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 |
---|---|
Law Number | 657 |
Subjects |
Law Body
Chap. 657.—An ACT to incorporate the Greenesville and Dinwiddie Railway Co
pany.
Approved April 2, 1902.
1. Be it enacted by the general assembly of Virginia, That P. D. Cam
J. L. Camp, R. J. Camp, G. W. Truitt, W. Samuel Goodwyn, and J. |
Parker, and such other persons and corporations as may be associat
with them, shall be, and they are hereby, constituted and declared to be
body politic and corporate by the name, stvle, and title of Greenesvil
and Dinwiddie Railway Company, and by that name shall have perpetu
succession, and shall be capable of suing and being sued in all courts.
law and equity. Said company may have and use a common seal, whi
it may alter or renew at pleasure, and may make and adopt ordinanc
by-laws, and regulations not inconsistent with the provisions of this ac
the laws of the State, or of the United States, for the government of i
officers and agents, and the proper conduct of its affairs.
2. The said railway company created by this act shall be. and it
hereby, authorized and empowered to locate, construct, equip, mainial
and operate a railroad of one or more tracks of such gauge as it may see
fit to adopt. Said railroad to commence at seme point in Dinwiddie
county within ten miles of Dinwiddie courthouse, and extend thence by
such route as shall be by said company deemed most advantageous
through the counties of Dinwiddie, Brunswick, Sussex, or Greencsville
to some point in, Greenesville county within ten miles of the town of Em-
poria, with power, from time to time, and either before or after the com-
pletion of its principal line of railroad, to locate, construct, maintain,
equip, and operate such lateral branches from, or extensions of, its said
main line, not exceeding twenty miles in length, as may be determined
to be expedient, and with power also to change ihe said gauge and adopt
any other gauge whenever it may be advisable to do so. The said com-
pany may commence the construction of its road at any point or points
on its contemplated line, and may equip and operate the part or parts-so
constructed with the like effect as if its whole line was then completed.
And said company shall have and possess all necessary powers for con-
structing and completing the works by this section authorized.
3. The capital stock of the said company snall not be less than ten
thousand dollars nor more than one hundred thousand dollars, to be
divided into shares of one hundred dollars eacn, and whenever one hun-
dred shares of said stock shall have been subseribed for, and five dollars
per share shall have been paid thereon, the organization of the said com-
pany may be forthwith completed by the election of the officers of said
company as hereinafter provided. The said company is authorized and
empowered, from time to time, to issue its bonds to such an amount as it
may consider necessary for the purpose of locating, constructing, main-
taining, operating, and equipping its said railroad, and all branches and
extensions thercof; and may secure the same by one or more mortgages
or deeds of trust on its railroads, franchises, and income, and the real
and personal estate of the said company, or such part or parts thereof as
may be designated in such mortgages or deeds of trust, respectively.
4. It shall be lawful for the said company to connect its-line of rail-
road with that of any other railroad which it may cross or which may be
tapped, reached, or intersected by the line of railroad of the said com-
pany, or any of its branches or extensions by this act authorized, upon
such terms and conditions as are prescribed by law or may be agreed
upon between the said company and the company owning or controlling
the line of railroad so tapped, reached, or intersected.
5. The said company is authorized to acquire, by purchase, gift, or con-
demnation, all such lands as it may need upon which to locate the said
railroad line and branches and extensions therecf, and for such station
or terminal purposes as may be needed to accommodate its business, sub-
ject only to the general laws governing railroad companies in the ac-
quirement of lands for such rights of way and station or terminal pur-
poses.
6. The persons mentioned in section one of this act shall have and
possess the powers and authority of the officers of said company for the
purpose of organizing said company, and for all other necessary pur-
poses, until a president and other officers shall have been chosen for said
778 ACTS OF ASSEMBLY.
company as hereinafter provided. The acts of a majority of the s
corporators shall be valid, and on all questions for their determinat
a majority thereof shall possess the like powers as if all were prese
When one hundred shares or more of stock shall have been subseril
and five dollars per share shall have been paid thereon as provided
section three of this act, the said corporators, or a majority of them, n
call a meeting of the said subscribers to the said stock at such tite %
place and upon such notice as to them shall seem proper for the elect
of a president and other officers of the said company.
?. The officers of the said company shall be a president, vice-preside
secretary and treasurer, and a board of directors composed of the s
four officers and such others as may be prescribed by the by-laws of
said company. All of the said officers shall be clected by the stockh
ers, and the secretary and treasurer may be the same person. There r
also be such other officers as the stockholders shall determine. Ann
meetings for the election of the said officers of the said company shall
held at such time and place as shall be designated by the by-laws.
failure in any year to hold such meetings and to elect said officers s|
not work a dissolution of the said corporation, or affect its legal sta
or existence, but the officers then in office shall ccntinue therein with :
power and authority until their successors shall have been duly elec
and with full power to fill any vacancy that may exist for any reason
their own number. At all elections and on all questions at stoekhold
meetings each stockholder shall be entitled to cne vote for each shar
stock held by such stockholder, and a majority of the votes shall cont
The place of the principal office of the said company shall be in the Si
of Virginia, the duties of the officers of said company, and all other r
and regulations governing and concerning the management of its aff:
shall be fixed by the by-laws of the said company.
8. The said company, in the construction of its principal or bra:
lines, shall have, subject to the provisions of law, the power to cros:
grade or over or under any other railroad now constructed or which r
be hereafter constructed, and which may be crossed by its line of r
road, or branches thereof ; and also the power to bridge any stream wh
may be crossed by its said line of railroad, or branches thereof.
9. The said company shall be, and is, invested with and possessed of
the powers conferred upon railroad corporations by the general laws
this State relating to railroad companies, and is subject to all the
strictions of the same not inconsistent with this act.
10. The said company shall commence work within one year, and ec
plete at least five miles of same in five years thereafter, otherwise
powers, privileges, and franchises by this act granted and conferred s1
cease, determine, and hecome null and void.
11. This act shall be in force from its passage.