The North-Carolina standard., 1849-03-21
North CAROLINA RAIL ROAD.

Company.
SEc l. Be It enacted by the General assembly Of the
State of North Carolina Gad iShereby enacted 6y the
authority of the sGe That for the purpose OF effect
ing Rail Road communication between the VIII
mngton and Raleigh Rail Road, where the same pass
az over the Neuse River, in the county OF wayne
and the town of Charlotte in this State the forma-
ton of corporate company, with caPlta stocK Oh
three millions of dollars, is hereby authorised to De
called The North Carolina hail hoaa ComPaaS,
and when formed in compliance with the conditions
hereinafter prescribed, to have corporate existence
as body polite in perpetuity.
SEC. Q. That the said Company be, and the same
Ia hereby authorised construct Rail Road, wnere
the same passes over Neuse River in the County OF
Wayne ria Raleigh, and thence by the most Practl-
cable route, viG Salisbury, in the County OF RoWan'
to the town of Charlotte, IN the County OF MecKen-
burg.
SEC 8. That for the purpose of creating the caPl-
tai stock of said Company the following persons De-
and the same hereby appointed Commissioners s
viz: Joseph H. Wilson, of Charlotte Wliam y.
Means, of Concord John B. Lord, OF SALISBURY
Richard Washington, Waynsboro' John Mcleod,
of Smith6eld; George w. Mordecai, Raleigh Hen
nv B. Elliott Randolph; James M. Leach, Lexlng-
ton; John M. Morehead, Greensboro william A.
Graham. Hillsboro'; Nathan A. Stedman, PittsborO;
Edward B. Dudley, Wilmington; Alonzo +. JerkIns'
Newbern; Samuel P. HargroVe, Lexington; Archl-
bald G. Carter, Davie. That 1t shall be lawful to
open books in the town of Wilmington, under the
direction of William C. Bettincourt, w. A. Wright
Daniel B. Baker, Henry L. Mutt p. X. Dickinson,
Gilbert Potter and William Peden, or any three OF
them; at Charlotte, under the direction OF DaVld
Parks, John A. Young, Jas. w. osborne, Joseph
H. Wilson, VIM. Elms, and William F. Davidson,
any three of them at Raleigh under the oIeGtion
of Josiah o. Watson, Duncan h. McRae, Wiltiam
w. Holden, Thomas J. Lemay and Chas: L.. Hlnton'
or any three of Them at Castor, under the direction
of Edmund Wilkins, Willis Sledge, Benjamin w.
Edwards, and James Gresham, orany three OF them;
at Warrenton, under the direction OF William Eaton,
Daniel Turner, Peter R. Davis, William Pinmmer,
and Thomas T. Twitty, or any three of them; at
Ridgeway, under the direction of George ID: basker,
Vile, Weldon n. Edwards, Michael Collins and
Alexander B. Hawkins, or any three OF them; at
Henderson, under the direction OF John >. Eaton'
John D, Hawkins, William DandnerS. Demetrlus
E. Young, or any three of them at Frankllnton,
under the direction of Edward T. FOwlkes, William
II. Simms, or any three of them at Hlllsborough,
under the direction of o. F. Long, John Berry, Ed
ward Strudwick and Col. Cadwallader Jones, or any
three of them at Chapel Hill, under the direction
of Elisha Mitchell, William H. Merritt, Jesse Har-
grove and P. H. McDade, or any three OF them at
Ashboro under the direction OF Henry b. Elliott Al
exander Hogan, Jesse Harper, Jonathan w orth, or
any three of them; Greensb0rough, under the d.
rection of John Nj. Morehead, John Gilmer, Will
BON S. Hill, John A. Mebane, and Jesse Lindsay,
or any three of them; at jamestown, under the dl-
rectioR of Richard Mendenhall, George Z. Menden-
hail. S. G. Coffin j. w. Field, any three of them;
at Haywood, under the direction of Robert Faucett
P. Evans, and John Williams, any three of them
at Pttsboro', under the direction OF j. A. Stedman'
Green Womack, S. McClenahan, and Jos. Ramsay,
or any three of them; at Carthage, under the dlrec
tion of A. Currie, John NJ. Morrison, Cornelius Dowd
and ]. D. Mcneil, any three OF them at Lexlng-
ton, under the direction of William X. Holt, James
Al. Leach, Chas. l.. Paine, any three OF them; at
Smith6eld, under the direction of John Mcleod, By
than Bryan, l.. B. Sanders, Bady Sanders, Thad w.
Whitley, any three of them; at Salisbury, under
the direction of Arch'd H. Caldwell, G. r. Fisher,
Horace L. Robards, Maxwell Chambers and Thos. L..
Cowan, or any three of them at Staesville, under
the direction of Theophilus Falls, William F. Cow
an, Thomas A. Allison, or any three OF them; at
A. af Pnfs1 RorrT
Kah P. Harris, Daniel Coleman, r. w. Foard and
Caleb Phifer or any three of them; at Moeksvile,
under the direction of John A. Ellington, Gustavus
A Miller, Archibald G. Carter and Lemuel Bing-
ham, or anv three of them Salem, under the di-
rection of Francis Frees, John Vogler, Thomas J.
Wilson, John Blackburn, any three of them
whose duty it shall be to direct the opening of books
for subscription of stock, such time and places,
and under the direction of such persons they,
a majority of them, may deem proper; and the said |
Commissioners shall have power TO appoint Chair
of their body Treasurer, and all other officers,
and to for and recover all sums of money that
ought, under this act, to be received by them.
SEC. 4. That all PERSONS who may hereafter be |
authorized open books for subscr pton of stock by
the Commissioners herein appointed for that purpose,
shall open said books at any time after the rat6ca-
ton of this act, twenty days previous notice being
given in some or more OF the public newspapers
in this State; and that said books, when opened,
shall be kept open for the space of thirty days
least, and long tn ereafter the Commissioners
first above named shall direct that all subscriptions
of stock shall be in shares of hundred dollars,
the subscribers paying at the time of making such
subscription five dollars each share thus sub
scribed, to the person or persons authorized to re-
ceive such subscription; and IN of failure to
pay said sum, all such subscriptions shall be void
and OF no effect; and upon closing the books, all
such shall have been thus received of
subscribers the first cash instalment, shall be
paid to the general Commissioners named in
the 3rd section of this act by the persons receiving
them and for failure thereof such person or persons
shall be personally liable to said general Commits
soners before the organization of said Company and
to the Company itself after its organization to be re-
covered in the Superior Court of law within this
State, in the county where such delinquent resides
or he reside in any other State, then in any
In such State having competent jurisdiction The
said general Commissioners shall have power to call
and require all persons empowered to receive sub
scrPtions of stock at any time and from time time,
as a majority of them may think proper, to make
return Of the stock by them respectively received and
to make payment of all sums of money made by the
subscribers; that all persons receiving subscriptions
OF stock shall pass receipt to the subscriber sub
scrbers for the payment of the first nstamen here
tofore required to be paid and upon their settlement
with the general Commissioners, aforesaid it shall
be the duty of the general in like man
ner to pass their rece for all thus received
to the person from whom received and such receipts
shall be taken and held to be good ond sufficient
Scrptions of stock thus received to amount not
exceeding
SEC. S. 1t shall be the duty of said general Com
mlssoners to direct and authorize the keeping open
of books for the subscription of stock in the manner
above described, until the of million of dol
lars shall have been subscribed to the capital stock
of said Company; and as the said sum of one
mill Of oil ol,on b,-xz L.