The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1841-01-21

81 $50. spa mGAss Ls ssAam II sss
nssAs efspREsysRes, Rsbls Coz lhs vslu
u cay slsFe Whs msy ssFRrs by bsiB
EEssRaHsd IL tialanaR a thia pFaFisieE
ia To pE0lsel ehaFvhes. Psrsnn
drlasIAg aag m0aamenl aIizslaed 70
shsnsh 90 The eharsh ilsslL. shall be 6nep
e. imPfisoaed % shs dascrstign u ID
cesrt.
ia To incsrpsrsls the Union LASH
tuis Lbrsry s0elesy.
la To incaEpsFste The N0uh Csfoil
IA Land sad MIning company
us 10 incorporate the HsmhFse fasa-
pike eonp.av m ne esuRIy nf Cherokee.
lio To incorporate ne trustees ~ The
Unloa lasnsais Academy.
liz To regulate Ihr nIns 81 haidiag
ihe eourIs Gar Rutherford and clesssiahd-
lis To alter and snsHd lhe srs ia in-
earporsle shs MARTA t;.ralIua al Read
C,snpsRy. passed. 1890. Reprals The
2s,h sscIi0a sf ssii act: .nd rrssiars far
ths opening % boaks E,r subscription la
the Amount Of one million II dnll.rs. Gnr
Ihe purpose u wsking rail Tasd iron
BsssfsH Hsrbor 10 the wilmiBr,an aud
Rsirigh rail road. by iadipiiEai snIer-
prize alone. as-
Il9 To repeal an act. ennlled IN seu
10 repeal IN part abe lhlrlsenlh section ef
81 sc,. passed in ls24. sulhari.ing the
making turnpike road in the county Of
Buncombe.
40 To secure The state against any
and every liability injured for The Ra-
leigh and CASTOR Rail Rosd Company,
and far the relief Of the same. rGuarsn-
tees The isilh and credit IL the state Tor
the payment Of lasH 10 llie company az
$500. 900. The President and Directors
Of the company IN make their bonds lar
that amount, payable 10 The treasurer Of
the state, 10 carry interest II the rate Of
o per cent. per aanum, which interest 10
10 be paid srmi-annually; and The prin-
eiPal OF which 10 be paid IN equal install.
meats. ia len successive years, eammenc-
ing on the firsl Monday in January 1915
Bst before the bonds for The loan are
executed ur delivered NJ, The company
saall csnvey The road y ith Ill is silsc,s |
aud sPpuTlsHaaces, 90 trust. 10 the state,
10 secure ,he state againsi loss, and the |
ssii road shall be exempt frnm I'll miner !
execauvns for jeb,s hereafter contracted. /
until he bands endorsed hy The state /
shall be pa,A: and fuil:,rr. Stockholders /
owning 100000 dollar. ~aI,h 81 Stuck. |
or any other sUlseaI persans. sail emer
into bonds payable I" North Carolina.
for 500. 900 dollirs, as srcaIiiy, renrws-
bic every tao Yeas: and should any such
stakeholder refuse Ia renew, there shall
be breach ol the bond as 10 him. sud it |
shall be put IN suit. and the amount DUE
By him collected. These bonds are to
iaismalfy the state for any luss IL may
sustain in consequences Of lis endorsement
Of The bonds for 100000 dollars under
the act Of 1888 --sni the mortgage on the
road, 10 secure il from loss in snjorsing
the bonds Tor the loan authorised by This
&c. and no dividend shalt be declared
by ihs company until The whole amount
Of both shall be fully paid. Aud on fell |
ufe to pay interest aud principal Of this |
Iasa, seqsesirsiion and foreclosure to BE-
had - il provided fnr in the act far the
relief Of the Wilmington and Raleigh
road, |. 10 also provided. that shoulI
the Stockholders mol accept this act. aud
fail 10 pay the interest on the bonds un-
der The act Of 1898. The Public tasuter
shall borrow money 10 pay the said in,e-
rest. ...-. +:
l2l To incorporate The Nsntsbalsh &
Turnpike company in The counties VI Ma I
eoa and Cherokee.