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 |
---|---|
Law Number | 33 |
Subjects |
Law Body
Chap. 33.—An ACT to amend and re-enact sections 2, 3, and 4 of an
act of the general assembly, approved February 20, 1886, entitled an
act to incorporate the Virginia Construction company.
Approved Marelh. 31, 1887.
1. Be it enacted by the gencral assembly of Virginia, That
sections two, three, and four of an act of the general assem-
bly, approved February twenty, eighteen hundred and elwrhty-
six, be and the same are hereby amended and re-enacted SO
as to read as follows, to-wit: /
§2. That said company is hereby authorized and empowered
to construct, improve, and equip railroads, bridges, tunnels,
docks, piers, wharves, basins, warehouses, elevators, cotton
compresses, stock yards, slaughter-houses, wood shops, depots,
section houses, and all other structures proper to the use and
operations of railroads, and to acquire and hold the bonds and
stocks of any company whose works it may construct in
whole or in part: provided however, that it shall not have
the right to condemn land or material, or to operate a rail-
road, except during the period of its construction.
§ 3. The powers herein granted are hereby extended to said
company in the States of Tennessce, Mississippi, Alabama,
Virginia, West Virginia, and Kentucky.
§ 4. Thesaid company may commence operations as soon as
one hundred thousand dollars of the capital stock may have
been subscribed for, and certificates therefor, in shares of one
hundred dollars each, issued at such time and under such
regulations as the board of directors may prescribe, which
capital stock may from time to time be increased by the board
of directors to an amount not exceeding five hundred thousand
dollars, without the unanimoys consent of the stockholders in
general mecting, and with such consent the capital stock may
be increased to two million five hundred thousand dollars.
2. This act shall be in force from its passage.