Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1849-02-02
G A P II @ n S.
PIRTEn RCTG
Passed by the Legislature Of u orth CaroEil
at the Session Of 1919.

at the Session OF E948-'49.
l. An act to incorporate the North Carolina Rail
Road Company. Provides for a Rail Road from
Goldsboropgh in Wayne County by way OF Raleigh
and Salisbury to the town Of Charlotte, capital stock
of the Company to be three millions of dolars-two
millions to be subscribed by the State, and one mil
lion by individuals. The States part OF the suhscrip
ton be raised by the TTeasurer's issuing certi
Gates binding and pledging the State for the pay
ment of the principal of said debt to be redeemabe
at the end of thirty years; and said certificates OF
debt not in any event to be put in market below par.
As soon the of one million of dollars have
been subscribed the subscribers shall be inc0rpora
ted into Company, and the Stockholders shall meet
at Salisbury to elect Directors and bye-laws
for the government Of said Company. The affairs
of the Company to be managed by hoard of twelve
Directors-to be appointed by the Stale and the
Stockholders in proportion to their stock subscribed.
1t is further provided, that for the purpose Of OBJ
tanning subscriptions to put the Raleigh and CASTOR
Rail Road in rood order, hooks shall be opened at
various points, an when the Of five hundred
thousand dollars shall have been subscribed and eX
pended on this Road, in laying il down with heavy
iron, &c. then one half Of said Road, with all the
property appertaining to it, shall be transferred to
said subscribers and the Stockholders and obligors
of the said Road shall be forever dis harged from all
liability to the State. And if the said subscribers
shall fail to accept the conditions of this act, and
comply with it, in that then all the benefits of
said act shall be granted to other persons who shall
be body corporate as said subscribers would have
been. Provision is also made in certain contingent
Giles, for extending the Castor Road to We;don.-
Said bill also appropriates $4,000 for improving
Neuse river. and $25 600 for Tar river; but said
ey not be paid out until operations nave been
menced on the North Carolina Rail Road. And all
the works hereby provided for, must he commenced
within three years. and finished in ten, the char
ter will be forfeited
2. An act to incorporate the Fayetteville and Wes
tern Plank Road Company. Provides for a Plank
Road from Fayetteville to Salisbury-captal stock
of the Company to be two hundred thousand dollars
in shares of fifty dollars each the State to take
three -ffths and individuals the remaining sum-
The affairs of the Company to be managed by a
President and nine Directors; and if the present
capital shall be found insufficient the said President
and Directors are authorized to receive additional
subscriptions to the amount of three hundred thou
sand dollars, but the State to subscribe more than
three-ffths Toll gates to be erected and tolls col
leced but the profits of said Company to exceed
twenty per cent. in any one year. The President
and Directors to render distinct accounts of their
proceedings and disbursement to the annual meeting
of the stockholders and to the Governor Of the State
and the Governor be authorized to appoint one or
more persons to represent the State in the annual
meetings of said Company.l
3. An act to provide for the payment Of the debt
of the State to the Bank of Cape Fear, to the Bank
of the State, and other debts due account Of en-
dorsements by the State on account of the Raleigh
and CASTOR Railroad Company. Authorizes the
Treasurer of the State to issue certificates of debt
for sum not exceeding two hundred thousand dol
lars binding the State pay the expiration of ten
years from and after the date which such certf-
Gates shall be issued 1t is also provided that moth
ing in this Act shall be considered to give any
authority for the Governor and Council hereafter to
borrow money for the repairs Of said Road, &c
4. An act to provide for the establishment of a
State Hospital for the insane in North Carolina.
Provides for tax of one and three-fourhs Of cent
every hundred dollars valuation of land and five
and quarter cents the poll, to be levied for the
space of Jour years. to raise the money to construct
and furnish said building-the country Courts du-
ring said time to have power to make proporonate
reduction of the poor tax in their respective coun-
ties. The supplemental b to this act locates this
Institution within three miles Of the City of Raleigh
g. An act to extend the time for registering grants
mesne conveyances, powers of attorney, blls OF sale
and deeds of gift
o. An act extending the time OF periectlng uties
to land in this State. Extends the time OF perfec-
ting titles to 1851 to such as have made entries
since 1870 and extends the time OF payments to 1851
O those who have made entries since 1913.
T. An act to unite the Roanoke Railroad Com
pany and the Sea Board and Roanoke Railroad Com
pany into one. Provides to increase the capital
stock of said Companies 81 100000 at the discre-
ton of the Stockholders-allows two years to
mence the work for uniting said Roads and no lon
ger from the lst day of January next
s. An act to amend the 46th chapter of the Revis-
ed Statutes, entitled ''ForcibIe Entry and Detainer
y. An act to amend an act entitled san act con-
corning Weights and Measures, adopted by Resou-
ton OF Congress Standards throughout the Uni
ted States. Ratified the It'll of January, 1849.'
PROVIDES that newly erected and unsupplied coun
ties be furnished with standards
TO- An act more eectually to suppress the traffic