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 | 205 |
Subjects |
Law Body
Chap. 205.—An ACT to amend and re-enact the first, fourth, fifth, and
sixth sections of an Act to authorize the Formation of the New River
Railroad, Mining and Manufacturing Company, approved March 7th,
as amended by an Act approved April 2d, 1873.
Approved March 15, 1875.
1. Be it enacted by the general assembly, That sections
one, four, five, and six of an act to authorize the formation
of The New River Railroad, Mining and Manufacturin
Company, approved March seventeen, eighteen hundred aan
seventy-two, e amended and re-enacted so as to read as fol-
OWS:
- §1. Be it enacted by tho general assembly of Virginia,
That it shall ‘be lawful for Richard Wood, John T. Cowan,
G. C. Wharton, A. A. Chapman, Elbert Fowler, Phillip W.
Strother, J. C. Sindon, William P. Cecil, J. H. A. Smitb,
Jack Carter, S. H. Newberry, C. W. Statham, and .William
Mahone, any five of whom acting as commissioners to pro-
ceed to effect the organization of an incorporated company,
to be known as The New River Railroad, Mining and Manu-
facturing Company, which said company, upon the forma-
tion thereof as herein provided, shall be authorized to con-
struct, maintain, and operate a railroad from the New River
depot, a point on the line of the Virginia and Tennessee
division of the Atlantic, Mississippi and Ohio railroad, in the
county of Pulaski, and state of Virginia, to such point as
may be agreed upon the line dividing the states of Virginia
and West Virginia; and the said New River railroad, min-
ing and manufacturing company shall have the privilege of
constructing, maintaining, and operating such branch roads
as may be necessary to bring out coal; iron or other ores
from the counties of Giles, Bland, Tazewell, Russell, Wise,
Bucbanan, Pulaski, Montgomery, Carrol], and Grayson; and
when said company shall locate its main railroad, or
branches, through any mountain pass or canon, occupied by
a county road, or where it is impracticable to make another
county road, in lieu of the former, the county court may
upon motion permit said railroad to use and occupy said
county road, upon payment of such damages as may be due
to the partjes entitled to the same; and the said New River
railroad, mining and manufacturing company shall be
further empowered to acquire ownership of land for mining
and manufacturing purposes, and shall be entitled to enjoy
all the rights and privileges conferred by the laws of Vir-
ginia upon railroad corporations and mining and manufac-
turing companies, and as such shall have perpetual succes-
sion.
§ 4. The president.and board of directors of said company
shall be elected in such manner, and for such term of office,
and the number of directors sball be such as the stockhold-
ers may provide, and the principal office of said company
may be in Philadelphia or elsewhere, with such branch offi-
ces as the president and directors may elect. ,
§ 5. It shall be lawful for the New River railroad, mining
;and manufacturing company to issue bonds, and to secure
the payment of the principal and interest of the same by
mortgage upon its property, franchises, and so forth.
§6. Thesaid New River railroad, mining and manufacturing
, company may consolidate its stock, franchises, and property
with those of any railroad company in Virginia, West Vir-
ginia and North Carolina, upon such terms as may be agreed
upon by the president and directors of the company propos-
ing to consolidate.
, 2, This act shall be in forco from its passage.