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 | 1887es |
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Law Number | 121 |
Subjects |
Law Body
Chap. 121.—An ACT to incorporate the Suburban and City railway
» and improvement company,
Approved May 2, 1887.
1. Be it enacted by the general assembly of Virginia, That
J. O. Troy, W. L. Wigginton, J. B. Lindsay, A. J. Raub. W.
Marable, J. Ferris, Joseph Bell, and their associates, succes
sors and assigns, be and they are hereby declared to bea
body corporate and politic, by the name of the Suburban and
City railway and improvement company; and by that name
and style are hereby invested with all the rights, powers and
privileges conferred, and made subject to all the rules and
regulations and restrictions imposed by the Code of Virginia,
and all general laws applicable to such institutions, that are
not inconsistent with this act.
2. The capital stock of said corporation shall not be less
than ten thousand dollars, nor more than three hundred thou-
sand dollars, divided into shares of one hundred dollars each.
The above-named corporators, or any three of them, are
hereby authorized and created a commission to receive sub-
scriptions for stock, and for this purpose they may open books
of subscription in such manner as they may deem necessary,
and keep the same open until they or other persons shall have
subscribed the minimum amount of capital stock named; and
thereafter within their discretion, they may call a meeting ol
stockholders, who may proceed to organize the company.
The capital stock may be increased from time to time, until
the maximum sum named in this act is reached.
3. The said company shall have power to acquire by gift,
purchase, or otherwise, and to hold real estate in or within
twenty miles of the city of Norfolk, to an amount not to ex-
ceed two thousand acres at any one time, and may grant and
convey the same, cither by lease or by deed, in fee or in trust.
Said company may also lay off and beautify squares or parks,
to be open to visitors upon such terms and under such regu-
lations as the company may prescribe; and said company is
also authorized to adopt suitable rules and regulations to
enforce the observance of good order at such parks and
squares, and may charge fees of admission to the same or
any part thereof.
4. Said company is authorized to construct and operate a
street railway, to run over and through the streets of Nor-
folk, Virginia, upon such terms and conditions as may be
prescribed by the councils of said city, and for the purpose of
connecting with such park or parks, or other improvements
as may be established, shall have the right to extend. con.
struct, maintain and operate a railway, its cars or trains to
be operated and moved by either horse or steam power, or
by electricity, to any point within twenty miles of said city,
in the counties of Norfolk or Princess Anne.
5. Said company may connect its strect railway with other
street railways now existing or hereafter incorporated, by
and with the consent and upon such terms as may be agreed
upon. Said company may lcase or sel! the whole or any part
of its street railway and appurtenances to any other con-
necting street railway, or may lease or acquire from the
owhers of such street railway the whole or any part of its
street railway or appurtenances.
6. Said company is authorized to transport over its line or
lines of railway, at such rates as it may adopt, passengers,
express matter, packages or other articles of merchandise,
and produce or other commodities.
7. This act shall be in force from its passage.