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

20 ..l (,ee nsssasa Il .riirlrs an HE
- Ra..l - IL branrlies shall ~ deemed
!, nablr nui.anrr. and NAV he ahsird -
sarh Is nns afiirrF. agent q servant Il
sa,d canpaHy and liir Peisen ransing
such atsirnrii,.n NAV be- ll.dlrifi and psn-
isispd lnf erecting 4 pIhlis nuisance.
Sc. IS. That ihe sid Company shall
have he right 10 take u The sieFe,hnnses
they NAV rslAhli.l On. nr annex 60 ihrir
Rail Road or lie hrsnrhFs ihere..L. all
Pa.sls, wares. meirhandi.e and p'otlure
intended for transportation. Press1s5s Vac
rules af priority anil charge aud receive
snrh iusl ami rea-nn.ile compensation Tor
slarasr. ~ IlseV hy rules may establish
.uhirh hey shall raus- 10 he pshlishstil
r. = nav he fixed ~ agreemeni Nilh The
Owner whirh niay he ,ilsiinsi IRON The
rairs &c transportation Provided. That
iIhe said Company shall nnl charge % re-
rriye storage on gools. wares. mrrchan-
disc ar produce which may he drliserrd
10 them 81 their regular defosilnries ST.
Immediate transportation. and whirh The
Company may have Puwer 10 transport
immediately.
See. IS. That Tie profits &c The Com
. many. ~ 50 much thereof - the general
board may deem advisable. shall, when
. lie affairs &c The Company will permit,
| he semi annually divided among The siork-
, hn:ders. IN proportion 10 tbs siork each
| may own.
, See. 90. That whenever il shall appear
! 10 the Board Of internal Improvements 81
lhia State. hy eeriiicaic under The seal %
sam Company. signrd by ilrir Treasurer
/, and counler.igned BIS their Pre,idcni, that
/. lone ,hnd have been subscribed for and
taken. and ll,ai 81 least five hundred ihnns
and dollars nf said sock ha. heen actual
IL paid into the hands Of said Treasurer q
!. said Company. The said board Of Inirrna
!. improvements shall be. and they are here
n hy authorized and required To subscribe ~
Il brlialT 81 the State. Tor stock ~ said tom
y pany. III tie amnnnt Of two millions q
r. dollars 10 The capital stock Of SAID Compa
nv and The subscription shall I've paid u
!. the following manner. t0-wit: The on
!, fnurll pari as soon rs The said Compan,
. shall commence work. and me iourll
\ thereof every six months thereafter, nnll
. ihe whole subscription in behalf Of ih'
9 Slalr shall be paid: Provided. the 'freasnr
!. ~ aud presi,len, Of said Company shall
n before they receive the aforesaid install
{. ,nen,s. satisfactorily assure the board
\. Internal Improvements. hy the cerliticaie'
under The seal If said Company, thai
y amount Of The private subscription hs
!. been paid IN equal proportion 10 The sloc
u subscribed by The Stale.
!. Sec. 81. That il in case The preseI
= Legislature shall mol provide lie neress;
n ~ and ample means 10 pay the aioresai
ID inslalmenls On the slork subscribed L
!, on behalf &c lie State. as provided for !
ii The 36th serlinn Of this act. and IN ili
le event, The Board Of Internal Improvement
m aforesaid, shall, and they are hereby Al
4. lhnrzpd and empowered to harrow, on u
n. credit Of The State, not exceeding ~
re-. millions III dollars, as the same may
he needed by the requirements Of this ari.
he See. 80. That if in case il shall hecon
m. necessary 10 harrow the money, by III
id aci anlhurized, the Public Treasurer slls
,a,l issue the necessary certificates, signed
II. himself and counlersigned by the Com
,.r irnller. IN sums not less than nne ihousa
Of dollars each. pledgng The State for I
IRE payment Of the sum therein menilone
ID, with interest thereon at the rate al inter-
lie not exceeding six per cent per anrnm. pa
he able semi.annuall., al such times and p
ing eps as the Treasurer may aPpnInt--t
pIy principal II which certificates shall be
,arl tleemahIe at the end oil thirty years irf
ror. the lime the same are issued: hul na q,
or ter amount Of such certificates shall be
ION sued AT any one time than may be su
on tcipnt 10 meet the inslalnelil required 10
co. paid hv The State III thai time.
the Ser. 80. That The Comptroller 81
register the said cirlifirales al large 4
ore book 10 be KEEP, by him for that purpo
ted a, the time he counlersIgns the same ; :
one when he delivers the same Id the Put
rad, Treasurer. he shall charge him IN
said books with the amount thereof, and q
as with all such sums, if any, as the Pul
lely Treasurer may obtain by way 81 pie
said nm on The sale ol the said certificates,
account of which the Public Freast
IONS shall render 10 The Comptroller, so 5,
by as negotiations from time TO time, Tor
uhls sale Of said certificates, are closed.
nth Sec. 10. That il il shall becnme ne'
will sary Ia issue tie certificates aforesaid,
may Public Treasurer shall advertise III OIL,
lPrn more newspapers, rs he may think y
any aud invite scaled proposals for surf
AMOUNT II The aforesaid sum ol two
vii. lions nf dollars as may be wanted at
any one time, and il shall he his duty To
shall cept ihnse terms which may be most
|, or vanlageuus To the Stale: Provided,
per- in no event shall any Of the said eel
hurt. Gates be sold for less than their par va
the and any premium whirh may be obi
hirle ed ON the sale of said certificates shnl
reon, placed IN Tie public treasury, aud usf
,thpr other public funds in the payment oil
IN OF terest on The debt hereby created.
o be See. II. That as security Tor the
shall tlemplion Of said certificates Of debt,
less public faith OF lie Sta,e Of North Ga