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 | 273 |
Subjects |
Law Body
Chap. 273.—An ACT to Incorporate the Pittsylvania and Patrick Railroad
Company.
Approved March 30, 1871.
1. Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books of subscription, at Pittsyl-
vania courthouse, under the superintendence of John L. Hurt,
R. W. Martin, J. H. Hargrave, Wm. M. Treadway, junior, and
J. A. Lovelace; at Berger’s store, under the superintendence
of Clack Stone, Crispin Dickinson, W. A. J. Finney, Joab
Watson, Walter Coles, F. L. W. Graves, and George T.
Berger; at Union Hall, in the county of Franklin, under the
superintendence of Benjamin Williams, Stephen D. English,
Johnson Clemens, Wm. Powell, and Henry Dudley; at Rocky
Mount, under the superintendence of G. H. T. Greer, Robert
A. Scott, Wm. T. Taliaferro, Geo. E. Dennis, G. N. B. Hale,
and F. S. Hutcherson; at Callaway’s store, under the superin-
tendence of Peter Saunders, junior, Stephen Willis, J. S. Cal-
laway, John T. Cannady, and Robert H. Saunders; .at Patrick
courthouse, under the superintendence of Charles P. Nolen,
W. T. Thomas, W. L. Ross, Thomas D. Rover, 8. G. Staples,
W. T. Noel, H. W. Reynolds, and J. T. Clark, for the capital
stock of a company under the corporate name of The Pittsyl-
vania and Patrick Railroad Company, for the purpose of con-
structing a railroad from some point on the Lynchburg and
Danville Railroad, between Staunton river and Pittsylvania
courthouse, through the county of Franklin, near Rocky Mount,
to or near Taylorsville, in the county of Patrick, which said
road may be of the guage generally in use on Virginia rail-
roads, or may be constructed in the manner known as the
narrow guage railroad. And the said railroad company shall
have power to extend their road from some point in the county
of Patrick, to some point on the North Carolina line, to be
agreed upon by a majority of the stockholders of the said
railroad company. Any three commissioners appointed at
each place, respectively, may act as if alone named; and the
commissioners are authorized to receive subscriptions, in their
discretion, from individuals and corporations domiciled either
in or out of this state; and are further authorized to receive
subscriptions payable in money, labor (to be done on said road),
material (that may be used in its construction), or land; any
subscription, other than money, to be at such price and paya-
ble at such times as may be agreed upon between the commis-
sioners and subscribers.
2. That it shall be lawful for the county courts of Franklin
and Patrick counties, or the township board of any township
in the said two counties, to order an election, inthe mode pre-
scribed by law, to take the sense of the legal voters of such
county or township on the question whether such county or
township shall subscribe to the stock of said Pittsylvania and
Patrick railroad company.
3. That the capital stock of said company shall not be less
than twenty thousand dollars, and not more than three hundred
thousand dollars, to be divided into shares of ten dollars each.
Whenever the said first mentioned amount shall be subscribed,
the subscribers shall be and are hereby declared a corporation
by the name, and for the purposes mentioned in the first sec-
tion of this act, and have tull power to effect the same, and is
subject to all general laws applicable to such corporations
not in conflict with this act.
4, That the company may borrow such sums of money as
it may deem necessary for the construction and business of its
road, and may execute liens upon its property, franchises, and
revenues, to secure payment of principal and interest of such
loans.
d. This act shall be in force from its passage.