The Hillsborough recorder. [volume] (Hillsborough, N.C.) 1820-1879, 1849-02-07
PUBLIC AcTs.

EnT D Rail Road from Gnldshnrongh. i
Watne County. hy wav Of Raleigh an
Salisbury 10 the town Of Charlotte. CAP
iial stork IL The rnmpany 10 he three Nil
liens 81 dollars-Iwo millions 90 be sub
srrlhed hy lie Stale. and one million d,
individuals. The Stairs part az The snb
scnpiinn 10 I've rAised by the treasurer
issuing certificates, binding and pledgin.
Tie State Im thc payment Of The pIincipa
Of sand debt 10 he redeemable at Tie ent
&c thirty wears and said certificates 81
dbl not in any e,enI 10 be- put IN marke
below par. As soon as the sum Of nnf
million &c dollars shall have been snhscri.
bed. the subscribers shal be Incorporated
in a Company, and the stockholders shall
meet al Salisbury 10 elect Directors and
enact hye.laws for the government Of sail
company. The affairs Of the company
10 BE- managed Nv hoard &C twelve III.
rrrlnrs. To he appointed by the State. and
The Stockholders ~ proportion To their
stock subscribed. II Is further provided.
that Tor the purpose Of obtaining sLhscnp.
iinns 10 put The Raleigh and Ga.ion Rail-
road in good order. books shall be opened
At various points: and when the snm Of
live hundred thousand dollars shall have
been subscribed and expended an the road,
in laying i down with heavy 7 iron. &c.,
then nnc.haIf &c said Road. with al Tile
properly pertaining To il. shall he trans.
ieirrd 10 said subscribers. aud the stock
holders and ohlgois of the said Road shall
he forever discharged from I'll liability &c
The State. And il the said subscribers
shall fail 10 accept the conditions of lhl'
act. and comply with it, in that Ease lher
III The henclils Of SAID az. shall he grant
cd 10 other persons. who >hall be a had,
corporate as said subscribers would har,
bren. Provision is also made. in certain
contingencies. for extending The Castor
Road 10 Weldon Said bill also appro,
PIRATES $4,000 Cor improving Nense ri,
yer. aud S25,00O for Tar River: but said
money mol 10 be paid unnl operations
have been commenced on The North Car.
DINA Rail Road. And all the works here.
iry. rfuvssiri for, must ne rommenced with.
III three Years. and finished III ten, or tie
charter viii he forfeited.
2. 10 provide for The payment Of The
debt Of The State to the bank Of Cape
Fear. 10 The Ba Of the State. and other
dehis due on account oi endorsement hy
the State for Raleigh and CASTOR Rail
Road. Provides that S20O.O00 shall be
raised Nv loan, on certificates hraTing @
per cpnI. interest, 10 be issued as the wants
Of the Treasury may require.
3. To Incorporate The Fayetteville and
Western Plank Road Company. PRO.
,ides lnr raising. By subscription. rapl-
tai of 5000 200. in shares ot $50 each. nf
which The Stale shall take three iiflhs, for
making y road from Fayel evIlle 10 Sails
bury; and, if found u, cessary, capital may
be increased to 100000 by private sub.
Corporation Ia 90 into effect
" hen $4,000 shall he subscribed. The
amount of the Stale subscription To be
raised hy loan, on bOnd., and paid over
from Time 10 time. as required, which
bonds shall be redeemed Al the expiration
Of 20 years. Tolls not 10 exceed 90 per
rent. on investment IN any one year.
4. Extending the time for registering
,ranls, mesne conveyanres, powers oi al-
nrney, bulls of sale aud deeds of gift.
Extends the time tno years from the
passage Of this arl.
5. Extending the time Of perlecting IL
les 10 lands. Extends tie Time 10 1851, I
% such as have made entries since 1910.
md the time nf payments 10 1851, Of such
IS have made entries since 1913.
G. An ac; 10 provide for Turnpike
R nad from Salisbury west To The Georgia
me. provides that all the bonds due
he Stale for sales of Cherokee lands. aud
Ill judgments rendered on such bonds. 10.
Ielher with all the lands sold and unsOli.
when The purchase money as mol been
,anI. in the counties Of Cherokee, Macon, I
md Haywood. shall be pledged for build.
ng said Road until said Road is complel-
d. The contracts for The building Of SAID
Road to he in lots If one mile each. 10 be
ct out 10 the lowest bidder; and when
aid Road is completed. or twenty miles
hereof. The Governor shall cause toll gates
!, he erected thereon, and the tolls coll
ccted shall 90 into the State Treasury.
III laborers subject To work on public
Roads, living within Two miles of said
Road. shall be required 10 perform six
lays labor in each year on said Road; and
% one shall be subject TO paw tolls on said
Road al any gate in the county in which he
esudes, or within twenty miles Of his resi-
euce. And j. is also expressly provid-
d, that the portion OF said Road from the
Georgia line TO the cas-, side of the Blue
Ridge, shall be first made. beginning al
he west end.
Z. An act to increase the Revenue Of
he State. Imposes tax Of three per
ent. on interest safely secured. due or
ecsiYed on sums III interest, deduciins