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 | 1889/1890 Private Laws |
---|---|
Law Number | 155 |
Subjects |
Law Body
CHAP. 155.—An ACT to incorporate the Georgetown and Falls
Church railway company.
Approved February 4, 1890.
1. Be it enacted by the general assembly of Virginia
That George T. Dunlop, Isaac Crossman, O. E. Hine, W
S. Smoot, of Virginia; Samuel E. Wheatley, William
Laird, junior, Charles M. Matthews, Maurice J. Adler
Clement W. Howard, Malone Wheless, and Henry I
Davis, of the District of Columbia, and such other per.
sons as may hereafter be associated with them, and thei
successors be, and they hereby are, constituted a bods
politic and corporate by the name and style of the
“Georgetown and Falls Church railway company,” wit
all the rights, powers, and privileges conferred and sub.
ject to all the liabilities and obligations imposed by lav
in respect of chartered companies in this state, except as
in this act hereinafter provided.
2. The capital stock of said company shall be not les:
than three hundred thousand dollars, to be divided inte
shares of one hundred dollars each, but the said capita
stock may be increased, not to exceed one million dollars
at the pleasure of the holders of a majority of the capita
stock at any duly constituted meetingof the stockholder
of said company, at which a majority of the whole issu
of the capital stock at the time shall be represented, anc
each stockholder shall be entitled at any meeting of th
stockholders to vote the stock held by him, either in per
son or by proxy.
3. That from and after the passage of this act the cor-
porators named in the first section hereof, or a majority
of them, may receive subscriptions to the capital stock of
said company, and the subscribers to the said capital
stock shall be held to be stockholders: provided, that every
subscriber shall pay at the time of his subscription ten
per centum of the amount by him subscribed to the treas-
urer, Who may be appointed by said corporators, or a ma-
jority of them, or his subscription shall be null and void,
and the remainder of subscriptions to said capital stock
shall be payable in such instalments and at such times as
shall be thereafter determined by the stockholders of said
company.
4. That the first meeting of the stockholders of said
company shall be held at such time and place in this
state as the said corporators aforesaid, or a majority of
them (or if any refuse or neglect to act, then a majority
of the remainder), shall determine, public notice of such
meeting having first been given by advertisement at least
five days before the time of said meeting in some daily
newspaper published in this state, or by written personal
notice to each stockholder; and thereafter there shall be,
in addition to the annual meeting herein provided for,
such other meetings of the stockholders of said company
at such times and places and subject to such provisions
as to notice as may by the by-laws of said company be
prescribed.
5. That the government and direction of the affairs
of said company shall be vested in a board of directors,
not less than five nor more than nine in number, who
shall be stockholders of record, and who shall be elected
at the first meeting of the stockholders, and thereafter in
manner prescribed by the by-laws of said company, and
said directors shall hold office for one year and until their
successors shall be duly elected and qualified; and said
directors, a majority of whom shal] be a quorum, shall
elect one of their number president of the board, who
shall also be president of said company, and shall also
choose a vice-president and secretary and a treasurer, the
latter of whom shall give bond with good and sufficient
surety to said company in such sum as the said directors
mav require for the’ faithful discharge of his trust, and
said company may also provide in its by-laws for such
other officers and the manner of their election as they
may see fit; and in case of a vacancy in the board of di-
rectors at any time by death, resignation, or otherwise,
the vacancy so occasioned shall be filled by the remaining
directors, or in such manner as may by said by-laws be
prescribed.
6. That the board of directors of said company shall
have power from time to time to make, alter, and repeal
such by-laws, rules, and regulations as they may deem
needful and proper touching the disposition and manage-
ment of the stock, property, estate, and effects of the com-
pany, and the management of its business, not contrary to
this act or to the laws of this state.
7. That there shall annually be a meeting of the stock-
holders for choice of directors, and for such other busi-
ness as may by the by-laws be prescribed, to be held at
such time and place, under such conditions and upon
such notice as the said company in its by-laws may pre-
serilbe, and the directors shall annually make a report in
writing of their doings to the stockholders.
8. Said company shall have power and authority to con-
struct, equip, and operate, by steam, horse, cable, electric,
or other power a single or double track railway from a
point in the boundary line between this state and the Dis-
trict of Columbia, on the acqueduct or free bridge, by
whatever name the same may be called, over the Potomac
river from the city of Georgetown, in the District of Co-
lumbia, to this state, and thence through the counties of
Alexandria and Fairfax, by such route as may be chosen
by said company or its directors, to the town of Falls
Church, in said county of Fairfax (provided, however, that
this act shall not be construed to authorize the construc-
tion of a railroad to Mount Vernon,. or upon the land
owned by the Ladies’ Mount Vernon association), of such
gauge as said board of directors may elect or determine,
and with all necessary or convenient switches, turn-outs,
and other mechanical devices; and may erect and main-
tain at such suitable and convenient points along its
said road, as may be deemed desirable by said board of
directors, any and all engine-houses, boiler-houses, sta-
tions, and other buildings necessary to operate said rail-
way as aforesaid; and said company shall have the power
to acquire and hold such real estate and personal property
as may be necessary for the proper carrying out of the
purpose of the business of said company, and power to
enter upon and cause to be condemned such lands as may
be needed for said purpose, in manner as prescribed by law
for the condemnation of lands for works of internal im-
provements; and provided that any crossing by this road
of the Mount Vernon avenue shall be above the grade of
the latter.
9. Said company shall have, subject to the general pro-
visions of law not inconsistent herewith, tke right to cross
at grade over or under, intersect, join, or unite its railway
with any other railway now built or constructed, or here-
after to be built or constructed, at any point on its route,
upon the grounds of said railway company, with necessary
turn-outs, sidings, switches, and other conveniences in
furtherance of the object of its construction; but said
company shall not lay its -tracks across the tracks of any
other railway company at grade until the terms and plans
of such crossing shall have been agreed to by such other
roads; and should any other such railway company not
be able to agree with said company upon the terms and
plans of such crossing, the manner thereof shall be deter-
mined by the arbitration of two persons, one selected by
each party, and in case said arbitrators fail to agree, they
shall call in an umpire, whose decision in the premises
shall be final. And said company may, by due process of
law in that behalf, enforce the decision of such arbitra-
tors or umpire in any court of competent jurisdiction in
this state.
10. That whenever any part or portion of its line or
railway is completed and ready for use, said company may
equip and operate the same as though the whole were com-
pleted; and it may provide for transportation of pas-
sengers, freight, stock, and all other things, and collect
such charges and tolls therefor as may be proper or pro-
vided by law; and said company shall have power and
authority to lease its said road, and borrow money for the
use of the corporation, and issue its bonds or notes for the
same, and secure such bonds or notes by deeds of trust or
mortgage on all or a part of its property and franchises:
provided, however, that the right of way, road-bed, and
franchises shall not in any manner be disposed of without
the consent of a majority of the stockholders.
11. Said company shal] begin the construction of its said
road within one year from the date of the passage of this
act, and shall within five years after so beginning have its
road completed and in operation over its entire route; and
if that be so done then this act shall be forever operative,
otherwise it shall, as to the unfinished portion of said road,
be and become null and void: provided, however, that
nothing herein contained shall exempt said company from
liability to the forfeiture of its corporate franchises by
reason of non-user or other violation of law involving such
forfeiture.
12. All taxes due by said company to this state shall be
paid in lawful money of the United States and not in
coupons. ‘
13. This act shall be in force from its passage.
CuHaP. 156.—An ACT for the relief of Louis Jones, treasurer of
Middlesex county.
Approved February 4, 1890.
1. Be it enacted by the general assembly of Virginia,
That Louis Jones, treasurer of Middlesex county, be
allowed the further time of one year to distrain and levy
for and collect any uncollected tax tickéts still in his
hands for the years eighteen hundred and eighty-five,
eighteen hundred and eighty-six, eighteen hundred and
eighty-seven, and eighteen hundred and eighty-eight, not
returned delinquent or insolvent, for which he has
accounted to the auditor and board of supervisors.
2. This act shall be in force from its passage.