The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1849-02-09
CAPTIONS.
PUBLIC ACTS
Passsd BY the Legislature of North Caro-
lima, at The session of ls4s-49.

| una, al me session OF lS4S-'49.
Anact to incorporate the North Caro-.
lima Rail Road Company. Provides for
a Rail Road from Goldsborou.h in Mayne
county, by way Of Raleigh aud Salisbury
10 the town Of Charlotte, capital stock Of
the company TO be three millions Of dollars
two millions 10 be subscribed by the
Stale. aud one million by individuals. The
States part of the subscription to be raised
by he Treasures issuing certificates, bind.
ing ond pledging the Slrte for the pay ,neni
Of The principal uf said deb, to be redeem.
able Of the end Of thirty years; aud said
certificates Of deb, not in any event 10 bs
put IN market below par. As soon as the
-um OF one million Of dollars shall have
been Subscribed, The subscribers shall be
Incorporated into Company, and be stock.
holders shall meet at Salisbury to elect y :
reciors and enact bye laws for the govern
meol Of said company. The sG,as Of the
company to be managed by board Of
Twelve duect0rs-to be appointed by the
State end the stockholders 10 proportion 70
heir stock subscribed. II IS further pro.
Vided, that for the purpose Of obtaining
subscriptions TO pu, the Raleigh and Gas.
ION Rail Road in good order, books shall
be opened al various points !; and when the
sum Of FIVE hundred thousand Jollsrs shall
have been subscribed aud expended on the
Rood, in laying II down sIih heavy T iron
&C., then one-half of said Rad, with all
the property pertaining TO II, shall be trans.
tered 10 SAID Subscribers, and the s,ockhol.
defs and OBJ Igors Of The said X ad shall be
iorescT d scharged from all liability TO the
State. And if The said subscribers shall
fail TO &c ;epi the conditions Of this act, and
comply auh It, in iha, case then all the
benefits Of said act shall be granted 10 Other
persons, who shall, lie body corporate as
SAID subscribers would have been. Provi.
sion is So made, in certain contingencies, for
exieI ding the CASTOR Rpadto Weldon. Said
bill also arpsopriaies sat, 600 for Improving
Neuse River, and S25 900 for Tar River !;
but said money not TO be paid until onera.
t,ons have been commenced on the North
Carolina Il al Road. And all tho works
hereby provided for must be commenced
within three yeas, and flashed in ten, or
the charter will be iotfel,ed !
9. An act to incorporate Tue Fayetteville
and Western Plank Road Company. Pro
vides for a Plank Road from Fa, et.evile
TO SaIlsbury--capi,al stock Of the Company
10 be tao hundred thousand dollars, IN
shares OF fifty dollars each the State TO
take three tii,hs, and individuals the re.
naming sun. The affairs o. The Company
to 10 managed by a President, and niue
Directors; and If the capital shall be found
insufficient. the said presiden, and Dltec.
tors are author Z-d 10 receive additional sub.
scrlptions to the amount of three hundred
thousand dollars, but the State to Subscribe
40 more than three fifths. Toll gates TO
be erected aud tolls collected, but the prefis
Of sad Company not 10 exceed twenty per
cent 10 any one year. The President end
Directors TO render distinct account Of their
process dinss and disbursements 10 the sunu
al meetings of the Stockholders and to the
Governor Of The State; and the Governor
TO be authorized TO appoint one or more per.
sons 10 represent the State in the annual
meetings Of said Company
An &C, 10 provide for the payment Of
the debt OF the Stale to the Benk of Cape
Fear, TO tho Bank Of the State. and other
debts due on account OF endorsements by
the State on account Of the Raleigh and
CASTOR Railroad Company. Authorize,
the Treasurer of the State 10 issue ceriifi.
Gates Of deb, for sum not exceeding two
hundred thousand dollars, binding the State
10 pey a, the expiration of ten years from
and after the date on which such certificates
shall be issued. II Is also provided shat
nothing IN this Act shall be go considered
as to give any authority for the Governor
and Council hstesiier TO borrow money for
The repairs Of said Road, &c
4. An nc, to provide for tho establish
ment OF The Stale Hospital for The insane
IN North Carolina. Provides for tax Of
one and three-fourths Of cen, on every
hundred dollars valuation Of land, and five
and a quarter cents on tho poll, TO be levied
for the space of four years, to false the
money to construct, and furnish snld building
1.-The County Courts during said time TO
have power to make propor,ionaie 10
duction of their poor tar in the respective
SSSu'iSs' AhS oi' " AZ
locates this Institution within three miles
Of the City Of Rileigh.
5. An act TO extend the time for regis.
tering grants, mesnc conveyances, powers
Of attorney. bills Of sale and deeds OF gift.
6. An scI extending the time Of perfect.
ing titles 10 land in this State. Extends
the time of parlectlng tiilcsto 1851 10 such
as have made no entries since ls40 and
extends the time Of payments to 1851 to
those who have made entries since lS43.
7. An act TO unite the Roanoke Railroad
Company and the Sea Board and Roanoke
Railroad Company into one. Provides TO
increase the capital stock Of said Compa.
MES to 81 500. 900 a, the discretion Of the
Neutrality-suspicious. two years to com.
mence the work for uniting said Roads and
no longer from,he LIST day Of January next.
g. An act to amend the 49lh chapter oil
the Revised Statutes, entitled "Forcible