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 | 1885/1886 |
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Law Number | 74 |
Subjects |
Law Body
Chap. 74.—An ACT to incorporate The Loudoun County Telephone
Company.
Approved February 5, 1886.
1. Be it enacted by the general assembly of Virginia, That
J. B. Beverley, E. G. Cauffman, Edward Nichols, N. G. West,
Edgar Littleton, John H. Alexander, C. E. Ahalt, E. V. White,
George M. Grayson, C. P. Janney, together with such persons
as may become stockholders, their associates and successors,
be and they are hereby created and constituted a body corpo-
rate, by the name of The Loudoun County Telephone Com-
pany, by which name it shall have perpetual succession, a
common seal, may sue and be sued, contract and be contracted
with, and shall have all the rights and privileges of a corpora-
tion under the general laws of the state of Virginia, and be
subject to all the rules, regulations and restrictions imposed by
the laws of said state in relation to joint-stock companies, so
far as they are applicable to and not inconsistent with the pro-
visions of this act. ,
2. The corporate body is constituted for the conduct of the
telephone business, and to that end authority is hereby granted
to it to erect such lines of wire as may be necessary for its
purposes. |
3. Said corporate body shall have power to acquire all real
estate or easements necessary for the convenient erection of its
lines and conduct of its business, and may erect the wires on
and along the public highways: provided, the same be located
at least five feet off the road-bed.
4. Said corporate body may acquire, by purchase or lease,
any line or lines of wire in the county of Loudoun, from any
body corporate or private person doing business therein, or
owning or operating such line.
5. The corporate stock of said company shall be -not less
than five hundred nor more than ten thousand dollars, divided
into shares of ten dollars each, and each share shall be entitled
to one vote at a stockholders’ meeting.
6. The officers of said corporation shall be a president, vice-
president, secretary and treasurer, and board of directors of
not less than five nor more than ten in number, all of whom
shall be elected at a stockholders’ meeting on the second
Saturday in January of each year, and they shall hold until
their successors are duly elected.
7. Until the first election under this charter, the following
persons shall be the officers of said company, namely: J. B.
Beverley, president; E. G. Cauffman, vice-president; Edward
Nichols, secretary and treasurer; Dr. M. G. West, Edgar
Littleton, John H. Alexander, C. E. Ahalt, E.V.White, George
M. Grayson and C. P. Janney, directors.
8. All debts or demands, due or to become due to the state
of Virginia, shall be paid in currency, and not in coupons.
g. Said company, through its board of directors, shall have
power to make by-laws and rules for its government, not in-
consistent with the laws of this state or the United States, and
may amend and repeal the same at pleasure.
10. This act shall be in force from its passage.