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 | 1924 |
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Law Number | 297 |
Subjects |
Law Body
Chap. 297.—An ACT to amend and re-enact section 3879 of the Code of Virginia,
as amended by an act approved March 15, 1922, which section is in chapter
151 of the said Code on the subject of the creation of non-stock saad errs
Approved March 20, 1924.
1. Be it enacted by the general assembly of Virginia, That section
thirty-eight hundred and seventy-nine of the Code of Virginia, as
amended by an act approved March fifteenth, nineteen hundred and
twenty-two, be amended and re-enacted so as to read as follows:
Section 3879. Active and honorary members; voting power.—Cor-
porations created under this chapter may provide in the certificate of
incorporation or by its by-laws for both active and honorary members,
and may restrict the voting power at the meeting of the corporation to
its active members. Each meeting of such corporation, or of any cor-
poration heretofore organized under any charter heretofore granted by
any court or by the general assembly and authorized to do any act, to
conduct any business, or to carry on any object or purpose permitted
under section thirty-eight hundred and seventy-two of this Code, having
voting power under its charter or by-laws or otherwise shall be entitled
to one vote in person or by proxy in the meetings of the corporation.
If there be no members having voting power under its charter or by-
laws or otherwise, then the entire voting power shall be vested in the
trustees, directors or managers who may take any lawful action for or
on behalf of the corporation, which might be taken by members having
such voting power, or by stockholders and directors under any section
of this chapter, or by both.
But it is hereby expressly provided that in cases of corporations or-
ganized for memorial or commemoration purposes even though the vot-
ing power of such corporation now existing or hereafter created by a
certificate of incorporation or by-laws is vested in trustees, directors or
managers, each person contributing as much as fifty dollars ($50.00) to
such corporation or his personal representative if he be dead, shall be
considered an active member and entitled to one vote by person or by
proxy at any meeting called as provided herein and upon request in
writing requiring it, signed by not less than ten of such contributors or
their personal representatives, addressed to the president or other chief
executive officer he shall be required to call a meeting of all contributors
to be held at some place in the county or city where is located the en-
terprise being conducted by it, upon notice by weekly publications for
four successive weeks in some newspaper published in such county or
city and at any such meeting the contributors attending in person or by
proxy who have contributed as much as fifty dollars ($50.00) shall con-
stitute a quorum, and by a majority vote of those present at the meeting
in person or by proxy they may enact or change by-laws of the corpora-
tions and elect the officers, trustees, directors or managers thereof and
change the number of such officers, trustees, directors or managers, and
the officers, trustees, directors or managers thus elected shall hold office
for one year from date of election and until their successors are elected
and qualified. Any by-law adopted at such meeting or amendmentfof
any by-law, if not in conflict with law, shall be valid, anything in the
charter or by-laws of any such corporation now existing or hereafter
created to the contrary notwithstanding.