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 |
---|---|
Law Number | 486 |
Subjects |
Law Body
Chap. 486.—An AT to incorporate the Jeffor-on Literary and Social
Circle of the city of Richmond.
Approved March 17, 1884.
1. Be it enacted by the general assembly of Virginia, That
Charles Hutzler, L. Z. Morris, Charles Thalhimer, Leon Wal-
lerstein, Charles Millhiser, Joseph Wallerstein, Joseph L.
Levy, Marx Gunet, Charles Straus, M. 8. Block, and S. Pros-
kauer, or such of them as may accept the provisions of this
act, and such other persons as may hereafter be associated
with them, and their successors, shall be and they are hereby
constituted a body politic and corporate under the name and
styleof the Jefferson Literary and Social Circle, and shall
have its chief office at the city of Richmond.
2. The objects of said incorporation are to encourage and
diffuse literary taste and knowledge; to promote social pleas-
ure and intercourse among such persons as may become
stockholders or be elected members thereof; to acquire a hall
for library, dramatic or musical uses; to establish a library,
reading-room or rooms, and to acquire books, paintings, and
works of art by gift, loan, legacy or purchase, for the use
and enjoyment of such stockholders or members.
3. The capital stock of said corporation shall not be less
than four thousand dollars, nor more than twenty-five thou-
sand dollars, and shall be divided into shares of ten dollars
each; and all subscriptions heretofore made, or that may
hereafter be made to the capital stock, on the part of any
person or persons, shall be paid in such manner and instal-
ments as may be agreed upon by the person or persons au-
thorized to collect the same, and so empowered by the by-
laws of the circle: And upon failure of any stockholder to
pay such instalment on his stock for thirty days after the
same shall have become duc, he shall thereupon cease to bea
stockholder of the circle, and shall forfeit all payments made
by him on his stock, and all interest in the property of the
circle. But the circle, or such person or persons appointed
by the by-laws for such purpose, shall have full power and
authority to allow any stockholder to make good his default,
and restore him as a stockholder in the circle. Shares of
stock held by stockholders shall be sold or transferable only
to the circle itself, or to such person, and in such manner as
may be granted and prescribed in the by-laws. Infants over
the age of nineteen years shall be capable of purchasing or
holding stock of the circle, and be subject to the provisions
of this act.
4. The circle may at any time after the expiration of two
years, redeem such share or shares of the capital stock as
may be then outstanding, in the manner prescribed in the
by-laws.
5. When the amount of the minimum capital of the cigcle
shall have been subscribed, the subscribers may organize by
enacting a constitution and by-laws for its government, and
may alter and amend the same at pleasure, and may elect a
president, board of directors, trustees, or any other officer or
officers that it may deem necessary and proper for carrying
on its lawful business, and particularly make by-laws, regu-
lating the admission and expulsion of members, and stock-
holders, who shall be entitled to vote, and the manner of
such voting: provided that a stockholder who has been sus-
pended or expelled from the circle, shall not forfeit his stock
or be deprived of the dividends thereon, but he shall have no
further claims on account of the general funds, or voice in
the conduct of the affairs of the circle: and provided further,
that nothing contained in this act shall be inconsistent with
the constitution and laws of the United State or the state of
Virginia.
6. The circle shall have the power to sue and be sued,
contract and be contracted with, plead and be impleaded,
urchase, lease, hold, rent, sell, convey or acquire by other
awful means, in its corporate capacity, property, real, per-
sonal and mixed, and perform any other acts for the promo-
tion of its objects and purposes.
7. The circle shall have a corporate seal for the making
and delivering of all legal acts and proceedings, the same te
break and alter at pleasure.
8. It shall be lawful for the said circle to impose a monthly
or yearly assessment or dues, or both, upon stockholders and
members, for the establishment of a sinking fund; for the
payment of salaries of officers; for the increase and support
of the library; for expenses of social pleasure, and carrying
out its objects and purposes; and shall in its by-laws, specify
the time or times when the same shall be paid.
9. This act shall be in force from its passage.