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 | 1871/1872 |
---|---|
Law Number | 163 |
Subjects |
Law Body
Chap. 163.—An ACT to Incorporate the Harrisonburg, Bridgewater and
West Augusta Railroad Company.
In force March 19, 1872.
1. Be it enacted by the general assembly of Virginia, That
Samuel Shacklett, Philo Bradley, Beverly B. Botts, Wiliam H.
Effinger, Benjamin E. Long, Jonas A. Lowenback, Isaac Paul,
M. Y. Partlow, Joseph L. Loose, George P. Burtner, William
Eiler, Jonathan Peale, Hugh B. O'Brien, William B. Yancey,
Bernard P. Teel, Addison Royer, A. J. Life, William F. Lewin,
Daniel Bowman, Samuel Barley, John A. Hening, Hiram Coff-
man, John McCloud, George W. Berlin, J. W. F. Allemong,
Thomas Shumate, T. H. B. Brown, John Jacobs, Joseph Byrd,
Henry H. Wynant, Samuel Forrer, Martin Whitmore, J. M.
McCue, Chesley Kinney, R. H. Dudley, or such of them as may
accept the provisions of this act, and such persons and corpo-
rations as may become associated with them in the manner
hereinafter provided, shall be and they are hereby constituted
a body politic and corporate, by the name of the Harrisonburg,
Bridgewater and West Augusta Railroad Company; and by
that name shall have all the powers, nghts and franchises ne-
cessary and proper to locate, construct and maintain a narrow
gauge railroad, to be known as the Harrisonburg, Bridgewater
and West Augusta Railroad Company; to begin at or near Mc-
Gaheysville, in the county of Rockingham, and run thence
through or near the town of Harrisonburg to Rawley Springs,
and from Harrisonburg through or near Bridgewater, to some
convenient point on the Chesapeake and Ohio railroad.
2. That the capital stock of said company shall not exceed
the sum of one million of dollars, to be divided into shares of
one hundred dollars each; and whenever fifty thousand dollars
shall be subscribed by others than internal improvement com-
panies, the subseribers shall be incorporated by the name and
for the purposes aforesaid, with power and authority to effect
the same.
3. The capital stock of said company may be increased from
time to time, by the board of directors, to such amount as they
may deem necessary for the interest of the company, not ex-
ceeding the maximum capital stock prescribed in this act; and
the board of directors of said company, to fully construct and
equip said railway, shall also have the power to issue bonds in
such sums, not less than one hundred dollars each, and bear-
ing interest not exceeding the rate allowed by law, payable,
principal and interest, at such times and places, and in such
manner as may be dcemed most advantageous to said company,
and may secure the same by one or more mortgages on the
road, franchises, income, and the real and personal property of
the company, or such parts thereof as may be designated in
the mortgage or mortgages.
4. That it shall be lawful for the said company to acquire, in
subscriptions to the capital stock of said company, or by do-
nation or otherwise, Jands, mines, property, materials or labor>
and to receive subscriptions from other companies, associations
and corporations, and to make such arrangements as shall be
mutually agreed upon by the respective boards of directors, for
such companies, associations and corporations, for the endorse-
ment of sale and exchange of stock and bonds, as to increase
facilities for a speedy completion of said road; and the said
company may sell, lease or otherwise dispose of any lands or
other property acquired under-this section at their pleasure.
5. The said railroad company shall have power to build
branch and lateral roads, not exceeding ten miles each in length
from their main line, to connect with any mines, lands or manu-
factories owned or operated by the said company.
6. The said company shall allow any railroad already built
or which may hereafter be built, to connect with its road, and
the said company shall have the right to connect with and to
cross, either at, or under, or above grade, any railroad now or
hereafter to be constructed in the vicinity of the route thereof.
No discrimination shall be made in the charges of said com-
pany against the trade and travel of any connecting work; but
it shall jointly, with such connecting company or companies,
make suitable arrangement for the convenient transfer of
freights from one road to the other, and the gauge permitting,
for a free interchange of freight cars upon reasonable terms;
and no discrimination shall be made in the charges of any con-
necting work against the trade and travel of the said company ;
and if the connecting companies shall not be able to agree upon
terms as to such. connection and transfer of cars and freight,
and as to arrangements for a fair pro-rating of charges, the
question shall be referred to the board of public works, and its
decision shall be binding upon the parties.
7. The said company may enter into arrangements with any
company connecting therewith, whether such company connect-
ing at either terminus, or at any other point along its line, for
the use of the necessary rolling stock to,be furnished to said
company, or fora lease of its road, not exceeding a term of
twenty years upon any one contract of lease; or may contract
for the sale and transfer of all its property, rights, charter,
franchises and stock, to any such connecting company: pro-
vided, that such sale or transfer be confirmed at any general
meeting of said railroad company.
8. This act shall be in force from its passage.