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 |
---|---|
Law Number | 54 |
Subjects |
Law Body
Chap. 54.—An ACT to incorporate the Midlothian, Manchester and
Richmond railway and mining company.
Approved April 6, 1887.
1. Be it enacted by the general assembly of Virginia, That
Julius Baker, of Pennsylvania, and John Rutherford, C. C.
McRac, B. B. Weisiger, R. B. Chaffin, C. 5. Mills, N.W.
Bowe, R. D. Wortham, T. P. Pettivrew, John B: adon, George
Il. Jew ett, 5S. G. Wallace, YH. WH. Vaden, and John E. Taylor,
of Virginia, and their associates, successors, and assigns, and
such other persons or corpor ations as nay be hereafter asso-
ciated with them, be and they are hereby declared a body
corporate and politic by the name of the Midlothian, Man-
chester and Richmond Railway and Mining Company, and
said corporation may by -or under its corporate name make
use of a corporate seal which it may alter or renew at its
pleasure; may suc or be sued; plead and be impleaded; con-
tract and be contracted with; and make by-laws and rules
and regulations, consistent with the laws of the State of Vir-
ginia, for the government of the company, and those under
its authority, for the management of its properties and the
oreen, conduct of its corporate affairs.
he capital stock of said company shall got be less than
fifty thousand dollars, nor exceed one million of dollars, and
may be increased from its minimum up to the maximum,
from time to time, as the board of directors of said company
may determine. The stock to be fifty dollars per share. Said
company may organize when five dollars per share of the
minimum capital stock has been subscribed and paid up, and
gaid incorporators or a majority of those who are hereby
commissioned for the purpose, may open books of subscrip-
tion in such manner and at such place or places as they may
deem best, and close the same by consent of a majority ot
said incorporators, when the said minimum amount herein-
before mentioned has been paid in, and said incorporators
may thereupon proceed to orgunize by the election of proper
officers.
3. The directors may receive, in licu of money, subscrip-
tions in lands, mineral rights, lumber, labor, and construction
and outfit material, at such price as they may be able to
agree upon with such subscribers; but no subscriber to any
of the stock of said company shall be liable for more than
the stock subscribed for by him and any unpaid quota
thereon.
4. For each share of stock held by said stockholders in
said company he shall be entitled to one vote. There shall
be annual meetings for the election of oflicers of said com-
pany.
5. Said company in its corporate capacity, may have the
rigbt to borrow money in such sums as it may seem best,
and to issue bonds and secure the same by mortgage or trust
deed, and discount such bonds at prices to realize such sums
as said board of direetors may decm best to the interests of
said company; and to secure such loans, may encumber its
property, real and personal, rights and franchises, and all its
effects of every description.
6. The said company may own lands in the counties of
Chesterfield and Powhatan, not exceeding three thousand
acres in each of said counties, and may own sufficient land
in Richmond and Manchester for any depots, sidings and
turnouts whatsoever, or coal and lumber yards necessary for
its business. It may mine coal, kaoline, clay, cut and haul
lumber, and thus provide tonnage for the railway business
hereinafter provided for, and to such end for the conduct of
its railway business, may operate such telegraph or telephone
or other electric appliances as may be useful in operating its
business.
7. Said company is authorized to construct and operate a
railway with single or double tracks, standard or narrow
gauge; propel its carriages by steam or suck power as it may
see fit; it may locate its road from either a point on James
river in Powhatan, near Scott’s mines or at or near Huge-
not Springs; thence to, through or near Midlothian; thence
to or near Manchester or to the city of Richmond. ‘It may
connect with the Richmond and Danville railway at its inter-
section with tat road with the consent of said Richmond
and Danville railway; and it may connect with the Rich-
mond and Petersburg railroad at its intersection with that
road, and may, with “their consent, run its cars on that road
into Manchester and over its bridge into Richmond, or it may
run along the Richmond and Petersburg t track to some point
near Temple’s turnout, and thence to Warwick or some point
near Warwick, or it may run to Warwick or some point near
Warwick by its separate route not exceeding five miles from
Richmond at its Richmond terminal point.
8. For the purpose of torming a continuous line of rail-
road to operate under the control of said railroad here incor-
porated, may build turnout roads not exceeding twenty miles,
to connect with such road as may desire such connection:
provided such road is not a parallel or competing road. And
this company shall have power to make all necessary con-
demnations for its right of way and for terminal facilities as
provided in chapter fifty -six, Code of Virginia, eighteen hun-
dred and seventy-three, but shall only acquire ‘land on James
river or cast ot the Richmond and Petersburg turnpike, by
gift or-purchase or contract, and only in suflicient amounts
for actual railw: vy terminal uses.
9. It may cross such intersecting railway track at grade,
with consent of the road thus crossed, by construction of
proper crossings, sidings, turnouts, switches and proper appli-
ances, or if snid company so intersoeted oppose, it may reter
the decision to three disinterested arbitrators, one appointed
by each road in interest, who shall select a civil engineer for
consultation and decision, and their decision shall be binding
as to the proper structure to be placed at the point to effect
a safe and proper crossing.
10. Said company may carry on the usual railway busi-
ness of carrying passengers, freight. parcels, and packages,
as is usual in the conduct of such railw: Ly companies.
11. Said company may sell off or lease out such property
belonging to it, as it may sec fit.
12. Said company in accepting the privileges of this char-
ter, hereby agrees to pay all taxes and demands due to the
State of Virginia, and that may be hereafter assessed against
it, in lawful money of the United States and not in coupons
from Virginia bonds.
13. The construction of said road shall be commenced
t within two years, and finished within five years from the date
of passage of this act.
14. This act shall be in foree from its passage.