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 | 1895/1896 |
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Law Number | 419 |
Subjects |
Law Body
Chap. 419.—An ACT to amend and re-enact an act entitled “An act to incor-
porate the Alexandria and Fairfax passenger railway company,” approved
February 18, 1890, and to amend and re-enact an act entitled “An act to
amend and re-enact the first section of an act approved February 18, 1890,
entitled an act to incorporate the Alexandria and Fairfax passenger railway
company,” approved February 25, 1892.
Approved February 25, 1896.
1. Be it enacted by the general assembly of Virginia, That an act
entitled “An act to incorporate the Alexandria and Fairfax passen-
ger railway company,” approved February eighteenth, eighteen hun-
dred and ninety, and an act entitled “An act to amend and re-enact
the first section of an act approved February eighteenth, eighteen
hundred and ninety, entitled an act to incorporate the Alexandria
and Fairfax passenger railway company,” approved February twenty-
fifth, eighteen hundred and ninety-two, be amended and re-enacted
as follows:
§ 1. That Henry Strauss, Isaac Eichberg, George W. Fisher, and
their associates and their successors, be, and they are hereby, incor-
porated and made a body politic and corporate by the name and
style of the Washington, Alexandria, and Mount Vernon railway
company, by which name it shall have perpetual succession and a
common seal, may sue and be sued, plead and be impleaded, contract
and be contracted with, and shall have and exercise all the rights,
powers and privileges, and be subject to all the duties and obliga-
tions of corporations of a like character under the laws of the state
of Virginia.
§ 2. The capital stock of the said company shall not be less than
fifty thousand dollars nor more than one million dollars, to be
divided into shares of fifty dollars each.
§ 3. That when the minimum amount of its capital stock shall
have been subscribed, and the amount required by law shall have
been paid upon such subscriptions, the said company shall have
power to construct, operate and maintain a railroad for the carriage
of passengers, packages, freight, mail and other traffic by cars run
by animal, cable, or electrical power, or other motive power, from
such point or points and over and upon such street or streets in the
city of Alexandria as may be agreed upon between the said corpora-
tion and the city council of Alexandria, and over and upon the roads
of the Little river turnpike company, and the Middle turnpike, and
by, over, and upon such other route or routes, roads or streets, in and
through the counties of Alexandria, Fairfax, and Prince William, to
such point or points in the counties of Alexandria, Fairfax or Prince
William, or any or all of them, as the said company may elect, not
exceeding thirty miles from the corporate limits of the city of Alex-
andria; provided that any crossing by said road over the avenue to
be constructed by the Mount Vernon avenue association shall be
made above or below the grade thereof; and provided, further, that
the said company shall not enter upon the lands of the Mount
Vernon ladies’ association of the Union without the consent of such
association; and provided, further, that the said company before
occupying any street or road in said counties of Alexandria, Fairfax
or Prince William, shall first obtain the consent of the property
owners abutting on said road or street, or compensate them for the
damages sustained according to law.
§ 4. That the said company shall have a board of directors, to
consist of not less than seven nor more than twelve members, as may
be prescribed by its by-laws, to be chosen annually from the stock-
holders. The directors shall elect one of their members to be presi-
dent of the company. The directors shall also elect the secretary
and treasurer of the company, and such other officers as may be pre-
scribed by the by-laws. The incorporators herein named are con-
stituted commissioners to receive subscriptions to the capital stock
of the said company, and when the minimum of its capital stock
shall have been subscribed shall call a meeting of the stockholders
for the election of directors and officers, who shall manage the busi-
ness and affairs of such corporation until an election is held under
the by-laws thereof.
§ 5. The said company shall have power to borrow money on its
bonds or other evidences of debt at a rate of interest not exceeding
that allowed by law, and to secure the payment thereof by deed of
trust or mortgage upon its road and property, its franchises and
income, or any of them.
§ 6. The said company shall have power to acquire, hold, and
dispose of, in addition to its roadway, road-bed, stations, power
‘plants and termini, so much land as will be necessary for its pur-
poses, not exceeding five hundred acres.
§ 7. The said company ehall commence work under this charter
within two years, and complete the same within five years from the
date hereof; provided, however, that the rights of said company
under this charter shall not by the provisions of this section be in
any way impaired as to such portions of its work as shall be com-
pleted within the time herein limited.
§ 8. This act shall be in force from and after its passage.