The Richmond Virginian. (Richmond, Va.) 1910-1920, 1912-04-09
Richmond~Sees Johnson and Boehling Perform

Il 70 aid In thu construction or Inn
provement Of any road or highway
which the said corporation may &C.
uuire, construct, own or operate. or
to the construction. maintenance or
operation OF which the said corpora
ton may extend aid. or for any OF the
purposes OF the corporation: to pur-
chase. lease, or otherwise acquire,
hold, and use all such real estate or
other property as may DO necessary
or useful for the purposes OF the cor
poration.
(2) To lay out or locate any road
which the corporation by its articles
of association or the laws Of the State
Of Virginia shall be empowered TO
construct. maintain. or operate. ana
- contribute In any manner any por-
ton OF its assets to aid the State OF
Virginia or the several counties. cities
or towns through or into which the
proposed highway or highways be-
tween Richmond and Washington shall
be constructed or located IN the con-
structlon and maintenance or SAID
highways and. 10 TINS END. said cor
poraiion may make contributions d.
rectly TO the State or county authori-
ties or may. by cooperation with SAID
state or county authorities or any
apply any OF its assets to aid IN the
construction or maintenance OF sucn
said highways as the said county or
state authorities may be authorized
BY Jaw TO make.
f3J II being the primary purpose
OF said corporation to construct OF
aid in the construction Of and to
maintain or aid in the maintenance
Of public highway between the
cities OF Richmond. Va, and Wash
ington, D. c.. along the general routes
herein indicated. 1t Is expressly pro-
yided that said corporation may re-
ceive subscription to Its capital stock
or grants. gifts. devises. or requests
OF money or property for the general
uses of said corporation or for any
special uses within the charter pow
ers and purposes of said corporation
upon such conditions and subject to
such limitations as TO the use Of the
proceeds of said subscriptions or
said grants. gifts, devises or requests
as the proper authorities of said cor
poration may determine or may ac-
cept, and subject to any such condi-
lions or limitations as to such spe-
ciai subscriptions. grants. gifts. de-
vises or requests. the said corpora
ton may use any money or properly
which II may receive on account or
subscriptions to its capital stock or
by grant, gift, devise, bequest. or
otherwise, for the general purposes
Of the corporation In such manner
and IN such amounts as may be de-
termined by said corporation In It's
absolute and unlimited discretion,
subject only to the provisions OF
these articles Of association and the
laws Of the State of Virginia: Provid-
ed, however, that except az to any
real estate given or granted for right
Of way and subject to any conditions
which may be made as to the appli-
cation and use OF any money or prop
erty received BY said corporation on
account OF subscriptions to its cap
ital stock or any grant, gift. device.
or bcquest made upon special condi'
tions or limitations as aforesaid. the
corporation shall reserve not less
than 20 per cent of all money or
property received or acquired by II
from the proceeds of subscriptions
to its capital stock or by gift grant.
devise. or beauest. or otherwise, ana
set apart the same a. fund to pro-
vide for the maintenance OF said
highway or highways when con-
structed, which fund shall be gener-
ally known as the Maintenance
Fund" and shall be held and invest-
ed by said corporation as In the dis
erection Of the board OF directors or
executive committee may seem best
until applied to the maintenance or
any highway or highways construct
ed owned, or operated by said cor
porvtion or constructed and MAN.
tanned with the aid OF said corpora
ton. Said corporation may. In its
discretion, reserve q larger percent
age Of moneys or property received
by II as aforesaid, for the purposes
of said maintenance fund. but IN no
event shall the amount carried or
appropriated to said maintenance
found be less than 90 per cent. Ut all
money or property received by said
corporation as aforesaid, from any
source whatsoever.
(4) In appropriating the moneys
or property OF said corporation de-
rived from any sources whatsoever
as aforesaid. either to aid In the con-
struction or maintenance OF any high
way or highways or any portion there
Of located generally between the cities
Of Richmond, Va. and Washington.
District Of Columbia, either by direct
expenditure or by contributions TO
the funds OF the State or the sew
eral counties for the construction or
maintenance Of said highway. the
board Of directors. executive commit
tee or ofl1cers Of said corporation may
apply said funds to the purposes
aforesaid and to any Of the purposes
OF this corporation within their dis
erection and under such arrangements
AZ may be deemed by them best for
the general purposes OF the corpora
toni subject only. TO- the limitation
that there shall be reserved main
tenance fund Of not less than 30 per
cent. as hereinbefore set FORTH 1t be-
Ing the intent hereof that all the pro-
ceeds Of all subscriptions to the capt.
tai stock Of said corporation and all
moneys or property. real or personal.
Of any kind or character which may
be received by said corporation In
any manner Whatsoever and from
any source Whatsoever shall he an
piled Tor the public good and for the
purposS Of constructing or aiding al
rectly or indirectly In the construc-
ton Of an improved. modern high
way between Richmond. Va. and
Washington. d. c., and It Is the In
tent hereof that the broadest dis
erection shall be vested in the man.
agement Of said corporation In the
application Of said money or prop
erty to accomplish the purpose afore-
said. subject only to the express linn
itations herein contained.