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
Law Body
Chap. 464.—An ACT to incorporate the United States Fishery Com-
pany.
Approved March 17, 1884.
1. Be it enacted by the general assembly of Virginia, That
B. S. Pardee, Commissioner Green B. Raum, Washington,
District of Columbia; R. H. Baker, Virginia; Waldo A.
Pearce, Massachusetts; C. M. Richmond, New York; V. D.
Groner, Virginia; Frances D. Molton, New York; James N.
Bell, Virginia, their associates and successors, be and they
are hereby constituted a body, corporate and politic, under
the name and style of the United States Fishery Company,
and by that name shall have perpetual succession, and are
hereby made capable in law and in equity, to sue and be
sued, to implead and be impleaded, contract and be con-
tracted with, to make, have and use a common seal, and to
alter and renew the same at pleasure; and to make, ordain,
establish, and put in force, such by-laws for its own govern-
ment, as It may deem necessary and expedient, not in con-
flict with the laws of the United States and of the state of
Virginia.
2. The business of said company shall be the catching,
purchasing, and curing of fish, and especially of shell-fish, the
propagation of the same at such suitable places, and along
the Atlantic, Pacific and Gulf coasts, and in the inland
waters of the Southern States, as may, from time to time, be
secured by the company for such purposes; the preparation
of fruits, vegatables, and fish of all kinds for market, by salt-
ing, smoking, canning, or otherwise preserving the same.
The said company is authorized to put up whatever build-
ings may he needed for its purposes, or to lease the same from
others; to build, levy, own or hire ships, steamboats, and all
other vehicles that may be needed for its business, either on
land or water; to make or purchase nets, fishing tackle, and
all other appliances, implements, and tools required; to manu-
facture cans, tubs, barrels. and all other packages used in the
business, and to engage in a general mercantile business :
provided they shall not have any privileges for the catching
of fish and oysters other than is provided by the laws of
Virginia.
3. The capital stock of said company shall not be less
than twenty-five thousand dollars, and may be increased to
any amount, not exceeding one million five hundred thou-
sand dollars, by issue and sale of shares thereof, of one hun-
dred dollars each, from time to time, under such regulations
as the board of directors shall from time to time prescribe ;
and the directors may receive real or personal property, in
payment for subscriptions to the capital stock, at such valua-
tion as may be agreed upon between the directors and sub-
scribers. Said company shall have the right to set aside, as
a fund for working capital, whatever number of shares of the
‘apital stock the directors shall deem advisable, 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.
4, The said company may purchase, hold, sell, encumber,
and convey any and all lands or other property, whether real
or personal, necessary or proper, for the purposes and objects
of the corporation ; and such land or other proporty may be
purchased with stock of the said company at such valuation
as may be agreed upon between said company and those de-
siring to make such payment, or sell such land or other pro-
perty. Stock so issued shall be deemed full paid.
5. It shall be lawful for said company, from time to time,
as it may deem proper, to sell, lease, or dispose of its pro-
perty, or any part thereof, or any interest tberein, by con-
tract, lease, or otherwise; to contract for the improvement
or operation of the same, or any part thereof, upon such
rents, payments, and in such manner as by the board of
directors, or a majority of them, may bo deemed expedient.
6. The principal office of said company shall be in the
city of Norfolk, in Virginia, but, in addition thereto, the said
company may establish offices, factories, and stations in such
other places as in the judement of its directors may be essen-
tial to the furtherance of its business.
7. The corporators named in section one of this act, or as
many of them as can do so, shall meet as soon as practicable
after the passaye of this Act, at some convenient place in the
city of Norfollx, and then and there proceed to elect a presi-
dent and a board of directors, consisting of not less than
three nor more than seven persons, and such other officers as
they may deem necessary, and pass any by-laws, not in con-
flict with the constitution and laws of the United States and
of the state of Virginia, which they may deem necessary for
their government. All elections, after the first held by said
company, shall be at such time and place as the by-laws may
direct, and all officers of said company shall hold office for
such length of time as may be agreed upon by said company,
and afterward until their successors are duly elected and
qualified. The terms of’ all officers elected by said company
shall commence at such time as shall be prescribed by said
company.
8. At every meeting of the stockholders of said company,
Whether annual or special, all questions shall be decided by a
stock vote, every share being entitled to one vote.
9. This act shall be in force from the date of its passage.