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 | 1867 Extra Session |
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Law Number | 73 |
Subjects |
Law Body
Chap. 73.—An ACT to incorporate the Eastern Shore Railroad Company.
Passed April 23, 1867.
1. Be it enacted by the general assembly, That it shall be
lawful to open books of subscription in Drummondtown, in
the county of Accomack, under the direction of Edw. P.
Pitts, George T. Garrison, Abel T. Johnson, John D. Tyler,
Edw. O. Finney, Thomas Tall Kellum, Samuel W. Powell,
W. D. Cropper, W. S. Byrd and John W. Field or any three
of them; and in Eastville,in the county of Northampton.
under the direction of 8. B. Notingham, John C. Dalby, W.
H. Parker, Thomas Spady, John E. Nottingham, Jr.. A. W.
Davning, Robert S. Carter, Wm. I. F. Pead, Edw. C. Fitch-
ett, L. S. D. Heath, or any three of them, and at such other
places as any three of said commissioners may designate.
under the direction of such agents as they may appoint, tor
the purpose of receiving subscriptions of stock, not exceed.
ing two million of dollars, in shares of one hundred dellars
each, to constitute a joint capital stock to construct a re
road from some point on the Virginia and Maryland boun-
dary line, on the Eastern shore of Virginia, to some point on
the Chesapeake bay in Northampton county.
2. Whenever one hundred thousand dollars of stock shall
have been subscribed, the subscribers, their executors, admin-
istrators and assigns shall be and are hereby constituted 4
body politic and corporate, under the name and style of The
Kastern Shore Railroad Company; and shall be subject te
all the provisions of the Code of Virginia applicable to inter:
nal improvement companies, except so far as the same may
be inconsistent with the provisions of this act. .
3. Any other railroad company in which the state of Vir
ginia has no interest, shall be authorized by this act to sub
scribe to the capital stock of the Eastern shore railroad com-
pany.
4, Said Eastern shore railroad company shall construct
their road with the same guage that the said road brought
lown to the Virginia and Maryland line may adopt, so as to
nake close connection therewith.
5. If the capital stock of said company shall be deemed
nsufficient for the purposes of this act,,it shall be lawful for
he directors, or a majority of them, from time to time, to
ncrease the same by receiving subscriptions for as much
idditional stock as they may deem necessary; and the said
jirectors, or a majority of them, shall, by and with the con-
sent of the stockholders in general meeting assembled, have
power to borrow money for the purposes of this act, and to
issue proper certificates of such loans, and pledge the pro-
perty of the company, by mortgage or otherwise, for the
payment of the same, and the interest that may accrue
thereon.
6. In all meetings of stockholders, each stockholder shall
be entitled to one vote for each share of stock held by him.
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1. This act shall be in force trom its passage.