Newspapers / The North-Carolina Star (Raleigh, … / March 28, 1849, edition 1 / Page 1
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M nios. j.LEtfAY, Editor nd Proprietor -r v jjortjj iroluapptoftur Itt Iflteiliitual, moral and pfjpicalcouf-tljelanbot cup rtf an&tjjt Jjomcaf cur of ft cttcn. '.- THREE DOLlins. Yearin Adynce; VOIr 40. ItALEIGIf , N. C . WEDNESDAY, If ARCH S8, 1849. -4 No. i a. LAWS PASSED BY THE :Laisl<uai: or uobth caholiha, AT ITS SESSION OF ISIS -'49. BY AUTHORITY AN AClMo incorporate the FnyettevilleVnd Western Plank Road ComDanv. i See. 1. Be it enacted by the General Jitembly of Vie frate of forth Carolina, and iti hereby tnacled ly the authonty of the same, That it shall be lawful to open boofc'&ln the town of Fayetevilie, andef th4Uition of George McNoill, James KVIp A A McKethan. John II. Cook. E. J. Halo, Win. H. Jlayne, Charles Montasue, Duncan G. McKay, Daniel Mc Diarmid, Henry Elliott, Charles T. Hnigh, John T. Gil-tn-ve, JJenjamin W. Robinson, Thomas N. Cameron, Dun can Murchisoit and John Waddell; endin the town otSalu-. "bury, under the direction of D. A. Davis, John J. Shaver, Joseph F. Chambers, and Calvin S. Brown; and nt such other places, nnd under the direction of such other persons, ns the commissioners hereinbefore named to superintend the receiving of subscriptions in the town of Fayettevillo shejl die-t, for the purpose of receiving subscription to an amount not exceed'ngr two hundred thousand dollars, in shares of My Mlarseacb, for th purpose of effecting a comniumcn- lion uy means oi u jjiuiik rutiu iiuui uid """-"mji-j;,, ;o the town of Salisbury, by the most practicable route, to ne determined by the said company, after the same shall iiave beea-fortnedf--''--.. See. 2. fie it further enacted. That the times and plate r .,.; irinfT iihrrintiniiQ fihnfl hfl ndvertised JU 0116, iyncitft. fi'."v" - r""" ----- - or sioticrs sha1' have-power to open the books from time to time, as they PY thinK ProPer until lh? whole ",,mber ol "-S em of twenty- five thousand dollars'Slll be subscribed for in n.-nner afore- said, the subscribers, theiV executors, aninhstra tors o r us- signs, shall ' Wn&twhfiyAedutf porat.ed into a company by the name and style ot ine Fayetterille and Western Plank Road Company, iL .. u-ii i : i, ..f .-lirchasine-. IiOiW'gi lliai name Miau ue tnuauic ii iaw vi --- -o- . . I sellinsr. leasini and coi.vevim? estates, reJU ana J"" and mixed, so far as shall be necessary for the purposes o, said company; and shall have perpetual succession: and by said corporate name, may sue and be sued; and may have a common seal, which they shall have power to alter and re new nt pleasure; and shall hare and enjoy, and may exer cise all the powers, rights nnd privileges, which other cor perate bodies may lawfully do, for the purposes jnentioned in this act; and may make nil such by-Jaws, rules and reg-j ulations, not inconsistent with the laws of this State or ol J the United States, ns shall be necessary for the well ordering and conducting the affairs of said company. Sec. 4 lie it further enacted, That upon any subscription of .stoek as aforesaid, there shall be paid at the lime of sub scribing, to the said commissioners or their agents appointed tn reccivO such subscriptions, the sum of oue dollar on every aha re subscript and the residue! theVPof -shall be . pid.in such instalments, nnd at such times as may be required by the President and directors of said company. 8p. fij ' lie it further enacted. That the said commiiion- r ar,ilipirnD-fliits.-shall further, after the first election of . J-"- ..-.-W..,,.', ...-,; ;. , , .1 Pros. 1ant n'firl tHre.r.tnr nt thft rnmnanv. MT'Oiref 'W"IH. said President and directors oil moneys received by them; on and failure thereof, ihe said President and directors may recover ihe amoitnt due from them, or from any one or more if them, by legal process in the courr of plas nnd quarter sessious, or in the Superior , court of law in any county wherein such commissioner or commissioners, their-cxecu-ors or administrators may reside, or by wurrant before a justice of the peace for said county. Sec 6 Be it further enacted,. That when twenty-five thou and dollars shall have ;beti i subscriled, public notice of that evnt shall tje s veil By the rnid commissioners at Fay cttoville, wlfo shall have power nt the same time to call a general meetinir of the stockholders at such convenient place aind time as they shnll narr.e in said notice. Sec I.' Be it. further enacted, That to constitute any such meeting, a number of persons, entitled" to a " majoriTy-of all the votes which' could be given upon all the shares subscri ld, a'aall be present either in person or by proxy ; and f n ;hffieienl number to constitute a meeting: do not attend 'on that day, those who attend shall hove the powar to adjourn from time 10 time until a meeting f hall be form.d. Sec. 8. Be it further tnacted. That tli. iubseriber., tt their general meeting before directed, and iho proprietors of stoclt at evarvnnnuaL moetine (hereafter, shnll elect. a President and ,?ina directors, wlio shall continue in olfice,;unless soon erTemov'.'id, until the next nnnunttneetinj after thoir c?c ion, and lituil their successors 'jhali bee'ected; but the said rjes'eHt andyo'.:rectors, or'htiyof them, may, at any lime, be "removed, nd th vacanty thereby oc-isi ned bo filled y a majority bf the vots fijiveri at any grtn-rar meeting. The President, with an' three r more ol'.the director, or, in the event of the sickness a..id absence or disability- of tlio i President, any Ove or more ot the airc.iors miy npKim one of thejr own body Prwidetll pro ley ., ahalt constitu c a tirutTH to 4h4 f rancairlion of business J n cases of vacancy i the office of President or any director, :happeiit't! frm ileith, resignations otherwise, such vacancy may ie sup plied by the appointment of tho board until the next anuim meeting. .. Sec. 9. J'.eU further enacted, That the President and di Tcetorsof said Company, shall" be aid they jire hereby in vested with all the rights and powers necessary for the con--triiciion.rerurs. nnd maintaining. rf a plank road, lo be Iftcated ni aforesaid, with; many nrwrnWf? Ik main attm ns thev. Or a mOioritV of llim. may ueem and directors shall have power to make contracts with any person or persons, on behalf of the company, for makinz the said plank road, together with any branches ot the samey and perform; all other things respecting the same, which they sharrjiidge necessary and propei7 arrd to tequire from (he subscribers from tune to time such advances of money on their respective shares as the "'ants of the company may demand, until the whole of their Subscriptions shall be ad- apeedj to call, on any emergency, a ejeneral meeting ol lha stockholders, giving one mouth notice thereof, in one ofthe newspapers printed in each of the towns of b ayetteville and Salisbury; to appoint a Treasurer from among the stock holders, (but not of their own body,) who shall give land and security for tho faithful discharge of his duty, and duly accounting for all tho monev which may come into Ws haads as Tre asiirer- tojwipoint a clerk and such mana gers and, loll gatherers as they may 3tfeinTwcHaiyiu'd''t0' transact all the business of the company during the inter vals between tlic general meetings of the stockholders. Soc. tl. Be it further "acted, That if any stockholder shall fail to pay the sum required of him by ihe President nnd Uccuu!, or l a uidju.Uy f rhem.withi.u one month after the same shall have been advertised ii one of tne newspapers printed in each of the towns of Fayetteville and Salisbury, it sbiUl and may be lawful for the President and directors, or a majority' of thcrn fo sell at public auction and to convey to thepurchnscr theshare or scares of stich stock holders so failing or refusing, giving one month previous notice of the time and place of sale in-manner aforesaid; and after retaining the sum due and all the charges of the snle out of the proceeds thereof, to pay the surplus over to the lormerowner or to his legal representatives; nnd if the said sale shall not produce the 6um required to be advanced, with nil the incidental charges attending the sale, then the President nnd directors may recover the balance of the orig ITial; pfpf kjter w hi trator, or either of them, by snit in any court of record hav ing .jurisdiction thereof, or by warrant .before any justice of ike. peace of the county of .which ho is: a' resident; and any purchastT of the stock' ofthe company under the aide by the President nnd directors, shall be subjoct to the same rules and regfnafiohs ris The original proprietors. Ttgr-tBeitiwhert ihe company hereby incorporated shall bo found insufiicreht for the purposes of this net, it shall nnd may bo lawful for the President nnd directors of the said company, or a major ity of them, from time to time to increase the said capital stock to-nn amount aot exceeding three hundred thousand dollars, by the Addition of ns many shares as they may" dwiri necessary, first givirtg the individual stockholders, for the time teh');'or tlw'rienl rppr'stttivesrthe-optioa of Wking such additional shares in proportion to the amount of stock respectively held by them, nnd opening books in the towns of Fayetteville nnd Salisbury, nnd such other places as the President and directors may think proper, for nivy bal ance of the capital stock created, which may not be taken ,r the stockholders for the time -being, or in their behalf; nnd i'16 subscribers for such additional shares of the cap ital stcic.' m lne Sall company, arc hereby declared fo be thenceforw.,r incorporated intotiiesaid'company,withnll (he privileges and advantages, and stibjecUo all tho liabilities of the original stockholders. See. "13? -Beit further eaa.de Jf, That the President and di rectors, their officers or ngents may ngreo with tho owners of any land over which the said road or any of its branches is intended to pass, for the purchase thereof; nnd in case of disagreement, of if the owners shallbe feme-' covert, under ae,"or non tomj,, oiaul. of Jhc StatCj an application to hv two instices o.' the peace of Ihe county where the lands lip tTie iustir.es sha,'l issiir thetf- warmHHolho sheriff -of said coutity to'sumtntj eigtiteen freeholders4ta meet on ahe-j land to be valued, on n day .ixprcssea in tne saia warranr, not less than ten. nor more than twenty days thereafter; and il.n ftheriff. on receint of the wa.-mnl, shall summon the free- holders. accojdi ugly, and whcji .met, shnll draw twelve of them, who, aft-r being diny W?VO the land in question, nnd consider the damages the owners thereof may sustain: nnd the inquisition so taken, shall be signed by thesherill'und the jury, and returned to the clerk of the county court, to be recorded. And in nil canes the jury ishercby directed to describe the Fnnd valued, and sticli valuation shall be conclusive; nd the President nnd direc tors Khali pay ihe sum to the owner of tfie land valhed, or his legal repreeutatives; and if neither can tie loimu in Hits State, or if they sliouiu reiuse to receive me money, men 10 mo clerk ofthe county court; ar.d on payment thereof, the said corporation shnlt be seized in fee of the land, OS fully and absolutely as if it had been conveyed to them by the owners. Sec. 14. Be it further eitacled. That the President and di rectors may agree will) the proprietor or proprietors lor any qmtniity of laud, not exceeding five acres, nt or near each place or station intended for collecting tolls, forthe purpose of erecting the necessary buildings, gates, fcc; and incase of disagreHniHiit or of any disabilities aforesaid, or the own er or owners being out of the State, the same proceedings may -be' had aud the same conveyances shall follow as ure described in tl5 preceding section. See. 15. Be it further enncled. That it lall nnd may be law ful for ihe said President nnd directors to demand nnd re ceive, at some convenient toll gates to be by them erected, a reasonable toll from nil persons using said plank road, or any of its branc'ie", which toll so to be collected, shall be so rcg tlated, ih it the profits shall not exceed twenty percent, on the capital of said compmy in any one year. Sse. 10. Be it further enacted That the said road hereby funrnrizad to bo 'made by the President nnd directors, shall not be less th n ten feef nor uiore'fhan thirty feet wide. And ttntso soon ns fen miles in extent shall have been construct ed, it shall and may be lawful for the President nnd directors of said cpmpaiiy to creel a toll gate, nnd col lect such tol 1 from persona using said Toad, ns may oe aeiermmeu uy me President nnd directors, in accordance with the rales inipos ed bv the fifteenth section nf this act. and in like proportion for a greater extent of road; nnd if any persoii or persons shall refuse. W pay the toll at Uie time of offering to pass ihe place OrplacP designated for their collection, and preyious'to pnss inr tha same, the toll eathcrers respectively may refuse a passage to the person or persons so refusing to pay; an J-if any ptrson or persons stiau pa?s, or unve uiryug.-v ny ner lrarf, damage or obstruct, of shall wilfulf jr or maliciously cause or aid, or assist or counsel nnd advise any other per son or persons to injure, hurt, damage, or obsiruct the said plank road, toll gate, or toll houses, such person or per onao offending lml be liable 4ab& iudiettHi therefor, uiul on conviction, s,nalt be imprisoned or fined at the discretion of ihe court before which said conviction shall take place. Sec. 18. Be it furl her enacted, f.hat ihe President and dires tors shall render distinct accounts of their nroceediturs nl dishursetnentaof mney tolhe annual meetings of the stock, holders, and to the Governor of the State. Sec. 19. Whenever in the construction of said n'ank road, it shall be necessary lo cross or intersect anv stiih- hslied road or way, it shall be the duly of the President and directors so to construct ihe said nlank road across such established roads or ways ns not to impede the iwissairc or ii in me cunbiriu'uon oisniu pinnK road it may become neces snry or expedient to occupy or use any portion of any estab lished pnHfifroad or way, it may be lawful for the Presi.ltt and directors to change the said roads nt points, where they iii.iy u-.tuii ji uccsnry so to co; mid mat lor cntenug upon i,. "i s ""y uu mat may te necessary therefor, the vsha l ..c a.. -rw .!lllorizpd , acd under tho ,'rovis ions of lhis.net in iii , . i'io plank road: Provided further, XhA&T"? for Ul any such change, the said company shall niuk 1!"" f OI a pjrfrJequaHy good with the partion ofthe road propoi- to be substituted; but nothinz herein confaiiied shall be so construed as to make it incumbent on the comnanv to keep in repair the portion of any road which thoy may have chnngi'd as aforesaid. Hl-c. 20. Whenever one ftfih of ihe capi:al stock of said com pany shall tm suliHcrilied by individuals or corporations as herein before provided, tho Treasurer of the Slate for the time being shall j)pj,jijndjie is hereby atjihorized anil directed to subscribe olie fifth 'of .faid capital stock of said 'company IwrifiTttortr' ol the Mate; and whenever another fifth elKaid cnpu:u Sfocs thrill he subscribed !y individuals or corporaiions, as hereinbefore pro vided, the Treasurer of the State for the time being shall sub scribe iwo fifths more oTUie'saTda1far"ttock'vfdr''a-dottbehnlf ol the btate, so that the Statu sh ill hold an interest of three fifths ofthe proposed apHaltockf aiJ company: Provided, however, wMbe Btata riialikltwtihe jHciLiaJfljaj: any, 8narn,cnt:ofiiuc1r subscriptions but as follows: W'hencrcr tluVe "Rurtn's of tTieTifsl by isubscription of one fifth lions shaJJ mlividuals r eorporahavt been paid or sceurcJ, then the Slate shall pay its first subfcripiion of one fifth; and whenever three four'lis ofthe other one fifth sub Fcribrd by indivu'iialc orcorp'orations shall have been paid or ei cured, tlierl, the State shiill pay linltiH sTi1'!cTl'pukdnf 'twffil'njvrt' the payments or ihe fuel that t!i said proporiion of the suh.icrip tioa by,:iudiKidudar JjMJrtais.aepMreiJi.fP. be first certified by the PrrKidf!U and Treasurcrof said compiny :. V7iJ prorided jurllier, mat nothing Tierejri wmtBiueil shall rondur the State liable for any additional subscription whatever, should thq capital slock of said company , be increased. " , . ' Sec. 21. In all general meetings of the stockholders, the Board of Internal Improvements, or such person or persons as they shall appoint, slraft be entitled to represent the etoek held by the State, and shall be entitled to give three fifths of the whole number tf votes, which may be presented at such meetings, either in per son, or by proxy. Sec, 22.. 'To'ehftble-the- State 4o pay her subscription to said slock, whenever the same shall be required as hereinbefore pro vided, the Treasurer of the State for the time being, shall from time to time h-aufl rtiffiitfrDrverrirlrfttes of d,ibt, under -the p eat seal of the Slate, signed by the Governor, countersigned by the Treasurer, and guaranteed by a pledge of the fiuih of the Siatc. in sums not less thsii five hundred dollars payable -in ctirnwjcy of the United States or Great Britain, wiih interest at a rata not exceeding Sis per cent, parable eew-amHwllyHhe.pfHwipftl-of -wiimiiuonua siuiu oa reaeetiiflhio atjheeud of .twenljfears from (lin llnnllia c .r. n oli.ill l.n 1... .1. !..... .-'.J--.. l " I bond shall be issued at uny one lime, than may bn 'eiinieient to nisei lliem; nnd when that amount of labor baa been expended on said road, nul said commisslomersor a mnjority 'of them, J: shnll ceriify that fact to the Pnblie Treasurer, then he is directed to pay oyer to them, for the purpose aforesaid, tho : sum of live, .hundred dollars,. - - Ratified SJSth January, IS49. J" TT CHAPTER Xa - AN ACT to improve the Cnp Pear and Deep Rivers, Abor . . EayettcviHe, "nERE.ta, the nnvigiiiou of the 'CnplrFeai nuTDeVp" Rivers, above Fayetteville,' nnd ns far no the same ns ! practicable, would be of important public tuility; and many persons are willing Unsubscribe money to effect the work, and it isjusi thru such subscrilwrs, their heir and assigns shall receive reasonable tolls in satisfaction far the money F themto execute -the said work nnd for the rtsfc they run; and" wferens'tf did, at their annual meeting in the year 1831, relinquish nil elaima tu tltariver Above FayeUeyijuoianyrujiy wouiu improve ine same: Sec. 1 . Be it therefore enatttd by th General JtntmJldy of the Slite of North Carolina, and it f hereby enacted by tiemthef Uyofthe lime. Tint it shall be lawful lo ohen books-in' tho town of Wilmington, under the direction of A. J.lWosett. Jr ' John McKea, Miles Costen, Benjamin J. Ilowze, William V. Um'MCont,m ny three of theny at Fnyeiteville, urjdcf thedirection of Jame C. nobbing A rchVf AINeifDiTrTis of them; nt XWi'rZ ""' ,"'T-, f lureo Stedman, W. T. HornTjo'fm 5f yl,c9h!!..N?,ha" A' oiaunce vaaaen, jonn Ai. llnnks, a. McGlvnanati, or any three ol them; at Haywood, under tho direction of Kph ert K. Smith, Fias Brian, Mount Pcctt, William Croiupi James I). Pull-in, or any three cf them; nt Carthag, uudr the direction of John Morrison, Charles Chalmers. Angus 4k JCeUyruMii4JLPr of them; at Asnooro'j unuer tne direction ot Alirca AiarsnjwiRrtflr 1 loovcr, Jonathan Worth, . Henry B." Elliott, T William B. Lane, or any three of them; nt Creensborough, under the drrectiot of David FCaldwlL-4oljtMM4difiadfcJoji Gilmer, James W. Doak, Jumcs Morehead, or uny three r-a-.,.,,.. of them; Wilio Bean at Salisbury, nnderthe direction of John W-Ellis, an, John A. Lillingt'on.U imilton J.; Jones, or any - three or tfiWmpiFtrotslifi Htfgk? Waddell, Giles Met'nnend wallador J"nes, Jr., John Berry, Sidney Smith, or any three.of them; and at such other plnces, -and under the direction of such other persons, as any threj .O.f.ibo.jcpmmiasirtjior3 hereinbefore named to superintend th recei ving of shb3cripltl6FnrTP for the purpose of receiving subscription to an amount not . exceeding lwa hundred thousand dollars, Iris 'hares of one hundred dollari each, lot the purpose of effecting ra comhiii- nicntion by steamboats, from aonie j)qjnt at or near Wad dell's Ferry, in Kar.dolph, cormiy, to Fnyettevith, and tor providing everything necessary and convenient for the pur- , pose ofransportation. " ; . . - Sec. 2. The time and places for receiving aubscripliona shhlt be ndyertised in ou or mora newspapers published in the town of Wilmington, Fnyettevillennd Pitlsboroiijh nntl . ihe books for receiyinj thamejjialUiet be0srthles than -ten-dysrnntfif if "shall appoarlhalmorathn two thousand shares of the capital stock aforesaid shall have . been subscribed for within the said ten days, it shall he tlm duty ol rte-aid comintssioners nt Piltsborough, or nnylhrea , ol them, lo reduce the number ofthnrea subscriliod for onitrnff the subscribers in f air nnd equal proportions to ihe amount of stock sutiscribed lor respecliyejyby,each, unii! the whole amount of shares shall be reduced to two thousand; but if thowhrtto" arnnarrt shf-not-r-b aubscjibjaiyxJffilkiriJP!L-,, days from the tiinjjthe books shall lie opened, to receive sribfipfiofh-Jhen tb me instahncflt requked to 1 roaJJy--Uie Suia'atthaU0 I mnjority of tho ab()Ve iinhioc may judjo to be mo.f expedient, until the whole number of shares shall bo subscribed for. , " , wSiKut3,.AYbcnjiyBjiiin shares shall be subscribed lor in manner nforosaB, tb ministtaiors or assigns, shall be and they ore hereby declar ed lo be incorporated into a company by the name and styb of "The ('ape Fear and Deep River Navigation Company," and by that , name shnll be capable in lav of purchasing, holding selling, leasing "and conveying estates, real, Itf'r--sonnl and mixed, so far ns shnll he necessary for the purpose: hereinafter mentioned, and no furlher; and shall have per petnal succession; and by said corporaie name may sue an.! be 6ucd; and may have and .. use common seal, which they shnll have power to nltor or renew nt their pleasure and shall have and enjoy, and may exercise nil trie pow, wheeW& ue of oveooiiprsjwnicn K...: nn,i miv rniKo tn h mndp. unri ntn in mnlfa and same, lie or they shall be liable to a ft instruct all worka whjocver, which Tnay be necessary fine may be recovered by warrnnt lfore a.iy Justice of the and exnedient in order to the vtomt completion of .the said Pence of th county xvhereirf such fll cate may bo Mtn&fwt.. joad a. dall its branches. . . - . 'Scc 'lTr U further' tuncteify hat nr.y. soH or S.c. JO Be it further tnaclcd, .That the said President! persans shall wilfully onnaliciousiy iiire, or in any man- time. Sec. 23. Whenever it shnll be necessarv to issue said bonds or certificates of debt, the Treasurer shill, advertise, in one orj niorc piniirs if and it shall be bin duty to accept those terin? which may tic most advantageous to the State j am! any premium which may be ob tained on said loan, shall be paid into tluypublie Treasury ofthe Stale, and invested by the Treasurer, by and with the "advice and consent of the Governor, in stocks or other evidences of debt, a a savings fund, to meet the payment of the interest on said loan as the same may accrue. Sen. 24. An a security for the redemption of said bond, the Stock held by (be State in the' Fayetterille and Western Plank Road Company shall be. and the sumo is hereby pledged for (hat purpose: and any uiviucnus ol profits, wlucli may from time to time, be declared on the stock so. held by the State in said om pany.shall be applied to the paymentDf the tnteret on said-loan; but until such dividends of profit may be declared, it shall lie the duty of the Treasurer, and he i hereby authorized and directed to pay alLsueJt interest s? the sarpe may accrue, Loul of any mo nies in the Treasury not otherwise appropriated. Sec. 23. Be it further enacted. That this act sh-ill be in force from and after the ratification thereof, and shall be regarded as a punnc act aa continue in lorce lor twenty-live years. Ratified '47th day of January, 1S49. AN ACT to lay off and establis.lt n public rnn I from TrafT Hilt in Wilkes count y, across the lilue Rid'e, tuQapCtvi!,' in tjie county of Ashe. , . . Sec. 1. Be it enacted by the Hewnl Ass-mhltj of the Stale of North Carolina, and it is hcrtbu ennctrd bu th authority of the same, That John S. Joho on, Thomas T. Casey and John. u. Atkins, of tho county of Wikrs, and John Woodniff, Abraham Bryan rind Andrew Carson ofthe county of Ahe, he, nnd they are hereby appointed commis sioners to lay off and establish a public road, beginnin j nt Trap Hill, in Wilkes county, and running across the Blue Kidgpjhe niost practicable and convenient route, to Gap fjivH in tne county oi Asne.; . Sec. 2; Ue ififtrthje enacted, That n majority of s,aid commissioners shall have power to act ahd fill vacancies in their board. S hu the purpose of making and completing satd road, and the, Pub'ic Treasurer ie hereby authorized lo pay the timeout of any monies in the I renstiry not otherwise appropriated: Provtdtd, ntteflheltsx, that said. monies shall not be paid oWr io of five ; hinidred dollars, under the directnn of said cmiihifssf feen laid out on said roiid by lha citizens of the counties of Wilkes and Ashe, either in, labor, to behest im a ted by the sJ'coinmissi'ilicfs Of 1fl wofteyf piJ qvifr-or secured to ers, rights and privileges whicb other corporate bodies may lawfully do for the purpose mentioned in tins act; and ma v" make nil sucli by-laws, rules and regulations, not inconsi, tent wHb.4he laws of this State jr tf the JJnited States, p shnll be nocessnry for the well ordering auJ conducting llic alhtirs-ot the company. v . i . Sec. 4. Upon nny subscrfption of stock as aforesaid, lhe;f shall be paid at the time of subscribing, to'the said, commis sioners or their ngents appointed to receive such subscrip tions, the sum of two dollar On every share subscribed; arid J the residue thereof shall be paid in such instalments nnd at' suilnTmc'as may lie required by the President and direc tors of said company. The anid commissioners, or their agents, shall forthwith, after the first election of President and director of the company; pny over to th aaid President and directors alt monies received f them; and ou failure thereof ilxr said President and directors may recover the mount dii" from them,, or from any one op more of them, by motion "ivtfiin'ays previoua notice in the court of plea atid qrt-f s-ssions, or the Superior court of law in any county wh"reih such commissioner or commissioners, threir executors or adniinistraton may reside, or by, wrrnt before justice, of said soiiBty. . .:....-...v;."ir.' A - - Sec; S. ' tieit five rrand re4 bara ot -mora of the atock shall have been subscribed, public notico, of that, event Sec. 8. Be it further tnaCttA, Th.-ft-Hjh sum of five shalll o given by three or more or the said -commissioners ndred dollars be, and the snrrje is hereby'npfllpriated foit,PitUborough, wlio shnll have power t th samo time to . enji a general meeting oi mo Biiun-riucra u u.u wn . . pface and tinie fl's they shnll name' in snid liotice1. (To con- , stitnte any such meeting, number f persons entiib-d tin niajority of H the votes, which contd, be g'v'fii HP" n!1 Shares Subscribed, shall be preserU either in 'person, rr ! ;,' fwoiy.nnd if n sufficient ntunbor to -cnw'itu'o a n viu-tr do not attend on that fla?, 1fw wJi ) u u'!"" ' 1 ' 11 " power to adjourn from time to ti.iv, unt.i a m I 'J 5 J formed.) :
The North-Carolina Star (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
March 28, 1849, edition 1
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