Without limiting or restricting the general powers created by this chapter,the commission may:
1. Adopt and have a common seal and alter the seal at pleasure;
2. Sue and be sued;
3. Make regulations for the conduct of its business;
4. Make and enter into all contracts or agreements, as the commission maydetermine, which are necessary or incidental to the performance of its dutiesand to the execution of the powers granted under this chapter;
5. Apply for and accept loans and grants of money or materials or property atany time from the United States of America or the Commonwealth or any agencyor instrumentality thereof, for itself or as an agent on behalf of thecomponent governments or any one or more of them; and in connectiontherewith, purchase or lease as lessor or lessee, any transit facilitiesrequired under the terms of any such grant made to enable the commission toexercise its powers under § 15.2-4515 B 5;
6. In the name of the commission, and on its behalf, acquire, hold anddispose of its contract or other revenues;
7. Exercise any power usually possessed by private corporations, includingthe right to expend, solely from funds provided under this chapter, suchfunds as may be considered by the commission to be advisable or necessary inthe performance of its duties and functions;
8. Employ engineers, attorneys, other professional experts and consultants,and general and clerical employees deemed necessary, and prescribe theirpowers and duties and fix their compensation;
9. Do anything authorized by this chapter under, through or by its ownofficers, agents and employees, or by contracts with any persons;
10. Execute instruments and do anything necessary, convenient or desirablefor the purposes of the commission or to carry out the powers expressly givenin this chapter;
11. Institute and prosecute any eminent domain proceedings to acquire anyproperty authorized to be acquired under this title in accordance with theprovisions of Chapter 2 (§ 25.1-200 et seq.) of Title 25.1, and subject tothe approval of the State Corporation Commission pursuant to § 25.1-102;
12. Invest in if required as a condition to obtaining insurance, participatein, or purchase insurance provided by, foreign insurance companies thatinsure railroad operations, provided this power is available only to thosecommissions that provide rail services;
13. Notwithstanding the provisions of § 8.01-195.3, contract to indemnify,and to obtain liability insurance to cover such indemnity, any person who isliable, or who may be subjected to liability, regardless of the character ofthe liability, as a result of the exercise by a commission of any of thepowers conferred by this chapter. No obligation of a commission to indemnifyany such person shall exceed the combined maximum limits of all liabilitypolicies, as defined in § 15.2-4526 C, maintained by the commission; and
14. Notwithstanding any other provision of law to the contrary, regulatetraffic signals and other vehicle control devices within its jurisdiction,through the use of computers and other electronic communication and controldevices, so as to effect the orderly flow of traffic and to improvetransportation services within its jurisdiction; however, an agreementconcerning the operation of traffic control devices acceptable to all partiesshall be entered into between the commission and the Virginia Department ofTransportation, and all the counties and cities within the transportationdistrict prior to the commencement of such regulation.
(1964, c. 631, § 15.1-1358; 1966, c. 419; 1970, c. 449; 1974, c. 529, §15.1-1357.3; 1988, c. 834; 1997, c. 587; 2003, c. 940.)
Without limiting or restricting the general powers created by this chapter,the commission may:
1. Adopt and have a common seal and alter the seal at pleasure;
2. Sue and be sued;
3. Make regulations for the conduct of its business;
4. Make and enter into all contracts or agreements, as the commission maydetermine, which are necessary or incidental to the performance of its dutiesand to the execution of the powers granted under this chapter;
5. Apply for and accept loans and grants of money or materials or property atany time from the United States of America or the Commonwealth or any agencyor instrumentality thereof, for itself or as an agent on behalf of thecomponent governments or any one or more of them; and in connectiontherewith, purchase or lease as lessor or lessee, any transit facilitiesrequired under the terms of any such grant made to enable the commission toexercise its powers under § 15.2-4515 B 5;
6. In the name of the commission, and on its behalf, acquire, hold anddispose of its contract or other revenues;
7. Exercise any power usually possessed by private corporations, includingthe right to expend, solely from funds provided under this chapter, suchfunds as may be considered by the commission to be advisable or necessary inthe performance of its duties and functions;
8. Employ engineers, attorneys, other professional experts and consultants,and general and clerical employees deemed necessary, and prescribe theirpowers and duties and fix their compensation;
9. Do anything authorized by this chapter under, through or by its ownofficers, agents and employees, or by contracts with any persons;
10. Execute instruments and do anything necessary, convenient or desirablefor the purposes of the commission or to carry out the powers expressly givenin this chapter;
11. Institute and prosecute any eminent domain proceedings to acquire anyproperty authorized to be acquired under this title in accordance with theprovisions of Chapter 2 (§ 25.1-200 et seq.) of Title 25.1, and subject tothe approval of the State Corporation Commission pursuant to § 25.1-102;
12. Invest in if required as a condition to obtaining insurance, participatein, or purchase insurance provided by, foreign insurance companies thatinsure railroad operations, provided this power is available only to thosecommissions that provide rail services;
13. Notwithstanding the provisions of § 8.01-195.3, contract to indemnify,and to obtain liability insurance to cover such indemnity, any person who isliable, or who may be subjected to liability, regardless of the character ofthe liability, as a result of the exercise by a commission of any of thepowers conferred by this chapter. No obligation of a commission to indemnifyany such person shall exceed the combined maximum limits of all liabilitypolicies, as defined in § 15.2-4526 C, maintained by the commission; and
14. Notwithstanding any other provision of law to the contrary, regulatetraffic signals and other vehicle control devices within its jurisdiction,through the use of computers and other electronic communication and controldevices, so as to effect the orderly flow of traffic and to improvetransportation services within its jurisdiction; however, an agreementconcerning the operation of traffic control devices acceptable to all partiesshall be entered into between the commission and the Virginia Department ofTransportation, and all the counties and cities within the transportationdistrict prior to the commencement of such regulation.
(1964, c. 631, § 15.1-1358; 1966, c. 419; 1970, c. 449; 1974, c. 529, §15.1-1357.3; 1988, c. 834; 1997, c. 587; 2003, c. 940.)
Without limiting or restricting the general powers created by this chapter,the commission may:
1. Adopt and have a common seal and alter the seal at pleasure;
2. Sue and be sued;
3. Make regulations for the conduct of its business;
4. Make and enter into all contracts or agreements, as the commission maydetermine, which are necessary or incidental to the performance of its dutiesand to the execution of the powers granted under this chapter;
5. Apply for and accept loans and grants of money or materials or property atany time from the United States of America or the Commonwealth or any agencyor instrumentality thereof, for itself or as an agent on behalf of thecomponent governments or any one or more of them; and in connectiontherewith, purchase or lease as lessor or lessee, any transit facilitiesrequired under the terms of any such grant made to enable the commission toexercise its powers under § 15.2-4515 B 5;
6. In the name of the commission, and on its behalf, acquire, hold anddispose of its contract or other revenues;
7. Exercise any power usually possessed by private corporations, includingthe right to expend, solely from funds provided under this chapter, suchfunds as may be considered by the commission to be advisable or necessary inthe performance of its duties and functions;
8. Employ engineers, attorneys, other professional experts and consultants,and general and clerical employees deemed necessary, and prescribe theirpowers and duties and fix their compensation;
9. Do anything authorized by this chapter under, through or by its ownofficers, agents and employees, or by contracts with any persons;
10. Execute instruments and do anything necessary, convenient or desirablefor the purposes of the commission or to carry out the powers expressly givenin this chapter;
11. Institute and prosecute any eminent domain proceedings to acquire anyproperty authorized to be acquired under this title in accordance with theprovisions of Chapter 2 (§ 25.1-200 et seq.) of Title 25.1, and subject tothe approval of the State Corporation Commission pursuant to § 25.1-102;
12. Invest in if required as a condition to obtaining insurance, participatein, or purchase insurance provided by, foreign insurance companies thatinsure railroad operations, provided this power is available only to thosecommissions that provide rail services;
13. Notwithstanding the provisions of § 8.01-195.3, contract to indemnify,and to obtain liability insurance to cover such indemnity, any person who isliable, or who may be subjected to liability, regardless of the character ofthe liability, as a result of the exercise by a commission of any of thepowers conferred by this chapter. No obligation of a commission to indemnifyany such person shall exceed the combined maximum limits of all liabilitypolicies, as defined in § 15.2-4526 C, maintained by the commission; and
14. Notwithstanding any other provision of law to the contrary, regulatetraffic signals and other vehicle control devices within its jurisdiction,through the use of computers and other electronic communication and controldevices, so as to effect the orderly flow of traffic and to improvetransportation services within its jurisdiction; however, an agreementconcerning the operation of traffic control devices acceptable to all partiesshall be entered into between the commission and the Virginia Department ofTransportation, and all the counties and cities within the transportationdistrict prior to the commencement of such regulation.
(1964, c. 631, § 15.1-1358; 1966, c. 419; 1970, c. 449; 1974, c. 529, §15.1-1357.3; 1988, c. 834; 1997, c. 587; 2003, c. 940.)
