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 | 835 |
Subjects |
Law Body
Chap. 835.—An ACT to incorporate the Herndon and Leesburg telephone
and telegraph company.
Approved March 6, 1900.
1. Be it enacted by the general assembly of Virginia, That E. L.
Roby, B. B. Detwiler, J. S. Webster, J. T. Jones, M. M. Fadley, EB. L.
Detwiler, and such others as they may associate with them, their suc-
cessors and associates, be, and they are hereby, constituted a body politic
and corporate, under the name of the Herndon and Leesburg telephone
and telegraph company, and by that name may sue and be sued in all
the courts of law and equity; may make, have, and use a common seal,
which it may alter at pleasure, and shall have and exercise all the
rights, privileges and powers pertaining to a body corporate and neces-
sary 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
and rules, regulations, and so forth, necessary 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 and telegraph
business, or both, and may acquife, construct, maintain, and operate
telephone and telegraph lines, and may establish and maintain offices
and agencies in the counties of Fairfax and Loudoun and in other
counties and towns and cities of this state, and may construct and main-
tain its lines along any of the public roads and highways therein without
obstructing the same, and along the streets and alleys of the towns
and cities therein with the consent of the proper authorities of said
towns, cities and counties, and also through any private lands with
the consent of the owner or owners thereof. Said company may and
hereby have the right to acquire rights of way for its lines across or
parallel with railways, canals, or other public roads or highways by
purchase: provided, however, that it be not inconsistent with the laws
of this state, and said company may unite with or contract with any
other telephone or telegraph company for the purpose of enlarging or
conducting its business, and may 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 offices shall be in the town of Herndon, Virginia.
3. The capital stock of said company shall not be less than one hun-
dred nor more than five thousand dollars, to be divided into shares of
ten dollars 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 stockholder shall be liable or made responsible for
the debts or liabilities of the company for more than the amount un-
paid on the stock held by him; and any other corporation may sub-
scribe for, acquire, and hold stock in this company only with the con-
sent of the board of directors of this company evidenced of record.
4. The officers of this company shall be a president, vice-president,
a secretary, and treasurer (which last named offices may each be held
by the same person). There shall also be a board of directors, consist-
ing of six (6) stockholders, of which the president, vice-president, and
secretary and treasurer shall constitute a part. Said officers and board
of directors shall be chosen annually from among the stockholders of
said company, assembled for that purpose in the town of Herndon,
Virginia. An executive committee, consisting of three members, shall be
appointed annually by the president, of which he shall be a member and
chairman. 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. Four (4) 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 in value.
6. The persons named in the first section of this act shall be held
sufficient, and they are hereby constituted a corporation duly organized
under the laws of this state; and the directors thereof for the first year,
and thereafter until their successors shall be duly elected and qualified,
shall be E. L. Robey, M. M. Fadely, J. S. Webster, E. L. Detwiler, J. T.
Jones, and B. B. Detwiler, who shall meet as soon as this charter is
granted and elect the required officers from their own body, the date
of which meeting shall be the date of future annual meetings.
?. 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.