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 | 1876/1877 |
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Law Number | 196 |
Subjects |
Law Body
Chap. 196.—An ACT to amend and re-enact an act to incorporate the
Potomac and Manassas railroad company, approved March 4, 1872.
Approved March 21, 1877.
1. Be it enacted by the general assembly, That Anson
Bangs, and such others as have been or may be associated
with him, and their successors, shall be, and are hereby
created a corporation by the name of the Potomac and Ma-
nassas Railroad Company, for the purpose of constructing a
railroad from the Potomac river at Potomac, in Prince Wil-
liam county, to the line of West Virginia, and also to the line
of Maryland, via, at or near Manassas junction, to some point
between Point of Rocks and mouth of Goose creck, by such
routes as the company may deem most eligible and advan-
tageous, and are hereby authorized to purchase from the
Orange and Alexandria and Manassas railway company, now
known by the name of the Washington City, Virginia Mid-
land and Great Southern railway company, all or any part
of the road known as the Manassas track or branch of said
company, or to lease, consolidate, or make permanent con-
tracts for pro rata connections for the transportation of freight
and passengers, and the use of cquipment for all 6r any part
thereof with said Manassas branch, and also with any rail-
road company connecting witb said Potomac and Manassas
railroad company, so as to make a continuous line of rail-
road on the routes designated, upon such terms as may be
agreed upon by the different railroad companies.
2. The capital stock of the company shall not excecd one
million of dollars, and shall be divitled into shares of one
hundred dollars each. When fifty thousand dollars thereof
are subscribed, the subscribers may organize the company
and exercise the functions, of a corporation in accordance
with the provisions applicable thereto in the Code and statutes
of Virginia:
3. The rates to be charged per mile for transportation by
said company for passengers and freights, shall never exceed
the highest allowed by law to other railroads in the state of
Virginia; and no discrimination shall be made in such charges
against any connecting railroad company; nor shall any rail-
road company eonnecting with said railroad company, dis-
criminato against or charge any higher rate for freight and
passengers than a pro rata proportion per mile for the dis-
tance said company may transport all freight or passengers
received from or delivered to the Potomac and Manassas
railroad company, than said company shall establish by its
schedule of rates for transportation for the time being, for
the classes of freight transported, which it shall designate as
local, which is to be taken as freight to be delivered on the
line of either road; and the rates established for through
freights, on the classes transported, shall apply to all freight
passing over and designed for, or consigned to, points at or
beyond the termini of either road. Said railroad company
may acquire by condemnation, in accordance with the pro-
visions appticable thereto in the Code and statutes of Virgi-
nia, an amount of land, not exceeding forty acres in any one
parcel, for its main depots, machine shops, and other neces-
sary purposes connected with the business of said company.
It shall be lawful for said company to acquire not exceeding
thirty thousand acres of land in payment for subscriptions of
stock, or by purchase: provided, however, it shall not be law-
ful fur said company, at the expiration of ten years aftcr the
completion of their road, to bold more land than shall be be-
cessary for the use of the road.
4. The said Potomac and Manassas railroad company is
authorized to change its name (the stockholders in general
meeting consenting thereto) to the Potomac and Ohio rail-
road company; and that notice of such consent shall be given
to the board of public works within sixty days after such
consent is given, such change of name to commence and take
effect from the date of the assent of the stockholders thereto.
&. Itshall be lawful for said company, in general meeting, to
increase its capital stock to the amount, including its present
authorized capital, not to exceed five millions of dollars, and
to authorize its board of directors to borrow money, at a rate
of interest not exceeding seven per centum per annum, pay-
able semi-annually, to the amount of five million dollars, and
to issue bonds therefor, and to sell the said bonds at the best
price that can be obtained for them, and to secure the pay-
ment of such bonds by mortgage or deed of trust upon its
franchise, and its real and personal property, including its
6. That when the Potomac and Manassas railroad company
shall have completed fifteem miles or more of its lines of rail-
road continuously, it shali be deemed and taken as a compili-
ance with the provisions of this act, and general laws affect.
ing the subject, and shall secure to the said company all the
rigbts, grants and privileges herein conferred.
7. This act shall be in force from its passage.