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 | 1902/1904 |
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Law Number | 442 |
Subjects |
Law Body
Chap. 442.-An ACT to amend and re-enact section 14 of chapter 1 of an act en-
titled "an act concerning corporations," which became a law May 21, 1903.
Approved December 12, 1903
1. Be it enacted by the general assembly of Virginia, That section
fourteen of chapter one of an act entitled “an act concerning corpora-
tions,” which became a law May twenty-first, nineteen hundred and three,
be amended and re-enacted so as to read as follows:
$14. Every corporation incorporated under the provisions of this
chapter and of chapters three and four of this act, and every corporation
of the same or similar general class or nature heretofore incorporated by
the general assembly or under the laws of this State, shall, after each
annual meeting of its stockholders, certify to the clerk of the circuit court
of the county, or the clerk of the circuit, corporation, or chancery court
of the city, wherein is located its principal office, a list of the officers and
directors of such corporation elected at said annual meeting, and it shall
be the duty of the clerk of the circuit court of said county, or of the clerk
of the circuit, corporation, or chancery court of said city, to keep a file of
such certificates, which shall be open to public inspection; and the clerk
of such court shall be entitled to a fee of twenty-five cents for filing such
certificate, to be paid by the said corporation; and every such corpora-
tion, all of the officers and directors of which are non-residents of the
city or county in which its principal office is located, shall, at the same
time annually, by written powcr of attorney, appoint some practicing at-
torney at law residing in the city or county wherein the principal office
of said corporation is located, its attorney or agent upon whom all legal
process against the corporation may be served, and who shall be author-
ized to enter an appearance in its behalf. Such power of attorney shall
he recorded in the clerk’s oflice of the circuit court of the county, or of the
clerk’s office of the circuit, corporation, or chancery court of the city,
wherein the principal office of said corporation is located. Any such cor-
poration failing to comply with the provisions of this section within sixty
days after its annual meeting shall be fined not less than fifty dollars nor
more than one hundred dollars, and cach day's continuance of such failure
may be construed to be a separate offense under this section, such fine to
be imposed and enforced by the State corporation commission, with right
of appeal to the supreme court of appeals; and if any such corporation
shall be in default for more than six months in complying with the pro-
visions of this section, the State may proceed against such corporation by
writ of quo warranto, or information in the nature of a writ of quo war-
ranto, for the vacation and forfeiture of its charter, and upon judgment
in such proceeding against any such corporation, its charter shall there-
after be vacated and forfeited. Such proceeding shall be instituted and
prosecuted by the attorney-general at the request of the State corpora-
tion commission.
2. This act shall be in force from and after its passage.