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 | 251 |
Subjects |
Law Body
Chap. 251.—An ACT to amend and re-enact sections one, four, six, and
seven of an act entitled an act to incorporate the Danville and New
River Narrow-Gauge Railroad Company, approved March twentieth,
eighteen hundred and seventy-three, as amended by an act approved
March twentieth, eighteen hundred and seventy-seven.
Approved March 6, 1882.
1. Be it enacted by the general assembly, That sections
one, four, six, and seven of an act entitled an act to incorpo-
rate the Danville and New River Narrow-Gauge Railroad
Company, approved March twenty, eighteen hundred and
seventy-three, as amended by an act approved March twenty,
eighteen hundred and seventy-seven, be amended and re-en-
acted so as to read as follows:
§1. Be it enacted by the general assembly of Virginia,
That W. T. Sutherlin, W. T. Clark, John M. Johnston, L. M.
Shumaker, Abner Anderson, P. Bouldin, John D. Glass,
Robert H. Trotter, and F. B. Gravely, of the county of Pitt-
sylvania, Virginia; B. F. Gravely, W. D. Stultz, John F.
edigo, L. S. Thomas, George D. Gravely, John Rangely,
John H. Schoolfield, William Martin, D. H. Spencer, and
Samuel J. Mullins, of Henry county, Virginia; Frank R. Penn,
Edwin Zentmeyer, Perry McArthur, H. W. Reynolds, John
Staples, W. T. Noell, M. Turner, J. W. Akers, Charles Ross,
Junior, Stephen H. Turner, Wellington Thomas, M. T. Law-
son, Thomas Dehart, John W. Gates, Jefferson Moore, and
Samuel Dobyns, of Patrick county, Virginia; Edward Mar-
shall, James L. Mitchell, James B. Johnson, Aaron Cox, A.
W. C. Nowlin, Martin Dalton, James Early, John Early, B.
W. Dobyns, and Garland Hale, of Carroll county, Virginia ;
Alexander Chafin, Robert Jackson, Albert Oglesby, J. C.
Roper, Thomas Wood, P. C. Crockett, D. C. Graham, John
Robinson, and Joseph J. Graham, of Wythe county, Vir-
ginia; Lewis H. Bryant, S. M. Fulton, P. G. Hale, John
Dickinson, M. B. Cox, and J. B. Hash, of Grayson county,
Virginia; or such of them as may accept the provisions of
this act, and such persons and corporations as may become
associated with them, in the manner hereinafter provided,
shall be and are hereby constituted a body politic and cor-
porate, by the name of the Danville and New River railroad
company; and in that name shall have all the powers, rights,
privileges, and franchises necessary and proper to locate,
construct, and maintain a railroad, to be known as the Dan.
ville and New River narrow-gauge railroad, to begin at Dan-
ville, or at some point on the Virginia Midland railway, in
Pittsylvania county aforesaid, within the corporate limits of
the town of North Danville, Virginia; and thence from and
through said town of Danville, and the counties of Pittsy]-
vania, Henry, Patrick, Carroll, Grayson, Floyd, Montgomery,
Pulaski, Smith, Wythe, and Washington, or any or either of
said counties, to some point on the Norfolk and Western rail-
road, in Montgomery county, Virginia, or between Mont-
gomery county and Bristol in said state, or to connect with
any railroad of this or a bordering state, together with such
branch, lateral, and connecting lines of railways as said com-
pany may deem necessary and advantageous to the comple-
tion and successful operations of its said railroad, in addition
to the branch and lateral roads provided for in section five of
this charter.
$4. It shall be lawful for said company to accept ani
acquire, in subscriptions to its capital stock, or by donations
or otherwise, lands, mines, property, materials, or labor; it
may, moreover, receive subscriptions from other companies,
associations, and corporations of this or any bordering state :
provided the charters of such companies permit them to sub-
scribe; and make such arrangements with the respective
boards of directors of such companics, associations, and cor-
porations, for the endorsement of bonds and sale and ex-
change of stocks to facilitate the speedy completion and suc-
cessful operation of its road, as may be mutually agreed upon;
and said company may lease, sell, or otherwise dispose of any
and all lands, mines, bonds, and other property acquired
under this section at its pleasure: provided, however, that
no railroad company, railroad syndicate, or association of
persons formed for the purpose of constructing, operating,
or owning any railroad, shall become, either directly or indi-
rectly, the owners of, or interested in, more than two-fifths
of the stock of said company, except by the purchase thereof
at a sale under some deed of trust, or in foreclosure of some
mortgage.
§6. Any county, incorporated town, or. city, along or near
the line of this railroad, or at any terminal point thereof, or
along or near the lines of its branch, lateral, and connecting
lines, or at their terminal points, may subscribe to the capital
stock of said company, and to this end it shall be the duty
of the county court of any such county, and the hustings or
corporation court of any such town or city, in its discretion,
to cause a vote of the qualified voters of such county, town,
or city to be taken at such time, and for such amount, as the
president and board of directors of said Danville and New
iver railroad company may request; and whenever such
vote may have been taken, after due notice, and if it shall
appear by the returns thereof, that two-thirds of the quali-
fied voters voting upon the question in any county, town, or
city, are in favor of such subscription, the same shall be
made, and, thereupon, the county, hustings, or corporation
court of such county, town, or city, shall make all necessary
orders for the issuance and delivery to said company of the
bonds of such county, town, or city to the amount of sub-
scription so made, and payable at such times and places, and
in such sums, witb interest, at the rate of six per centum
per annum, as said court may determine; and said bonds
shall be received at par in payment of said subscription; said
court in ordering said vote, may, in its discretion, require the
whole or any part of said subscription to be expended in the
county making same. The supervisors in any county, making
a subscription under the provisions of this act, are author-
ized and required to levy and collect a tax sufficient to pay
the interest and provide a sinking fund to liquidate the prin-
cipal of said bonds when due. And said Danville and New
River railroad company is hereby authorized and empowered
to issue to the town of Danville and county of Henry, pre-
ferred stock for any additional subscription to its capital
stock as said town or county, or either of them, may hereaf-
ter make, on such terms as the stockholders of said company
may direct.
$7. All acts and parts of acts in conflict with this act, are
hereby repealed.
2. This act shall be in force from its passage.
Chap. 251.—An ACT to amend and re-enact sections one, four, six, and
seven of an act entitled an act to incorporate the Danville and New
River Narrow-Gauge Railroad Company, approved March twentieth,
eighteen hundred and seventy-three, as amended by an act approved
March twentieth, eighteen hundred and seventy-seven.
Approved March 6, 1882.
1. Be it enacted by the general assembly, That sections
one, four, six, and seven of an act entitled an act to incorpo-
rate the Danville and New River Narrow-Gauge Railroad
Company, approved March twenty, eighteen hundred and
seventy-three, as amended by an act approved March twenty,
eighteen hundred and seventy-seven, be amended and re-en-
acted so as to read as follows:
§1. Be it enacted by the general assembly of Virginia,
That W. T. Sutherlin, W. T. Clark, John M. Johnston, L. M.
Shumaker, Abner Anderson, P. Bouldin, John D. Glass,
Robert H. Trotter, and F. B. Gravely, of the county of Pitt-
sylvania, Virginia; B. F. Gravely, W. D. Stultz, John F.
edigo, L. S. Thomas, George D. Gravely, John Rangely,
John H. Schoolfield, William Martin, D. H. Spencer, and
Samuel J. Mullins, of Henry county, Virginia; Frank R. Penn,
Edwin Zentmeyer, Perry McArthur, H. W. Reynolds, John
Staples, W. T. Noell, M. Turner, J. W. Akers, Charles Ross,
Junior, Stephen H. Turner, Wellington Thomas, M. T. Law-
son, Thomas Dehart, John W. Gates, Jefferson Moore, and
Samuel Dobyns, of Patrick county, Virginia; Edward Mar-
shall, James L. Mitchell, James B. Johnson, Aaron Cox, A.
W. C. Nowlin, Martin Dalton, James Early, John Early, B.
W. Dobyns, and Garland Hale, of Carroll county, Virginia ;
Alexander Chafin, Robert Jackson, Albert Oglesby, J. C.
Roper, Thomas Wood, P. C. Crockett, D. C. Graham, John
Robinson, and Joseph J. Graham, of Wythe county, Vir-
ginia; Lewis H. Bryant, S. M. Fulton, P. G. Hale, John
Dickinson, M. B. Cox, and J. B. Hash, of Grayson county,
Virginia; or such of them as may accept the provisions of
this act, and such persons and corporations as may become
associated with them, in the manner hereinafter provided,
shall be and are hereby constituted a body politic and cor-
porate, by the name of the Danville and New River railroad
company; and in that name shall have all the powers, rights,
privileges, and franchises necessary and proper to locate,
construct, and maintain a railroad, to be known as the Dan.
ville and New River narrow-gauge railroad, to begin at Dan-
ville, or at some point on the Virginia Midland railway, in
Pittsylvania county aforesaid, within the corporate limits of
the town of North Danville, Virginia; and thence from and
through said town of Danville, and the counties of Pittsy]-
vania, Henry, Patrick, Carroll, Grayson, Floyd, Montgomery,
Pulaski, Smith, Wythe, and Washington, or any or either of
said counties, to some point on the Norfolk and Western rail-
road, in Montgomery county, Virginia, or between Mont-
gomery county and Bristol in said state, or to connect with
any railroad of this or a bordering state, together with such
branch, lateral, and connecting lines of railways as said com-
pany may deem necessary and advantageous to the comple-
tion and successful operations of its said railroad, in addition
to the branch and lateral roads provided for in section five of
this charter.
$4. It shall be lawful for said company to accept ani
acquire, in subscriptions to its capital stock, or by donations
or otherwise, lands, mines, property, materials, or labor; it
may, moreover, receive subscriptions from other companies,
associations, and corporations of this or any bordering state :
provided the charters of such companies permit them to sub-
scribe; and make such arrangements with the respective
boards of directors of such companics, associations, and cor-
porations, for the endorsement of bonds and sale and ex-
change of stocks to facilitate the speedy completion and suc-
cessful operation of its road, as may be mutually agreed upon;
and said company may lease, sell, or otherwise dispose of any
and all lands, mines, bonds, and other property acquired
under this section at its pleasure: provided, however, that
no railroad company, railroad syndicate, or association of
persons formed for the purpose of constructing, operating,
or owning any railroad, shall become, either directly or indi-
rectly, the owners of, or interested in, more than two-fifths
of the stock of said company, except by the purchase thereof
at a sale under some deed of trust, or in foreclosure of some
mortgage.
§6. Any county, incorporated town, or. city, along or near
the line of this railroad, or at any terminal point thereof, or
along or near the lines of its branch, lateral, and connecting
lines, or at their terminal points, may subscribe to the capital
stock of said company, and to this end it shall be the duty
of the county court of any such county, and the hustings or
corporation court of any such town or city, in its discretion,
to cause a vote of the qualified voters of such county, town,
or city to be taken at such time, and for such amount, as the
president and board of directors of said Danville and New
iver railroad company may request; and whenever such
vote may have been taken, after due notice, and if it shall
appear by the returns thereof, that two-thirds of the quali-
fied voters voting upon the question in any county, town, or
city, are in favor of such subscription, the same shall be
made, and, thereupon, the county, hustings, or corporation
court of such county, town, or city, shall make all necessary
orders for the issuance and delivery to said company of the
bonds of such county, town, or city to the amount of sub-
scription so made, and payable at such times and places, and
in such sums, witb interest, at the rate of six per centum
per annum, as said court may determine; and said bonds
shall be received at par in payment of said subscription; said
court in ordering said vote, may, in its discretion, require the
whole or any part of said subscription to be expended in the
county making same. The supervisors in any county, making
a subscription under the provisions of this act, are author-
ized and required to levy and collect a tax sufficient to pay
the interest and provide a sinking fund to liquidate the prin-
cipal of said bonds when due. And said Danville and New
River railroad company is hereby authorized and empowered
to issue to the town of Danville and county of Henry, pre-
ferred stock for any additional subscription to its capital
stock as said town or county, or either of them, may hereaf-
ter make, on such terms as the stockholders of said company
may direct.
$7. All acts and parts of acts in conflict with this act, are
hereby repealed.
2. This act shall be in force from its passage.