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 | 1899/1900 |
---|---|
Law Number | 24 |
Subjects |
Law Body
Chap. 24.—An ACT to incorporate the Snickersville telephone company.
Approved January 11, 1900.
1. Be it enacted by the general assembly of Virginia, That Fugene
Hawling, ©. H. Oshurn, J. A. Lynch, A. J. Simpson, J. B. Thomas.
George FE. Plaster, junior, Doctor H. G. Plaster. Doctor C. B. Turner, A
C. Bell, their associates and successors, be, and they are hereby, consti-
tuted a body politic and corporate, under the name of the Snickersville
telephone company, and by that name may sue and be sued in all the
courts of law and equity; mav make, have, and use a common seal, which
it may alter at pleasure, and shall have and exercise all the rights and
privileges and powers pertaining to a hody corporate, and necessary and
proper for the transaction of the business of this company, and it shall
have the power to make, adopt, and enforce all by-laws, rules, and regu-
lations for the management and preservation of its property and for the
conduct of its business not inconsistent with the laws of this state.
2. The said company may conduct a general telephone business and
may acquire, construct, maintain and operate telephone lines, and mav
establish and maintain offices and agencies in the county of Loudoun, and
town of Snickersville and in other counties and towns of this state, and
mav construct and maintain its Jines along any of the public roads and
highways therein without obstructing the same, and along the roads
and streets of the towns therein, with the consent of the proper authori-
ties of said towns and counties, and also through any private lands with
the consent of the owner thereof: provided, however, that no part of any
public highway in any countv shall be occupied without the consent of
the adjacent landowners be first acquired; and said company mav unite
with or contract with any other telephone company for the purpose of
conducting or enlarging its business; and mav subscribe for, acquire, and
hold stock in any other corporation. It shall have power to issue bonds
and borrow money and mortgage its property to secure bonds executed
by it; its principal office shall be in the town of Snickersville, Virginia.
3. The capital stock of said company shall not be less than three
hundred dollars ($300.00) nor more than five thousand dollars
($5,000.00), to be divided into shares of ten dollars ($10.00) each,
which may be paid for in money, in lines of telephone already erected,
in labor, materials, or other property, at such prices and on such terms
as the board of directors may settle and fix. Each share of stock shall
be entitled to one vote in all meetings of the stockholders, and no stock-
holder shall be liable or made responsible for the debts or liabilities
of the company for more than the amount unpaid on the stock held by
him; and any other corporation may subscribe for and acquire and hold
stock in this company only with the consent of the board of directors
of this company, evidenced of record.
4. The officers of this eompany shall he a president, vice-president, a
secretary and treasurer (which last named office mav be held by one
person), who shall be ex officio a member of the board of directors, and
not less than nine directors, including the president and vice-president,
who shall also be ex officio members of the board of directors. The
president, vice-president, secretary, and treasurer and directors shall
he chosen by the stockholders in annual meeting at such time as may
be fixed by the board of directors. All vacancies in office shall be filled
for the unexpired term by the board of directors, who shall have full
power to fill such vacancies and generally to manage and conduct the
affairs and business of the company by its officers, agents, and employees.
Seven members of the board of directors shall constitute a quorum for
the transaction of business.
5. This company may hold land not exceeding fifty acres in extent
and five thousand dollars ($5,000.00) in value.
6. The persons named in the first section of this act shall be held
sufficient, and they are hereby constituted a corporation dulv organized
under laws of this state: and the officers thereof for the first year and
thereafter until their successors shall be duly elected and qualified shall
be Eugene Hawling, president; Doctor C. B. Turner, vice-president; C.
H. Osburn, secretary and treasurer; and the directors, A. J. Simpson,
J. A. Lynch, J. B. Thomas, George E. Plaster, junior, Doctor H. G.
Plaster, all of whom are residents of the county of Loudoun, and A.
C. Bell, a resident of Clarke county, Virginia.
7. This company shall pay all taxes and dues to the commonwealth of
Virginia in lawful money of the United States and not in coupons.
8. This act shall be in force from its passage.