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 |
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Law Number | 362 |
Subjects |
Law Body
Chap. 362.—An ACT to incorporate the Fairfax and Georgetown turn-
pike company.
Approved March 2, 1888.
1. Be it enacted by the general assembly of Virginia, That
James P. Macher, W. T. Ramsey, James R. Jones, A. I. Sagar,
John H. Chichester. Charles L. Campbell, Schuyler Durgle,
E. I. Northrop, A. D. Davis, John E. Febry, Isaac Crossman,
Austin Herr, George T. Dunlop, Arthur Crosby, and E. Caper-
ton, of Georgetown, and such other persons as may be here-
after associated with them, be and are hereby made a body
politic and corporate under the name, style, and title of the
airfax and Georgetown turnpike company, with plenary
powers to construct a turnpike road from Fairfax courthouse,
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Virginia, along the most practicable route via the town of
Falls church in the county of Fairfax to the Aqueduct bridge
opposite Georgetown, District of Columbia. Said company is
hereby vested with full power and authority to acquire by
gift, purchase, or by condemnation according to law, so much
land, timber, and rock as may be necessary for the construc-
tion of said road: provided said road shall not be less than
sixteen nor more than sixty feet wide.
2. Books of subscription to the capital stock of said com-
pany may be opened at any time and place designated by said
corporators, under the supervision of themselves or any per-
son or persons appointed by them, who are hereby author-
ized to act as commissioners.
3. The capital stock of said company shall not be less than
five thousand dollars nor more than fifty thousand dollars, to
be divided into shares of five dollars each.
4. The said company is hereby clothed with all powers and
franchises conferred on turnpike companies by the general
laws of the state: provided that said company shall not be
compelled to make a summer or side road to said turnpike.
5. It shall be lawful for said company to receive land, in
lieu of money, in payment of subscriptions to the unsubscribed
capital stock, which land may be received by said company
in payment of’ such subscriptions at such valuation as may be
agreed upon between said company and the party desiring to
make said payment. The said company may receive and
hold any real estate which may be thus conveyed to them in
payment of subscription to the unsubscribed capital stock
thereof, and may sell, lease, mortgage, and encumber the
same in such manner as said company may deem best. The
said company shall have power to secure by deed of trust or
mortgage any unpaid subscription to the capital stock of said
company.
6. The corporators and stockholders of said company shall
meet at Falls church, in Fairfax county, Virginia, on the fifth
day of April next, at which time and place they shall elect a
president and board of directors, and such officers as they |
may deem necessary, and pass any by-laws not in conflict.
with the constitution and laws of this state or of the United
States which they may deem necessary for their government,
a majority of whom shall constitute a quorum. All elections,
after the first, held by said company, shall be at such time
and place as they may direct. All officers elected by said
company shall hold their offices for such length of time as the |
by-laws may prescribe.
7. The said company shall have the right to cross at grade
or otherwise, any public road or railroad that may be necessary. |
8. A majority of the directors of said company shall con-
stitute a quorum for the transaction of business.
9. Said road shall be commenced within one year from the '
passage of this act, and completed within six years.
10. The rate of toll shall be as prescribed by the general :
law of the state.
11. This act shal{ heyinciorce from its passage. |