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 | 1897/1898 |
---|---|
Law Number | 144 |
Subjects |
Law Body
Chap. 144.—An ACT to incorporate the Chesapeake and Hampton Roads railway
company.
Approved January 25, 1898.
1. Be it enacted by the general assembly of Virginia, That George
Booker, John L. Watson, R. G. Bickford, Joseph T. Lawless, R. C.
Marshall, R. M. Lett and L. H. Sclater, or such of them as may accep
the provisions of this charter, and such other persons as may be asso
ciated with them, be, and thev are hereby, constituted a body politi
and corporate, under the name and style of the Chesapeake and Hamp
ton Roads railway company.
2. The capital stock of the said company shall not be less than te
thousand dollars nor more than three hundred thousand dollars, to b
divided into shares of twenty-five dollars each.
3. The said company shall have the power and authority to locate
construct, equip, maintain and operate a railroad, having for its begin
ning any point at, near or in the city of Newport News that the sai
company may select; thence along such route as the said company ma
deem most expedient to the town of Hampton; thence through sai
town; thence along such route as the said company may deem most ex
pedient to Fort Monroe, with full power and authority to said compan
to locate, construct, equip, maintain and operate lateral or branch road
not exceeding ten miles in length, and to erect and operate telegraph an
telephone lines along its routes. The said company is hereby empown
ered to use the streets of Hampton and of the city of Newport News b
and with the consent of the respective councils of the said town an
city, or a majority thereof; and may use the public roads of the countie
of Elizabeth City and Warwick by and with the consent of the count
court of the said counties, and subject to such conditions, limitation
and restrictions as such courts may impose, and upon making comper
sation in the manner prescribed by law to abutting property owners.
4. The said company shall have power and authority to transpo
passengers, baggage, freight, and mail of the United States, and t
charge and collect fares and tolls for the same; and it may use horses
mules, steam or electricity, or any motive power now known or here
after to be discovered to propel its cars.
5. The said company shall have the power and authority to con
mence the construction of its road at any point on its route which »
may determine upon, and it may use and operate the same from th
time it shall have been commenced. It shall have power and authorit
to cross any other railroad, now or hereafter constructed, upon th
terms and in the manner prescribed by the general law for one work «
internal improvement crossing another, and it may unite or connect wit
any railroad, now or hereafter constructed, upon such terms as may t
agreed upon with said railroad: provided, however, that the said con
pany shall not cross the track of any railroad which may now be op
rated by steam at grade within the corporate limits of the city of New
port News.
6. The said company shall have power and authority to acquire b
donation, purchase, lease or condemnation according to law, and to u]
hold and improve all land which it may deem necessary for rights of 11
road, and for stations, depots, power-house and terminal facilities: pr
vided, that in no case shall it own more than forty acres of land exclt
sive of rights of way.
7. The said company shall have power and authority to lease its sai
road or any part thereof; to borrow money for the use of the corpor:
tion; to issue its bonds or notes for the same, and to secure the paymer
thereof by deeds of trust or mortgages on any or all of its property and
franchises.
8. The said incorporators, or any three of them, may, at any time
and place which it may deem proper, and with or without a previous
advertisement thereof, receive subscription to the capital stock of the
said company. Subscriptions to said capital stock may be paid in cash,
real or personal property, services, leases, options or rights of way at
such valuation as may be determined upon by the incorporators and
the subseriber. When the minimum amount of the capital stock
shall have been subscribed the subscribers and incorporators shall meet
at any time and place convenient to themselves, and elect such officers
as may be necessary, in their opinion, for the conduct of the business
of the company, and thereupon they shall have and exercise all the
powers and functions of a corporation under this charter and the laws
of this commonwealth.
9, The said company shall commence the construction of its road
within two years, and complete the same within five years from the
passage of this act.
10. All taxes due by the said company shall be paid in lawful money
of the United States and not in coupons.
11. This act shall be in force from its passage.