The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1849-03-28

f@iiAHht Aatfnlan 81 iiletr ingf. ~
a sGTtI. aid n otter aiiireFs. and 10 sur (,
md rerorsr II Sums II !. nnrvliiai orr 1
i under this ari. IL Il r., ri,iil ~ them.
Ser. 4. That al persons WIN ma,
hereafter be snihaiiged ~ epru looks 4,
/. subscription II stock IL The Cnmr.is
, sioneIs i.erfin apPuinted inr I'LL purpose
si.all nPen saii hacks Al ANY lime alle
/ lie ratification ~ this aei, iweniv dayi
! Pfeti"us nniiec being gwen IN some On,
|. nr nnr ~ The pnl,lir newspapers in lhi
State; and lhsi sid hnais. nlIrn opened
shall be kept open Inr lie spare Of him,
,.ars 81 least, ard 4, long thereafter as D.,
. commissioners first aiosc named hi
diIeri; HAT iii subscriptions IL stock shall
be IN shares Of one Luuiial ,iullaIs. III,
The subscribers paving II The time Of max
ins snch subscription i've dollars ON earl
sl,aIr illns subscribed. u lie person 81
persons authorized 10 receive such sub.
seripiion; and IN ease OF flilure 10 raw
sand sum. I'll sneh subscriptions slall be
,all md Of no eilc ard npnn closing
been thus received Of Subscribers on tile
iitsi cash insialmenI. shall BE- paid over
10 .he general Commissioners named m the
3rd section ii Ills acI. b. tie persons re-
ceising Them: and lur failure thereof surh
person or person, shall be personally liable
IT, said general Commissioners before the
nrganizaiinn If said C0mpav. aud to tic
Company itself after ils organizainn. II be-
recatereiiniheS Superior conr, nllaw with
10 ibis Sale. m the county where such
delinquent resides. ar II he reside in anv
miner SIlle, Then in ans cont in such
Stale having competent lnrisdirIsun
The said general Commissioners shall
have power 10 call on and require all per.
IONS empowered H. receive subscriptions
Of stock nj airy time and from lime Ia
time. as mljnriiy of Them may think pro.
per. 10 make a rriuIn ul the stock hy them
respectively recned. and iu make pay ncnl
oi all sums OF money made hy tho sub
srrlbrs; Thai al persons receiving sub.
scriplinns of stock siaIl pass receipt to
The subscriber or subscribers for the pay.
menl Of The first insialmenl. as heretofore
required % be paid; aud npon their settle
mcni with the general commissioners, rs
aforesaid, il shall be the tldiy of The general
Commissioners in like manner TO pass their
receipt for all sums thus received, To the
person from whom received; AMI surh re
ceipis shall be taken andhell lobe goodapd
sufrien, vouchers In Tive persons holding
them; that subscriptions oi stock thus re-
ceiscd 10 an amount not exceeding
Sec. 5. II shall be Tie ,lnty Of said &c.
neral Commissioners 10 dlrert and au-
lhorlze The keeping open If books f,r the
subscription of stock III the manner abpvc
described, ulile The suN of one million Of
dollars shall have hren subscribed 10 The
capital stock ofsaid Company: and as soon
n the said sum OF one million Of dollars
shall have heen subscribed, aSd tic firsl
insialment Of live dollars per share on saitl
sum shall have been received by The &c
neral commissioner, said Company shall
be regarded as formed, and the said COM
mlssmncrs, or i majority Of them, shall
sign aul seal a duplicae Declaration 10 lhai
effect, with the names Of The subscribers
appended, and cause one of the sad du
pllraies 10 be ,ppnsled in the office Of The
Secretary Of State, and IllrncrIonh, nom
the closing Of The books Of subscription rs
aforesaid, the said subscribers 10 the stock
shall form one body polite and corporate,
in deed aud in law, for The purposes
aforesaid, by the name and style II "lhe
Nofl! Carolina Rail Road Company.
Ser. 6. That whenever the sum Of one
million Of dollars shall be subscribed in
manner and from aforesaid, the subscfl-
hers. their executors, administrators and
assigns, shall he, and they are hereby
declared 10 be incorporated into Com.
dtny by the name and style II Tie
North Carolina Rail Road Company;
and by that name shall be capable, in law
aud in equity. Of purchasing, holding,
selling. leasing AMI conveying estates, re-
IL. personal AMI MIXED, and acquiring tho
same by gift or devise, 50 Far as shall be
necessary for the purposes embraced with
in The scope, object AMI interest Of their
charter, and no further: aud shall have
perpetual succession, and ~ their coFpn-
tate name may sue and be sned, plead AID
be implicated in any court OF law AMI
equny in The State Of North Carolina;
aud may have and use common seal,
which they may alter and renew at plea
sure: and shall have aud enjoy all other
rights and immuui,ies which other cor
pora,e bodies may, and Of right do exer-
else: and may make all such bylaws, rule.
and resulatens. as are necessary for .he
government of tie corporation, or elI
ing the object for which il IS crealsl
inconsistent with The Constitution :
laws Of The United States and OF the : 4te
Of NORTH Carolina.
Sec. Z. That notice Of process upon the
principal agents Of said Company, or the
President or any Of the Directors thereof,
Shall lie deemed aud taken To be due aud
lawful notice of service Of process upon
The Company. SO as to bring itbelorc any
Court within the State Of Nors Caroll-
ia.
Sec. 8. That as soon Is tle sum nl one
M, e 4 H.. Il N kaxa haau sttaS