Staunton spectator. [volume] (Staunton, Va.) 1849-1896, 1870-07-05
AN ACT

To Authorize Subscriptions to the Stock Of
Incorporated Companies by the Counties
of Rocking ham, Augusta. Rockbridge,
Botetourt, Craig and Roanoke, and the
Towns of Harrisonburg, Staunton, Lex
ington and Salem. voc
Approved June 9th, 1870.
BE IT ENACTED by the General Assembly
That it shall be lawful for the county court, or
common council or board of trustees of any of
the following counties and towns to wit: Rock
ingham, Augusta, Rockbridge, Botetourt,
Craig, Roanake, Harrisonburg, Staunton, Lex
ington and Salem, to make an order requiring
the sheriff or sergeant and commissioners Of
election, at "a time to be designated III such or
der, not less than one month from the date
thereof, to open polls and take the sepse of the
legal voters of such county or town, on the ques-
ton, Whether such county or town shall sub
scribe to the stock of any joint stock company,
Incorporated to construct railroad or turnpike
through, by or near such county or town; aud
by the construction Of which, such county or
town is likely to be benefited The said order
shall state the maximum amount proposed to
be subscribed and in case such order be made
by the county court of Rockingham, Augusta,
Rockbridge or Roanoke, the legal voters resi-
ding in the towns OF Harlsonburg, Staunton,
Lexington Or Salem, as the case may be, shall
be entitled to vote upon the question, and the
taxable Subjects in such town, shall be assessed
ratably with those Of the county as hereinafter
provided.
The commissioners of election, who, if
there be none otherwise legally appointed, may
be designated by such court or council or board
of trustees, after taking an oath faithfully to
discharge the duties of their Office, shall open
lie, +ba y,foooc Of c,oh
county or town, at the time designated in said
order and shall conduct such election and close
the polls as is provided by law in respect to
other elections; and at such election, each of
said voters who shall approve such subscription
shall deposit ticket or ballot, on which shall
be written or printed the words For the Sub
scription, and each Of said voters who shall be
opposed to such subscription, shall deposit a
ticket or ballot on which shall be written or
printed the words, Against the Subscription "
That Immediately after the closing Of the
polls, the commissioners OF election at the sew
eral places of voting in such county or town,
shall count the ballots deposited at such election
and shall make return, within two days after
such election, to the judge of such County
Court or to the Council or Board Of Trustees
of such town, of the number Of votes cast
For the Subscription and the number OF
votes cast Against the Subscription, and
shall also return to and deposit with the Clerk
of such Court, or Council, or Board of Trus-
tees, in separate packages, the ballots for and
against such subscription and it shall be the
duty of such Judge or Council CT Board OF
Trustees to cause the ballots to be counted, to
correct the polls and to ascertain and certify
the result OF such election, and to cause the
of such Court, or Council or 3 oard of Trus-
| tees And if it shall appear that three-6fths
Of the votes cast at such election are In favo,
of the Subscription, such Judge, or Council
or Board of Trustees shall forthwith enter Of
record an order requiring the Supervisors OF
| the County, or the members Of the Council,
| or board of Trustees to meet at time and
place to be named in the order, to carry out
| the wishes of said voters. The Sheriff or Ser
geant shall promptly summon the Supervisors
| or Councilmen, or members OF the Board OF
| Trustees In pursuance OF said order.
| If majority of the whole number of Super
visors. or Cour cilmen, or Trustees be present
at the time and place so designated, they shall
| proceed to act. If not, they shall adjourn
| from time to time until majority are present.
The said Supervisors, or Councllmen, Or Trus-
tees. majority Of the whole number being
| present. shall have power to determine wha,
amount of the Capital Stock, not exceeding the
maximum aforesaid, shall be subscribed for on
behalf of the County or Town; and shall enter
of record the amount so agreed to be sub
scribed and thereupon shall appoint an agent
or agents to make the subscription which shall
be paid in such installments as may be agreed
upon by such Board of Supervisors, or Council
or Board of Trustees, or as may be called for
by the Company.
And if in either Of said Counties or Towns
an election has already been held, on the ques
| ton of such subscription, in pursuance of the
laws in force at the time such election was held
the same shall, in all respects, be deemed and
held TO be as valid as if the same had beer
held under the provisions Of this act and il
such case it shall be the duty of the County
Judge Of the County, Or Of the Council o.
Board of Trustees of the Town, promptly te
ascertain the result of such election, and te
certify and enter the same in the proper recore
book OF the County Court Or Council. And i
it appear that the majority of the votes cast a
such election, required by the laws in force a
the time such election was held, were in tavo
of such subscription, the Judge of the Count.
Court Of such County, or the Council, or Boart
Of Trustees of such Town, and the Supervisor
Of such County, when elected, or the Council
men or Trustees Of such town, as the case ma,
be. shall in all respects proceed to act as pro
vided for in the next preceding section, and a
| if such election had been held under the pro
visions of this act.
For the purpose Of paying the quotas on sait
stock as they may be called TOR, or the install