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

Rariais.ln ~ gofsis. wsfrS snl fsfelafe ~
',he s,,s hsI Rcd. sail ~ d-esnrd snd
taksn Il ~ 1 rnmnnn rsrFirr. ss resperis
III rDols. Wares. pfnln.r and merrlaf-
d,R-. entfuslei % them for hsn.Poia-
iial.
So. "a. Thn he hosri II Directors
my en- fTrhe payment d he sums sub,
scrlheI = sock ID saia Company. - such |
in.lal,nenis a ne inisrrstnl saitss 'ompany
NAV. IN iheir opini n. require he cal lnT
each payment shall ~ Pntllshei IN nne nr
more newspapers IN This Stale inE Inc space
at one month helaIe The iay nf payment;
and On failure IL any siHckhnltleT 70 pay
earh inslalmenI a. lhns required. inc d.
reclas may srll Il pHi'lie asilon. on
previous naiIre hf Ten DAYS. f.r eash. al
The stock subscribed for ~ said Company.
By sueh sioclhal,ler. and cnnsey Tie sane
10 The purchaser Al SAID sale !; and !. ssia
sale 81 stock IL nel piotinre Sum sum
cienl 10 pay olr The Incidental EXPENSES oi
The sale. aud he enIirr amount owing by
snch s,.ckhol,ler ID Tie Company. Tor
such subscription II stock, then. and ~
thai Ease. The whole Of such balance shall
he held snd taken a. due a. anee 10 The
Company. and may be recovered Of such
sl0ekholder ~ his executors, admmlslra-
tors or as.isns. al tie suit II ssld Gompa.
nv. either by summary m tion IN any r"uri
of,uperior inrsdicuoninIh tie county where
the delinquent resides. IN previous no.
tce often DAYS To said subscriber, or by
lie action Of assumpsil u any Court 81
competent jurisdiction. or by warrant
before a Justice Of The peace. where The
sum does nol exceed one hundred dollars
and IN al eases of assignmenloi stock. be.
FIRE The whole amount has been pall u
the Company. Then for all SUMS due Of
ouch sinck. both The original subscribers
AMI lie first aud all subsequent assignee.
shall he liable 10 The Company. and III
same NAV be recovered as abose dcsrrlb
ell.
Ser. 81. That The deb, ofsinckhol lers
due 10 The company (nr stock therein. eth
er As original proprietor or as first or sub
seqment assignee, shall be considered as Q
equal dignity with judgments in The dis
trihnlion II assets of deceased stock
holder, by his legal representatives.
Sec. %. That the said Company shat
issue certificates Of slnck 10 lis members
aud said stuck may be transferred ~ sncl
manner and fnrn as may be directed b.
III. nv laws of the Company.
II IL t.a.,. an ~
at any time, increase lis capital 10 . sur
sufficient 10 complete said Road, not es
Feeding dollars, eiIhe
by opening hooks fnr new stock or by Sc
ling such new shock. or by narrowing me-
ney on The credit Of lhe Company. and o
the mortgage Of its charter and works
and the manner in which the same sha
be done ia either case, shall be prescribe
by the Stockholders Ut general meeting,
Sec. 81. That the board Of Director
shall. once in every year, al least, make
iull report Of The state OF the Compan'
and il satfalrs. tn general meeting oi U
Stockholders. and ni,enrr II required by
bylaw, aud shall have power 10 call
general mee,ing.of the stockholders. wht
ihe'board may deem il expedleni; and u
Company may provide. in their bylaw
far occasional meetings being called. Al
prescribe the mnde thereof.
Sec. 25. That the said Company nj
purchase, have aud hold, in fee, or for
tern nl years, any land, lenemenis, o. !
rcdi,amenis, which may be necessary
lie said Road, or the appnrlenanres ihel
Of, or for lhe erection uf Repositories, sio
houses, houses for The officers, servants
agents Of The Company. or for work sho
or loundries 10 be used for the sald Cal
panv or for procuring stone or other II
,erials necessary 10 the construction
the Road, or for affecting Transparent
thereon; and Iol no other purposes VII
ever.
Ser. GO. That the Company shall b.
the right. when necessary, To conduct
said Road across or along any public r.
or water course Provided, That the :,
Company shall not ohstruct any pub
road. without constructing another eql
ly as good and as convenient, nor with
making draw in any htiGge Of sald 70
which may cross nsrigahIe stream,
frient for the passage Of vessels navls
ing such stream. which draw shall
opened by the company for the free /
sage Of vessels navigating such stream
Sec. p. That when any lands nr =
OF way may be required BY sai4 ON
nv, Tor the purpose nf constructing u
Road, and lnr the want Of agreement a.
the value thereof. or for any Other CT,
the same cannot be purchased from
owner or owners, the same may be Il
at valuation made by five comnissi
ers, or mala,ity of them, 10 be appo
ed nv any Cnnrt Of record, having q
mon law Jurisdiction in the County wi
some part of the land or right If wa,
situated. In making the said valua,
the Commissioners shall take into co
Iteration The loss or damage which /
accrue To The owner or owners in 60
quence of the land or the right II way
ing surrendered. and the benefit he.
or they may receive irom the ereclin
establishment of the Rail Road work,
shall stale particularly the value
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