The North-Carolina standard., 1849-01-31
LAST DAYS or THE SESSION.

close of the session, it was out of power to pro
cure the regular proceedings of the two Houses fol
/ the two last days. We present below, however
what will no doubt be acceptable to our readers
than the dry detais-the Captions of all the impor-
tant acts passed. We shall take occasion hereafter
to publish most of these acts at length. fD
! On Monday morning the two Houses met, and after
ratffying number of bills and despatchngthe usu-
al business on such occasions, the House of Com
mons was adjourned sine de by Mr. Speaker Gillian;
and in the Senate, Mr.. Speaker Graves delivered a
few appropriate remarks, and then resigned his post
On motion, Col. Andrew Joyner was appointed in
his place Speaker of the Senateand he then adjourn
ed that body without day. Ef* = ".
l. An act to incorporate the North Carolina
Rail Road Company. Provides for Rail Road
| from GoIdsborough. in Wayne county, by way
of Raleigh and Salisbury the town of charlotte,
capital stock of the company to be three millions
| of doliars-two millions TO be subscribed BY the
State and one million by individuals The States
part of the subscription TO be raised by the Trea-
surer's issuing certificates, binding and pIedging
the State for the payment of the principal of said
debt to be redeemable at the end of thirty years
and said certificates of debt not in any event TO be
| put in market below par AS as the sum OF
one million of dollars shall have been subscribed,
the subscribers shall be incorporated into Compa-
nv and the stockholders shall meet at Salisbury
elect Directors and enact byeaws for the govern
ment of said company. The affairs of The compa-
nv TO be managed by board of twelve directors
TO be appointed by the State and the stockholders
in proportion to their stock subscribed. Il is fur
ther provided, that for the purpose Of Obtaining
subscriptions to put the Raleigh and Castor Rail
Road in good order books shall be opened at Vari-
Gus points; and when the sum of five hundred
thousand dollars shall have been subscribed and
expended on the Road, in laying it down with hea
Wv II iron, &C., then one halt of said Road, with
all the property pertaining to it, shall be transfer
ed TO said subscribers, and the stockholders and
obligors of the said Road shall b. forever dschar-
ged 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 case then
all the benefits of said act shall be granted to other
persons, who shall be body corporate as said sub
scribers would have been Provision is also made,
in certain contingencies, for extending the Gaston
Road 10 Weldon. Snid bill also approprlates S40,-
900 for improving Neuse River, and S25. 600 for
Tar River; but said money not TO be paid until
operations have been commenced on the North Ca
rosa Rail Road. And all the works hereby pro-
vided for, must be commenced within three years,
and finished in ten or the charter will be forfeedl
2. An act to incorporate the Fayetteville and
Western Plank Road Company. Provides for q
Plank Road from Fayetteville TO Shllsbury-cap-
tai stock ofthe Company to be two hundred thou
sand dollars in shares of fifty dollars each; the
State to take three-6ths. and individuals the re-
maining sum. The af1rs of the Company TO
be managed by "A President and nine Directors
and The capital shall be found insufficient The
said President and Directors authorized TO re-
ceve additional subscriptions 10 the amount ofthree
hundred thousand dollars, but the State TO sub |
scribe no more than three fifhs. Toll gates TO be
erected and tolls collected, but the profits of
said Company not TO exceed twenty per cent IN |
.,I
render distinct account Of their proceedings aud
disbursements to the annual meetings OF the Stock
holders and to the Governor of the State and the
Governor to be authorized to appoint one more
persons to represent the State in the annual meet
iDgs Of said ComplnYl
An act to provide for the payment of III"
debt of the State to the Bank of Cape Fear, TO
the Bank of the State and other debts due ac-
count of endorsement, by the State account of
the Raleigh and Gaston Railroad Company. [Au-
thorizes the Treasurer Of the State issue certii-
Gates Of debt for a not exceeding two hundred
thousand dollars binding the State to pay at the
expiration of ten years from and after The date on
which such certificates shall be issued Ii is also
provided that nothing in this Act shall be so con-
,iderpd as to give any authority for the Governor
md Council hereafter to borrow money for the re-
pairs of said Road, &c. t
T. An act to provide for the establishment of a
State Hospital for the insane in North Carolina
Provides for tax of one and three-fourths of a II
,ent on every hundred dollars valuation of land a
Ind FIVE and quarter cents on the poll, to be
eved for the space of four years. TO raise the mon
" to construct and furnish said buildiug-the
county Courts during said time to have power to .
make proportionate reduction of their poor tax in
he respective counties. The supplemental bill to P
his act locates this Institution within three miles
he City of Raleigh The Commissioners for q
his Institution are Mcssrs. John M Morehcad, 1
Calvin Graves Thomas N Cameron, George w:
Mordecai, G. l.. Hinton, and Josiah O. Watson r
s. An act to unite the Roanoke Railroad Com O
,any and the Sea Board and Roanoke Railroad
Company into PROVIDES to increase the capi.
al stock.of said Companies to 81 500 900 at the ii
discretion of the Stockholders-allows two years a
o commence the work for uniting said Roads and T.
10 longer from the lst day of January nexLl
6. An act TO provide for a Turnpike Road a
rom Salisbury west 10 the Georgia line. PRO p
rides that all the bonds due the State for sales OF
Cherokee lands, and all judgments rendered on ,
neh bonds, together with all the lands sold and =
lnsoid, when the purchase money has not been t
Haywood, shall be pledged for building said Road
Until said Road is completed. The contracts for !
he building Of said Road to be in lots of one mile !
ach, to be let out to the lowest bidder; and when
aid Road is completed, or twenty miles thereof a
he Governor shall cause toll gates to be erected
hereon, and the tolls collected shall go into the
State Treasury. All laborcrs subject 10 work on f
public Roads, living within two miles of said '
Road, shall be required to perform six days labor Q
n each year said Road and no one shall be sub ,