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 | 1887es |
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Law Number | 320 |
Subjects |
Law Body
Chap. 320.—An ACT to incorporate the Gladesville and Mineral city
telephone company.
Approved May 20, 1&7,
1. Be it enacted by the veneral assembly of Virginia, That
Creed F. Flanary, G. W. Kilgore, J. B. Gilly, J. F. Gilliam,
T. G. Wells, M. M. Wells, J. H. Snodgrass, N. B. Dotson,
Wm. M. Greer, and KE. M. Fulton, together with such persons
as may become stockholders, their associates and successors,
be and they are hereby created and constituted a body corpo-
rate by the name of the Gladeville and Mineral city telephone
company, by which name it shall have perpetual succession,
a common seal, may sue and be sued, contract and be con-
tracted with, and shall have all the rights and privileges of
a corporation under the general laws of the State of Virginia,
and be subject to all the rules, regulations, and restrictions
imposed by the laws of said State in relation to joint stock
companies, so far as they are applicable to and not incon-
sistant with the provisions of this act.
2. The said corporate body is constituted for the conduct
of the telephone business, and by its corporate name as afore-
said, shall have all the powers, rights, ard franchises neces-
sary and proper to locate, construct, operate, and maintain a
telephone line from Gladesville, the county seat of Wise
county, to Mineral city in said county, and also to construct,
operate, and maintain other telephone lines from cither of
the points above mentioned to any point or points in Scott,
Wise, Lee, Russell, or Dickenson counties, Virginia, or to any
point or points in Pike, Letcher, or Harlem counties, Ken-
tucky: provided the consent of the State of Kentucky shall
be obtained before any line of telephone is projected therein.
3. The capital stock of said company shall not be less than
five hundred dollars nor more than fifty thousand dollars,
divided into shares of ten dollars each, and each share shall
be entitled to one vote at a stockholder’s mecting.
4. Said corporate body shall have power to acquire all real
estate and casements necessary for the convenient erection
of its lines and the conduct of its business, and may crect
the wires on and along the public highways: provided the
same be located at least three feet from the road bed.
5. The principal office of said company shall be located at
Gladesville, and the officers shall be a president, vice-presi-
dent, secretary, and treasurer, and a board of directors, not
less than five nor more than ten in number, all of whom shall
be elected at a stockholder’s meeting on the fourth Monday
in April of each year, and they shall hold until their succes.
sors are duly elected.
6. Until the first election under this chapter the following
persons shall be the officers of said company, namely: G. W.
Kilvore, president; E. M. Fulton, vice-president; T.G. Wells.
secretary and treasurer; N. B. Dotson, J. B. Gilly, J. F. Gil-
liam, J. H. Snodgrass, and M. M. Greer, directors.
7. All taxes, debta, cues, and demands due or to become
due to the State of Vi irginia shall be paid in currency and
not in coupons.
8. Said company, through its board of directors, is autho-
rized to make by-laws and rules for its government not in-
consistent with the laws of this State or the United States.
and may amend or repeal the same at pleasure.
9. This act shall be in force from its passage.