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

= srflheti On m3Gnef IS sess u Il - az 70 lie
y diHy II The Grnefa. Commissioner ~.
i pn'nrtd nntlcT liz d section M il,s an,
10 alpelgi iin,f 4. ii.c steal 'st.! .egs "a
: mseiaiSslslurt. IL Row an eonn,y. ulich
: they sliail canse IL y. pse,inls,ls Eu'.lisl.-
7 81 ins ihe spare II i'iiliy DAYS. III rme a.
/. mnir nrH fpaFefs. 4, they mHs i I'm rue
: per. ~ which lime afl Place lie said
; sinrlloi,leis. N person or PROXY. sl...,i
: rroeee,l :" el'ci In liilerinfs II tie Coai-
: parry. anl 10 rnari all siea Ieen'alirns
!. and hi,'aws ~ max he nerrs,arl iar lie
. r"Vtfnn:fnl 81 tie Grrinraiina ard tie
: Transaction 4 ~ business: Tie Iersfns
! ELECTED Dirriafs "A ibis nre:ing. shall
! serve ssril i.eEi i. tni exrrcsi ~ one yr.r.
, Is The stockholders sh.ll ia On lie day
and plaee or pl.ees where the suhseausnt
J elrrilan 81 Dneetefs. slisH he held; anal
! such tleriions sililli LEM. ( nth bc annual.
y made: but II the ~ ~ lie anuasl cl,c-
lion should pass ei.l.nn; aay elrc,ion of
Directors. The corporation sltall not ls
ilcrrh, dissolved. hni il stall h. lawful
90 ny oiller iay - hrl ani make srcli
,lrciInn IN su,h manner rs nay lie pre-
srribed by bylaw al tic corporation.
See. Q. Ihai ile affairs If lie Comra A.
\ ny shall he managed an' Injected hy
9 neral lonrd, 10 consist of iw lie Direc-
+ l"rs. To be elected ~ Ike Stockholders,
from among Their namher, at their first
anil Subsequent general annual meetings,
a. prescribed in section Sill u ilii.,acl.
SIC. 10. That Tic election Of Directors
shall be by blioI. each slor khodcr hay-
me n many ,oles as he has shares in the
stock d the said company aid HE per.
son hatina magnify d all Tie votes
pol.ed shall be considered as duly elect
cd.
Sec. IL. That tic President or the
Company shall hc elected IN The Dlrrc.
tors from among Their number. in such A
manner as Ille regulations Of The Compa.
ny shall prescribe. ....
See. II. HAT ii Inc lirs, general meet.
ing Of The Stockholders. directed 10 b. cal.
led under section slh Of this act. maio.
/ rliy of all The shares subscribed shall be
represented before proceeding 10 business,
and II a sufficient number do mt appear
on The dty appointed. those who do attend
shall have power 10 adjourn from time 10
iinie, unlil regular meeting shall be thus
formed; and AT such meeting the stock
no tlcrs nay provide, by bylaw, as To
,hc numhfr Of stakeholder, and iheamounl
Of stock 10 be held hy them, which shall
constitute a quorum Tor Transferring busi-
ness at all subsequent rrgulal or ncrasi0n-
al meetings Of stockholders ana Dilec-
lOrs.
Sec. l3. That at all elections, and IN
on oil voles taken N any general meeting
Of The stockholders upon any bylaw or
any Of The affairs Of SAID Company, each
share Of the stock shall be entitled 10 one
vote, and that aiv siockhni,ler IN said
Company my vote by proxy and proN-
irs may be ,rrili a il such manner as
The stockholders by bylaws may pre-
scribe.
Sec. IL. That tic general Commits
sinners shall make lllciriclur oil esharcs
uf stock subscribed Tor, Al ihr frs, general
meeting Of the Stockholders, aud pay over
Ia The Directors elected al said meeting, or
ihrir authorlzed agent all sums of money
received from the Subscribers, and Tor fai-
lure theref r. shall be personally liable 10
said Company, Ia he recovered al The suit
OF said Company, in the Superior Courts
of law IN Ills Site, within tile County
we're surh delinquent or delinqAcnls nav
reside, and in like manner from said de-
llnqutni or tclirquens' executors or adj
minlsralors, 10 ease Of his or their death.
Sec Is That lie bord IL Directors
NAV I'LL all vacancies whi-h may occur in
il during The period for which they have
heon elected, aud III The abs. nee Of The
President mty I'LL his place by rccting a
President pro lcmpofe, from among their
number.
See. lG. That all contracts or agree
mcnts. authenticated by The President and.
Secretary &c The Board Of Directors, shall
be hindmg an the Company without
seal, on such a node of authsBlica,inn
may be used, as the Company, by their
bv-Iaws, may adopt
Sec. II. 'Ehatthr Company shall La-e
power, and nay proceed 10 construct, rs
speedily as possible. Rail Rnnd, with
one or mere tracks. 10 be used with steam
power, which shall extend from HE Will
mingion and Raleigh Rail Road, where the
same passes over Ncusc River, in tie
County Of Wayne, ria Raleigh and Sails
bury, To the town al Charlotee, IN Meek
cnburg County said Company may use
any section e he Rail Road constructed
h. them before the whole e said Road
{. Y be completed.
!. c. Is. That said Company shallhave
L exclusive right al conveyance oi traHs-
ton Of PERSONS. goods, merchandise
-, : produce over the said Rail Road, 10
be hy item constructed. nj such charges
as may be fixed on by d majority Of The
Directors.
See. .. That the said Company may,
when they see III, farm oui their right Of
ever said Rail Road, subject
10 the rules above memioned; and said
Company and every person who may
4 4 4 8 ,c,