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 | 112 |
Subjects |
Law Body
CHAP. 112.—An ACT to ineorporate the Orange Mutual Fire In-
surance Company.
Approved April 2, 1879.
1. Be it enacted by the general assembly of Virginia, That
N. J. Henkle, A. G. Dade, T. P. G. Henshaw, James M. Brook-
ing, Ek. W. Brookimg, B. O. Willams, R. W. Brooking, John
Keyseear, J. W. Harris, William A. Jennings, B. F. Eheart,
Lyman Fauiconer, and William K. Kane, and all those who
may be hereafter associated with them in the manner herein-
after provided, and their successors, be and they are hereby
declared to be a body politic and corporate, by the name and
style of The Orange Mutual Fire Insurance Company, and by
that name may suc and be sued, plead and be impleaded, with-
in all the courts of law and equity in this commonwealth or
elsewhere, and have perpetual succession; to have, make and
use a2 common seal, and the same to break, alter or renew at
pleasure; to ordain and publish such constitution, by-laws,
ordinances and regulstions as they think proper and wise, and
generally to do every act and thing necessary to carry into
effect this act, or to promote the objects and designs of this
corporation: provided, that such constitution, by “laws, ordi-
nances, regulations or acts be not inconsistent with the laws of
this state or of the United States.
2. ‘To make insurance upon dwelling-honses, stores, and all
other buildings in town or country, and upon honsehold furni-
bare, merchandise, and other property against loss or damage
by fire.
"3. That N. J. Henkle, A. G. Dade, T. P. G. Henshaw, James
M,. Brooking, E. W. Brooking, B. H. Williams, R. W. Brook-
ing, John Keyseear, J. W. Harris, William A. Jennings, B. FP.
Hheart, Lyman Fauleoner, and W. K. Kane shall be the direc-
tors of said company until otherwise appointed by the stock-
holders, of whom N. J. Hlenkle shall be president; A. G. Dade,
vice-president ; T. P. G. Henshaw, secretary ; James M. Brook-
ing, treasurer, and E. W. Brooking, appraiser; and the said
president, vice-president, secretary, treasurer, appraiser, and
directors shall continue in office until their successors are
elected. In case of a vacancy in office of president, vice-presi-
dent, secretary, treasurer, appraiser, or director, from any
cause, the remaining directors may elect others to fill their
places until a meeting of the stockholders shall be held. Five
of said directors shail constitute a quorum for any and all
business purposes of said company.
4, There shall be an annual meeting of the company for the
election of officers and d.rectors, at such time and place as the
stockholders, in general meeting, may appoint. The president,
vice-president, secretary, and treasurer shall be president, vice-
president, secretary, and treasurer of the board of directors;
and the said president, vice-president, secretary, treasurer, and
directors shall continue in office until their successors are simi-
larly elected ; and the said appraiser shall be appointed by the
board of directors. And at the annnal meeting of said com-
pany for the election of officers, a majority of the members
thereof, in person or represented by proxy, shail constitute a
quorum for such meeting. In all meetings of said company
each member shall be entitled to one vote for the first one
thousand dollars, or fractional part thereof, of the amount in
which the property cf such member is insured, and one vote
for every additional one thousand dollars of such amount: pro-
vided, that no member shall be allowed a vote for any frac-
tional part above the first one thousand dollars.
5. All persons subscribing to this charter of incorporation,
and pledging themselves to be governed by any constitution,
by-laws, regulations or requirements adopted by said company
in pursuance thereof, their executors, administrators and as-
signs and vendees continuing to be insured therewith, shall
thereby become members of said company during the time
they shall remain insured therein, or until they shall withdraw
from the company in accordance with its prescribed regula-
tions. .
6. Phe members of the company shall not be liable for any
loss, damage or responsibility, other than that each mem/er
shall be bound to contribute to the necessary expenses of the
company, in proportion to the amount for which his property is
insured, and shall be bound to pay in the same preportion to
the proper offer of the company the losses sustamed by fire
by any feHow-member of the company.
7. Whenever a loss by fire is sustained by a member, the
president shall immediately convene the board of directors,
and upon proper and fall proof of such loss, shall thereupon
assess such pro-rata sums upon all the members of said com-
pany as is necessary to pay all such loss, and collect frometach
member at such time or times, and in such proportions as it
may be called for by said president and direcfors; and if any
member shall fail to pay the same so called for, if may be
recovered by motion, after twenty days’ notice in writing, in
any court of record.
8. This act shall be in force from its passage.