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. 254.—An ACT to ineorporate the Dan Niver Manufacturing
Company,
Passed February 14, 1866.
1. Be it enacted hy the general assembly of Virginia, That
T. J. Patrick, George W. Iead, Abner Anderson, J. C. Voss,
John W. Hallan and KE. J. Bell, and such other persons as
may hereafter be associated with them, shall be and are
hereby incorporated and made a body politic and corporate.
under the name and style of The Dan River Manufacturing
Company. "
2. Any three of the above named commissioners shell
have power to open books of subscription for the tormation
of said company, in Danville, and at snch other times and at
such other places as a majority of said commissioners may
designate; and subseriptions made to the stock of said com-
pany shall be valid and binding at any place and time, and in
any manner said commissioners, or a majority of them, may
designate and determine upon, in or out of the state of Vir-
ginia: and the said company are hereby invested with all the
rights, privileges and powers, and subject. to all the restrie-
tions and limitations conferred and imposed upon such bodies
politic and corporate by the fitty-sixth and titty-seventh chap-
ters of the Code of Virginia, so far as they are applicable to,
and not inconsistent with the: powers herein vranted and
contained.
3. Said company shall have power to purchase and hold
real estate and water privileges in the county of Pittsvlyania
and the corporation of Danville, which may be necessary tor
their business; and may scll, release, rent, or otherwise dis-
pose of the same; and m: io manufacture vegetable, mineral
and animal substances. Said company may moreover receive
subscriptions in real est: te and state bonds; which shall be
commuted into stock, and represent so much stock as a ma-
jority of said commissioners, and the respective persons
making such subscriptions, may agree upon at the time of
the subseription; but said lands, yniess necessary for the
business of said company, shall not be held more than five
years from the time this act shall be in foree, nor exceed in
quantity, at one time, five thousand acres. Said commission-
ers shall moreover be authorized to pay, ont of the first
moneys subscribed and paid in, a reasonable compensation to
any agents they may appoint to aid in getting up the capital
stock of said company, not exceeding three and a halt per
centim on the eapital subscribed,
4. The capital stock of said Gompany shall not be Tess than
twenty thousand dollars nor more than one million of dollars,
in shares of twenty dollars each; but the stockholders may
close subscriptions at any time atier the minimum is sub-
scribed, and reopen the same at any time and as often as they
may think proper.
® This act shall be in force from its passage, and shall be
subject to any amendment, alteration or moditication, at the
pleasure of the general assembly.
Chap. 254.—An ACT to ineorporate the Dan Niver Manufacturing
Company,
Passed February 14, 1866.
1. Be it enacted hy the general assembly of Virginia, That
T. J. Patrick, George W. Iead, Abner Anderson, J. C. Voss,
John W. Hallan and KE. J. Bell, and such other persons as
may hereafter be associated with them, shall be and are
hereby incorporated and made a body politic and corporate.
under the name and style of The Dan River Manufacturing
Company. "
2. Any three of the above named commissioners shell
have power to open books of subscription for the tormation
of said company, in Danville, and at snch other times and at
such other places as a majority of said commissioners may
designate; and subseriptions made to the stock of said com-
pany shall be valid and binding at any place and time, and in
any manner said commissioners, or a majority of them, may
designate and determine upon, in or out of the state of Vir-
ginia: and the said company are hereby invested with all the
rights, privileges and powers, and subject. to all the restrie-
tions and limitations conferred and imposed upon such bodies
politic and corporate by the fitty-sixth and titty-seventh chap-
ters of the Code of Virginia, so far as they are applicable to,
and not inconsistent with the: powers herein vranted and
contained.
3. Said company shall have power to purchase and hold
real estate and water privileges in the county of Pittsvlyania
and the corporation of Danville, which may be necessary tor
their business; and may scll, release, rent, or otherwise dis-
pose of the same; and m: io manufacture vegetable, mineral
and animal substances. Said company may moreover receive
subscriptions in real est: te and state bonds; which shall be
commuted into stock, and represent so much stock as a ma-
jority of said commissioners, and the respective persons
making such subscriptions, may agree upon at the time of
the subseription; but said lands, yniess necessary for the
business of said company, shall not be held more than five
years from the time this act shall be in foree, nor exceed in
quantity, at one time, five thousand acres. Said commission-
ers shall moreover be authorized to pay, ont of the first
moneys subscribed and paid in, a reasonable compensation to
any agents they may appoint to aid in getting up the capital
stock of said company, not exceeding three and a halt per
centim on the eapital subscribed,
4. The capital stock of said Gompany shall not be Tess than
twenty thousand dollars nor more than one million of dollars,
in shares of twenty dollars each; but the stockholders may
close subscriptions at any time atier the minimum is sub-
scribed, and reopen the same at any time and as often as they
may think proper.
® This act shall be in force from its passage, and shall be
subject to any amendment, alteration or moditication, at the
pleasure of the general assembly.