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 | 289 |
Subjects |
Law Body
Chap. 289.—An ACT to incorporate The Jordan White Sulphur
Springs Company.
Approved March 29, 1875.
1. Be it enacted by the general assembly, That I. C. Jor-
dan, ©. C. Willard, N. F. Williams, Wiltiam Parnell, HH. P.
Montgomery, Jolin P. Seevers, William Young, together
with such otber persons as may be hereafter associated with
them, be and they are hereby created and made a body
politic and corporate, under the name and style of The Jor-
dan White Sulphur Springs Company, for the purpose of
purchasing the Jordan springs estate, in the county of Fred-
erick, Virginia, and under that name shall have perpetual
succession, with power to sue and be sued, plead and be im-
pleaded, contract and be contracted with, and have all the
attributes of a legal corporation under the general laws of
this state, so far as the same are applicable to and not incon-
sistent with the provisions of this act.
2. ‘The capital stock of said company shall be not less than
forty thousand dollars, nor more than three hundred thon-
sand dollars, to be divided into shares of one hundred dollars
each; and whenever twenty thousand dollars shall have been
paid in, the shareholders may organize under this charter,
adopt by-laws, and elect officers for their execution. The
corporation may acquire and hold lands, not exceediny five
thousand acres, and may crect buildings for the accommouda-
tion of visitors and others; may provide for their entertaic-
ment, and receive compensation therefor; engage in me
chandise; enter into contracts of sale and lease, and af
insurance against fire; improve and cultivate its lands, ani
erect and conduct saw and other mills.
3. The annual and other meetings of this company shail
be held at the Jordan white sulphur springs, in Frederick
county, Virginia, or in the city of Winchester, as the share-
holders may, in general meeting, determine; ‘and the time
and place of the first meeting of “the company shall be upon
the call of a majority of the stockholders. At the fir
meeting, and annually thereafter, a president and four direv-
tors shall be elected, and the scule of voting therein shui!
be regulated by the provisions of the Code of eightcen bur-
dred and seventy-three. The terms of such officers shali be
until their successors are elected or appointed.
4, The shareholders of said company shall not be lialie
individually, for any of the contracts or acts of the company
other than the amount of the shares and the corporate pro-
perty respectively held by them.
5. This act shall be in force from its passage.