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 | 265 |
Subjects |
Law Body
Chap. 265.—An ACT to incorporate the Richmond railway connecting
and wharf company.
Approved May 16, 1887,
1. Be it enacted by the generals ssembly of Virginia, That
T. Iu. Rosser, A. S. Butord, W. N. Ruffin, John G. Friend, W.
R. Ruffin, WU. W. Flournoy, Ro F. Mason, and IL. Hairston,
and such other persous as they may associate with them, and
their successors and assicns, shall be and they are hereby
constituted and ordained a body corporate and politic by the
name of the Richmond railway connection and wharf company,
and by that name shall have all the powers, rights, privileges,
and franchises, necessary and proper to locate, construct,
maintain, and operate a line or lines of railway tor a connec-
tion with the Richmond and Alleghany railroad, or such
other railroads as are now or may hereafter be operated into
the city of Richmond, between the said city of Richmond
and a point at or near Bosher’s dam, then crossing the Rich-
mond and Danville railroad to some point on James river
between Warwick and the Manchester wharf of the said
Richmond and Danville railroad; and also to construct on
James river, on its own property, wharves, piers, docks, dry-
docks, basins, warehouses, elevators, and cotton compresses,
suitable for the accommodation of steamships, vessels, and
boats, and for the convenient loading, unloading, shipping,
receiving, and storing all kinds of merchandise and personal
property; and said company may conduct a general ware-
house, dock, wharf, and lighterage business, and may charge
and collect compensation therefor.
2. Any four of the corporators hereinbefore named, may
organize the company by electing a president and board of
directors, and such board may elect and appoint such other
officers as may be necessary for the proper management of
said company’s affairs; and thereupon they shall bave and
exercise all the powers and functions of a corporation, and
be subject to all the restrictions imposed by the laws of the
State applicable to works of internal improvement.
3. The said company shall have the power to construct,
maintain, equip, and operate such branch roads as the board
of directors may determine to construct, maintain, and ope-
rate: provided however, that no such branch road shall exceed
ten miles in length, which said branch roads shall have the
privilege of connecting with street or other railways, and to
use thereon animal or other motive power.
4. The capital stock of said company shall not exceed three
millions of dollars, to be divided into shares of the par value
of one hundred dollars each, and said stock may be all com.
mon, or such part or parts preferred as said company may
from time to time determine. Each share of stock shall be
entitled to one vote.
5. It shall be lawful for said company to acquire in sub-
scriptions to the capital stock of said company, or by dona-
tions, money, lands, or other damages, work, labor, materials,
property, bonds, or other available means for their purposes,
and to receive subscriptions from individuals, other companys,
associations, or corporations; and the said company may sell,
lease or otherwise dispose of any lands or properties acquired
under this section. Any Virginia corporation may subscribe
for and hold the bonds or stock of this company.
6. The directors of said company may reccive subscrip-
tions of stock from time to time as they may deem expedient,
until the stock is fully taken; and instalments on original
subscriptions of stock, as well as those afterwards received,
shall be paid at such times and places, and in such amounts
as said directors may prescribe.
7. The said company shall bave power to buy, contract
for, hold, sell, mortgage, encumber, or convey real estate in
or within eight miles of the city of Manchester, to erect
thereon dwellings or other improvements, and to rent or sell
the same upon such terms as may be agreed upon. The real
estate to be held shall not at any time exceed ten thousand
acres, to be situated in and within ten miles of the city of
Manchester, and such other real estate as may be bona fide
mortgaged to the company by way of security, or conveyed
to it in satisfaction of debts previously contracted, or pur-
chased at sales made to pay such debts. Said company may
also lay off and beautify such squares or parks as may belong
to them, to be opened to visitors upon such terms and under
such regulations as the company may prescribe, and said
company is also authorized to adopt suitable rules and regu-
lations to enforce the observance of good order at such
parks or squares, and may charge tees for admission to the
same or any part thereof; and it may nominate, from time
to time, to the county court of the county in which such
square or park is situated, any number of persons it may
deem proper, without regard to their residence, as a special
police, who, when confirmed in appointment of said court,
and after being qualified to act in pursuance of the seven-
teenth section, chapter one hundred and ninety-six, Code of
Virginia of cighteen hundred and seventy-three, shall have
the same powers within the boundaries of said parks or
squares, and half a mile therefrom, as are conferred on special
police officers by the aforesaid chapter one hundred and
ninety-six, Code of eighteen hundred and seventy-three.
8. The directors shall have power to issue bonds in sums
of one bundred dollars and multiples thereof, and bearing
interest not exceeding the rate of six per centum per annum,
the principal and interest of which shall be payable at such
times and places as the board of directors may determine;
and may secure the same by lien or mortgayes or deeds of
trust on the road, franchises, incomes, and the real, personal
and mixed property of the company, or such part or parts
thereof as may be designated in the mortgages or deeds of
trust, and may sell such bonds at such discount as may be
thought best for the benefit of the company; and said board
of directors may confer on any bondholder of said company
the right to convert the principal due or owing on such bond
into stock of said company at any time, and said board of
directors may from time to time retire any of the capital
stock of said company as may be deemed best for the interest
of said company.
9. In the construction of any bridge across James river,
under the provisions of this charter, the said company is em-
powered to so build said bridge as to use it as a carriage,
wagon, and foot bridge, as well as arailroad bridge: provided
the wagon and foot passage-way is properly and safely pro-
tected from railway accidents.
10. That the said company, by the acceptance of this
charter, hereby agrees to pay all taxes, dues, and demands
due the State, that may be hereafter assessed against it,
in lawful money of the United States, and not in coupons.
11. The construction of said road shall be commenced
within two years, and completed in six years after the pas
save of this act; and before the said work of construction
shall commence, at least fifty thousand dollars shall bave
been subscribed to the stock and twenty per centum paid
thereon.
12. This act shall be in force from its passage.