The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1849-05-25


may associate with them, are hereby cIea- N
ted body polite and corporate, by thsi a
name and style Of the Raleigh and Castor $
Rail Road Company and by that name IL
I shall be able 10 sue and be sued, and shall $
have, possess and erioy all the rights r
\ franchises, powers and privileges, vested /,
in and granted to the Raleigh and Castor q
Rail Road Company, by an act, entitled
An Act to incorporate the Raleigh aud a
CASTOR Rail Road Company" passed by i
the General Assembly Of this State on the I
- day Of -, ard shall be subject {
to all The restraints, limitations, RESTRICTIONS
and liabilities imposed by the said act; /
! and all the other provisions OF the said
act, SO far as the same remain TO be exc.
cuted, are hereby declared TO be in full ,
force and effect, upon the following terms
and coseispns nevertheless.
|, Sec. 46. Be il enacted, That wheneysr
} The said persons and their associates named
in the foregoing section, shall have cub.
scribed the sum of FIVE hundred Thousand
dollars Tor the purpose aforesaid, and shall
| have expended the same IN putting the
{ Raleigh aud CASTOR Rail Road IN full and
G complete order, with heavy I Rail iron,
or other iron equally good, not weighing /
9 less than fifty pounds to the yard, then enc |
i half of the said Rail Road, with all the
y machine shops, Depo,s, water stations,
y Engines, Coaches, Cars and every other I
= property appertaining to the said Rall 7
d Road shall be sold, con,e, ed aud transfer !
e red 10 the subscribers, their heirs aud as
J, signs, by the Governor under the great
T. seal Of the State; and the said late stock.
D, holders aud obllgors Of the said Raleigh
I'd and Castor Rail Road Company, shall be
re and are hereby declared TO be forever re-
e leased and discharged from oil liability to
IN the State, for and on account OF the said
4. Raleigh and CASTOR Raj Road Company,
8. upon the payment of costs incurred. And
H. the Governor is hereby authorized, and II
be is declared TO be his duy TO suspend the
further prosecution of suits brought by the
at Stale, against the said stockholders and
r.. obigors, until il can be ascer,ained Hheih.
i'm er the said subsc ribers are wiling TO &C.
IN. cept the conditions Of this act, and that
RS they shall be allowed two years from The
oil passage Of this act TO make knowa their
int determination 10 the Governor. And II
,f the terms and conditions of this act shall
lin be accepted, aud the work commenced
he within two years, aud finished sitbia three
he years from the ratification Of tbs act,
ip- then this act shall continue and be IN full
me force for ninety years and no longer.
es, Sec. AZ. BE il further enacted, That il
he conditions of ihis act are accepted and
II the sum Of FIVE hundred thousand dollars
err have been subscribed by solven, subscri
rer bers, 10 be judged Of by the Governor and
rs Attorney General, then and 10 lha, case
ed the SAID subscribers shall have law vi au
AID lhoflty TO mortgage one half Of the SAID
be Rail Road, to enable them to ob ain tn,
his necessary credit 10 purchase part Of Tia
be iron which will be needed for said Road.
Ifd' Sec. Az. BE il further enacted, Tina,
,ei' the said subscribers shall refuse or neglec
val TO accept the terms end condition. Of TIN
%. act, then all The benefits OF the s. me sha.
80. De granted to Thomas p. Devereux, An
seq drew Joyuer, Weldon \. Edwards, Geo
III ID. Baskerville and Alexander Hawkins
aud such oher persons as may ASSOCIATE
as with them, who shall accept and compl,
It'll. with all the terms and conditions of III
Iaie same; and they and their successors ar
to hereby Incorporated into Company, b
ere the name and style of the Raleigh an
The CASTOR Rail Road Company, and by tina
" name shall have lawful authority to su
Is and be sued, to hold, possess and enjoy a
any the rights, franchises, powers and priv
ime leges granted by this act, and shalt be sui
by lecl TO all The restraints, limitations, T,
to slrlctions, aud Liabilities imposed By Ii
OF same.
ends Sec. 40 Be il enacted, Tha, whenevt
the the Roanoke Rail Road Company or III
ehy Seaboafd and Roanoke Rail Road Comps
IN ny, with or without the aid OF individual
any shall subscribe to the Raleigh and Caste
ap Rail Road Company, one half Of the su
necessary to construct Rail Road fro
nat some convenient point on the Raleigh az
ized Castor Rail Road, near the Liltleton ID
the pot, or any point between that Depot az
eys, Roanoke River, and the Town OF Wedo
kept or any point IN the neighborhood thereo
ose so as to connec, the Wilmington and Ra
n IS eigh Rail Road and shall expend the sa
be sum in forming the said connection, the
'blIc the said Raleigh and Castor Railroad sha
I'd be extended 10 the said town Of Weldon
O IN ne.ghborhood thereof, and the Public Ire
anne surer is hereby authorized and directed
subscribe for an eqlal sum for and 10 b
'oInl half of the State, and pay for such sui
any, scription, out OF any money in the Trei
no sury lot otherwise appropriated; and f
by the want Of such money IN the Treasur,
has the Public Treasurer is hereby authorize
: TO borrow the sum at rate Of interest NJ
GERS exceeding six per cent. per annum, end
EN-. issue bonds payable at any time within ,e
they years, for not less than FIVE hundred do
nm. lars, each.
MY: Sec. 80. And be II further enacfet
oard That one Of the conditions Of this chartt
en-. is that this General Assembly shall hav
Is Of power and authority at any future sesso
ries, to establish, regulate and control the lnte
4 IL course between The North Carolin, Pa