The North-Carolina standard., 1849-03-21

tons of this act are accepted; and the sum Of five
hundred thousand dollars shall have been subscribed
by solvent subscribers to be judged Of by the Gov
ernor and Attorney General, then and in that case,
the said SUBSCRIBERS shall have lawful authority to
mortgage one half of the said Railroad. to enable them
obtain the necessary credit purchase part Of the
iron which will be needed for said Road.
SEc.s4S. Be It further e1acted That If the said
and conditions of this act then all the benefits OF the
same shall be granted to Thomas F. Wyatt, John
Campbell, Thomas p. Deverenx, Andrew Joyner,
Weldon N. Edwards, George d. Baskerville and
Alexander Hawkins, and such other persons as may
associate with them, who shall accept and comply
with all the terms and conditions of the same; and
they and their hereby Incorporated INTO
a Company, by the name and style OF the Raleigh
shall have lawful authority to and be sued, to
hold, possess and enjoy all the rights, franchises,
powers and privileges granted by this act, and shall
be subject all the restraints limitations esrictons,
and liabilities imposed by the same.
Sec. 40. Be it enacted, That whenever the Roam
oke Rail Road Company or the Seaboard and Roam
oke Rail Road Company, with or without the aid OF
individuals shall subscribe to the Raleigh and Gas
ton Rail Road Company, one half the sum necessary
to construct Rail Road from some convenient point
the Raleigh and CASTOR Railroad, near the Litteton
Depot, any point between that Depot and Roanoke
River and the town of Weldon, any point in the
neghborhood thereof, as to connect with the Will
mington and Raleigh Road, and the Seaboard and
in forming the said connection, then the said Raleigh
and CASTOR Railroad shall be extended to the said
town of Weldon or Ineighborhood thereof; and the
Public Treasurer is hereby authorised and directed
to subscribe for equal sum for and In behalf of the
State, and pay for such subscription, out of any
money in the Treasury not otherwise appropriated
and for the want of such money in the Treasury the
Public Treasurer is hereby authorized to borrow the
sum at rate of interest not exceeding six per
per annum, and to issue bonds payable at any time
within ten years. for not less than 1--WE hundred dol
lars each. r
SEC. So ard be it further enacted That of the
conditions of this charter is that this General Assem-
bly, shall have power and authority at any future SeS
sion to establish regulate and control the intercourse
between the North Carolina Rail Road and the Raleigh
and CASTOR Rail Road, best to secure to the
public easy and convenient passageo of persons and
property: e
forty thousand dollars, to be raised by the State in
the same manner other moneys are raised by the
provisions of this act, be- and the is hereby ap
propriated for the purpose of clearing out and mn
proving the navigation of the river Neuse, between
the town of Newbern and the town of Smithield.
And also, that the further of twenty-five thou
sand dollars, to be raised in like manner, be and the
same is hereby appropriated for the purpose of clear
ing out and improving the navigation of the Tar
river between the town of Washington and the falls
of the said river; and that his Exceilency the Gov
ernor is hereby empowered and required to appoint
suitable commissioners to carry into effect the require
mentS OF SectlOn: fT00tQeG, the n0IeDy
propriated to the Neuse and Tar Rivers shall not be
paid by the Public Treasurer, until the railroad COM
pany shall have subscribed the whole amount of stock
required from them, by the provisions of this act,
and have commenced operations on said road.
SEC. So. Be IL further enacted, That soon as
the said North Carolina Rail Road is commenced
and the superstructure of the same laid down at Ra-
leigh the owners, propetors and authorities of the
Raleigh and CASTOR Rail Road shall be, and they
hereby authorized and empowered to effect junction
and form actual connexion with the said North
Carolina Rail Road, at such point in the vicin
ty of Raleigh they in their discretion may select
Sec. SO. Be ii further enacted That all the works
hereby required Of the North Carolina Rail Road
Company shall be executed with diligence; and if
they be not commenced within three years after the
ratification of this act and finished within ten years
after the period of commencement, then this charter
shall be forfeited. ,. .. .- -
Ratified 27th day of January, 1s49.]