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

:
Assembly-Highway Also Eli
gible To Get Money Aid From
the United States Government.
Editor The HERALD -
The stockholders of the Val
ley Turnpike Company will short
ly be called upon to decide the
question of ratihca-
ton of the transfer Of the Valley
Turnpike to the state of Vir-
ginia and the adjustment Of toll
gates as provided for in recent
legislative enactment.
This matter so vitality affects
the people of the Valley of Vir-
ginia that am taking the lib
erty to publish the law as passed
so that this can be the basis for
such discussion as the people IN
terested desire to hold. The law
as passed is as follows
Whereas, heretofore the VAL
ley Turnpike owned by said cor
poration has been maintained by
tolls paid by travellers thereon.
and this being trunk route be-
tween the north and the south, it
is desirable for the state of Vir-
ginia to relieve said turnpike of
such tolls
/. BE it enacted by the gen.
eral asse mbly of Virginia. That
should the stockholders of the
Valley Turnpike Company with.
in sixty DAYS of July l, 1918,
authorize by proper legal reso-
luton the conveyance of, and
such legal conveyance be made
of all the assets and property,
real, personal and mixed, of the
said turnpike company to the
Commonwealth of Virginia, then
the directors of the said corpora
ton representing the interest of
thus Commonwealth are author
lied and directed to pay each
private stakeholder his pro-rata
share of the net surplus in the
treasury of the said Valley Turn
pike Company not exceeding
total sum OF forty.fye thousand
dollars. In the event the net
surplus of the Valley Turnpike
Company on September first,
nineteen hundred and eighteen,
does not exceed forty-five thous-
and dollars, no part shall be paid
to the Commonwealth. Any
amount in excess of forty-fve
thousand dollars on September
first, nineteen hundred and eigh-
teen, shall within ninety days
from that date be paid into the
treasury of the Commonwealth
and expended by the State High.
way Commissioner for the bene-
fit Of the Valley Turnpike. The
of the assets and
property of the said company
shall take effect September first,
nineteen hundred and eighteen.
For the year ending September
first, nineteen hundred and eigh-
teen, the Valley Turnpike Com
oany shall expend for mainte-
nance at least the same sum that |
was spent for the year ending |
September first, nineteen hundred
and seventeen, to the end that |
The roadbed, bridges, culvsrts,
ETC., shall not deteriorate before
possession is obtained by the
state. i any of the stockhold-
RS, or their legal representatives.
;aunot be found by September
irst, nineteen hundred and eigh.
cen, the treasurer of the VALLEY
Turnpike Company shall give
lotice by publication for thirty
lays in the newspapers along
lie route of the Valley Turn
ike, giving . list of such stock,
folders who have not claimed
heir pro-rata share. If on jan
Iarv first, nineteen hundred and
wenty, any of the stockholders
r their legal representatives,
annot be found, then their pro-
alta share shall be paid into the
easury of the Commonwealth
nd expended for the benefit of
he Valley Turnpike by the ,
tate Highway Commissioner. |,
2. When the conveyance here I
lbefore provided for is made.
ne Valley Turnpike shall be- q
,me state road, and it shallIN
tcome the duty of the State \
Highway Commissioner to take 9
large of the same and constant d
maintain it in good order, and f
lat adequate facilities shall bel
.oyided for the traffic thereon K
the Performance of such duty.
: 4.