the said shares shall be non-assessable, and
the said company shall have the right to set aside as a fund for
working capital, a number of the shares of the capital stock,
not exceeding in all thirty thousand shares, which said shares
may be placed upon the market and sold for such prices, and
under such regulations, as the board of directors may adopt.
3. The said company may purchase, hold, sell, encumber,
and convey any and all lands or other property necessary
or proper for the purposes and objects of the corporation ;
and such land or other property may also be received by said
company in payment of subscriptions to the capital stock, or
such land or other property may be purchased with stock of
the said company, at such valuation as may be agreed upon
between said company and those desiring to make such pay-
ment, or sell such land or other property. Stock so issued
shall be deemed full paid.
4, The persons first named in this act shall constitute the
board of dineutore for the first year, or until the first meeting
of stockholders at which directors shall be elected. At
such first meeting, and at every annual meeting, so many
directors shall be elected as may be prescribed by the by-laws
and regulations of said company, who may be removed by
the stockholders in general meeting; but unless so removed,.
shall continue in office until their successors shall be elected
and qualified.
5. The board of directors shall be elected from among the
stockholders of said company. They shall choose a presi-
dent and vice-president from their number, and may fill
any vacancy that may occur in said board, unless by re-
moval, in which case the same shall be filled by the stock-
holders in general meeting. The board shall appoint, to hold
during its pleasure, the subordinate officers and agents of the
said company, prescribe their compensations, and take from
them such bonds, with such security as they may deem fit.
6. The board of directors may establish offices and agen-
cies at such places as they may deem proper; but the princi-
pal office of the company shall be located at some point
within the limits of the state of Virginia.
7. At a meeting of stockholders, each stockholder shall be
entitled to as many votes as he holds shares of stock, subject
to such restrictions as may be prescribed by the by-laws.
8. No stockholder in said company shall ever be held liable
and made responsible for its debts and liabilities in a larger
or further sum than the amount of any unpaid balance due
to the said company for stock subscribed for by said stock-
holder.
9. This act shall be in force from its passage.