Shenandoah herald. [volume] (Woodstock, Va.) 1865-1974, 1918-07-19

by the general assem-
sly for the purpose of the main-
enance of the State Highway
system. In each warrant therel
shall be a statement in brief of
the purpose for which the war
rant was issued.
3. An acceptance of the con-
veyance hereinbefore provided
for when the requirements of
this act in relation thereto shall
have been complied with shall
be made in writing by the State
Highway Commissioner and filed
in the Office of the Secretary of
the Commonwealth.
4. From and after said convey
ance the stock held by private
persons shall be cancelled and
the Commonwealth of Virginia
shall become the sole owner of
all the assets and property, real,
personal and mixed, of the said
Valley Turnpike Company, ex-
cepting that the net surplus in
the treasury of the Valley Turn
pike Company, as Of September
first, nineteen hundred and eigh-
teen. not exceeding the sum Of
forty-fve thousand dollars, shall
be paid to the individual stock
holders, as hereinbefore provid-
ed, this being considered pay
ment in full of tine stock owned
by them.
5. The attorney general shall
pass upon the legal effect of the
resolutions, and the conveyance
lof the Valley Turnpike Company,
as hereinbefore provided, and nc
lconveyance as hereinbefore pro-
lvided shall be accepted by the
Estate Highway Commissioner
Except and until the attorney
general shall in writing give hi.
Iopinion that the same is valid.
i 6. All acts or parts of act.
inconsistent with this act ART
hereby repealed.
Il By the terms of this law, pro
viding the stockholders of the
VALLEY Turnpike Company with
in sixty days of July 1, 1918
. authorize by proper and lega
resolution the conveyance of the
VALLEY Turnpike to the Common
wealth of Virginia, then the toll
gates will be abolished as O.
September /, 1918, and the state
is obligated to maintain the road
entirely at the cost of the state
treasury from the fund created
by payment of the automobile
license tax which is now, ap
lpreximately, 100000.
/ The maintenance of roads By
1.-THE toll gate system is conceded
Il to be obsolete and has only beer
ladepted throughout Virginia by
treason of the. fact that neither
1.-THE state nor the localities have
Heretofore offered any satisfac-
tory substitute plan for the main.
tenance of important highways.
1t would be manifestly unjust to
Impose upon the four valley
counties the cost of the mainte-
nance of the Valley Turnpike by
Virtue of the foreign traffic pass
ling over this road as it is the
connecting link between the
north and the south.
| At the last session, a compre-
hensive road plan was adopted
which will enable under normal
conditions. a tremendous devel-
opment in road building through
out the state. 1t was provided
that the automobile license fund
is segregated for the purpose
| of the maintenance of roads EN-.
braced in the State Highway
System. This fund is now, ap-
proximately; 100000 and there
are one thousand miles of road
in maintainable condition en-
braced in the State Highway
System as adopted by the Cen
eral Assembly pro-rating an av-
erage of 500 per mile per year.
to each mile of road in the sys-
tenn. There are, therefore, ade-
quate funds provided for the
maintenance of all roads in the
highway system.
Under the terms of the bill asI
above published-Section 2-the
maintenance of the Valley Turn
pike is perpetually guaranteed
by the State of Virginia. Mol
other road has such a guarantee. !
This guarantee was granted byl
the General Assembly in view of 1
the tremendous Importance oil
this highway both to the state