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 | 1875/1876 |
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Law Number | 117 |
Subjects |
Law Body
Chap. 117.—An ACT directing the Sale of the State’s Interest in the
Thornton’s Gap Turnpike Company.
- Approved March 15, 1876.
Whereas the commonwealth of Virginia is the owner of
- shares of the capital stock of the Thornton’s gap
turnpike company, all of which said stock is wholly unpro-
ductive, and whereas it is believed that greater efforts would
be made to répair said road, and greater economy practiced
in the administration of the affairs of said road if said stock
of the state should be sold and transferred to any individual
or company that would consent to become the purchaser
thereof; therefore,
1. Be it enacted by the general assembly, That the board
of public works be and they are hereby authorized and di-
rected, on or before the first day of July, eighteen hundred
and seventy-six, to advertise and sell at public auction, to the
highest bidder upon such terms awsaid board may prescribe,
all of the stock held by the state in the Thornton’s gap turn-
pike company, and the purchaser thereof, whether an indi-
vidual or individuals, or the board of supervisors of any
county, shall be substituted to all the rights of the state as
stockholders in said company, and may make such arrange-
ment for the repairs and future management of said turnpike
ag may be agreed on in any general meeting of stockholders.
2. After defraying the expenses of said sale, whatever
amount may be realized therefrom shall be paid into the
treasury to the credit of the sinking fund. _
3. This act shall be in force from its passage.