Newspapers / North Carolina Whig (Charlotte, … / Sept. 4, 1855, edition 1 / Page 1
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CHARLiOTTE,N. C, 1855. THOU AS J. HOLT ON, KlUTUll it l'lUH'UlETOR. TERM'S: T ,e .Nurl'ia "ro.lllil " nip vviii m; a ii iriieu in ituii- : r i, m .ii IWH.I.AI1S hi mivaiic; T( . . , 11 1 1 I l... .. iV I I . I. i lU.-Ui.-i AM1 r IrTV l.KN Is if puriKtnt be j ,:, 1 .I i.'f mr.-c ih"iiiii ; ami 1 n n i,r,iwi,i,jiii , -t tin i nil lit tlio yriir. No p;i iM-r will be mscmi. " I t. illicit unlil nil irrtiirugr me kihI, txeit t the I m,li,,a ill the 1 ..li tor. . I . 1 1 j in n.Ttfrl :i I I Ifw ll.il li. iwr Id II n PI I H iiiiin ..r k, Huh med lyy ) I'd.' :ln llr.i ume. ! i i,d J.i units lor orii cimtiuuJiici:. Court ml. j ior orn cimiiiiuJiici-. uunn an. J SluritV S..l.n i-li.irgeu'4 kt duilijliirtiiiiiorxi:, i-ti.' vei'tisi-im-i) Is una .-,- I . li.L'lwr : mid h:,.WIII..i.M..(i... -j H- yeir. Ailvirti-i'iie nts nmertid iimnliiiy ori""J" "" " - i."" r n rii rlv. nt H -r miiuri! tor cnili tunc, istmi-, . - . . .. . i. j tin ra ore atilhorinl to act as nprut Alliinlic, Tciiiiosi'c k Ohio Iliiilfoiid AX ACT 7j xnrarpmlf the Atlantic, Tfiiurtutt and Ohio H'iiliojJ I'uwyiaiiy. Whereas, The lleiieral Assembly of the Slate of Tennessee, oi llie VMith day of l ib ruarv, 1 "', passd an act in the words and tiiin--! follomiii;, to wit : " Sk '. 1. !: it mm li l ' tlir dini rnl Amhhj J the Stair ul 1encr, H.al ' of .J a u , y tollowin-, to 0--.-itiii tho uum f,r the purple of establishing a commuiil- j ,)(,r of 6,iart;s t:lk( fll, tl re opcllill!r 0f "" h railroad, b.-t.-eii tliowU.-rs "1 ! ,lt. books of subscription ; and if it -bull b. lb Alla.-tio and tho (Mm-, river through : ollu ;, u , a,,,i;, ,,. I)11ll,l.r la.t obtained the States of North Carolina, lrimcssee, ! ,0 t).Me m.,.ivel oH ,ir..t 0,iellig 0f t,e urgiiuu anu im-uuicKv ; tnc 1 ol in anon oi a -. c,uiinny tn he called I he Atlantic, leunes. , ,ve aiiJ - Mho It.niroail ( mnpaiiy, is hereby , a(j (ij,; ;airoa. (',, anv shall be rc- ' UO continues to absent l.iuiself from the me -ting of the st.c!. holders, md ..Iteut-r il nuthoned, which, when lornied, shall have ; .,.,.,1 formed, and the said centra! : meetings of the board ; and all su.-h vaean-j directed by a by-law, -nd shall lave tlicpow furporatf txid.-nce in each of the Mates I c,,,,,,,,!,.,,,. or a m.-.i-.rity of thiin. shall 1 cies. and those that occur bv death or re-iif- I cr to call a general meeting of (he stoekbol- j;.iii sind. " -'. it fi 1 1 In r looks of suhvi ipii : f ! cnnctc.l, 1 hat pll :i lor sixty tlious iiid , tbare ol tlm capital stocK ot said eoinpiiiiy, of G Hi V do'i lis eaeh, shail be opetird on tlie fir-t Monday in Jul;-, 1"I, and shall b L j ! open tor twenty .lays, (Sunday, ei- j cifioi,) uii.tiu v.. i. ..os,,, , ,,. u,k .1.1 l..il..An I .. Ii.m.i ,. I ... , I. .V A , and four o el .r-K, 1 . . 1 , a, tuo f.,1- , inig pl.;rs, aim ly too lodowing com- , Cli ..le-tui, m the Stil-i of . .juth i Car Viiis, ()lt! jjt.U.H afore,ai, hy l)lu n.iui0 ,'uJ fjr tJC Atlantic, Tennessee and Ohio Kailroad ; " Ski-. J3. He it fn-'urei-irrrd, That ' the issuing of his warrant ; and if at the this company shall forever he free from tax ' r J allies Gadsden. e iruo A. 1 renholin. . i ,. i i. i ...i .1 r.... !... . ii ..r .1, I '..;... 1 .,.. 1 ,:. j ..i. t- 1 . .1 . .... .1... ..11 .. .. . 1 11,11-e.lll I "li vi i.i .-; ...ii- . .it ,, J mini ,S IJowio, Kerr II -yco and Samuel . .- . . t ..IL .. f I. ft rirrar; at c::ar.oue, i.im-o.ntoH, .Mir- .Jtiton, Statesville, f-ali-burv, Ta j!nrsvill, W'ilku-hnro', Concord . I.'-t.oir and Koon, in th-. .""tate of North Carolina, and at such ai.er place- and by such commissioners at nMi of aaid places, as lh Lgi-1 dure or i)verior of naid St. tie shall appoint ; at 1.,Uvi!le, M. M. Wagner, Isaac W. Me-vju-ni, A. V. Smith, lirecii Moore and K. b. I'.i.'g-r; nt Klual.etliton, Naihaniel G. '.'"I i. I ipton, . j.'r, William t-u-tn, I-aao 1 Uiiii.oi K'-iikhold and Jacob Couii i-i-i ; at J ; '-lyroii.-li, John A. Wilds. John T. U.iini., l.andoii ('. linyues, Wiiliam II. t'r-ii snl S-th J. Luckey ; at Hioyl V si lie, W as hi ii gf on con lit y, Ad.nu A. Iiroylesf .1 : - -h K'ippi-r, Jssilllli 1 Mitchell, Soalll li. l il'e and William Tyler ; at Sli.blb j i.i.in county, Al-ram .M.-Cn-iiau I, Mi I Masaii.-ill. KtUaney Millard, J.-s-e 1 and 1'iivi.i M. Ci.-liaiiil ; m l'-p. r . i'le, b . ,uai 1 1 ilium r, .) L'1 it. I' ll hi' v , d ihu Kini:, J -.in.-s Itmli-r and alentine Hi.lle-i.!-.n , st lllniiiilsi ille, Samuel Kh.-a, S'm, A elr-on. Win. (laniiin.ri, Abram I pt -hi rt.J W W. James; nt King-port, William I. vi a, .) i in. s II. Vanee, Ariusti-a ! Wall, 'Tiliilh Homii ami Itobett Tattou; at 1! )--r r-v il.., Jo-Inn I'iiipt, Win. J.v.iii-, Jo--pii llei-kill, Ihx Alexan-ler and l-r.ille lilifi kt Fall KrillK'll, J.llll.S . Weils, T.iot -.1 II. . ' r r 1 1 o i i . John Ka-ley, lieot;;e .1 on s and J.-bn im-tiit ; at 1 1 enc vil ie, A iiii i. r i.'.i.-uii", 'iiu. l.iwi-,, .l.iiiii IV .M. llowel, .1 villi Medail.-hev -ni l J -ep!l llro-Mi ; t Kb. atowti, Jos,., Hii'ter a, Jo-j.h Karii.-sf. I, .yd A. I ' x, James .lohti s.'ii and ilacib N-il; at I i r a) -!mr , N it ban M jr.-i 1 i-k, Win. Stonoeypb ur, J luies 1'erry, lljl.rt '1 li-.in ps hi and Win Crawford, in lie Si. ii,. ,,f t-i, ; nt Abin.-t-.n. Sj.lt- I-'', Marion, K-trenlie, J u. sv ill.-, and i.-.i ot!r r places in the Stale .f Vi.viui i, "a l l y tl v o fin-li e iniiiii--i ne rs at e.ieli of tj.d e.iceti, ti the l,..jislat-ne r,r tiovi-ruor r'f tie: last tneiitioncd St i'n slull designate or appoint ; at May- ill,-, .ex:il-ton, Frank Cif, S.i infield, Catlett butg, liieeliups ' ar.', I'a-derb ir.', I're.-toti-l-u .', I'alitviile, I'etrv C. II., Louisville, l'iket otl .i,i. Lit -!,, cy.an l sm- other p.lm-es in th( State of K. nimky, und by liv- -neb i-ommi i oners, 1,1 tin l.-vi-lat ore or ( loveni ir of tlie lat i iio.ii-.i-d St.. I.; shall designate or appoint. "Sk-. :t. li- il fiiilhri ciniiii,!, That the nl ciniuiis-iciiier-i or a majority of them at vlt of ; alon-said places, or so as a f r-oiid ti designated, shall r.-r.-iv.. - i'"i-ii,:ioi), of sfoi-k in thn railroad com I i'iy dining tl... time the said books are Ciie-led to be 1. . pi open; and on eaeh slinre siih-eribcd, may call f.sr atel receive the "mi of one dollar, but should the sum of i dollar not be required to be p iid at the - tie' of milking said sul.-ei iption, il shall in no wish vitistu said siib-s-nptioii, but the '' -nniii. .i.jiiers or their nieces, ,-ts may call I'r a n.J rrceirq I In: a a id one dollar nt any I niu ll.ere.ilt.-r. ""V. I. Br il l';i i'i, ciiii -lrd. That as f"!! as the lime of rccei v in-; sub-ci ipti-ms - - aforesaid shall have X ired, the said "niiiii-.-ioiH.rs shall di-posit the money so '"'"'ii-ed in hoiio- iueiii porat. d bank, t e-'o-'iuiiig its notes iii specie, to the credit of "'0 Atlaidio. Tennessiv and Ohio K.nlroad ) onm-iii,- . l...t . 1 1.1 : . 1 .:....! 1 I 1 "'it SH-nii't it not n- -1 ,11 , 1 1 ,1 1 -1- 'f Convenient. r il, posit lb" money iu some "icerporiited bank, t he said eominis-i mors : h'i authorized to retiiin sai l advance Pyiiioitt of 0110 dollar, and shall also for--rd a correct lid of all the subscribers to "aid slock with the number of shares subscriln r luu taken, toting what has bii-ti paid, by whom, and from whom the dollar has nut been collected, lo a een ,ral Coniiiiisi.)il to be eofnposed of flic f"lloiiig persons; Win. A Lenoir, nf l.e '"'iri N. C., A. K. Jackson, of Washington c""tily, and John S. (iain.-s, of S illivan 'otinty, Trim., Smuiel (ioodson, of Wash-'"-'in county, .1., nnd Win. Hi a-heares, brasl-enrusvilli. lv tt-lm nr a tnaioritv lioui, slmll meet nt Joncsborough on the - -Mdiday of October, Hoi, i.seertain tLe while number of shares taken in said i coMipmiy, ami 11 ine number ol live lliouH- and shares shall have been taken, the At- ' lanlic, Tennessee and Ohio Kailroad Com- pany man uu regarded as tunned, uut it , , , .1 t 1 , 1, number ol live thousand shares shall u nave uocu suiiscrineii, tne central com- mission may luiun 1111 direct the it umnit- als composing tlio nr.-t named committee to : ru-open said tmuks ot sulisei iption cu the nrst Mouuay ol .ovemlnT, !;!, at the places deni'tiated ill the -d section of this act, and keep them open for the space of aei, anu aei p ineiu ojieu ior me space oi : u j,, (-,, t10 kmM 0f 10 o'clock, a V, and 4 oelock, p. in., on each of tlios. , . , ;, caeu oi iiir iiaii s ineiiiioneu in saiu i section ; and the said commissioners or any of t Ik-in. may, by themselves, or agents, re ceive subscriptions of slock to the said com pany, at any other places than those men tinned in the said -d section, during tin- peeilied period of ten days, at the expira tion of which, it shall bu their duty to for ward a corn et list of the subscriptions no obtained on the m cotid r-pening of the books if said railroad company, and shall de-jio-it the money so received on said sub criptiotH as before directed, and report the -ame to the central commission, who, or a majority of whom, shall a".-iin asseml.l it , ! .Iriiit'sliiiriill.'li Ti.i.fl mi flip first MilnTnv li)(jk th.)t ivu ,,ollMlllll hlar,., hjau ,avc ; subset ib,-d. the Athititi-. Tennessee sign ar.d seal four duplicate declarations to , t):il ..flVfi ,l,e ;. ., 0f tl, ,!,. .r;i r4 .,,. ,,,,1 , 0( tl. u. i licati-s to he lor.vai di .1 to the s-ei-.-tiirv of tale, in each of t In j t :ate s of .Njitli-t'aroli- . lia, Tetiln s-i" ,r ii, ia and Kentucky, by I their oliiee, and thence- , ; ,. ortl aU( JrjHi t)ift . u( K,J.m,, ,m Ul)0,s i)f BUi,orilt,jn s aforesaid, the' said sub- s,.rj.rs t ,u. st,.l frlll a lojy .,uii. ,,.,rl.i , ,.,. ,,. ,,. 1-,. ,.1! UIC Mil lil'i: IUII'ill l. : " . .). lie it fin tier rimrtrd. That in . ,i ,,f t(,o ...-rs.-n,. fo, ,i,, ih.. id ,,, ....:,:., tKi, .,, ,?..j ., !.,. boro', on the said first Monday of October, I , or si-eonil of November, I ly, on tlie said first .Monday I, or attending, should re- fuse or be un-il.le to act, the remaining . number or numbers of the said central com- tni.-ion, shail forthwith hll the vacancy, and the p.-rsou or persons fo appointed, uai eous'.itiifc a part of said commission, i, . (j jf,. lt j,,,!,,.,- r, t.ieil, That, if on elosiiii- i books atoresai.I, the niiinber of five thousand share hM not La ve been suincribed, I ii-n, arid hi that case, the said central c-rio u-iioii by theuise.. res .-r their agents, ni.iy reei -, -ub.seriptioiis from any of the Stali-i f I u;, Kentucky, Virginia, Teuiicss.ee, Noith Carolina or S oath-t'aroii-li i, an I also from indivii mils or bodies corpo rate, till lli'? number ! live t bias. ml harc shall have been h i. -ei;.. I: imidi sainn be done -it or l.ef re the L'r-t , Tim iv of J anna, y , I " ".", a.i.' ff It . e llem-.i ii 1 jl: a . scribed, i' the mioic VV 'j.'D he said nuiiitier tavo been smIi- siia.l nave i.ceti u one la-t aforesaid, and on ii i . on or I" l..re li e d ay b. f tnal . thr.-e have sub-e ay if tie.'l.' i- . ell ii- ti ii i les number, but amouutine; H .1,1 shares or inor--, shall then sub-en'oed, the said boks el shall In.- closed, th" snl,-ei ibi rs shall a fort he in cef-irth form a body politic as and th" d.-clai ati-m thereof s,al hi I d.-p -lt. 1 in the f liu- of Stale in manner af.i.sii.f. . ,V it 'nit-re en i- fed, That, if r the b i .k- .'i the tir-t day of see-, e! .. ! v - si. ' : on obi-'.n. .1 anaary . I -ssirl si, arc- i. the numl er of three thou i ill I, ot hive b"-!l su'i-erihc-I, t he lu "-li. v I l.y ea. II by "li ,-r t"ir-t I, -ei ib.-r shall be retui lied t , I- , mi ioiicr- alt or more of the eom de J.iclin,' then from Wll ltever CX opening of 1! 1 use may Lave necurtcd in the e books nf sub-cription, either bv L'iviii.' a clu ck for t! r the amount if deposi- led in -i tin- haiiK, or an older 011 the per son in i band it in i v hive been retained, which the -aid ban!- or persons holding the lieoe v -h ill I e bound to pay, mily ill ca-i the ci iiir.il eoui-nis-ion, or a majority "I tli.-iu, shall have p-l,js:i-il a d-claralioli that the f iriiiatMii '( tie- e-unpany Ins failed for the want of three thousand shares having on siib-ei ibed. "S. '. - B-- it fu itin r en, a -lid, That tlie 1 sai l Atlantic, Tcnii's-eo and Ohio Kailroad Coml.aiiv so f .rnied as aforesaid. -hall h ive Perpetual su. ion of members; may have a common seal ; may sue ami bo sued, over tlm said h.nlroad, by Iueiii to lie con plea I and he impleaded in any court of law structed: 1'ini iihd, The charges of tran or t q iitv iii the Slates nf Kentucky, Vir-' port iti ui or conveyance shall not exceed ginia, l.uues-.e,. or North C.iioiina ; and . mil ty-live cents per hundred pounds oil 111.1 v make all sueh regulation-, rui- s, and ' heavy articles, or ton cents per cubic fool by-laws as are m ee--ary for the government ou articles of meaureincnt for every hun nf the cm poralion, or ulleeting the object dred miles, and live cents a mile for every lor which it was created : fun le I, ,-nich rules and by-laws shall lint be repu.'iiant to the law s nr eon -tit uti .11 of the said Slates, or of the I'liited States. " Si: -. ! Ii it li iinei run -ted. That the affairs -.f lb.' said C nnpany shall be man- si-ed and directed by a board to con-isf of titteeii directors, ot whom tourshall bcelceted 1 from the Stale of Ninth-Carolina, five from ! the State of Totine-ce, C c from the State of Virginia, nnd three loin the Slate of Kentucky, each of whom shall bo the owner in his own name and tight of at least ton shines nf the stock of said railroad coiu 1 1 mi 1 11 ... 1 .. .. .1 pany, ami sunn nave so 11.10 11 at icn-i mice llotit I previous to the election at which lie shall have been eh i t 1 a director, except iii the . lection of the tir-t board of directors The l'lc-blcnt t,.,ll elected from among their own number, in such manner as the regulations of the company may prescribe. "SK. III. lie tt I ill tin r enueled, That as soon a- the number of three thousand shares shall have been subscribed, it shall bo the duty of the central eomuiis.sion, or a major ity of th' in, to declare the same, to appoint a time for the stockholders to meet al Joncsboro', iu the State of Tennessee, which ihey shall cause to be published in one 01 more newspapei.i 1.1 North-Carolina, T.-i the several Mates ol iiui s.see, irgima an Kentucky, or such other Stales as they may . liniiK proper; at w hicU time auU placo tlio stockholders, in person or by projy, shull proceed to elect thn directors of the compa- ny, and to enact ail hucIi regulations, rules 1 t 1 1 ,1111 .1 and by-laws as may be necessary for the he (sold to any other person, government 01 ilia corporation, and I lie t transaction 01 lis business ; but should tticy tail to enact such by-Iuwu lor the govern- luei.t ot tlie board ot directors, it may Lu lawliil lor the board to enact such rules and by laws for their own government as to the in may seem needful and proper, provi- led two-thirds of the board may concur hcreinj but it shall be law ful for thn stock- aolders, when in couvetilioii assembled, to ! rescind, alter, or amend any such by-law as 'o llieni may seem ineiUitatilo or improper, ,hat may have been adopted by the board of directors. The persons elected at the i first meeting of the stockholders directors, hall serve lor a period not exceeding twelve months, anil such elections shall thenceforth tie annually held at the toun of Joncsboro', in tho Slate nf Tennessee : but if the day of the annual election shall pass without any j election being made, the corporation shall i not thereby be dissolved, but it shall he I lawful on any other day to hold and make such election in such manner as may be i prescribed by a by-law of the corporation, '. and the old hoard shall continue to serve ' until the new board s.ball be elected. "Skc. 11. lie tt Jmtlicr (nailril, That the board of directors, a majority of the j whole number concurring, may "expel a! member for any wanton violation of the '. ru;t.H aI1( J,y.avv!, 0f the eoitratioii, and any member's seat ma v be declared forfeited : nation, may be filled by the board during tie Ti. riod for which thev were elected, and i., ab-ence of the uresident tuav fill his tdace bv electing one of tbeir number ere. ' ident pio leinvwr. I - t i " h 1'-. lie it further tnm. tel, That ' the board of directors, at each annual meet- mp may appoint an executive committee, . to be composed of not less thau three nor 11Kre .', fue p,.rs0UH, who shall be stock- . , ,.r n, ,.,. , nT tl, Slnt..u I irnii,, i it-In nil lllll V I'.ISS, v uo III a V LC Ulll II'." IJ. IO tl act such local business as mav be entrusted to them by the board of directors, uti- der such rules and regulations as maybe prescribed, of w hich number, before pro- ce.-diiig to act, they shall elect a chairman and secretary, a minute of whose proceed- ingt aball be kept in a book, and shall rc- port every three months their proceedings lo tho boaidof directors, and should they fail at any time to carry out the instructions of the board, or be incompetent, may bore- moved and others appointed. " Y.c, Id. lie u Jiiillter niaeieii, that all contract-) and agreement--, authenticated by the president uii-1 secretary, shad re binding on the compa ny, itk or without a cal, or such other mode of authentication may be used as the company, or board of directors by their by-laws, may ad. pt. "Si:-. 11. lie it fiudiir rnncitd, That the board of directors shall have power to con - truet, as sp. e lily ns their mean will permit, a railroad, with one or more tracks. lo be ii-ed with steam, animal or other pow er, between Chariot!.", North-Carolina and some point on me r.asi tenne--ee ano i ir- ginia Uailroad, at or near Joi.-e-b oro', in - ...i i- .-p . i:. Washington coun'y. .- .d r :rm such eoiiin.c- tin ii by tin; w ay oi .tloeca-in tl ap of t liueh iiio-.iiitain, in tin- State of Virginia, by the most practicable lino to the Load w.itcE of Ihg 1 route c it.tr or b Kast shall -andy lliver, thotice the most elii'ibl. to the Ohio lliv er. and may put under et any poll ui "I the road, at cither dh cm 1-, or its intersection with the Tciine-.-ee and Virginia Kailroud, nnd be reroured to buiid onlv so inach of the said road as the means ut the company will permit ; the location to be fixed by the boar I -it director-, subject to the control of the stoekiioldei 5 at a general iiieetin. '1 be said company may Use any section of said railiuad before the whole shall be complete I, subject to the rates hereinafter luenti ili'-d . " Si: '. 1". lie it further eii'ielcj, That said company may construct branches, pro vided such branches shall not conflict with anv chart, red rights (xi-tiug at the time of iiieir construction, and provided tlu-y shall bo attended with 11 exeiiisive privileos, except the exclusive right of transportation of goods, wares, inert per-ons thereon, subj liandise, produce and ct to the rates lu re inal'ter mentioned. "St... li. 7V tt lialitrr ticnhd. That the said company shall have the exclu-ivn riht of transportation, or conveyance of persons, goo-Is, merchandise and produce passenger And pi'itlatil cisO, lli.it the said company may, when they sec lit, larni out their right to transportation on the said load, subject to the rates above mentioned, " St.-. 17. Be tt further elect, ,, That the said company, and every person who may have received Iroiu tueui the light ot transportation ot goods, wares and produce' on the said road, shall be deemed and taken ; to be 11 common carrjing as respects all : goods, wares, inerchi'U.lise and produce cu - trusted to them for transportation. "M-;-. 1 "V lie it fittllicr nuclei, 1 hat the board of directors may call for the pay - incut ol ioily-mne dollars on each share ol be entitled to seven votes ; tlunwnerof not the stock, in sums not exceeding' five dollars , less than twenty-one nor morethan Ueiity in every three months. The call for such i six shares, shall be entitled, t. (right votes ; instalment shall be advertised in ono or more 1 and the owner of not less tliaubvenlv-si-veii newspapers in North-Carolina, Tennessee, Virginia nnd Kentucky, and iu such other States, ii-nl in such oilier manner as they may think proper, at lea-t one mouth before the time the same is to be paid ; and failure to pay or secure to be paid, according; to the rules of the company, shall induce a forfei ture of the share or share on which default shall be so made, and the board of directors may, at tbeir option, declare tho same-forfeited, or they may take sueh steps for the collection of the amount in default as to them dl may seem right and proper; and should they declare the share or share? forfeited, i Whatever payments may nave neon made , thereon i-hall vest in and belong to the com- pany, and may be appropriated as tin -y shall . see proper; and the siock so lorn-uiu may , f ;'. iijunnci mi'.ni, inai no sum company may ar any nine, increase. , its capital to u sum sutticieiit to complete the nam roau. and stock it witli every tiling neesary f rive a Hill eperanou aim Hioct, : either by opening boo!; 8 for new st'ick, or . by selling such now stock, or br borrowing t money on tL-slit of the -.'"in . ry or on the moi tg:iVchartT aif.( I " Sbc. '-.'. lie it Jurtlfr enacted, That , the stock of the company may be transfer-1 red in such manner and torni as may Do di- reeled by the by-laws of the company. " Sbc. -1. lie it further enacted, That it shall be lawful for said company from time to lime lo vest so much or such parts of tbeir capital, or of their profits, as may not be re (juired for immediate use, until it may be sc n-rinirrd in the public Mock,or in tliestoek of any branch or other road connecting will, said railroad in the States of North Carolina, Tennessee, Virginia, Kentucky, or Ohio, oi in any incoi poratcd batik in thn said .States : J'ruwlrtl, 'I he same shall nt no time exceed one milliou of dollars, and the fame be mb united to the stockholders it a gcnr-ral meeting, and be approved by them, prtni- (led one half of the stock of said company be reprt seined in said general me.-tin. " He iljutllicr eimzd. Thai the board of directors shall oicc in every vear atlea.-t make a lull renor on the st ate of the company mid its aflaito a gnural dcr-, when the board may deeii it expedient, and the company may providi in tiic-ir by- laws for additional meeting beinrr called, and t-rcscribe the nude tlic eof, und the comi-any mav provide by a ly-law tor the votes ot stockholders at more lian one place, and also lor taking their vote on tmy unes- . I tion relative to the repeal, anratiouor a- iiicndnietit of, or addition to aty of the rules, regulations or by-laws of tlx compa.iy pro-1 r.nsi-ll hv I 111 in II ril nt direct ri. lln 1. iwil mil n Ulib'.ll Wl III... iil.v- ' luuo.iiiiic mm iiiq Hill 111 BilJ'l II I 'J r S U J IIOL and a lona tide stockholders his ow n ri-'ht ! ol at least ten shares, whiu he shall liave;moii as many jurors as may be necessary ! held at least three months prew us to bis 1 election (except at the first election shall be a director of said com any, nor shall , any stockholder vote in penoi or l-y proxy nt any general or other elcdnn (except the first ) who shall not have le'd in Lis own ' right the share or shares oi wiich be cfTers ; to vote, at lea.-t three niotil-f previous t) such election, nor shall an- stockholder vote in person or by prox who has failed or rt-iu-ed to pay any oittie iiistalnients made by said company,! proof of which 1 the person so otl.riiig to ote maybe rc- quired lo produce bis rctipt, or t ike an 1 oath or affirmation thai, tu same ha- bi-tli paid, or if he shall teiidcrbc auioui.i then due on sai l shares at the tne of oil. ting to vote, his vote shall be reedtd. " Six. I. lie it fni thcr no ted , That the stockholders may provie by a by-law as to flic number of stocklildtrs, and the amount of stock to be held ly thet:i wi shall constitute; a iiuoruin or tran-iu- ieh ing I.. ... . i.. J.- i . eu-iness at anv regular or cca.non :.i me-, i-1 ing -f sto. -klndders or .1 irecurs. "Si;-. U'i. Be t Jurlheenoi-ted, That no in ember of the general lard, or of t i,c ' executive coiomitfcc, or agnt of the con-1 panv shall be dirccti y or iudrcctlv inter, st-; el 111 any contract for w ork nor shall ary diicctor vol.; on tlie pnssngeif anv bill for tnati'i ia.s, in w iiieh he i.s u1. otly or in-li- n ctiy concerned, and every iicer, director, . or a em t iiaiinj this provi-tm mav he re moved from the board, bis oleor cmp'ov lnciit l y vote of the director-) " She. "Jti, Be it Jurther :,uietfd, That any stock balder ill the coinjny mav vote by proxy, who must be a re-lent of the I'-nit.-.l Slat.--, and before he otcs, he t.iny be rcq-iired by any stoekbiler to svvrar, t.iilt to his belief, the stock lull fine belol: os to the person whom ho rtj tsents rjjit.se nts ; lu loio iThovvu I'i.-ht. or any stock b ddor votes in lor an estate, be may be ni uite.l by u ny : is the i ci.,i MochlioMer to swear, that I "' -win r of the sai l stod his own right, or is testator or the legal represtdati v e of the intestate whomlo r. pn-o-.its, and that no other person l.iitiimse It', er the t-tate is directly or indir.'liy 1 titer, .-ted therein, to bis belief ; any .Site or county hold'iig stock, may vote by hob person cr person.-, as the legislature or Ipveriinr lli.-re-' of may appoint, or as may b anp.-intrd in any oth-r way, pursuant to le laws of the Stato, made tor that purpose " SK. -'7. lie it J11. ther eiujetrd, That. ! as fully as if it had been Conveyed by tho iu the el.-clioii of directors, s-.l in voting 011 ' owner or ov, nor- of the same, and the vain all questions whhdi may coie l-cfnre the ' ation if not received w lion tomb-red, may be meeting of the stoo' h blors,ir whieli may ; deposited in tho office of the cb-rk of the be -ubmilted to th" 10 cisiouuf the stock-j court whore the judgment was rocu-dod. holdeis in any other niaimr, the votes " Sk-'. 'VI. 1c it imther cmiitcl. That shall be taken according tothe following ' after the closing of the bonks of' sub-crip- scale ; the ow-.u-r nt one or ! share--, shall be entitled to one vote; tlieow nor of not1 le-s than three nor more than'our, sliaU be' entitled to two votes ; the owi;r of not les ; than five nor more than six shres, shall be I ; entitled to three votes; the nuier of 11 t less thau seven nor more thantight slisires, shall be entitled to four votes ;ibe owner ol not less than nine nor more thin ton shares, 1 shall be entitled t live voteS -.the owner of I not less than twelve nor inor than fifteen sha res, to six votes ; the owner ojuot less t ban 1 ' sixteen nor more thau tweiitylharcs, sbnli 1 nor more than thirty-three slices sb'tll be entitled to nine ; and the own;r of not less than thirty four or inoro thatfloity shares, shall be entitled lo ten votes; i.d the owner of every ten shares above fort), shall bo en titled therefor, to one voto : hnfideil, That no individual, corporation or ?tate, lioldiui stock in said company, shall be entitled to more than livo hundred volcs,aud oue vote for every fifty sliarca over five thousand shares. Sir. 'J"-, Be tt f rthr- eihctaT. That the said company may purchase, lave, and bold in fee, or for a term of year, any lands, tciieii.etHs or hereditament which may lie necessary for the said load, or for the one- lion of depositories, store houses, houses lor oincers, scrvuuts or agents ot the company,1 or lor workshops, or tor I. -undnes, to be us- eu ior tuu said company or lor procuring; 11 inner, stone, or oilier materials to bo used in tlie construction of said road , or for el- lectin transportation thereon. "Si;i.-. -.'U. be a junker t mulct, J lint the said con pany shall have the riirU where liceesnnry', to conduct the said road across or along any public road or water course : Pro- r'uh'd, 1 bat the iiaid road and the navigation of such water-course, shall not t hereby be obstructed. " Skc. :0. IJc it fmlhrr onuUil, That the said company may j'tneliu-e, have, and bold any bridgi. or turnpike out which or along w bii-h it may bo necessary to carry -aid road, and when rnrchase i.s made, to hold said bridge or turnpike road on the -ame terms, and wiih all the rights hich belong to .'he individual, individuals or cor porations from which such purch:.-e may be made: roiidrtlt The said company shall not obstruct any public road, without con structing another as convenient os may be. " r-'Kc. ."U. Uf it f urtln r emir 'd, That be president and directors of said company, or u majority ol tlicm or their authorized agents, may agree with the oh i-cr of any land, earth, timber, or stone or any other material or improvements which may l-p wanted for the construction or repair of any of said road or any of their works, for the purchase or use and occupation of the -ame; and if they cannot agree, and if the owner or owners or any of tlieni be Ji-iur lorerl under age, ?oi conijios mentis, or out of the county in which the property wanted may lie, vi here such land or inat.-ri al may be w anted, Application may he imide to .my jus lice of the peace of such county, who shall thereupon issue bis warrant under his band, directed to the sherilF of such county, re quiring Li m to summon a jury of five free holders, not related to any of the parties or in any w ise interested, to meet on the laud or near the propertv or materials to he va- 1 Jed, on a day named in said warra nt, not less thrill t. II nor liinl-.. t inn lu....!.. .1 ..Tl..r attend, said sheriff shall forthwith sum. with the jurors in attendance, who shall act as the jury of imjuest of damages, and be- fore they act an such, the said sheriff or other authorized per-.cn, shall administer to each of them an oath or affirmation, that he w ill justly and impartially fix the damages w bieh the owner or owners shall sustain by the ue and occupation of said property re- (piirc-d by the coi.ipany ; and the said jury in estimating such damages, shall take into eoiisiUcration tlie benefits resulting to the owner from conducting said road by, through or near the property of said own crs, but only in extinL'iiisliment of damages ; and said jury or a majority agreeing, --hall ! reduce their verdict to writing, and shall .sign the same, and it shall be returned by the Ishcrill to the clerk of the county court, and 'by such clcik shall be filed in his office, and ' shall be confirmed by the court of paid county at its nest session, if no sufficient cause to the contrary be shown, nnd when . so confirmed, shall bo recorded bv said clcik ! at me expense oi tue, Company; hut if ; set aside, or on the application of cither ...i , - party, the court shall direct andlior inqui- sit ion to be taken, and shall 110:11 inn to live other persons or commissioners, and dirert ' the slieritr to siiiiimoin them to nrnear on the premises within twentv days, and pro-: 'coed to di-oli-ir.-o tbeir dutv in the sum; manner as above prescribed f-.r the first named jury, and shall report their award to tin; ciicuit court held for said couiitv at its first session, t!, indgrjent of which court shall be final and conclusive, utiles.- appealed fr sin bv one of the parties; butthat the work may led bo delayed or the progress of tlie road hindered it shall be lawful lor the presi dent and directors of said company Ly them selves or their agents, after the assessment of damages bv the lir-t iurv of inquest, to ei. tor upon the preni-.-es and appropriate to tin u-e of the comp uiv anv land, earth, tini- b. - r, stone, or other materials necessary for the coiisti uctiou of said railroad, subject to the tmvmeiit of uhaUvcr d..,u.ii..-s. mav be awarded by the court to which an apical may he taken. The iurv of iiiiini.-itinn shall ; describe tho property taken, or t be bomids nf the land condemned, and the duration nt interest in the same, valued fur 1 he comp.i- ny in the report ; and such valuafi 111 hen temlored or paid to owner or owturs of said propertv, or bis, her, or their lo ivd retire-! s - ont alive, shall entitle said company to the I testate and interest iu the same thus value tion, and an csperiineiit.il survey being made nf the route from Charlotte, N.'ilh-C.ir-ilina, f the p.oint of int. r.-ortion with the Ka-t Tennessee and Vhgitiiar Uailroad, or from such intersection to the Mho lliver, or anv part thereof, tho company shall have five u-ar.- to commence the Lrraduatiou of any part of said road, and shall be allowed litteeii .ears thereafter to tim-li ami put iu op- ration cither branch of the road. Si: -, o-'b Be it turtle r r '. That if any person shsll wilfully and maliciously destroy or iu any manner hurt, damage or ob-truct the said road, or any bridgcof vehi cle used for or in the transportation thereon, such person shall be liable to be indicted therefor, and on conviction shall le impri soned not more than six nor less thau one m oiitli, and pay a fine of uot les-? than fifty dollars, and shall be further liable to pay all the expenses of repairing the same ; it shall be competent for any person, so offending aoainst the provi-ious of this clause, to de fend himself by pleading or givius' in evi dence that he w as the owner, agent or ser vant of the owner of aue'a laud when such destruction, damage or obstruction was done, at the time the same was camel 0r done ; and every obstruction to the free passive of vehicles ou the said road shall ' he a public nuisance, and be abated by any omcur o.- agent ot the company, and the person creating such shall bo liable, to in- dictiiient. MX'. .11. tl furtlur en v , That ht to the said cuinpany shall bavo tin; lai;e a: tin irstoreli oti-es they may r.-taWi nn; annex to their raiiroa-l. all e..jo.i--. w ares iiierchauui-e ami produce intended tVr i .1 n - - joit:itiuu, jresrril e rubs of puo'ity.ai.l charge an I leei ne such iu-t and re.i-onat:e compensation for storage, a tin y by rules may establish and publish, or as may be by agreement with tl owners, which tony bej distinct from the rates ol transporta tion : I'rm ideil, That the said company simll not charge or receive, storage on goo !, wares and merchandise or prod um which may be delivered to thein at their regular W.-pnsir-i. ries for iiiimedi.-ite trai .-portiitict), and w hich the said company may have the povv-r im mediately to transport. " f-K.-. Do. He it further emu-lei!, Thai the protits of the company, or so much there of as the board of diree'-.r- mav deem ad vi.-aMr, when the allair-i of the coinpanv may .erniit, shall be seini aiiiiuallv ilivideti among the stockholders in proportion to tin stock each may hold. "iSK'-.Dli. lie it further emvl'd, That the said company shall po-sess such addi tional powers as mav be convenient bjr Un due ami successful execution of tin; pow ers granted in this chart, r, and for the sue eesshil con-truetioii and management ot the work: this charter, however, may be amended from tinu to time by the legisla tures of the several St ates interested , when ever two-thirds of the board of directors shall petition for amendment-: and when such amendments shall be adopted bv the legislatures, and submitted to the directory . i . , , i ,ii to be accepted and adopted by a vote ot two thirds of the then existing board of di- rector.-, th.-y shall be obligatory on the com- pany, and not otherwise. '' -. 3". lie tt urther emictrd , That the riresiiln.r (tirpetors r.l.o-1.-. nonnlw .,l1i....i- and servants of said n.nany shall be ex - ' 'V AoiY, Caili,,, emptfrom military duty, except in c-.-es ot'"!"1 " ,s rarJe.lb toe ,u,th?,-,t,f nt invasion and insurrection, and shall also be "' l"1, A,1;'n,K'; r"" exempt from serving on juries and workin- 1 ' al,d ' ll:,.llfK"1 Company shall ho a .... J r t..-l - ft,-.i.. ,.. il.Ij f... 1 :.r. .1... nil till i lc rn.n s lln I ,.i ...rol,. t.,,,. .-.( V I o II , I IJ U 1 VuU , l.llll ,111 Its II A 111 I CS It II I appurtenances, including workshop-, ware- nou.-es and vehicles tor transportation, shall bo exempt from taxation for the period of twenty years from the completion of said railroad, and no longer ; the company shall have full power and authority to purchase and own such number of shares as may be necessary for the construction nf said road, and kceuiiiL- the same in renair. which shall likewise be exempt from taxation. St::. :i. lie it further runetfil, That sail " SKf. lie if further en anted, That Atlantic, Tennessee and Ohio Kailroad the said company may connect with the Company have power to re open books of Kast Tennessee nnd Virginia Kailroad, at subscription for additional share to too ca any point ' at may be azred upon by the '''al stock of said company, under the sit two companies, and it may be lawful, should peiiiitendence of the commissioner herein the connection not be made at any regular named under the adverti-eiiient, and at tlm pot, to use the track of the said Kast Ten- places named or under tho superiiiteiiH.Aeu uessee and Virginia Hailioad, in rnnniti of nther commissioners and other places, aa to the nearest depot in cither din-ctinn from the point ot intersection, on such terms may be lair ami equitable, and may bo agreed upon by the companies, and so as not to interfere with the riiiiiiin of the truirs of cars ou the East Tennessee an.l Virginia Uailroad; and it shall bethudiitv .i l. , oi luu company, nii'-n required, to extern) the same privileges to ollu r roads, and to receive on their road the full i ..aded freight cars of the Kast Tennessee, and Vir- yinia Railroad Company, niel such branches as mav be construete.!. and iraiisiiort the same to their destination v ithout cbatiginr 'the lis.ls thereof, or charging 1. r the goo-1., wares and merchandise and produce thei"- in any greater rate nt freight than is char ed for similar goods wares and merchandise and produce in their own cars, and return the cars so rec-ived : rmun 1 the track are of corresponding width, and that similar privih .- are extended to this conpa u . "Si:-. :)!. Be it 1 niti, er 1 ;!(. I, That in the event any of the Stales tbroii.-h which the Atlantic, Tonm-see and 'bio railroad may pass sh,;i!i fail to ro-ciiaet. this cli. liter, it iua be lawful to distribute the porticn of the. directory provided for said Slate in the !th section of this act among the other Stales according to the amount of their subscni tions, or may be given to other States when considerable subscriptions have boon obtained ; and should the citizens of .voulli t. aro.ina. Ohm or other States sub- .-onbe tor t-.vo hundred thousaii-l d j i 1 us In the stock of this company, it may be 1 1 . fui for them to be entitled to the election ol one director from said stockholders, and for every additional two bund red and fifty thousand dollars, the) .shall bo entitled to one other director, which may be provided tor l-y a ; by-law of the company, j "Si:-. 10. H- a J it .';- ro; That ::t may be lawful upon the enactment nf tbi 1 charter by the Stale of Noi'.lt Carolina for I the coiim ission.-rs named in the 'Jud sco i tion of this net i:i the States of North Care?- 1 lina au-1 1 etinessee to open tiooits ol s-inscr;p- mm 111 the several -aid States designate laces and counties 1:1 1 iu said senv-i for the capital .-lock of this company at any time prior to the first Monday of .Lily, I-"'!. which may be de.-iuuavd .y the tb'n ccn- I tral coiami-s.-iH rs uo-ioti-ited tor sail States in the lrd siclion nl this act, an !... :ii-d si etion nl till shall report to iti.-m at such tunc am! place as thev may designate. Hie amoiiii italM ed by the 0 tion, and it oiling of said bo '-k -of -itb-i rip it shall appear te-it tie- number of three thou .-b ares si) n -, L- 1,,-c 11 subsi-iibed, they may f ithwiiii d.-.-'.arc the company tanned as bob-re stipulated, an ! mav give notice for an election of nine ii; rectors to be hell at the town of Joues boro', Tennessee, at such time a. th"y may designate, and after orr.ar.iyi m as Lire it! before directed they may proceed to em ploy sti.-h number of competent eugiiiei-r ami force as may he necessary f su: rvy . niucll of said lino of the Atlantic, Icime-1-see and Ohio railroad that lies between Charlotte, North Carolina, .Mid the l'..i-l Tennessee and Virginia railroad, and when carefully surveyed may proceed to locate ihe same on the most practicable line be tween those point, and when the subscrip tions may justify they may put under con tract the graduation of the whole or any part of said line ; I'rnriilrd, They do not en- j c.-cd the amount "t ! contracts they may ',';'. -11. U ll feed the amount "f the subscriptions in the make. it J inther enfieni, That the said board of directors miy have tlm p-iwef in conti .ic'ii.-g fr the construction of .sai l load, or any part thereof, to ay any portion uf the same in '.V; --took of tne cmp-iry or in bond redeemable in tho st-jek, i i in mo!, ev, pro-, i-b-d t.u same shall not draw a eieaier amount of int. rest than sin p.-i centum per annum, Mid provided tho same he not u-ed nt a (ll-count below llieif par value. ;ilid the said ooird ol .itrect- ors shall bo autlioi i.i-d to receive suhsci ip tions to tUe block of tin- c -inpany paj ablo in labor, materials or piovi-iuin, sboul ! they deem it. advi-abb'. at such prices at may be ngrred upon between the individtislj making the subscriptions und the board : ' nvtdi 'I'hiit the siilui! be tendered or paid at siieb time nd place, in the line of aid railroad as the board may stipulate. If no price ngtc-d upon, the subscriber -hall not be entitled to a ciedit f-jr rnoie thiiti the cash nunket pi ice for the labor done, or the articles furnished, or the prices paid by the board to c intraet'irs,or pct.soiM uriii-hr.vg sii'nilar arlieb-s. "SK -. 1J. B- it frrlhr reunite,!. That if by decree or otherwise tin; said corporation -hall be dissolved, the president and direc tors of tin- company aro created trustees, with such powers only as may be neee;nry to e il'iet the debts due th- Company, pre serve the property, pay the debt, and tlis-Ir'-b .ite the properly and effect -i to thoso whouriv b- entitled then to ti'id.-r M " char ter : I1' -i '(. , The tiivtrtior of this State shail not, in any c-c, eiid-dac tbu boi-.is of '-aid comnaLiV." in- i i . , IIKKK.t-J, under said act of mcort-ora- ' 1 ;,io,,i ani! according to its provisions, a com- Ji.'iuy hath been formed and organised in ,he tUXe of Tennessee : Therefore, I . . , , , , , v.c. l. lie u enirvreei rite iiciicr al .is- i.xj.ij tvi j"i mr ill tin.! ,-i.ue, u,i.i iiilii tllu power- and privileges ill said act of incorpo ration granted, shall also have power fo ex tend their railroad fo some point ou the North-Carolina Western I ! ail road , or to some ,I'oi,it on d,, N'li-Carolma Uailroad E' . 1 it lurlher enivAeil, JliitSald company shall not b-.ve power to construct branches in litis State, or to extend their road further than herein mentioned, with out the consent of the Geueral Aaeetiibly of this ?tate. sai.l company or its ducUora may provma and direct. Si..-. 4. y;- said eompanv further enacted, That tho all have the s iim; power of survevin -. locating and coiideu.iiin; proper ty that is allowed iu the State ef Tennes see ; also alt the powers and privileges in constructing, equipping and running their said road, tn.it is by the said ' granted to them in flu- said State of Teuuese Ski-. 5. 7j'e il further enacted, That tba said company shall have live years to com mence the graduation of any part of said road, and shall be n'li-.ve.l fifteen years fr 1111 the passage of this net. to tltiish aul put iu operation their said roinl in this Stale. SL -. fi. 11- tt fnetliii- e,t,: 't:l, That ibis act shall bo iii f.rce ifm and after it- rat-itic.-.ti-'il. ( Hat t find the lo'h ;y if lib' nian 1 -o.j. I A STKAV.i: I'KKAIC OF NAT Lit i!. The following whieli a friend hands u-, is certainly the tno-t remarkable case of its kind that has ever come to our knowledge. It fir.-t appeared a paper known as tbu Hern,' rf Tru'lt, publi-hed, wc believe at A-beviile, N. C. It is fr5.ii a correspondent, of that paper, who writes over the sina tine of " Wesley" as foll-ws: Qoite mi tb" top of the Wuo K-bl jp, naf the Yancey line, (N. C there lives a lad, in many panic tlars much like a snake '. Uo is, from appearance, about 1-1 years ol 1, vv.-ll grown, and look finite healthy. His talk to a straii.-er is q -.iie indi-tiuet ; his tongue seeii.ii;; too heavy, wry oft- 11 thrust beyond tho n.outb, witu a roinn ', -. ibrat :ry in. oli;.. If;- baei,, iv titers t S;i: alld rodrii ed mys.-lf, i- j 'cd with iirbt and livid color-, much like the d.n 1; rattle-stialtu ; ais0 po esses a scab-y nature, smooth, whou r.i'.ln-d du.fuwar.1 ; but quite tsash, when the hsnd pa-scs dow-uvv ard . Ilis bands aro c-vercil with bar.!, bony excrescences, as if di-pj-c'l to firm a nmie. lie has ,1 .-tiatl.-e t.t-'.C I. !,,! only by serpents, whb fr Hi tlicir vic:::'is by 1 1 1 : 1 i . r nv.i-:o cxcel h are ehariued When wilder I as e.-ne, with a stiiilil: -"tt, great an-i rrttij comes crt.-.ti on is r. q-iir- I rd prcveut his runii "z into tt.e woods; nviii a s'ron-j di-po-i:io'i to steal into he -L wi! I '-res:, flu lc t . i.i y l.i.u-clf, by I on old log- ; o' nt -.flier tittle, dash w illicit .-.-1 -e of fear, iii the waters cf l.v 'invble, rmiiiiee 1,1 f .ti- from his .ei . U is 1 the tn-it'i. r lady of aoe now, vvu- , for., tie.- I iitli of this etrang..! sou, walking thr.'it-.'h an old field, ill search of reed-, to be u;-. d as "piiil-i in weaving, Sbe stepved 011 a rattle snake, but without btir j l-i'i. -. Aft-r tutiiitig round with rcueti aai ijlit, 'be procoede I to despatch !: v '. ii, is beast, which mother- and daughters arc not afraid to attempt i'l th'.-ts moiiutaii s. Uut. -tran.'o to t: !'. that son, in body and mind, bet's toarks of his moth er'.s peril marks -d tho s.-piatn )!- monster, whose chilling r-'itle was beard and who- writbings of death were felt by that nioi'ai-r while h, nisi ns the .ri-;.c'j ' head.1' Some strange things up in these moun tains 1 I
North Carolina Whig (Charlotte, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Sept. 4, 1855, edition 1
1
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