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 | 179 |
Subjects |
Law Body
Chap. 179.—An ACT to incorporate the Virginia and West Virginia
Railroad Company.
Approved February 21, 1882.
1. Be if enacted by the general assembly of Virginia, That
John B. Davis, E. D. Christian, Henry G. Davis, Joseph
Sprigg, W. C. Clayton, Augustus Schell, 8S. B. Elkins, and
Henry Heaton, and such persons and corporations as they
may associate with them, shall and they are hereby consti-
tuted a body corporate and politic, by the name of the Vir-
ginia and West Virginia Railroad Company, and by that
name shall have all the power, rights, and privileges neces-
sary and proper to locate, construct, and maintain a railroad,
to be known as the Virginia and West Virginia Railroad
Company, from any point on the line of the state of West
Virginia, either in the counties of Frederick or Shenandoah,
and thence, as they may deem most practicable, to the town
of Alexandria or to any point on the Potomac river above
the said town of Alexandria; but if said road does not con-
nect with the Manassas Gap railroad, then Winchester shall
be a point on the road; and the said company shall be sub-
ject to all the provisions of chapters fifty-six, fifty-seven, and
sixty-one of the Code of Virginia of eighteen hundred and
seventy-three and the acts of the general assembly amenda-
tory th-reto, so far as the same may be applicable to and are
not inconsistent with the provisions of this act.
2. The capital stock ot said company shall not be less than
two hundred and fifty thousand dollars nor more than ten
mnillion dollars, to be divided into shares of one hundred dol-
lars each; and whenever two thousand five hundred shares
c
3
shall have been subscribed, under the direction of any five
of the corporators hereinbefore named, the subscribers may
organize the company by electing a president and board of
directors, and electing or appointing such other officers as
may be necessary for the management of the affairs of the
company, and thereupon they shall have and exercise all the
general powers and functions of a corporation: provided,
that unless the said corporation shall, within two years from
the date of the passage of this act, expend the amount of its
minimum capital in actual construction of a railroad within
the limits of the state of Virginia, this charter shall be for-
feited. Each share of stock shall be entitled to one vote in
meetings of stockholders.
3. The capital stock of said company may be increased
from time to time by the board of directors, by and with the
consent of a majority of the stockholders, to such an amount
as they may deem for the interest of the company, not
exceeding the maximum capital stock prescribed by this act;
and the board of directors, by and with the consent of a
majority of the stockholders, shall have the power to issue
bonds, bearing interest not exceeding six per centum per
annum, payable—principal and interest—at such times and
places and in such manner as may be most advantageous to
said company, and may secure the same by one or more
mortgages on the road, franchises, income, and the real and
persona estate of the company, or such part thereof as may
e designated in the said mortgage or mortgages.
4. The said company shall have power to cross at grade,
unite, consolidate, or connect with any line of railway con-
structed or which may be constructed in this state, or may
acquire by lease or purchase any line of railway constructed
or which may be constructed in the states of West Virginia
or Maryland, and for this purpose power is hereby granted
to it, and to any railroad company incorporated by this state,
to make such contracts as may be necessary or proper to
carry out the provisions of this section; and that the said
company shall always have its chief office in the state of Vir-
inia.
5. It shall be lawful for said company to construct, equip,
and maintain lateral or branch roads, of any gauge whatever,
not exceeding twenty miles in length, which shall have all
the rights and powers, and be subject to the same restric-
tions as the main line.
6. It shall be lawful to receive subscriptions to the stock
of this company from any connecting railroad company, or
from any mining or manufacturing company, or from any
county or counties in Virginia that may be interested in its
construction.
7. It shall be lawful to receive subscriptions for the con-
struction of said road in money, labor, land, or, material—
such as timber, stone, lumber, or other supplies required in
the construction of railroads.
8. This act shall be in force from its passage.
Chap. 179.—An ACT to incorporate the Virginia and West Virginia
Railroad Company.
Approved February 21, 1882.
1. Be if enacted by the general assembly of Virginia, That
John B. Davis, E. D. Christian, Henry G. Davis, Joseph
Sprigg, W. C. Clayton, Augustus Schell, 8S. B. Elkins, and
Henry Heaton, and such persons and corporations as they
may associate with them, shall and they are hereby consti-
tuted a body corporate and politic, by the name of the Vir-
ginia and West Virginia Railroad Company, and by that
name shall have all the power, rights, and privileges neces-
sary and proper to locate, construct, and maintain a railroad,
to be known as the Virginia and West Virginia Railroad
Company, from any point on the line of the state of West
Virginia, either in the counties of Frederick or Shenandoah,
and thence, as they may deem most practicable, to the town
of Alexandria or to any point on the Potomac river above
the said town of Alexandria; but if said road does not con-
nect with the Manassas Gap railroad, then Winchester shall
be a point on the road; and the said company shall be sub-
ject to all the provisions of chapters fifty-six, fifty-seven, and
sixty-one of the Code of Virginia of eighteen hundred and
seventy-three and the acts of the general assembly amenda-
tory th-reto, so far as the same may be applicable to and are
not inconsistent with the provisions of this act.
2. The capital stock ot said company shall not be less than
two hundred and fifty thousand dollars nor more than ten
mnillion dollars, to be divided into shares of one hundred dol-
lars each; and whenever two thousand five hundred shares
c
3
shall have been subscribed, under the direction of any five
of the corporators hereinbefore named, the subscribers may
organize the company by electing a president and board of
directors, and electing or appointing such other officers as
may be necessary for the management of the affairs of the
company, and thereupon they shall have and exercise all the
general powers and functions of a corporation: provided,
that unless the said corporation shall, within two years from
the date of the passage of this act, expend the amount of its
minimum capital in actual construction of a railroad within
the limits of the state of Virginia, this charter shall be for-
feited. Each share of stock shall be entitled to one vote in
meetings of stockholders.
3. The capital stock of said company may be increased
from time to time by the board of directors, by and with the
consent of a majority of the stockholders, to such an amount
as they may deem for the interest of the company, not
exceeding the maximum capital stock prescribed by this act;
and the board of directors, by and with the consent of a
majority of the stockholders, shall have the power to issue
bonds, bearing interest not exceeding six per centum per
annum, payable—principal and interest—at such times and
places and in such manner as may be most advantageous to
said company, and may secure the same by one or more
mortgages on the road, franchises, income, and the real and
persona estate of the company, or such part thereof as may
e designated in the said mortgage or mortgages.
4. The said company shall have power to cross at grade,
unite, consolidate, or connect with any line of railway con-
structed or which may be constructed in this state, or may
acquire by lease or purchase any line of railway constructed
or which may be constructed in the states of West Virginia
or Maryland, and for this purpose power is hereby granted
to it, and to any railroad company incorporated by this state,
to make such contracts as may be necessary or proper to
carry out the provisions of this section; and that the said
company shall always have its chief office in the state of Vir-
inia.
5. It shall be lawful for said company to construct, equip,
and maintain lateral or branch roads, of any gauge whatever,
not exceeding twenty miles in length, which shall have all
the rights and powers, and be subject to the same restric-
tions as the main line.
6. It shall be lawful to receive subscriptions to the stock
of this company from any connecting railroad company, or
from any mining or manufacturing company, or from any
county or counties in Virginia that may be interested in its
construction.
7. It shall be lawful to receive subscriptions for the con-
struction of said road in money, labor, land, or, material—
such as timber, stone, lumber, or other supplies required in
the construction of railroads.
8. This act shall be in force from its passage.