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 | 1870/1871 |
---|---|
Law Number | 188 |
Subjects |
Law Body
Chap. 188.—An ACT to Incorporate The Rockingham Home Mutual: Fire
Insurance Company.
Approved March 23, 1871.
1. Be it enacted by the general assembly of Virginia, That
William Sanfley, Edward 8S. Kemper, Joseph B. Webb, Samuel
Good, Jonathan Miller, Peter Showalter, Isaac Long, and
George W. Kemper, and all others who may be hereafter asso-
ciated with them in the manner hereinafter provided, and their
successors, be and they are hereby declared to be a body politic
and corporate, by the name and style of The Rockingham
Home Mutual Fire Insurance Company; and by that name
may sue and be sued, plead and be impleaded with, in all the
courts of law and equity in this state, or elsewhere, and have
perpetual succession; to have, make out, and use a common
seal, and the same to break, alter, or renew at pleasure, to or-
dain and publish such by-laws, ordinances and regulations as
they think proper and wise; and generally to do every act
and thing necessary to carry into effect this act, or to promote
the object and designs of this corporation: provided, that such
by-laws, ordinances, regulations or acts be not inconsistent
with the laws of this state or of the United States.
2. To make insurance. upon dwelling houses, stores, and all
other buildings, in town or county, and upon household furni-
ture, merchandize and other property, against loss or damage
by tire.
3. That William Sanfley, Joseph B. Webb, Samuel Good,
Jonathan Miller, Peter Showalter, Isaac Long, and George W.
Kemper shall be the directors of said company till otherwise
appointed by the stockholders, of whom William Sanfley shall
be president, and Edward S. Kemper, secretary; and the said
president, secretary and directors shall continue in office until
their successors are elected. In case of a vacancy in the office
of president, secretary or director, from any cause, the remain-
ing directors may elect others to supply their places until a
meeting of the stockholders shall be held. Four of said direc-
tors shall constitute a quorum for any and all business pur-
poses of said company. .
4, There shall be an annual meeting of the company, for the
election of directors, at such time and place as the directors
may appoint. The said directors, so elected, may, as soon as
proper, elect a president and secretary from among their num-
ber; and the said president, secretary and directors shall con-
tinue in office until their successors are similarly elected. At
any meeting of said company, twenty members, represented
in person or by proxy, sball constitute a quorum for the trans-
action of business at such meeting: provided, that at the
annual meeting of said company for*the election of officers, a
majority of the members thereof, in person, or represented by
proxy, shall constitute a quorum tor such election. In all
meetings of said company, each member shall be entitled to
one vote for the first one thousand dollars, or fractional part
thereof of the amount, in which the property of such member
is insured, and one vote for every additional one thousand
dollars of such amount: provided, that no member shall be
allowed a vote for any fractional part above the first one thou-
sand dollars.
5. All persons subscribing to this charter of incorporation,
and pledging themselves to be governed by any constitution,
by-laws, regulations, or requirements adopted by said com-
pany, in pursuance thereof, their executors, administrators and
assigns, and vendees continuing to be insured therewith, shall
thereby become members of said company during the time
they shall remain insured therein, or until they shall withdraw
from the company in accordance with its prescribed regula-
tions. .
6. The members of the company shall not be liable for any
loss, damage or responsibility, other than that each member
shall be bound to contribute to the necessary expenses of the
company, in proportion to the amount for which his property
is insured; and shall be bound to pay in the same proportion,
to the proper officer of the company, the losses sustained by
fire, by any fellow member of the company.
7. Whenever a loss is sustained by a member, the president
shall immediately convene the board of directors; and upon
proper and full proof of such loss, shall thereupon assess such
pro rata sums upon all the members of said company, as is
necessary to pay all such loss, and collect from each member,
at such time or times, and in such proportions, as it may be
called for, by said president and directors; and if any member
shall fail to pay the same so called for, it may be recovered
upon motion, atter twenty days’ notice in writing, in any court
of record.
8. This act shall be in force from its passage.