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 | 1887/1888 |
---|---|
Law Number | 102 |
Subjects |
Law Body
Chap. 102.—An ACT toincorporate the Warwick Park Transportation
company.
Approved February 8, 1888.
1. Be it enacted by the general assembly of Virginia, That
C. P. KE. Burgwyn, James R. Werth, George M. Wilson, Wil-
liam P. De Saussure, R. B. Chaffin, Franklin Stearns, A. S.
Buford, John E. Taylor, and such other persons as they may
associate with them, and their successors and assigns, be and
they are hereby made and constituted a body Rollie and cor-
porate by the name of the Warwick Park Transportation
company, and shall have all the powers, rights and tranchises
necessary or proper for the purpose of conducting the busi-
ness horeinafter described.
2. Any four of the corporators named may organize the
company by electing a president and board of directors, and
thereupon the said company shall have and exercise all the
general powers and be subject to the general restrictions pro-
vided by the laws of the state as to bodies politic and corpo-
Google
rate, except so far as the same are modified by or are incon-
sistent with this act.
8. The seid company shall have authority in the prosecu- |
tion of its business, to own, equip and operate steam and
other boats, excursion grounds and wharves; to receive toll
for the transportation of passengers, freight, express matter
and for wharfage; to collect fees for the entrance into excur-
sion grounds; to sell refreshments, other than spirituous
liquors, for which special license must be obtained according
to general law; to exhibit lawful games and entertainments, or
to rent out to others the privilege of doing the same, upon the
grounds owned and controlled by the company; to carry on
any business which can be conveniently or profitably done in
connection with the principal business of the company, or
which it is deemed will give profitable use or employment to
the properties or facilities used by and belonging to the com-
pany; to construct roads, tramways, or railways, connecting
their premises with any lines of transportation or street rail-
ways, in accordance with the municipal or other regulations
applying to such facilities: provided however, that they shall
not exceed five miles in length. The company may own as:
much as fifteen hundred acres of land in any county on the
James river, and as much as five acres in the city of Richmond.
4. The principal office of the company shall be in the city |
of Richmond.
5. The capital stock of this company shall not be less than |
ten thousand dollars, and may be increased by a two-thirds
vote of the subscribers thereto to any amount not exceeding five
hundred thousand dollars. The stock is to be divided into
shares of the par value of one hundred dollars each. Hach |
share of stock shall be entitled to one vote. The said com-'
pany may issue and dispose of such stock at such price and
upon such terms and conditions as may be agreed upon be-
tween the board of directors and the subscribers thereto.
6. The board of directors of said company may, with or.
without notice, open the books and receive subscriptions to.
the stock from time to time as they may deem expedient,
until the stock is fully taken, and all subscriptions to the
stock of the company shall be payable at such times and
places, and in such manner and amounts as said board of di-
rectors may prescribe.
7. It shall be lawful for the said company to receive in full :
or part payment of subscription to the capital stock of the
said company, money, lands, labor, leases, materials, stock,
bonds, appliances or other property, or interest therein, or
other means deemed available for the purposes, or adapted to
the uses of said company, or the proceeds of which, by sale
or exchange, may be converted to the uses of said company,
and such subscriptions may be received from ‘individuals, or
other associations or corporations, and any corporation of
this state is hereby authorized to subscribe to the stock of the
company hereby incorporated.
8. Tne board of directors shall have power to issue bonds,
ee ee aes me
either registered or coupon, or convertible, the one with the
other, in sums of one hundred dollars and multiples thereof, and
bearing interest not exceeding six per centum per annum, the
principal and interest of which shall be payable at such times
and places as the board of directors may determine, and may
secure the same by one or more mortgages or deeds of trust
on the franchises, income and property of the company, real
and personal, or such part or parts thereof, as may be designa-
ted in the mortgages or deeds of trust, and may sell such bonds
at such discount as may be thought best for the benefit of the
company.
9. It shall be lawful for the said company, from time to
time, to nominate to the county court in which its grounds
are situated, any number of persons it may deem proper,
without regard to their residence, as a special police, who,
when confirmed in appointment of said court, ard after being
qualified to act, shall have the powers within the boundaries
of said grounds and a half mile therefrom as are conferred on
special police officers by general law. Police officers of the
cities of Richmond and Manchester shall also have the same
powers within the aforesaid limits, and such other powers as
they have within their respective corporations. A conserva-
tor of the peace may be appointed for any such grounds, with
jurisdiction over the same, and within a half mile thereof, in
the manner and with the qualifications and powers prescribed
by general laws in regard to conservators of the peace for
watering places. Such conservator of the peace shall have,
in regard to all arrests made, or offences committed within
his jurisdiction, such powers as a justice of the peace would
have in regard thereto.
10. The construction of any railway shall be commenced
within two years, and completed within five years after the
passage of this act, and before the said work of construction
shall commence, at least ten thousand dollars shall have been
subscribed to the stock and fifty per centum paid thereon.
11. All taxes, dues and demands due the state, or that may
hereafter become due by this company to the state of
Virginia, shall be paid in lawful money of the United States,
and not in coupons.
12. This act shall be in force from its passage.