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 | 1879es |
---|---|
Law Number | 103 |
Subjects |
Law Body
CHAP. 103.——An ACP to amend and re-enact an act entitled an act to
mcorporate the Richmond and Mecklenburg Railroad Company, ap-
proved March 25, 1875.
Approved April 2, 1879.
PK. if enacted by the general assembly of Virginia, That
the act entitled an act to incorporate the Richmond “and M eck-
lenburg railroad company, approved March twenty-fifth, eich-
teen hundred and seventy-five, be amended and re-enacted so
as to real as follows:
$1. Be it enacted by the general assembly of Virginia, That
it shall be lawful to open books of subscription in the city of
Richmond, under the direction of A. L. Ellett, W. T. Carring-
ton, W. H. Palmer, J. A. Coke and John Booker, or any of
them; in Chase City, Mecklenburg county, Virginia, under the
direction of George ‘A. Endley ,R. C. Nelson, John EK. Boyd
and 'T. G. inch, or any of them ; in the town of Boydton,
under the direction of A. S. Boyd, George B. Finch, 8. P.
Thrower and E. B. Goode, or any of them : and tn the town of
Clarkesville, under the direction of T. I ‘, Humphreys, Thomas
Easley, Thomas Williams and A. W. Mages, or any of them:
and in such other place or places, onder the direction of such
agent or agents, as a majorly of the commissioners at either of
the above-named places may designate, for the purpose of re-
ceiving enbscriplions, to an amount nof excecding five hundred
thousand dollars, in shares of one hundred dollars each, to
constitute a joint capital ‘stock for constructing, completing,
equipping and operating a rallroad from some point at or near
Keysyille on the Richmoad and Danville railroad via Chase
City to the town of Clarsecville, Virginia, which may be ex-
tended at the pleasure of said company to the North Carolina
line at some point in the county of Mecklenhurz, Virginia.
§ 2. Beit further enacted, That whenever twenty- -five thou-
sand dollars of the amount aforesaid shall have been subscribed,
the subscribers, their successors and assigns, shall be and they
are hereby declared and constituted a body politic and cor-
porate, under the name and style of The Richmond and Meck-
lenburg Railroad Company, and as such shall be entitled to all
the privileges granted, and subject to all the restrictions and
reg@lations imposed by the Code of Virginia and the laws
amendatory thereof, so far as the same are applicable to said
corporation and not inconsistent with the provisions of this
act.
$3. Be it further enacted, That the said company when organ-
ized shall have authority, in prosecuting their work hereinbe-
fore described, to build their road or any part thereof of any
gauge and description, and operate the same in such manner
as the said company may determine and direct as best for their
interest, with the right to change or modify the gauge, or other-
wise alter the structure and operation of their said road at any
time as their means or interests may justify or require.
§ 4. Be it further enacted, That the city of Richmond, or
any other city, town, county, magisterial district, or other cor-
poration of the state of Virginia, whether municipal or other,
may subscribe to capital stock of said company as now or
shall be hereafter provided by law, and any stockholder therein
shall be entitled, in all meetings of said company, to give as
many votes as be shall have shares therein. After said com-
pany shall have been organized, it may, under such regulations
as may be deemed proper, provide for the reception and pay-
ment of subscriptions to said capital stock in money, labor,
property, material for construction, equipment, bonds, or other
means available for their purposes, and for the issuance of
scrip for all such stock when fully paid or settled.
65. De it further enacted, That the sald company, when
organized, shall have full power and authority to acquire by
purchase, gift, grant, cession, transfer, release or otherwise, al}
the rights, franchises and property of what was formerly known
as the Roanoke valley railroad, whether the same be between
Keysvule and Clarkesville, or between Clarkesville and the state
line, south thereof, and to hold, use and enjoy the same in like
manner as heretofore granted, and to this end may make and
énter into any contract or agreement therefor with any parties,
individuals or corporations which may be lawfully made.
6. Be it further enacted, That the governer be and he is
hereby authorized to hire to the president and directors of the
said company, when organized, such able-bodied convicts in the
venitentiary, not exceeding two hundred in number, whose
terms of cervice at the time of hiring do not exceed ten years,
as can be spared from the workshops therein, to work on the
construction of, said railroad; and he shall provide for main-
taining, guarding and the return to the penitentiary of the con-
victs so hired, by requiring from the president of said company
bond with good security, in such penalty as he may deem suf-
ficient.
7. In satisfaction and discharge of the hire agreed upon, the
governor may accept the bonds of said railroad company, pay-
able in such time as may be agreed upon with the president of
said company, to be secured by a mortgage on the works and
franchises of said company, which mortgage shall be the first
lien on the works and property of said road, or he may accept
in lieu of other compensation the proper clothing, maintenance
and safeguard of said convicts during the time they are so em-
ployed, as in his diseretion may best aid the work to be con-
structed, and without prejudice to'the interest of the state.
8. The work herein authorized, or so much thereof as is to
be constructed between Keysyille and Clarkesville, shall be
commenced within three years, and completed within six years
from the passage of this act.
9. This act suall be in foree from its passage.