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 | 285 |
Subjects |
Law Body
Chap. 285.—AN ACT to Incorporate the West Rockingham Mutual Fire
Insurance Company.
Ion force March 22, 1872.
1. Be it enacted by the general assembly of Virginia, That
George Chrisman, Joseph Click, Jacob Thomas, FM. Ervin,
Col— Jackson, Abram Andes, Hugh Swope, Sam'] Driver,
Sam'l A. Long, Sam] Firebaugh, James C. Heltzee, and John
H. Rolston, and all others who may hereafter be associated
with them in the manner hereinafter provided, and their suc-
cessors, be and they are hereby declared to be a body politic
and corporate, by the name and style of the West Rockingham
Mutual Fire Insurance Company; and by that name may sue
and be sued, plead and be impleaded with, in all courts of law
and equity in the state of Virginia or elsewhere, and have per-
petual succession, to have, make and use a common seal, and
the same to break, alter or renew at pleasure, to ordain and
publish such by-laws, ordinances and regulations as they think
proper and wise, and generally to do every and any thing
necessary to carry into effect this act, or to promote the object
and designs of this corporation: provided, that such by-laws,
ordinances, regulations, or acts, be not inconsistent with the
constitution and laws of this state or of the United States.
2. To make insurance upon dwelling houses, barns, mills and
other buildings, or any personal property hereafter provided
for, and in the manner prescribed in the by-laws against loss or
damage by fire.
3. That Sam Firebaugh, George Chrisman, Sam’] A. Long,
Joseph Click, Hugh Swope, James C. Heltzee, and John H.
Rolston, Jr., shall be the directors of said company till other-
wise appointed by the stockholders, of whom John H. Rolston
shall be president, and Samuel Firebaugh secretary, and the
said president, secretary and directors shall continue in office
until their successors are elected. In case of a vacancy in the
office of president, secretary, or directors, from any cause, the
remaining directors may elect others to supply their places
until a meeting of the stockholders shall be held. Four of said
directors shall constitute a quorum for any and all business
purposes of said company.
4. There shall be an annual meeting of the company for the
election of directors at such time and place as the directors
may appoint. The said directors so elected may elect a presi-
dent and secretary from among their number, and the said
president, secretary and directors shall continue in office until
their successors are similarly elected.
At any meeting of said company twenty members, repre-
sented in person or by proxy, shall constitute a quorum for the
transaction of business at such meeting: provided, that at the
annual meeting of said company for the election of officers, a
majority of the members thereof, in person or represented by
proxy, shall constitute a quorum for such election. In all
meetings of said company each member shall be entitled to one
vote for the first one thousand dollars, or fractional part
thereof, of the amount in which the property of such member
is insured, and one vote for every additional one thousand dol-
lars of such amount: provided, that no member shall be allowed
a 7 for any fractional part above the first one thousand
ollars.
5. All persons subscribing to this charter of incorporation
and pledging themselves to be governed by any constitution,
;
by-laws, regulations or requirements adopted by said company
in pursuance thereof, their heirs, executors, administrators and
assiens, and vendces, having notice of the insurance and con-
tinuing to be insured therewith. shall thereby become members
of said company during the time they shall remain insured
therein, or until they shall withdraw from the company, in
accordance with its prescribed regulations.
6. The members of the company shall not be lable for any
loss, damave or responsibility, other than that each member
shall be bound to contribute to the necessary expenses of the
company in proportion to the amount for which his property is
insured, and shall be bound to pay, in the same proportion, to
the proper officer of the company, the losses sustained by fire,
by any fellow-member of the company.
7. Whenever a loss is sustained by a fellow-member, the
president shall immediately convene the board of directors,
and upon proper and full proof of such loss, shall thereupon
assess such pro rata sums upon all the members of said com-
pany, as is necessary to pay all such loss, and collect from each
member, at such time or times and in such proportion as it may
be called for by said president and directors, and if any mem-
ber shall fail to pay the sum so called for, it may be recovered
with necessary costs upon motion after twenty days’ notice in
writing, in any court of record having jurisdiction.
8. This act shall be in force from its passage.