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 | 1881/1882 |
---|---|
Law Number | 73 |
Subjects |
Law Body
Chap. 73.—An ACT to incorporate the Estillville Virginia Murble
Company.
Approved February 9, 1882.
1. Be it enacted by the general assembly of Virginia, That
E. K. Hyndman and W. H. Coldren, of tho city of Pitts-
burg, and John Leisenring and M. S. Kemerrer, of Mauch
Chunk, Pennsylvania, and J. D. Imboden and H. C. Wood
and M. B. Wood, of Eatillville, Virginia, and their associates
and successors, be and they are hereby declared to be a body
politic and corporate, by the name and style of The Estill-
ville Virginia Marble Company, and by that name may con~
tract and be contracted with, both in and out of this state;
may sue and be sued, plead and be impleaded, in all courts
of this commonwealth or elsewhere, and have perpetual suc-
cession, and as such corporation, may have all the privileges,
franchises, and immunities applicable to such a corporation
under the laws of Virginia.
2. The capital stock of said company shall be not less than
thirty thousand nor more than three hundred thousand dol-
lars, divided into shares of one hundred dollars each.
3. The stockholders of said company shall have power,
from time to time, to issue the bonds of the said company to
an extent not exceeding the capital subscribed and paid in,
bearing such rate of interest, not exceeding six per centum
per annum, and payable at such times as may be designated,
or may issue said bonds and dispose of the same at such
prices, and in such way and manner, as they may deem expe-
dient; and said company shall have power to secure the
principal and interest of said bonds by mortgage or mort-
gages, or deed or deeds of trust, upon the whole or any part
of their property, real or personal, and the corporate rights
acquired, or to be acquired by said company, to secure the
payment of the principal and interest of any bonds, coupon
or registered, it may issue, and to secure the faithful ful-
fillment and performance of any contract, agreement, or obli-
gation it may make and enter into respecting the loan of
any sum or sums of money it may obtain on the faith and
security of any such mortgages or deeds of trust.
4. The said company shall have power to mine, purchase,
quarry, sell, and transport marble of all kinds and qualities,
rough, dressed, or polished, and manufacture the same; and
for this purpose the said company shall have power to
acquire, from time to time, by purchase, lease, or otherwise,
such lands as it may deem expedient for its purposes under
this charter: provided said company shall not purchase and
hold in fee simple exceeding five thousand acres of land at
any one time, and may lease, mortgage, sell, or otherwise
dispose of such lands, or any rights, easements, or privileges
therein, and construct thereon all buildings, machinery, and
fixtures for its operation.
5. The capital stock of said company shall be considered
personal property, and shall be transferable as may be pro-
vided for in the by-laws thereof, and each sbare shall entitle
the holder thereof to one vote in all meetings of the stock-
holders, to be given personally or by proxy.
6. The officers of said company shall be a president, vice-
president, a general superintendent of the company’s opera-
tions at its works, as many directors as the by-laws fix, a sec-
retary. and a treasurer.
7. The said company may have an office in any city in or
outside of this state, but shall have its principal office at
Fstillville, Virginia.
8. This act shall be in force from its passage.
Chap. 73.—An ACT authorizing any railroad or other company, or
companies, to acquire and hold shares of the capital stock of the
Roanoke machine works.
Approved April 21, 1882.
1. Be it enacted by the general assembly of Virginia, That
any railroad or other company, or companies, in this state,
may acquire, by subscription or otherwise, and hold such
number of shares of the capital stock of the Roanoke ma-
chine works as the board of directors of such railroad or
other company, or companies, may determine, and such hold-
ing shall not affect the chartered rights and privileges of the
Roanoke machine works.
2. All acts and parts of acts inconsistent herewith, are
hereby repealed.
3. This act shall be in force from its passage.
Cyap 74.—An ACT to authorize the city of Portsmouth to issue
coupon bonds.
Approved April 21, 1882.
Whereas the city of Portsmouth, under an act of the gen-
eral assembly approved February 27, 1879, giving authority
to said city to issue coupon bonds, to be known as “The City
of Portsmouth Paving Bonds,” for the purpose of paving and
grading the streets of said city, had prepared and printed
‘paving bonds,” in accordance with said act, to the amount
of one hundred thousand dollars, bearing interest at the rate
of six per centum per annum, payable semi-annually, and
redeemable ten years from the date of the issue thereof; and
whereas in the paving and grading of the streets of said
tity, the council thereof issued and sold about fifty-eight
thousand dollars of said bonds; and whereas under the new
charter provided for the city of Portsmouth by the general
assembly, approved on the day of ——-—,, eighteen hun-
ired and eighty-two, grave doubts exist as to the authority
of said city to issue any more of the said bonds; therefore,
1. Be it enacted by the general assembly, That it shall be
lawful for the city of Portsmouth, in order to continue the
paving and grading of the streets of said city, in accordance
with the provisions of the new charter, and to provide for
the payment thereof, to issue the remaining coupon bonds,
prepared and printed as aforesaid by the said city of Ports-
mouth, under the act aforesaid, approved February twenty-
seven, eighteen hundred and seventy-nine, in sums not less
than one hundred dollars, bearing interest at the rate of six
per centum per annum, payable semi-annually, and redeema-
le ten years after the date of the issue thereof, which bonds
shall be known as “the city of Portsmouth paving bonds:”
provided that the whole amount of bonds issued under the
act approved February twenty-seven, eighteen hundred and
seventy-nine, and under this act shall not exceed the sum of
one hundred thousand dollars. The said bonds shall be
signed by the president of the council and city treasurer,
and attested by the city clerk, and the proceeds of which
shall not be applied or used for any other purpose than those
of grading and paving. The said city council shall not dis-
pose of the bonds herein provided for, for less than ninety-
ve per centum of their par value, and shall be disposed of
to the highest bidder therefor, either at public auction, or
under proposals to be made public, to the city council, or the
same may be used at their par value in payment for material or
labor on account of such grading and paving: provided that
in no case shall more bonds be sold than shall be necessary
to pay for such grading and paving. And so much of the
expenses of such grading and paving as the city council shall
determine, shall be assessed to and borne and paid by the
owners of real estate benefitted by said improvement, shall
be assigned in proportion to the frontage of each lot respec-
tively, and shall be a lien upon such real estate until fully
paid off and discharged, and such amount shall be payable at
the option of such owner in full, or as follows: One-tenth
thereof for each year during the period of ten years, with
interest on the principal sum due at the rate of six per cen-
tum per annum, payable semi-annually, and which amounts,
principal and interest, shall be applied exclusively to the
payment of the interest and principal of said paving bonds.
And the council of said city shall, for the payment of the
interest upon said bonds, levy a specific tax sufficient, with
the interest derived from the owners of real estate benefitted
by said improvement, to pay the semi-annual interest on said
bonds, or may provide annually for the payment of the
interest thereon, and for a sinking fund to redeem at matur-
ity out of the general levy. And when the owner of any
real estate, on such graded or paved street, shall fail to pay
in cash the amount assessed to him, or shall fail to pay one-
tenth the assessment per annum, with interest, it shall be
lawful for the city council to enforce the collection of said
assessment in the same manner as the collection of city taxes
are enforced. But when such real estate shall be owned by
infants, or other persons under legal disabilities, it shall not
be lawful for the council to require in any one year more
than one-tenth of such assessment, and the interest on so
much thereof as remains unpaid. The said paving bonds
Shall not be subject to any taxation whatever by the city of
Portsmouth. And whenever the treasurer of the city shall
have to the credit of the fund, for the redemption of said
paving bonds, the sum of five thousand dollars, he shall ad-
vertise for proposals for redeeming the same amount of said
bonds at least ten days, and redeem the said amount on the
most favorable terms offered: provided the proposals are
approved by the city council. And the city council shall
cause to be recorded by the city clerk, in a well bound book,
which shall at all times be kept for the inspection of the
public, a list of all property upon which such assessment
shall be made, the name of the owner or owners thereof, a
description of the location thereof, and the amount of the
assessment thereon, and index the same in the name of the
owner, and such recordation shall be notice to all parties
interested, of the lien of such assessment thereon; and when
such assessment shall be paid in whole, or in part, the same
shall be noted by the clerk in said book. The treasurer shall
keep the proceeds of such bonds, and all taxes and assess-
ments collected on paving account, separate and distinct from
all other funds of the city, to the credit of the Portsmouth
paving fund, and the same shall be appropriated for no other
purpose whatever. And so much thereof as shall remain
unexpended for grading and paving shall be kept on interest
account.
2. This act shall be in force from its passage.
Chap. 73.—An ACT to incorporate the Estillville Virginia Murble
Company.
Approved February 9, 1882.
1. Be it enacted by the general assembly of Virginia, That
E. K. Hyndman and W. H. Coldren, of tho city of Pitts-
burg, and John Leisenring and M. S. Kemerrer, of Mauch
Chunk, Pennsylvania, and J. D. Imboden and H. C. Wood
and M. B. Wood, of Eatillville, Virginia, and their associates
and successors, be and they are hereby declared to be a body
politic and corporate, by the name and style of The Estill-
ville Virginia Marble Company, and by that name may con~
tract and be contracted with, both in and out of this state;
may sue and be sued, plead and be impleaded, in all courts
of this commonwealth or elsewhere, and have perpetual suc-
cession, and as such corporation, may have all the privileges,
franchises, and immunities applicable to such a corporation
under the laws of Virginia.
2. The capital stock of said company shall be not less than
thirty thousand nor more than three hundred thousand dol-
lars, divided into shares of one hundred dollars each.
3. The stockholders of said company shall have power,
from time to time, to issue the bonds of the said company to
an extent not exceeding the capital subscribed and paid in,
bearing such rate of interest, not exceeding six per centum
per annum, and payable at such times as may be designated,
or may issue said bonds and dispose of the same at such
prices, and in such way and manner, as they may deem expe-
dient; and said company shall have power to secure the
principal and interest of said bonds by mortgage or mort-
gages, or deed or deeds of trust, upon the whole or any part
of their property, real or personal, and the corporate rights
acquired, or to be acquired by said company, to secure the
payment of the principal and interest of any bonds, coupon
or registered, it may issue, and to secure the faithful ful-
fillment and performance of any contract, agreement, or obli-
gation it may make and enter into respecting the loan of
any sum or sums of money it may obtain on the faith and
security of any such mortgages or deeds of trust.
4. The said company shall have power to mine, purchase,
quarry, sell, and transport marble of all kinds and qualities,
rough, dressed, or polished, and manufacture the same; and
for this purpose the said company shall have power to
acquire, from time to time, by purchase, lease, or otherwise,
such lands as it may deem expedient for its purposes under
this charter: provided said company shall not purchase and
hold in fee simple exceeding five thousand acres of land at
any one time, and may lease, mortgage, sell, or otherwise
dispose of such lands, or any rights, easements, or privileges
therein, and construct thereon all buildings, machinery, and
fixtures for its operation.
5. The capital stock of said company shall be considered
personal property, and shall be transferable as may be pro-
vided for in the by-laws thereof, and each sbare shall entitle
the holder thereof to one vote in all meetings of the stock-
holders, to be given personally or by proxy.
6. The officers of said company shall be a president, vice-
president, a general superintendent of the company’s opera-
tions at its works, as many directors as the by-laws fix, a sec-
retary. and a treasurer.
7. The said company may have an office in any city in or
outside of this state, but shall have its principal office at
Fstillville, Virginia.
8. This act shall be in force from its passage.
Chap. 73.—An ACT authorizing any railroad or other company, or
companies, to acquire and hold shares of the capital stock of the
Roanoke machine works.
Approved April 21, 1882.
1. Be it enacted by the general assembly of Virginia, That
any railroad or other company, or companies, in this state,
may acquire, by subscription or otherwise, and hold such
number of shares of the capital stock of the Roanoke ma-
chine works as the board of directors of such railroad or
other company, or companies, may determine, and such hold-
ing shall not affect the chartered rights and privileges of the
Roanoke machine works.
2. All acts and parts of acts inconsistent herewith, are
hereby repealed.
3. This act shall be in force from its passage.
Cyap 74.—An ACT to authorize the city of Portsmouth to issue
coupon bonds.
Approved April 21, 1882.
Whereas the city of Portsmouth, under an act of the gen-
eral assembly approved February 27, 1879, giving authority
to said city to issue coupon bonds, to be known as “The City
of Portsmouth Paving Bonds,” for the purpose of paving and
grading the streets of said city, had prepared and printed
‘paving bonds,” in accordance with said act, to the amount
of one hundred thousand dollars, bearing interest at the rate
of six per centum per annum, payable semi-annually, and
redeemable ten years from the date of the issue thereof; and
whereas in the paving and grading of the streets of said
tity, the council thereof issued and sold about fifty-eight
thousand dollars of said bonds; and whereas under the new
charter provided for the city of Portsmouth by the general
assembly, approved on the day of ——-—,, eighteen hun-
ired and eighty-two, grave doubts exist as to the authority
of said city to issue any more of the said bonds; therefore,
1. Be it enacted by the general assembly, That it shall be
lawful for the city of Portsmouth, in order to continue the
paving and grading of the streets of said city, in accordance
with the provisions of the new charter, and to provide for
the payment thereof, to issue the remaining coupon bonds,
prepared and printed as aforesaid by the said city of Ports-
mouth, under the act aforesaid, approved February twenty-
seven, eighteen hundred and seventy-nine, in sums not less
than one hundred dollars, bearing interest at the rate of six
per centum per annum, payable semi-annually, and redeema-
le ten years after the date of the issue thereof, which bonds
shall be known as “the city of Portsmouth paving bonds:”
provided that the whole amount of bonds issued under the
act approved February twenty-seven, eighteen hundred and
seventy-nine, and under this act shall not exceed the sum of
one hundred thousand dollars. The said bonds shall be
signed by the president of the council and city treasurer,
and attested by the city clerk, and the proceeds of which
shall not be applied or used for any other purpose than those
of grading and paving. The said city council shall not dis-
pose of the bonds herein provided for, for less than ninety-
ve per centum of their par value, and shall be disposed of
to the highest bidder therefor, either at public auction, or
under proposals to be made public, to the city council, or the
same may be used at their par value in payment for material or
labor on account of such grading and paving: provided that
in no case shall more bonds be sold than shall be necessary
to pay for such grading and paving. And so much of the
expenses of such grading and paving as the city council shall
determine, shall be assessed to and borne and paid by the
owners of real estate benefitted by said improvement, shall
be assigned in proportion to the frontage of each lot respec-
tively, and shall be a lien upon such real estate until fully
paid off and discharged, and such amount shall be payable at
the option of such owner in full, or as follows: One-tenth
thereof for each year during the period of ten years, with
interest on the principal sum due at the rate of six per cen-
tum per annum, payable semi-annually, and which amounts,
principal and interest, shall be applied exclusively to the
payment of the interest and principal of said paving bonds.
And the council of said city shall, for the payment of the
interest upon said bonds, levy a specific tax sufficient, with
the interest derived from the owners of real estate benefitted
by said improvement, to pay the semi-annual interest on said
bonds, or may provide annually for the payment of the
interest thereon, and for a sinking fund to redeem at matur-
ity out of the general levy. And when the owner of any
real estate, on such graded or paved street, shall fail to pay
in cash the amount assessed to him, or shall fail to pay one-
tenth the assessment per annum, with interest, it shall be
lawful for the city council to enforce the collection of said
assessment in the same manner as the collection of city taxes
are enforced. But when such real estate shall be owned by
infants, or other persons under legal disabilities, it shall not
be lawful for the council to require in any one year more
than one-tenth of such assessment, and the interest on so
much thereof as remains unpaid. The said paving bonds
Shall not be subject to any taxation whatever by the city of
Portsmouth. And whenever the treasurer of the city shall
have to the credit of the fund, for the redemption of said
paving bonds, the sum of five thousand dollars, he shall ad-
vertise for proposals for redeeming the same amount of said
bonds at least ten days, and redeem the said amount on the
most favorable terms offered: provided the proposals are
approved by the city council. And the city council shall
cause to be recorded by the city clerk, in a well bound book,
which shall at all times be kept for the inspection of the
public, a list of all property upon which such assessment
shall be made, the name of the owner or owners thereof, a
description of the location thereof, and the amount of the
assessment thereon, and index the same in the name of the
owner, and such recordation shall be notice to all parties
interested, of the lien of such assessment thereon; and when
such assessment shall be paid in whole, or in part, the same
shall be noted by the clerk in said book. The treasurer shall
keep the proceeds of such bonds, and all taxes and assess-
ments collected on paving account, separate and distinct from
all other funds of the city, to the credit of the Portsmouth
paving fund, and the same shall be appropriated for no other
purpose whatever. And so much thereof as shall remain
unexpended for grading and paving shall be kept on interest
account.
2. This act shall be in force from its passage.