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 | 1878/79 |
---|---|
Law Number | 112 |
Subjects |
Law Body
CHAP. 112.—An ACT to ineorporate the Central Virginia Mining Com-
pany.
Approved February 15, 1873.
1. Be it enacted by the general assembly of the common-
wealth of Virginia, That Levi S. White, John A, White, Henry
B. Roemer, Carter M. Braxton and Alexander Hamilton, their
associates, successors and assigns, are hereby created and made
a body politic and corporate, under the name and title of The
Central Virginia Mining Company, for the purpose of mining,
working, milling, smelting, assaying and otherwise treating
ores, earths, minerals and metals, and also for the purpose of
manufacturing ores in all the various branches and uses for
which such ores are used, and to transport and sell the same,
and shall have the rights to enter upon any lands intervening
between the mines of the said Central Virginia mining com-
pany, and the water power upon which the saine may be depen-
dent, and to eut thereon such ditch, eanal or tunnel, or to con-
struct such flame or other aqueduct, and to build such dam or
dams as may be necessary to control sne1 wa‘e* pew r, and
also to cnt and open thereon such ditehes or caials, or to eon-
struct such flames or other aquedacts as may he necessiury to
drain such mines or to carry off and drain away the water,
tailings, and so forth, of such mine or mining operations; the
said company may condemn, accordiug to the laws of Virginia,
land for the sites of the said canals, ditches. dams, flumes or
reservoirs, and for transportation purposes, and shall have power
and authority to locate and construct one or more railroads, not
exceeding ten miles in length, in connection with their mining
business, and connect the same with any railroal with the con-
gent of snch read,
2. Phe said company shall have the right to acquire. hold,
use, posscss and enjoy, by purchase, gift, devise. trust, lease or
other legal means, estate, real, personal and mixed, and the
saine may sell, alien, grant, lease and convey, so that the lands
held by them in fee or otherwise, shall not exceed ten thousand
acres In any one county,
3. The capital stock of said company shall not be less than
fifteen thousand dollars nor more than two hundred thousand
do‘lars, divided into shares of one hundred dollars each.
4. The affairs of said company shall be managed by a beard
of five directors, who shall be chosen by the stockholders, and
a majority of whom shall constitute a quorum; but, for the
purpose of organization. the five first herein named corporators
shall constitute said board of directors, and shall hold office
until their suecessors are elected and qualified. The officers
shall be a president, secretary, treasurer and general manager.
The first two shall be members of the board of directors, and
the remainder may or may not be, as said board may from time
to time determine, and any of said officers, except president,
may be abolished or combined by a majority vote of the stock-
holders.
5. The principal office of the company shall be at Fredericks-
burg, or elsewhere in the state of Virginia, as may be selected
by the company for the transaction of its business.
6. The said company may have and use a common seal, and
the same alter and change at pleasure; may issue bonds or
other evidences of debt, negotiate loans, buy and sell, and gen-
erally do all other things necessary to the proper and successful
transaction of the business for which it is organized.
7. This act shall be in force from its passage, and subject to
amendment or modification, in the discretion of the general
assembly of Virginia.