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 | 1866/1867 |
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Law Number | 216 |
Subjects |
Law Body
Chap. 216.—An ACT to amend an act entitled an act to incorporate the
Rappahannock and West Point Railroad Company, passed March 29th,
1860. -
Passed February 19, 1867.
1. Be it enacted by the general assembly, That the Rappa-
hannock and West Point railroad company shall have power
and may construct such branches to and from the main line
of said railway as may be directed by the stockholders of the
said company in any general meeting : provided such branches
shall not, in any manner, interfere with any other railway or
other public work in which the state now is or may then be
a stockholder. »
2. The said company shall have power and may purchase,
hold and grant real estate along the line of their said railway,
for the purpose of aiding in the construction and equipment
of the same: provided that not more than one hundred acres
shall be purchased and held at any one terminal point, and
no real estate shall be purchased and held by the said com-
pany at a greater distance than ten miles from the centre line
of the said railway; but no more real estate shall be pur-
chased and held by the said company, after the completion of
the main line of their said railway, other than such as may,
from time to time, be actually necessary for the use of said
railway.
3. The said company shall issue certificates of stock in said
company, to the original subscribers therefor, in shares of
not less than one hundred dollars each, signed by the presi-
dent and countersigned by the secretary of the said com-
pany. The said certificates shall only be transferable by en-
dorsement thereon, made by the original subscriber therefor,
his personal representative or transferee, and acknowledged
before any notary public, or other person authorized by the
Code of Virginia to take acknowledgment of deeds, or two
subscribing witnesses; and when so transferred, shall pass to
the transferee ‘thereof the number of shares of the capital
stock of the said company represented by the said certifi-
cates, with all dividends thereafter declared thereon; and the
said certificates, when so transferred as afor esaid, may be
returned to the said company and cancelled, and new certifi-
cates of stock issued in lieu thereof to the person entitled
thereto, for a like number of shares. _
4, No stockholder in the said company shall ever be held
liable or made responsible for its debts*and_ liabilities in a
larger or farther sum than the amount of any unpaid balance
due to the said company for stock subscribed for in the name
of said stockholder.
5. This act shall be in force from its passage.