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 | 1899/1900 |
---|---|
Law Number | 777 |
Subjects |
Law Body
Chap. 777.—An ACT to incorporate the Northern Virginia telephone and
telegraph company.
Approved March 6, 1900.
1. Be it enacted by the general assembly of Virginia, That L. E.
Oliver, Walter T. Oliver, A. H. Moncure, R. C. L. Moncure, W. P.
Moncure, junior, Doctor A. Leigh, E. L. Robey, Doctor C. T. Max
Wiehle, Doctor B. B. Detwiler, Doctor EK. L. Detwiler, Doctor W. P.
Moncure, W. Floyd Middleton, Frank VanDusen, and S. E. Smith, and
such other persons as may be associated with them, their successors and
assigns, be, and they are hereby, incorporated, created, and constituted a
body politic and corporate, under the name of the northern Virginia
telephone and telegraph company, and by that name shall have a com-
mon seal, which they may alter, amend, or renew at their pleasure, may
contract and be contracted with, sue, and be sued, and plead and be
impleaded in all the courts of law and equity and shall have and exercise
all the rights, privileges, and powers pertaining to a body corporate and
necessary or proper for the transaction of the business of this company,
including all rights and privileges given by the laws of Virginia to
telephone and telegraph companies and other works of internal im-
rovement, and be subject also to all the regulations and restrictions
imposed by the laws of the state on chartered companies.
2. The said company is incorporated for the purpose of conducting a
general telephone and telegraph business, or either, and shall have
the power to acquire, construct, equip, maintain, and operate telephone
and telegraph lines, with the necessary and convenient exchanges and
appliances, and establish and maintain offices, agencies, and exchanges
in the county of Fairfax and town of Fairfax, and in any other counties,
towns, and cities of this state, and erect, construct, and maintain its
poles, wires, subways, underground conduits, cables, lines, and any other
electrical conductors and apparatus along any of the public roads and
highways therein without obstructing the same, and along the streets
and alleys of the towns and cities therein, with the consent of the board
of supervisors of the counties or the councils of the cities and towns,
or the other proper authorities, and also through any private lands with
the consent of the owner thereof.
3. The said company shall have the right to acquire by purchase,
lease, condemnation, or otherwise, in accordance with the general laws
of Virginia on that subject, and to hold and thereafter to sell
or otherwise dispose of all real estate and easements necessary or
proper for the convenient establishment, erection, and maintenance of
such lines of poles and wires, underground conduits, subways, and sub-
marine cables, together with the necessary or convenient fixtures, offices.
exchanges, terminals or other facilities, and for the general conduct of
its business and any other purposes and uses of said company; the real
estate to be held by said company not to exceed ten acres in any one
county or city in which it operates.
4. The capital stock of said company shall not be less than one thou-
sand dollars, nor more than ten thousand dollars, divided into shares of
ten dollars each. It shall not be necessary to give any notice of the
opening of subscriptions to said stock, but the same may be subscribed
in such manner and at such times as a majority of said corporators may
determine.
5. Subscriptions to the capital stock may be payable either in money,
land, labor, services, material, rights, or other property, or in the capital
stock of other telephone or telegraph companies, upon such terms and
conditions as may he agreed upon between the said company and the
subscriber. Each share of stock shall be entitled to one vote, and each
stockholder may, in person or by proxy, cast one vote for each share of
stock held by him in all meetings of the stockholders. No stockholder
shall be liable or made responsible for the debts or liabilities of the
company for more than the amount unpaid on the stock held by him,
and in case his stock is paid up in full, then he shall not be liable. Any
other corporation or company may subscribe for, acquire, and hold stock
in this company only with the consent of a majority of the stockholders of
this company evidenced of record.
6. The officers of this company shall be a president and a secretary
(both of whom shall be ex officio members of the board of directors), a
board of not less than ten directors, and such other officers as the said
company shall deem best. - All the officers, including the board of
directors, shall be chosen by the stockholders at such time as may be
fixed upon by them. Until the first election, and thereafter until their
successors are duly elected and qualified, the officers shall be as follows:
Walter T.. Oliver, president; E. Iu. Robey, secretary, and the persons
named in the first section shall be the directors.
7. The company hereby incorporated shall have the power to acquire
by purchase, lease, subscription to stock, or otherwise, and use and
operate the works, property, franchises, rights, privileges, and immuni-
ties of any other telephone or telegraph company or companies, and may
make anv contract with any other such company consistent with the
laws of this state, and may unite with any such other telephone or ‘tele-
graph company or companies upon such terms as may be agreed upon
between them; and the power is hereby conferred on such other tele-
phone or telegraph company or companies to transfer by sale, lease.
or otherwise, their works, property, franchises, rights, privileges, and
immunities to the company hereby incorporated, or to unite or consoli-
date with it upon such terms as may be agreed upon between them.
8. The company may dispose of the whole or any part of its prop-
erty, however acquired, by sale, lease, or otherwise: may borrow money
for its purposes, and mavy issue its notes and bonds therefor, and may
secure the payment of the same by mortgage or deed of trust upon the
whole or any part of its property, works, rights, franchises, and privi-
leges, or otherwise.
9. This company shall have the power to make, ordain, establish,
enforce, alter, and amend such by-laws, rules, ordinances, and reculations
for the management and preservation of its property and for the con-
duct of its business, not herein specifically provided for, as they may
think proper, and generally may do every act and thing necessary to
zarry this act into effect: provided, such by-laws, rules, ordinances, regu-
lations, and acts be not inconsistent with the laws of this state.
10. The principal office of this company shall be at Fairfax, or such
other place in the state of Virginia as may be convenient or necessary
for the use of the company or the conduct of its business.
11. All taxes due by this company shall be paid in money, and not in
coupons.
12. The general assembly reserves the right to alter, amend or repeal
this charter at any time.
13. This act shall be in force from its passage.