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 | 72 |
Subjects |
Law Body
Chap. 72.—An ACT to incorporate the Charlottesville and University
Railroad Company.
Passed January 15, 1867.
1. Be it enacted by the general assembly, That James L.
Cabell, W. L. Cochran, John B. Minor, J. L. O’Neale, Ed-
ward Benner, }F’. H. Smith, Joseph Sipop, J. 8. Davis, B. C.
Flannagan, John T. Antrim and John Wood, Jr., together
with their successors and assigns, are hereby cr eated a cor-
por ation by the name of The Charlottesville and University
Railroad Company, with power to construct, equip, maintain
and use a railway, to be operated with horse or mule power,
with single or double tracts; and to run cars thereon for the
conveyance of passengers and property upon and over the
main street in the town of Charlottesville, and also upon and
over such other streets and highways of the said town as
may, from time to time, be fixed and determined by the
mayor and council of the said town, upon, the application of
the said company; and also upon and over the highway lead-
ing from the said town to the University of Virginia, or
upon such other route as may be lawfully acquir ed by the
said company, from the said town, to such point in the
grounds of the said University as-the rector and visitors
thereof shall prescribe.
2. The capital stock of said company sliall be not less than
fifteen thousand nor more than fifty thousand dollars, divided
into shares of ten dollars each; and the said company shall
have power to mortgage their corporate property and fran-
chise to secure any bonds issued by them tor the purpose of
constructing and equipping their road: providéd, the said
issue of bonds shall never exceed in amount the capital stock
actually paid in.
3. The said corporation shall have power to purchase and
hold such real estate as may be necessary for the proper and
successful carrying on of the purposes and business of the
said company; and shall have the powers, and be subject to
the restrictions contained in the fourth, fifth, seventeenth,
eighteenth, nineteenth, twentieth and twenty-first sections of
chapter fifty-six of the Code of Virginia of eighteen hundred
and sixty.
4, The said company shall keep the streets of Charlottes-
ville, upon which their tracks are laid, in good repair, for the
entire width between the rails thereof and for a space of one
foot on each side; and should they fail or neglect so to do,
after five days’ notice in wr iting frem the mayor and council,
the proper repairs may be made by the town authorities, as
aforesaid, at the expense of the company.
5. The said company shall, at all times, have free and un-
disturbed use of their railway, depots, cars, fixtures and other
property; and if any one shall unnecessar ily, wilfully or ma-
liciously injure or destry the same, or obstruct them or their
agents in the use thereof, or impede or obstruct the passing
of cars and carriages used in the business of the company,
he shall be liable to a fine not exceeding one hundred dollars;
and if the said company, or its agents or servants, shall wil-
fully or maliciously obstruct any street or highway, or pre-
vent the passage of any vehicle or carriage over such streets
or highway, except so far. as may be necessary in the con-
struction or maintenance of their tracts, and the operation
of their cars, the company shall be liable to a fine not ex-
ceeding one hundred dollars. o
6. The company shall manage its business by means of a
board of not less than five directors, to be elected by the
stockholders from time to time as the by-laws shall provide.
The board of directors shall elect one of their number presi-
Jent, and shall appoint the officers of the company, fixing.
heir duties and compensation, and requiring bond with secu-
ity from any of them in their discretion. ~The board shall
iso frame by- -lawsMor the government of the corporation,
sybject to be altered by the stockholders i in general meeting;
and shall fix from time to time the rates of compensation for
transporting persgns and property over their road, so that
the rate per passenger shall not exceed twenty cents from
one, terminus to the other, or for a less distance.
7. General meetings of the stockholders shall be convened
by order of the board of directors, or upon the request in
writing of any number of stockholders, holding in the aggre-
gate not less than one hundred shares, and in such meetings
every share of stock represented shall be entitled to one
vote. No one shall vote or take part in such meetings unless
he. shall have paid one dollar on each share of stock sub-
scribed by him; and if the money which any stockholder has
to pay upon his shares be not paid as required by the board
of directors, the proceedings to secure the same shall be as
directed by sections twenty-one, twenty-two and twenty-
three of chapter fifty-seven of the Code of Virginia of eigh-
teen hundred and sixty.
8. This act’shall be in force from its passage, and shall be
subject to amendment, modification or repeal, at the pleasure
of the general assembly. |