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 | 1891/1892 |
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Law Number | 262 |
Subjects |
Law Body
CHAP. 262.—An ACT to incorporate the Harrisonburg and
Bridgewater electric railroad company.
Approved February 16, 1892.
1. Be it enacted by the general assembly of Virginia,
That Rives Tatum, Charles Selden, Ed. S. Conrad, E. A.
Saunders, Ashton Starke, Charles E. Wingo, W. J. John-
son, William Loeb, and their associates and successors,
be, and they are hereby, constituted a body politic
and corporate, by the name and style of ‘“ Harrison-
burg and Bridgewater electric railroad company,” and as
such are empowered to locate, construct, equip and oper-
ate an electric railway, commencing at some point in or
near the town of Harrisonburg, Rockingham county, Vir-
ginia, and running through the streets of said town or
such of them as said company may desire, and a portion
of the county of Rockingham, through or near the town
of Dayton, in said county, to the town of Bridgewater, in
said county, running through the streets of said towns, or
such of them as said company may desire: provided the
consent of the councils of said towns shall be obtained
for the use of said streets, and may construct and operate
its said road in any other part of said county by and with
the consent of the county court of said county.
2. The said company shal! have the right to acquire lands
along the route of said railway by donation, purchase or
in any other legal manner, not to exceed two thousand
acres, to use, sell or hold the same; and shall have the
further right, with the consent of the board of supervis-
ors of Rockingham, to use as a road-bed for said railway,
a portion or side of the road known as the Harrisonburg
and Warm Springs turnpike, which portion of said turn-
pike shall be selected by the board of supervisors, or to
select any other route as to the stockholders and directors
of said company may seem advisable and which may
hereafter be selected.
3. The company may acquire by condemnation, accord-
ing to the laws of Virginia, the land required for the ne-
cessary stations, depots, and power plants for its opera-
tions, not to exceed two acres at any one point, and should
it not use the turnpike as the road-bed, the right of way
of one hundred feet in width for its railway.
4. It shall be lawful for said company to transport pas-
sengers, freight, and baggage over the line of their railway
and to collect such fares and toll for same as may be pre-
scribed by law.
5. The said company may use electric, steam, or horse-
power, and all such engines, machinery, and other appli-
ances as it may deem necessary to propel the cars along
its road.
6. The capital stock shal] not be less than five thousand
dollars, to be divided into shares of twenty-five dollars
each, which may be paid in cash, labor, material, bonds,
stocks, real or personal property, at such valuation as may
be agreed upon between the directors and the subscribers,
and tke subscriptions for the capital stock may be paya-
ble in such manner, amounts, and times as may be agreed
upon with the board of directors and the subscriber.
7. Said company shall have the power to lease ite road
and to borrow money for the use of the company, and se-
cure the loans by deeds of trust on all or parts of its road,
estate, franchises, and income.
8. The company is authorized and empowered to locate,
construct, equip, and operate any lateral or branch roads or
tramways not to exceed twenty-five miles, which a major-
ity of its stockholders may determine upon, and by such
route or routes as may be selected by the board of di-
rectors.
9. The board of directors shall be stockholders of said
company, and shall consist of such number as thé stock-
holders may determine upon, and shall be elected at the
stockholders’ annual meeting, and they shall elect one of
their number president.
10. The work of construction under this charter shall
be commenced within two years and said construction
completed in five years from the passage of this act.
11. All taxes due the commonwealth by said company
shall be paid in lawful money of the United States, and
not in coupons.
12. This act shall be in force from its passage.