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 | 1874/1875 |
---|---|
Law Number | 185 |
Subjects |
Law Body
Chap. 185.—An ACT to incorporate The Buchanan and Clifton Forge
Railway Company.
Approved March 20, 1875.
1. Be it enacted by the general assembly of Virginia,
That the city of Richmond and James River and Kanawha
Company, with such other persons, counties or municipal
corporations as they may associate with them, shall be, and
they are hereby made a body politic and corporate, under
the name and style of The Buchanan and Clifton Forge
Railway Company, for the purpose of constructing a rail-
road from some point, at or near the town of Buchanan, in
the county of Botetourt, to some point on the Chesapeake
and Obio railroad, at or near Clifton Forge, in the county of
Alleghany, and that said company shall be invested with all
the rights and privileges and powers conferred, and made
subject to all the rules, regulations, and restrictions imposed
on such corporations by the existing laws of Virginia not in-
consistent with this act.
2. The capital stock of said company shall be one million
of dollars, to be divided into shares of one hundred dollars
each, and the owners of said stock shall be entitled in all
meetings of stockholders to one vote for each share of stock
owned by them.
3. Subscriptions to the capital stock of said company may
be made, subject to the provisions of the first section of this
act, by individuals, or by any county, city or incorporated
town, except the city of Nortolk, in the manner prescribed
by cbapter sixty-one, Code of eighteen hundred and seventy-
three, notwithstanding such subscriptions, in tho ease of a
city or incorporated town, may exceed the limit of indebted-
ness now prescribed by law, or by the respective charters of
said cities and incorporated towns; and such subscriptions
shall not be taken into account in estimating the indebted-
ness of such municipal corporations, in reference to the limit
of indebtedness now prescribed by their respective charters.
4. It shall be lawful for said railway company to borrow
money to aid in the construction and equipment of its road
to an amount not exceeding three-fourths of the amount of
stock subscribed thereto, and for that purpose to mortgage
its road and franchises.
9. The said railroad] company shall build and maintain a
suitable connecting branch or turnout to connect with the
line of the James River and Kanawha company, at or near
Pattonsburg or Buchanan, and at joint expense witb said
company, shall build and maintain suitable fixtures for weigh-
ing and transferring freights from one line to the other.
Such transfer of freights shall be under the joint manage-
ment of the two companics, unless otherwise agreed upon,
and shall be at cost, including a fair sum for wear and tear.
And the said railway company shall transport over its line, or
any part of it, and deliver to the James River and Kanawha
company, any freight destined for the canal of said company,
at as low a rate per ton per mile, and at as good speed, as it
shall transport similar freight from the same points to any
other connecting line, or to ity eastern terminus; and shall
receive from said James River and Kanawha company, at or
near Pattonsburg or Buchanan, any freight offered, and
transport it at as low a rate per ton per mile, and at as good
a sped as similar freight is received and transported from
any other connecting line destined for the same points on or
beyond its line: provided, however, that the James River
and Kanawha company shall, in like manner, show no dis-
crimination aguinst the said railroad company.
6. The said railway company shall have the right to con.
nect the work of internal improvement, as provided in this
act, with the Chesapeake and Ohio railroad, at or near Clif.
ton Forge, and shall be entitled to all of the benefits, immu.
nities and privileges, reserved and secured by the seventh
section of an act entitled an act to provide for the comple.
tion of a line or lines of railroad from the waters of the
Chesapeake to the Ohio river, passed March first, cighteen
hundred and sixty-seven, and the gauge of the said Buchanan
and Clifton Forge railroad shall conform to that of the Ches.
apeake and Ohio railroad.
7. Nothing in this act contained shall be construed as
declaration by the general assembly that the said James
River and Kanawha company has not the right, by virtue o!
previous legislation, to construct and maintain a railroac
from its present western termination to Covington, or to any
intermediate point.
8. The location or construction of the said railroad shal
not interfere with the line ot the James River and Kanawhs
canal, or its proposed enlargement or improvement.
9. The said railroad shall be commenced within two anc
completed within five years from the passage of this act.
10. This act sball be in force from its passage.