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 | 1901/1902 |
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Law Number | 555 |
Subjects |
Law Body
Chap. 555.—An ACT to amend and re-enact the charter of the Crystal Ice and
Power Company, granted by the judge of the corporation court of Danville,
Virginia, on March 8, 1900.
Approved April 2, 1902.
Whereas, W. J. Payne, D. A. Overbey, J. F. Rison, James I. Pritchett,
James G. Penn, F. X. Burton, M. P. Jordan, J. T. Watson, and R. L.
Dibrell were incorporated by the judge of the corporation court of Dan-
ville, Virginia, on the eighth day of March, nineteen hundred, under the
name and style of Crystal Ice and Power Company, with the principal
office of said company at Danville, Virginia, and a capital stock of not
less than twenty thousand dollars nor more than fifty thousand dollars;
and,
Whereas, the minimum of the said capital stock was subscribed to and
fully paid up, and the said company was duly organized and has actively
conducted its business, and is now conducting it under the said charter;
and,
Whereas, in the conduct of its business the said company has incurred
debts which it is unable to discharge with its present capital stock; and,
Whereas, the said company has determined to enlarge its plant and in-
crease its business, and for the purpose of paying its said debts and of en-
larging its plant and increasing its business it is necessary to increase its
capital stock from time to time, and to sell the said stock on such terms
and conditions as will meet the exigencies and demands of the said com-
pany; and,
Whereas, said company desires to have certain other amendments to its
said charter: now, therefore,
1. Be it enacted by the general assembly of Virginia, That the charter
of the Crystal Ice and Power Company, granted by the judge of the cor-
poration court of Danville, Virginia, on March eighth, nineteen hundred,
as aforesaid, be, and the same is hereby, amended and re-enacted so as to
read as follows:
2. That the name of the said company shall be, as it now is, Crystal
Ice and Power Company, and under such name it shall have perpetual
succession, power to suc and be sued, plead and be impleaded, prosecute
and defend in all the courts of this State; have a common seal, and alter
or change the same at pleasure, and generally have all the rights, powers,
privileges, and immunities appertaining to incorporated companies and
bodies politic under the laws of this State, and necessary for and incident
to its existence and the prosecution of its business.
3. That the capital stock of the said company shall not be less than
twenty thousand dollars nor more than one hundred thousand dollars, to
be divided into shares of the par value of one hundred dollars each; and
said company, or its successors, may, from time to time, increase its capi-
tal stock from the minimum to the maximum, as provided in this act,
and issue the same of onc or more classes or kinds, with such preferences,
conditions, and voting powers as shall be provided in the resolution of
the majority in amount of the stockholders authorizing the issue of the
same, and may sell or otherwise dispose of the said stock at such prices
and on such terms as may be approved by such majority of stockholders
at any meeting, and may receive in payment thereof property of any
kind, securitics, or shares in any other corporation, labor, material, or
services, and may make the subscriptions to said stock payable in such
manner and amounts and at such times as such majority of stockholders
may determine, and any stock so issued and sold or disposed of as herein
provided shall be deemed fully paid up and non-assessable.
4, The said company or its successors may, from time to time, borrow
money in such amounts as its board of directors may deem expedient, and
issue bonds or other evidences of indebtedness therefor, and. may secure
the same by mortgage or deed of trust upon all or any part of its prop-
erty and franchises, and may sell the same upon such terms as the board
of directors may determine.
5. That the said company may acquire and hold real estate in this
State to the extent of one hundred acres, and such other real estate as it
may find necessary to purchase in order to protect itself at the sale of any
real estate upon which it may have a len, or in which it may have a pecu-
niary interest.
6. That the principal office of the said company shall be in the city of
Danville, Virginia.
7. That the chief business of the said company shall be the establish-
ment and operation of a plant or plants for the manufacture and sale of
ice, and for refrigerating and cooling in Danville and vicinity, and the
manufacture and generation of electricity and electric power, and its ap-
plication and uses in the generation, distribution, lease, and sale of elec-
tric lights for domestic and public purposes in the city of Danville and its
vicinity: the generation, application, lease, and sale of electric power and
its uses in and about the business and manufacturing enterprises of the
said company, and also to such persons, natural and artifici al, for the use
thereof in the running of machinery or other purposes, and to this end
the said company may acquire adequate water power, either by lease or
purchase, and may develop the same by the erection and construction of
the requisite dams and other appurtenances and appliances, and other
essentials forthe development of such water power, and its use and appli-
cation to the purposes of the said company, nd the said company shall
have the right in the development and conduct of its business and enter-
prise to erect poles and string wires in the streets of said city, by and
with the consent of the common council of said city, and along the high-
wavs and approaches thereto, by and with the consent of the hoard of su-
pervisors of Pittsvlvania county, Virginia; make and do everything neces-
sary for the carrying out of its said purposes and business, subject only to
such ordinanees as the city of Danville may pass for the regulation and
control of the same within its limits and on the streets and highways
thereof and approaches thereto.
&. That the said company shall be lable to the same taxes that may be
imposed by law upon other corporations or persons exercising like powers
and privileges, and all taxes. ducs, and other demands against it which
may become due to the Commonwealth of Virginia shall be paid in law-
ful money of the United States, and not in coupons.
9. That the names and residences of the officers of the company who are
to manage the affairs of the said company until the next annual meeting
of the stockholders shall he and continue as they are—namelv: D. A.
Overbey, Danville, Virginia, president; R. Ta. Dibrell, Danville, Virginia,
vice- president : William J. Payne, Richmond, Virginia; James I.
Pritchett, James G. Penn, M. P. Jordan, J. F. Rison, W. W. Williamson,
B. F. Jefferson, Danville, Virginia, directors.
10. This act shall be subject to amendment, alteration, or appeal at
the pleasure of the general assembly.
This aet shall be in force from its passage.