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 |
---|---|
Law Number | 66 |
Subjects |
Law Body
CHAP. 66.—An ACT to incorporate the Norton street railway
company, in Wise county.
Approved January 16, 1892.
1. Be it enacted by the general assembly of Virginia,
That W. A. Ayers, F. Kerr Ffolliot, C. F. Flanary, C. F.
Hagan, P. H. Rorer, I. §. Ross, and E. P. Tate, and their
associates and successors, be, and are hereby, consti-
tuted a body corporate by the name and style of the
Norton street railway company.
2. The said company shall have power and authority to
construct, equip, maintain and operate a street railway in
and along any of the streets or roads within the proposed
town of Norton, known as East Norton and West Norton,
Wise county, Virginia.
3. It shall be lawful for said company to transport pas-
sengers, freight, baggage, and United States mails over the
line of their railway, and to collect fare and tolls for same;
and may use horse, steam, or electric power to propel the
cars on its road.
4. The capital stock of said company shall not be less
than two thousand dollars, nor more than fifty thousand
dollars, to be divided into shares of fifty dollars each.
5. The said company may acquire and own real estate,
net to exceed five hundred acres, and shall always have
its principal office in the town of Norton.
6. Said company shail have power and authority to
lease its road or roads, and to borrow money for the use
of the corporation, and to secure such loans by deed of
trust or mortgage on all or part of its real estate and fran-
chises and income.
7. Said company shall have power and authority to con-
solidate with and to co-operate with any railway or street
railway company incorporated under the laws of Virginia.
8. The incorporators hereinbefore named, shall consti-
tute the first board of directors of said company, and
until their successors are elected by the stockholders,
shall manage the affairs of said company. And said com-
pany shall pay its taxes in money, and not in coupons.
9. This act shall be in force from its passage.