The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1837-02-17
An ACT
TO AID THE INTERNAL IMPROVEMENT
Nsfs

ali The Surplus ItSehtu " CNaAt
frsm the Treasury OF the United States, under the
late act OF Congress, 10 regulate the depositos Of
the public money after deducllng the sum of thres
hundred thousand dollars which is TO be devoted
to the redemption Of the public deb, Of the Slate,
the sum of three hundred thousand dollars, which
is to 10 paid for Stock subscribed in the Bank of
Cape. Fear, and the portion of said Surplus which
/. 10 be added 10 the Literary Fund and TO be APP
piled to draining the Swamp Lands, according TO
The provisions Of sundFy acts OF the present 1eh'
eral Assembly.
H. The Board Of Internal Improvements shall
hereafter consia! of the Governor OF the State for
the time being, who shall be e. ctfcio President
thereof and Of Two Commissioners to be app lnled
annually By the Governor. By and with the aG'ice
of the Council Of State, any two OF whom shall
constitute Board for the transaction OF business,
and the said Board shall have the same powers and
authority aud be subject TO the same tusirs aud re-
strietiOns as tho Board of Internal Improvements
heretofore existing and IN case olyacsncies occur
ring in said Board, the Governor and CcuHcil may
oil the same as before directed, aud they nay IA
i4se nSaner remove any Of ths Commissioners,
appointed as aforesaid.
I III. The said Board NAV hold its sessions,
wherever and whenever the Governor may direct,
and the said Commissioners shall receive Tor Their
services, the sum OF three dollars each, per day,
and their travelling expenses for the tine they
may be employed 20 the public service.
/ ~ TIE Public Treasurer shall keep the &C
counts of the SAID Board 10 he same manner
heretofore and ier that special pufposs may en-
poy Clerk, al SUN no, greater Than three dol
lars per day. for the iimO he may be engaged as
such. PrerlG,d, Tina, his compensation shall not
exceed the SUN Of hse hundred dollars In any oGe
year
A 4
aled TO the fund Tor Internal Improvement, veil
a. any other monies which may eono into the
Treasury Of said Board, shall be deposited Ia lhc
Banks ofthp State, until they shall * disposed Of.
ia a manner As heretofore directed.
VI. Whenever i, shall b made TO spps.r to the
said Board OF Internal improvement, by a esr,ih,
cate under the eorpotats sal Of The Wilmington
and Raleigh gaiLRoat Company, sisusd BY their
Treasurer, and e0uuiefslgnsd by ihsis President.
that a, least three ilhs Of the h0lp tapal stock
Of said Company, which may be necessary 10 Goa
siruct said Rail Road from the town of Whining
ton 10 welGoa, GA the Roanoke River. have been
subscribed iof AID taken BY individuals eS rofpo
raiioas, and that at least one fourth u such pr
sate subscriptions u &c, ,ets than three hihs Of
the Whole capital - Aforesaid. has bsSn setuall,
paid into The hands afthc said Treasurer, agd that
ths remainder aid saLscr,pil1a "a cittss 81 pait,
o. 10 made by solvent persons Jolly able 10 pay.
and ths said Beard shail b. satishSd vi the ruth
Thereof. shcy slall be and they afs hsfcty ~.
thofizsd and required 10 subscrib% oa bSh-li y
tie State for tho remaining tao itlAs of Tie eaps
tai OF sad Company, and said subscflpion ga The
part Of d,c State. shall he paid 10 manner f0llos
iog. that 10 ~. one ourlh thereof shall oe paid
opon such cert hcaie a. a'osesa,a a. The tine .!
subscfiyteu, one 0,hef fourth upon AAe esftA
cate tia, another fouf.h Of such pgissle suascriP
tioa. has bgen paid b tie sahsCt.befs, shs beat
fourth upon llke certiGcaie aud the fssidae up
on Ike certificate, apd the sad Beard are 2iso
zgiboftEsd and required 10 sgsscfita and psY o.
5-half aEtbt SAFE the fayrsr, lie and Nsstsfn
Raj Road Com pan n tao iths - Tie CO ;4 SlocA,
@h.ch may bS necessary 10 construct saia BAl,
Eo@d ifonl ls town of Fayetteville Ia The al Ia
River above the uarreNt. whlch sun shall Be AZ
ectalRtd By actual sIfseyt AMI sstisasss q cau''
peionl engInesf and sasy SHALL hke~ sss '4sscg'hs
sod pay On behalf oi tie STATE. 10 the North tato
lias Csbual Raj Road Company, tu0 tiths u I4t
capital Stock ~hieh msy te nscrss4ry VI construct
the Rad Road asst Aforesaid. lyou tbs Port ui
Beaufort 10 ibe town Of fsFc,les.lle, which shall
be also a.csr,staed BY sAiliul snEiacsr aioru.
.aid, the subscriptions and pas ment' 10 The iwo
laiicr Companies being under lc same rules, fegu.
lsts0na and reslrclious as are hcftin bclUTe pro
sldsd as 10 the Rail Road Company agst mention.
ed provided thai ihs said Beard BY siftOc u such
subscriptions and payments an behalf ot iIt safe,
shall appoint tao hfths o. the hole aumbef " d.
reciSrs each VI the corpofaona Aforesaid and that
IN an General Meetings Of tic StOs khoidsfs ia any
VI sajd Companies the sait C0muils, ionsts Of 10.
ternal Improvement or any other Representative
Of tho State. HON tic said Board may appoint,
shall b. entitled 10 t<o-tiflh u Tie Nhois numbss
Of vDtes which may he given Al such meeting.
VII Until the said Funds 70, Internal Improve.
mcnts shs be actually required ior TIC payment
Of The subscriptions herein directed 10 BE- atass'rat
fsr some other object. 10 which ihey shall IL
devoted BY ths Legislature. 4 shall he The
duty of tie Board Aforesaid, and they are hereby
authorised aud required to lend tie same upon
good security, either to individuals corporations,
taking bonds therefor. payable senlannually. but
capable Of renewal should the Board mol direct
otbefwiac, and bearing interest from daie. sh,Ch
said bonds shall be recorded by The Treasurer Of
the Bard, 10 book kept faf that purpose aud
shall be esposisd spCcl.i depoAes "a onc u the
Banks Of this State.
VIII Ifany Of the aforesaid Incorporated Com.
panes shall fail 10 obtain the requisite number OF
private Subscribers. 10 give to such Company cot.
porate existence, b. tertnf Of its charter tor one
wear from and after ii. Adjournment of ths pre-
sent session Of the General Assembly, shall fail
to commence the construction Of their Ratl Road,
and TO call ia and receive fourth OF The pay.
msnt on the subscription as aforesaid, before the
next regular bisanial session Of the same, or shall
fail 10 complete the same, within The tor hnicd
by their acts OF Interpretations then the s'i.s shall
BE- no longer bound 10 make OF pas the subscfip-
lions aforesaid.
TX. No ether fund than the portion Of the Sur.
plus Reuenue fret aforesaid, shall be considered
az pledged for said subscriptions, and that the
s,aie may cease 10 be subscriber after said sur.