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 | 1887/1888 |
---|---|
Law Number | 165 |
Subjects |
Law Body
Chap. 165.—An ACT to incorporate the Edgewood cemetery company
of Augusta county.
Approved February 23, 1888.
1. Be it enacted by the general assembly of Virginia, That
Harrison Bateman, H. B. arosberger, S. D. McCommon, A.
H. Roller, T. F. Hoy, C. 8. Patterson, J. G. Patterson, W.
D. Ewing, B. J. Craig, G. W. Kemper, F. L. Kemper, J. D.
Wisner, B. A. Scott, James A. Patterson, J. W. Blackburne,
David Beard, S. N. Patterson, W. J. Harnsberger, J. B.
Nicholas, Mra. E. 8S. Wagner, A. Mohler and Sons, H. V.
Crenshaw, James Western, George C. Pattersons, W. B.
Crawford, their successors and associates, and all such per-
sons as may hereafter become stockholders in the cemetery
hereby incorporated, shall be and are hereby created and
made a body politic and corporate, under the name and style
of the Edgewood cemetery company, with power by that
name to have perpetual succession, to sue and be sued, to
have a common seal, and to alter the same at their discre-
tion. ;
2. The said company shall have the right to acquire and
hold a lot of land near Mount Horeb church, in the county
of Augusta, for the purposes of said cemetery; and shall
have authority to sell or dispose of a portion of said lot, and
acquire and hold a portion of any other lot near said Mount
Horeb church for the purposes of said cemetery; but the
land so acquired and held shall not exceed twenty acres, and
shall have power to lay out and ornament the same; to erect
such buildings thereon as it may deem necessary and proper;
to arrange burial-lots and sell the same, and to make and
enforce, by reasonable fines and penalties, such by-laws, rules
and regulations for its own organization; for the manage-
ment of its business; for the election of all necessary officers
and the appointment of agents; for the issue of certificates
of stock, and the transfer of the same: provided such by-laws
and regulations shall not be inconsistent with the laws of this
state: and provided also, that in all the meetings of stock-
holders, the votes shall be in proportion to the amount of
stock held by each respectively.
3. The officers of said company shall consist of a president,
secretary, treasurer, and eight managers, who shall consti-
tute a board for the management and control of its affairs.
The stockholders shall annually, on the first Monday in
August, elect by ballot from their number a president, secre-
tary, treasurer, and board of managers. The board of man-
agers shall fill all vacancies in the board caused by death,
resignation, or removal, by election from the stockholders;
but in all cases of election for managers, eight votes shall be
necessary to a choice. They shall hold a stated meeting in
every month, and special meetings when deemed expedient,
at which meetings a majority of the whole number shall be
necessary to constitute a quorum for the transaction of busi-
ness. They shall from time to time adopt and make public
such rules, regulations, and by-laws as may be deemed expe-
dient. All officers and agents shall be elected at a stated
meeting of the board.
4. That the capital stock of said company shall be of such
amount as the said company shall determine, and it may be
increased from time to time, at their discretion; but the
amount of capital stock shall not be fixed at an amount less
than one thousand dollars, nor greater than the value of the
property and tranchises owned by said company, including
the sums expended, and to be actually expended in develop-
ing and improving said cemetery. And shall have authority
to borrow such sum or sums of money as may be necessary
for the purposes of this act at a rate of interest not exceed-
ing six per centum per annum, and may issue bonds for the
payment of the principal and interest.
5. That no interest of a lot-holder in any one lot of said
company shall be subjected in any way to the payment of
debts, pass by insolvency or into the hands of executors or
administrators, or be liable for taxes of any description, but
the rights and interest shall remain in the families of each
according to the course of descent.
6. The persons named in the first section of this act shall
constitute the first board of directors, who shall hold their
offices until their successors are elected and qualified.
7. This act shall take effect and be in force from and after
its passage, and shall be subject to the provisions of all gen-
eral laws now in force, or which shall hereafter be passed,
governing other chartered companies, so far as they are
applicable to the company hereby incorporated.