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 | 1883/1884 |
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Law Number | 445 |
Subjects |
Law Body
CHAP. 445.—An ACT to amend the charter of the Suffolk Lumber
Company.
Approved March 15, 1884.
1. Be it enacted by the general assembly of Virginia, That
an act entitled an act to incorporate the Suffolk lumber
company, approved the twentieth day of March, eighteen
hundred and seventy-three, be amended and re-enacted so as
to read as follows:
§1. Beit enacted by the general assembly of Virginia, That
John R. Kilby, J. W. Perry and L. R. Kilby, and “such other
persons as may be associated with them, be and they are
hereby incorporated and made and declared to be a bod
corporate and politic by the name of Suffolk Lumber Com-
pany, and as such body corporate and politic, and under that
name and style, shall have perpetual succession and a common
seal, which the said company may alter or amend at its plea-
sure, and may sue and be sucd, implead and be impleaded,
contract and be contracted with, purchase, hold and grant
estates, real and personal, and make ordinances, by-laws and
regulations consistent with the laws of this state or of the
United States, for the government of all under the authority
of said company for the management of its estates and the
due and orderly conducting of its affairs, and are hereby
authorized and empowered to purchase and hold pine or other
timber and wood growing upon or cut from the stump, and
to cut, saw or manufacture the same into lumber, cord-wood
or fire-wood, of any kind or description, and to sell or other-
wise dispose of the same, and generally to conduct, manage
and engage in a wood and lumber business in any and all of
its branches; and to purchase, hold, possess, locate, erect,
equip, maintain and operate saw-mills, and all necessary
machinery, fixtures and. appurtenances in connection there-
with for cutting, sawing and manufacturing timber into fire-
wood or cord-wood or lumber, or for any purpose for which
saw-mills are commonly used, and to make the necessary
survey for, and to locate, construct, equip, maintain and
operate a railroad with such branches as may be necessary
and convenient for its business, and lay the same with wood,
iron or steel rails of such weight and pattern as it may deter-
mine, with one or more tracks, and of any guage, which it
may at any time alter or change, from some point on the
waters of Hampton roads, in the state of Virginia, between
the James and Elizabeth rivers, most convenient and accessi-
ble to deep water navigation, and thence southward through
or near to the town of Suffolk, in Nansemond county, in the
said state, to the line dividing the said stato from the state of
North Carolina, and to connect and unite with any railroad
organized and operated under the laws of the last mentioned
state; and to purchase, build, hold and possess, or employ by
charter or otherwise, boats, vessels or barges, of any design,
shape or size, and to equip, maintain and operate the same
by steam or otherwi ise, for the transportation and shipment
of lumber, wood, freight, mails, or other things or persons,
and to prescribe, resulate, charge and receive compensation
for the transportation and shipment of such things and
persons.
§ 2. The capital stock of said company shall be not less
than five thousand dollars nor more than one hundred thou-
sand dollars, divided into shares of one hundred dollars each,
and each stockholder shall be entitled to cast one vote only
at any meeting of said stockholders for each share of the
stock owned by him.
§ 3. The said company is hereby authorized and empow-
ered to purchase and hold pine or other timber, lumber and
wood growing upon or cut from the stump, and with its saw-
mills or other means, to cut, saw or manufacture the same
into lumber, cord-wood or fire-wood of any kind, size or
shape, for market, and to sell or otherwise dispose of the
same, and wenerally to conduct and manage a saw-mill and
wood and lumber business, in any or all of its branches, or
otherwise as said company may desire; to purchase and hold
such saw-mills and fixtures, machinery and appurtenances
in connection therewith, and to locate the same at such
places and in such manner as to enable it to conduct its busi-
ness generally ; to purchase and hold such locomotives, en-
gines, cars or other rolling stock and appurtenances as may
be necessary to enable it to maintain and operate said rail-
road and the branches thereof and to conduct its business
generally over and upon said railroad and branches ; to pur-
chase and hold such vessels, boats, or barges or other things
necessary for transportation by water and all necessary fix-
tures, machinery, engines, tackle and appurtenances in con-
nection therewith, to enable it to use, employ and operate said
vessels, boats and barges, in and about its business and for its
purposes ; and to transport, carry or sbip its own as well as
the timber, lumber, wood, goods, wares, or merchandize or
other things commonly transported or carried or shipped as
freight of others, as well as mails and persons or passengers,
and to prescribe, regulate, charge and receive compensa-
tion for transporting “and ear rying passengers or persons, or
such things as it may transport. or carry for others by or
upon its railroad, vessels or barges.
$4. The said company may acquire by purchase, con-
demnation or otherwise any Jand required for the way of
its railroad and its branches, depot grounds, and stations,
wharves, landings and the riparian rights appurtenant thereto,
and it shall have the right and is hereby : authorized to cross
at. above or below grade, any railroad, canal, turnpike, state,
county or private road necessary to construct and oper ate
its railroad as it may be located within the limits prescribed
by this charter inthe manner and subject to the restrictions and
regulations specified in chapter fifty-six of the Code of Vir-
ginia, edition of eighteen hundred and seventy-three, and the
acts ot the general assembly passed in amendment thereof.
$5. The company is hereby invested with all the rights,
privileges, and powers conferred, and is made subject. to all
the rules, restrictions, and regulations imposed by the fifty-
sixth, tifty-seventh and sixty- first chapters of the Code of
Virginia, ‘edition of eighteen hundred and seventy- three, and
the acts of the general ‘assembly of Virginia, passed in amend-
ment thereof, so far as the same aro ‘applic able to, and not
inconsistent with the provisions of this act.
$6. The said company is hereby authorized and = em-
powered to purchase and bold, or rent or lease fora term of
years, such quantity of land as may be deemed by it neces-
sary for stations or depots, or the location of 1ts saw-mills, or
tor its purposes generally, and to purchase and hold wharves,
water-fronts, and Jandinygs and land sufficient for its pur-
poses in connection therewith, on Nansemond river, or at
any point within the limits prescribed by this act, and to
erect, build, construct, and own such wharves and ware-
houses or other houses, as its business may require; and to
erect, maintain, and own alony the line of its railroad, such
poles, wires, or other things and appurtenances as may be
necessary for a telegraph or telephone line tor its use in con-
nection with its business, and to purchase land in any quan-
tity not exceeding one hundred thousand acres, and hold the
same to enable it to secure and purchase the timber vrowing
upon the land for its purposes, and at its pleasure to re-sell
e
the land so purchased, or any land, wharf, warehouses or
landing. or other species of property owned by it.
§ 7. The said company shall have power to borrow money
for any purpose contemplated by this act, on the pledge of
its property and franchises in any amount, and at such rate
of interest not exceeding six per centum per annum, and on
such terms, and for such time as it may deem expedient; and
to secure the payment of the principal and interest thereof,
may issue its bonds secured by a mortgage of, or deed of
trust upon its property and franchises, to be executed, ac-
knowledged, and recorded as required by the laws of this
State.
§ 8. This act shall be in force from and after its passage.