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 | 1895/1896 |
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Law Number | 34 |
Subjects |
Law Body
Chap. 34.—An ACT to amend and re-enact section 1135 of the code of Virginia
relating to the issuance of new certificates of stock of chartered company
when former one is lost.
Approved January 9, 1896.
1. Be it enacted by the general assembly of Virginia, That section
eleven hundred and thirty-five of the code of Virginia, relating to
the issuance of new certificates of stock of chartered company when
former one is lost, be amended and re-enacted so as to read as fol-
OWS:
§ 1135. How new certificates may issue when former one lost.
When a person to whom such a certificate is issued or to whom same
has been duly assigned, alleges it to have been lost, he shall file in
the office of the company, first, an affidavit setting forth the time,
place and circumstances of the loss; second, proof of his having ad-
vertised the same in a newspaper once a week for one month; and
third, a bond to the company, with one or more sufficient sureties,
with condition to indemnify all persons against any loss in conse-
quence of issuing a new certificate in place of the former, and there-
upon, the board shall direct such new certificate, and the same shall
be issued accordingly. But if such certificate is alleged to have
been lost for a period of seven years or more, any person claiming title
to the shares of stock represented by such certificate may file a peti-
tion in the circuit or corporation court of the county or city wherein
the principal office of the company is, or before the judge thereof
in vacation, briefly setting forth the facts upon which the claimant
relies to sustain his title thereto, a copy of which petition shall be
served on the company, in like manner as notices are served, at least
two weeks before the petition is heard; and, if such shares of stock
stand on the books of the company in the name of some person
other than the claimant, a copy of the petition shall likewise and in
like manner be served on such other person, or his personal repre-
sentative, and notice of the claimant’s intention to file his petition
shall be published in some newspaper at least once a week for two
successive weeks. On the hearing of the petition the court or judge
shall consider such evidence as may be adduced by any party in in-
terest, whether the same be in the nature of oral testimony, paper
writing, depositions or otherwise;.and if the court or judge shall be
satisfied that the petitioner is entitled to the shares of stock which
be claims, then an order shall be entered on the minute-book of the
court requiring the issuance of a new certificate for the same, with-
out the execution of any bond, by way of indemnity or otherwise.
And when the new certificate shall have been issued and delivered
under an order of court as herein provided, the company shall for-
ever be discharged and relieved from any and all liability to any
and all persons who may subsequently claim an interest inthe stock
of the company under or by virtue of the former certificate.
2. This act shall be in force from its passage.