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 | 1871/1872 |
---|---|
Law Number | 377 |
Subjects |
Law Body
Chap. 377.—An ACT to Incorporate the Norfolk end Princess Anne Turn-
pike Company.
Approved March 26, 1872.
1. Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books under the direction of
Richard L. Page, Robert L. Owens, C. D. Barbot, Wm. L.
Oswald, H. D. Van Wyck, G. F. B. Leichton, Geo. E. Crom-
well, Jno. B. Whitehead, Edmond Bradford, C. W. Wilson,
Wm. H. White and Jas. H. Harrison, and such other person
or persons as any three of the above named persons may ap-
point, and at such time and place as they may select, for the
purpose of receiving subscription to a jut capital stock, not
exceeding inthe whole twenty-tive thousand dollars, to be divided
into shares of twenty-five dollars each, for the purposeof con-
structing a turnpike road from the limits of the city of Norfolk at
the point of intersection of the Princess Anne road with Church
street to Kempsville or the poimt or points hereinafter desig-
nated or implied.
2. When five thousand dollars shell have been subseribed,
the subscribers, their executors, administrators and assiens
shall be and they hereby are incorporated into a company by the
name and style of the Norfolk and Princess Anne Turnpike
Company, subject to the provisions of chapters fifty-six and
sixty-one of the Code of Virginia (edition of eighteen hundred
and sixty), except so far as modificd by this act: provided, that
the said subscriptions shall be paid in as may be required by
the board of directors when organized.
3. The said company shall have the privilege in making said
road or any part thereof, to use gravel, rock, sand, oyster shell,
plank or any other material which to them shall seem most
expedient, and shall, in the construction of the same, be privi-
leged to provide open ditches on either side of said road.
The said company shall be, and they are hereby authorized to
erect a gate or gates across said rond at such points as they
deem expedient, and to charye the following tolls, viz: for sin-
gle horse vehicles, not exceeding two cents per mile, and a
proportionate toll for all other vehicles or animals, the said tolls
to be charged so soon as the said road is completed to that
point on said road, known as “ Moore’s Bridges,” or so soon as
one wagon way or tract shall be completed of plank or other
material to the said Moore's Bridges, and on every succeeding
mile thereto as it may be completed.
4, The said company in constructing said turnpike or road
shall have the right to use the bed of the public road known as
he Princess Anne road, and the said company shall have the
control of the entire width of said road so far as they may
xxtend the said turnpike or road along the line of the same.
5. That said company are hereby authorized to build lateral
yr branch roads in any direction not exceeding ten miles each,
und for such purpose may open books of subscription at such
places and times and such regulations and persons as the board
of directors may prescribe.
6. That it shall be lawful for said company to issue, as part
of its capital stock, bonds to the amount of fifteen thousand
dollars, each bond for the sum of one hundred dollars, payable
in ten years and bearing interest at the rate of eight per cent.
per annum, payable semi-annually, and to secure the payment
of the said bonds and the interest thereon by a deed of trust
on the said road and its appurtenances and franchises.
7. The said company is hereby authorized to receive and
hold land or other species of property in payment of subscrip-
tions to the capital stock, and to convey and otherwise dispose
of the same: provided, that they shall not at any one time hold
more than two thousand acres of land in any one county.
8. That when the said company shall have constructed such
or any lateral or branch road, as provided for in section five of
this act, that it shall be and is hereby made lawful for the said
company to increase their capital stock five thousand dollars
for each mile, and a proportionate sum for any part of a mile.
9. All acts or parts of acts inconsistent with this act are
hereby repealed.
10. This act shall be in force from its passage.