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 | 1889/1890 Private Laws |
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Law Number | 101 |
Subjects |
Law Body
Chap. 101.—An ACT to amend and re-enact the second section of
an act entitled *‘An act to incorporate the Portsmouth water
company,” approved February 15, 1879, as amended and re-
enacted by an act approved February 27, 1879, entitled an act to
amend and re-enact the second section of an act entitled an act
to iscorporate the Portsmouth water compauy, approved Feb-
ruary 15, 1879.
Approved Janunry 25, 1890.
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1. Be it enacted by the general assembly of Virginia,
That the second section of an act approved February
fifteenth, eighteen hundred and seventy-nine, entitled an
act to incorporate the Portsmouth water company, as
amended and re-enacted by an act approved February
twenty-seventh, eighteen hundred and seventy-nine, be
amended and re-enacted so as to read as follows:
2. The purposes and objects for which said company or
its successor 18 incorporated, and which it or its successor
is authorized to effect, are the construction on any plan
that may be approved of—reservoir, force-pumps, engines,
and any and all fixtures and appurtenances necessary
therefor, and the laying of pipes, main and lateral, to con-
vey water from Lake Drummond or from the Dismal
Swamp canal, or from Deep creek, in Norfolk county, or
from such other points as may be deemed most suitable,
into the city of Portsmouth and the Gosport navy-yard
and the United States naval hospital, and into such other
place or places in the counties of Norfolk and Nansemond
and adjacent counties as may be deemed suitable.
3. And said company or its successor shall have the
right to contract with the proper authorities of such coun-
ties, and any of them, for the supply of water to public
buildings, and to any portions of such counties as may
lie outside the limits of any municipal organization, and
to the inhabitants thereof, and to any person, persons, or
corporation, municipal or otherwise, in the said counties
of Norfolk and Nansemond and adjacent counties; and
the said company or its successor shall have the power to
procure supplies of water from any place or places in such
counties.
4. It shall be lawful for said company or its successor
to merge, consolidate, or amalgamate with any other water
company or companies formed or existing in said counties,
and to acquire the property, rights, contracts, and fran-
chises of the same subject to the payment of their debts
upon such terms as may be agreed upon, and to lease its
own property, or parts of the same, to such companies,
and to lease from such companies their property, or any
part thereof; and said company or its successor shall also
have the power to issue preferred stock: provided that the
whole issue of stock, common and preferred, shall not
exceed five hundred thousand dollars. And for these pur-
poses the said company or its successor shall have all the
grants, rights, privileges, and franchises necessary to carry
into effect its purposes, objects, and intents.
5. This act shall be in force from its passage.
CuHaP. 102.—An ACT to empower the council of the town of
Suffolk to borrow money and issue bonds therefor.
Approved January 25, 1890.
1. Be it enacted by the general assembly of Virginia,
That the council of Suffolk be, and they hereby, are au-
thorized to borrow for said corporation, in addition to the
amount now authorized by law, for the purpose of improv-
ing, enlarging, and rebuilding the market-house and town
hall in said town, and for such other purposes of the said
town as the council may deem necessary, a sum of money
not exceeding thirty thousand dollars by the issue and
sale of the bonds of the said corporation.
2. The said bonds shall be registered or coupon; shall
be issued in such denominations as said council shall
prescribe, and shall bear interest at a rate not to exceed
six per centum per annum, payable semi-annually. The
principal of said bonds shall be payable twenty years
after their dates. The said bonds shall be signed by the
president of the council, attested by the clerk of the
council of said town, with the corporate seal attached,
and shall be sold and negotiated in such manner and upon
such terms as the council shall prescribe: provided that
said bonds shall not be sold for less than their par value.
3. The council of said town shall have power to make
annual appropriations out of the revenue of the corpora-
tion to pay such interest and to provide a sinking fund
for the redemption of said bonds.
4. All acts or parts of acts inconsistent with this act
are hereby repealed.
5. This act shall be in force from its passage.
CHapPp. 103.—An ACT to incorporate the Waverly alliance
hypothecation warehouse.
Approved January 25, 1890.
1. Be it enacted by the general assembly of Virginia,
That H. F. Scott, John D. Owen, G. W. Jackson, R. T.
West, J. T. Little, F. R. Brown, L. I. Dobie, J. M. Hunni-
cutt, W. B. West, M. N. Emory, S. V. Ellis, F. M. Inman,
C. S. Parsons, C. C. Richardson, and A. J. Chappell, their
associates and successors, be, and are hereby, created a
body politic and corporate under the name of the Waverly
alliance hypothecation warehouse, for the conduct of a
general storage and hypothecation warehouse business, in
all of its departments, and the buying and selling of pea-
nuts, fertilizers, grain, hay, farming implements, and
other agricultural supplies.
2. The maximum capital stock of said company shall be
fifteen thousand dollars, and the minimum capital shall
be fifteen hundred dollars, divided into shares of ten dol-
lars each.
3. The said company may acquire, hold, sell, and con-
vey so much real estate as may be necessary to transact
the business, not to exceed five acres at any one time.
4. The place at which the principal office of the com-
pany shall be kept, and its chief business transacted,
shall be in the town of Waverly, Sussex county, Virginia.
5. The names and residences of the officers who for the
first year are to manage the affairs of the said company
areas follows: H. T. Scott, president, Waverly, Virginia;
G. W. Jackson, vice-president, Yale, Virginia; J. T. Little,
secretary, Carsley, Virginia; R. T. West, treasurer, Waverly,
Virginia; John D. Owen, manager, Waverly, Virginia; C.
C. Richardson, director, Waverly, Virginia; C. I. Parsons,
director, Waverly, Virginia; S. V. Ellis, director, Waverly,
Virginia: W. B. West, director, Waverly, Virginia: F. R.
Brown, director, Littleton, Virginia; J. M. Hunnicutt,
director, Sussex courthouse, Virginia; A. J. Chappell,
director, Sussex courthouse, Virginia; L. I. Dobie, direc-
tor, Yale, Virginia; M. N. Emory, director, Carsley, Vir-
ginia; F. N. Inman, director, Belshes, Virginia.
6. Other persons than those above named may be asso-
ciated with them by subscribing for shares or otherwise
becoming stockholders of the said company in such man-
ner as may be prescribed by its by-laws.
7. The said company shall have power and authority to
receive on storage or deposit all kinds of merchandise and
personal property for safe keeping, shipment, or sale, and
may make advances in money or supplies thereon, and
may transact all kinds or business usually transacted by
warehousemen; and may collect and receive compensa-
tion for storage, and all labor and expenses incidental
thereto, including the expense of receipts and delivery,
insurance and custody on all property received on storage
or deposit, at such rates and upon such terms as may be
agreed upon between the company and the owners of the
property or their agents; and all advances made by the
company on property received on storage or deposit and
compensation for all charges and expenses thereon, shall
be a lien on said property, which shall be satisfied and
paid before the company can be called on for the delivery
of the same.
8. For property lawfully received by the company on
storage or deposit the receipt or certificate of the company
shall be given, binding the vompany to deliver the same
to the party in whose favor the receipt or certificate is
given, or his assignee on payment of. all dues to the com-
pany for which the property is Jiable, which receipt or
certificate shall be negotiable unless otherwise endorsed
thereon, and by endorsement or assignment and delivery
thereof shall transfer the title to the property therein
mentioned and described to the holder of the receipt or
certificate. The holder of the certificate or receipt shall
be entitled to receive the property from the company on
delivery of the certificate or receipt properly endorsed, and
paying the company whatever may be due on the property
for advances, charges, insurance, storage, labor, and
expenses, with interest thereon, if any shall have accrued.
All advances made by the company shall be endorsed or
stated on the receipt or certificate given for the property
on storage and deposit; and after the receipt or certificate
is given or issued no advances on property for which it is
given shall be made by the company, except upon its re-
turn to the company and endorsement be made as afore-
said. In the eventof the loss or destruction of the receipt
or certificate given by the company for property on storage
or deposit, the bona fide holders of such receipt or certifi-
cate at the time of its loss or destruction, his personal
representative or assigns, shall have the same right to
receive the property from the company that he or they
would have had on the receipt of the certificate or receipt
on proof of the loss or destruction thereof, and delivery
to the company of the proper bond of indemnity, with
security satisfactory to the company.
9. When from any cause the property on storage or
deposit with the company shall so decrease in value as, in
the opinion of the company, to render the lien on said
property doubtful security for advances, charges, storage,
insurance, and expenses due the company, or when any
property has been left on storage or deposit, and the
advances, charges, storage, insurance, and expenses there-
on have not been satisfied and paid at such times as may
be required by the regulations established by the com-
pany for the conduct of its business, it shall be lawful for
the company to give notice to the party entitled to said
property personally, or by mailing the notice, postage pre-
paid, to him or his agent, at his usual or last known resi-
dence or place of business, requiring the party, within ten
days after the receipt of the notice, to pay to the company
all such advances, charges, storage, insurance, and
expenses, with any interest which may have accrued there-
on. And within ten days after the personal service or
mailing the notice the same be not paid, it shall be lawful
for the company to sell such property at public sale, upon
such terms as to the company shall seem best for the inte-
rest of all concerned; and after receiving the amounts
due the company and paying the cost of sale, the company
shall pay over the balance of the proceeds of sale to the
party entitled thereto on his surrender of the receipt or
certificate given for the property. If the holder of the
receipt or certificate be unknown, the notice heretofore
required may be given to the party to whom it was issued,
or to his personal representative: provided, however, that
nothing in this section shall be construed to prevent the
said company from making any such sale at such earlier
time and in such manner as may be provided in any con-
tract or agreement made by any person or persons with
said company.
10. It shall be lawful for the company from time to
time to borrow such sums of money as may be necessary
to carry out the provisions of this charter, and to issue
and dispose of their promissory notes or bonds for the
amount so borrowed ; and may mortgage, pledge, or hy pothe-
cate, by deed or otherwise, any part of their corporate pro-
perty and franchises to secure the payment of such notes
or bonds.
11. The stockholder in general meeting shall make and
establish such by-laws, rules and regulations not incon-
sistent with the laws of the state of Virginia or of the
United States, as they may deem proper for the manage-
ment and control of their affairs and business and gov-
ernment of their officers, agents, clerks, and other em-
ployees, which shall be binding on themselves and all
persons in the employment of the company.
12. The annual meeting of the said company shall be
held at such time and place as is now established, or as
the board of directors may hereafter determine; and at
each annual meeting hereafter held the stockholders
shall elect ten or more members of their number to con-
stitute a board of directors, to remain in office until the
next annual meeting after their election or until their
successors are elected.
13. Subject to the by-laws, rules, and regulations of the
stockholders, the board of directors shall have the man-
agement and control of the affairs and business of the com-
pany. From their own body they shall elect a president,
vice-president, secretary, and executive committee for
their own body, and prescribe the duties of each. They
shall appoint such officers, agents, and clerks as they may
find necessary for the management of the business of the
company, and require such bonds for the faithful perform-
ance of their duties as may seem proper. Any three mem-
bers of the board shall constitute a quorum for the trans-
action of business. The several stockholders hereinbefore
named as the present officers of the company shall con-
tinue as such until the next annual meeting or until their
successors are elected subject to the by-laws of said com-
pany.
14. All taxes due at any time by said company shall be
paid in lawful money of the United States and not in
coupons.
15. This act shall be in force from its passage.