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 | 1885/1886 |
---|---|
Law Number | 114 |
Subjects |
Law Body
Chap. 114.—An ACT to amend and re-enact the Charter of the Suf
folk and Carolina Railway Company.
Approved February 12, 1886.
Whereas, by virtue of the provisions of an act of the gen-.
eral assembly of Virginia, entitled an act to incorporate the
Nansemond Land, Lumber and Narrow-gauge railway com.
pany, approved March nineteenth, eighteen hundred and sev.
enty-three; and also of an act of said general assembly, enti-
tled an act to amend and re-enact an act entitled an act to in-
corporate the Nansemond Land, Lumber and Narrow-gauge
railway company, approved March nineteenth, eighteen hun.-
dred and seventy-three, and to change the name of said com.
pany, which last named act was approved February twenty:
sixth, eighteen hundred and eighty-four, the Suffolk and Caro-
lina railway company has been duly organized, in accordance
with the provisions of said acts, and at its last annual meeting
the following named officers were duly elected, viz.: John S
Gittings, William H. Bosley, Samuel P. Ryland, Junior, Chaun.
cey Brooks, William N. Camp, and Charles F. Pitts, Junior,
directors; and said company has constructed and equipped a
line of railway from thé Nansemond river, at Suffolk, to a point
on the North Carolina line, where it connects with the Suffolk
and North Carolina railroad, chartered by the state of North
Carolina, which latter railroad has been leased to and consoli-
dated with the said Suffolk and Carolina railway company, in
accordance with the laws of the states of North Carolina and
Virginia; and whereas, it is desired that the powers and privi-
leges granted to said company by the aforementioned acts of
incorporation be further amended and re-enacted: therefore,
1. Be it enacted by the general assembly of Virginia, That
the aforementioned directors, and the stockholders of the said
Suffolk and Carolina railway company, organized and operated
as aforementioned, and such other persons as may hereafter
succeed and be associated with them in said organization, shall
be and continue a body politic and corporate, under the name
of the Suffolk and Carolina Railway Company, for the pur-
poses, and with all the rights, privileges and pewers granted
to said body corporate, set out and specified in the aforemen-
tioned acts of assembly.
2. The line of railway constructed, and all property, rights
and easements heretofore lawfully acquired by said body cor-
porate, are hereby approved and confirmed unto the said Suf-
folk and Carolina railway company, without hereby intending
to change, alter or affect the property, rights or privileges of
anv persons or bodies corporate, as the same may now lawfully
stand or be vested in relation to said body corporate.
3. The said Suffolk and Carolina railway company is hereby
authorized at any time to alter or seconstruct its line of railroad
from Suffolk to the North Carolina line, or to construct another
line of railroad from some point on its present line, so as to
reach or cross said North Carolina line at any point within
twelve miles east or,west of the point where its line of railroad
now intersects the North Carolina line, and there connect with
any railroad or railroads chartered under the laws of said state.
4. The capital stock of said company is hereby authorized to
be increased to an amount not exceeding one million dollars,
as the stockholders may hereafter determine.
5. The said company is hereby authorized to lease or con-
solidate with any railroad or railroads in the states of Virginia
or North Carolina, connecting with the same, upon such terms
as its stockholders may determine; and the lease and consoli-
dation hereinbefore mentioned is hereby confirmed and ap-
proved: provided, it shall not consolidate with a parallel or
competing line, and if it consolidates with a foreign corpora-
tion, the consolidated company shall always remain a Virginia
corporation in regard to the right of suing and being sued.
6. All taxes or dues due the state of Virginia, shall be paid
in lawful currency of the United States; and this act shall be
subject to amendment or repeal at any time by the general as-
sembly.
7. This act shall be in force from its passage.