The Charlotte journal. [volume] (Charlotte, N.C.) 1835-1851, 1851-05-21

~ oe tS SCuitu ss a'hTfs1lui WIN 0s Haij GIbnCh.
es d'vsrg'ng ffom'the main stem as thtI, CT q
maJotty Of tt.n, any deem rece.safv, aud
may cause 10 be- n sGe bLd d 81 to uele aid
construct all works nhs,soc,cr ptch nav 10
Necessary md caprden, to The ,Iprpr com.
ple'icn oi tie sad road esd sIl ,s b,srches.
Sec. 10 b. u o,i,.et enacted. lbai thu
said prsidsn, : d - ,ecsess sbalj h. " uaa..-,
et to mike eobtttcis With any pcfsod 5f pei.
sons, on behaf Of The compauy, Ter making
the said p.suk ioad, oge'bei h any bfancil..
ss ol The seu.c, aId PEI forming ~ o her thinga
respecting tie seue hich ttcy eball lodge
necessary aSd proper; eud TO requae t,om
The subscribers, rom ume 10 Iliuc, such cd.
sances OF money, ON ihe't icsi ecuIe shares,
as the wants Of Tie coupany may demand,
until the " hnic "a ltpIs suhscIil luuns sha be
advanced 20 call, ou any emergency gen.
era' meeting Of ,hr slack GlLeie, giving oue
months notice ,he col 10 .ne Of Tie new STA.
pers printed N each + lie lunLsul Charlotte
and LlbouIn'on; 10 u pont tteasurer roG.
among the sttcn GiGets, {hut not ot their oau
body sho shall ese bond aud security for
he faithful discheF.e OF his duty und duly
accounting irT al The money winch may come
INTO his hands as teasutet, o appoint clerk
aud such managers ard toll gathetefs, as they
may deem tecessaty; nud 20 transact Gil the
business tt the company durng the intervals
between the general u,eetngs Of the stock
holders.
Ser. H. b II 'utiher eusc,ed, Tint if any
Stockholders -hrli ta, to ray he sum tequm.
ed Of nm is Tie Pttstdeut and Directors, or
IV m . 81 lsp, u ~ , mt
Ter he san e 81 all have been advertised 70
one OF the neNspspeis printed IN each Of the
towns Of Chartue aud L'ncolntcn, II shall
and may be lawful for he President and D.
rtctors, or usiofuy Of them, 10 sell, at pub
hc auction ard to convey TO the purchaser,
the share or shares OF such stockholders go
tai'ing or refusing, g,lrg one months prev.
Gus notice OF the time and place Of sale, in
manner aforesaid end after retaining the sUm
due and all the cha ges Of the sale out of the
proceeds thereof, TO pay the surplus over 10
the former owner, or 10 hls legal representa-.
tves and !! the sale shsll no, produce the sum
uq1ifrd TO 5e sdvA, ced, With all the incider.
Ia charges attending he sale, then he PresI.
drht End Dlttclots msy recover the baIauce
oI The oii.Itaj prep Irielor, Of his gssgtee, or
the executor or admuistta,or, or either of
them, ty suu 10 any court OF record ha,lnc
IurIsdrction thereof, or hy warrBut before sny
justice OF The peace Of The county Of which he
is ieslGen'i aud eny purchaser Of The stock
OF The cowpanl, under The sa e by tie Pesi,
dent ard Dtectofs, shan lie subject to tie
same rules aid Tesu aurs as the oiigin
proprelnis.
Sec. II, b It further enacted That If the
capital stock o. he company hereby iucorpo.
rated sholI lie found lnsuticlen, for lhe put-
POSES Of 'Fs act, II shall ard may be lawful
for The President ard Directors of The said
company, or majority Of .hem, from lime 10
lhie 10 Increase The sad capital stock 10 an a.
mount not exceeding three hundred thousand
dollars, By the addition Of as many shares as
they may deem Iecessafy first giving The 10.
1iyidua. stockholders, for the time being, or
her legal representatives, the option oftaking
such addlHcnal shares IN proportion TO the G..
moons OF stock respectively held by them and
opening hooks n the towns Of Charlotte, New
on and Lucolutou, ard such other places as
he Ptesidsn und Directors may lhluk prop.
7 to. any balance of he capital stock crea.
ed which may ro' be taken by The Slockhol.
ers Tor the tue being, or 10 their behalf;
nd the subscribers for such additional shares
# the capital stock 10 The SAID company are
eieby declared to be lhencetorw7fd ucorpo.
aied INTO The SAID company, wih all the
nvtleges and advantages, and subject TO all
he llablltHes ot the original stockholders.
Sec. l3. Be il further enacted. Tha, the
resident and Directors, their officers or a.
en's may agree with the owners Of any land
yer which The SAID road, or any of lis branch.
$, is intended To pses tcI the purchase Ihereor;
nd IN case Of disagreement, or if the owners
hall be fene covert, under age or non compos,
7 out OF The State, on application to sny two
ls,ces OF the peace oil The county where the
nd- lie, the Justices shall issue their wsrrants
, the sheriff OF seid county to summon eigh.
,en iieeholders 10 meet on the land 10 be
alusd on day expressed IN the said war.
ant, not less than ten nor more than twenty
ays thereafter, and tho sheriff, on receip. Of
e warrant, shall summon the freeholders ac-
'rdngly, and when met shalt draw twelve of
EN-, who, atier being duty sworn, will Impair.
lliy value the land IN question, aud consider
g dana ges the owners thereof may sustain;
I'd The inqmsruon aiken shall be sIgned by
g sheriff and he Jury, and returned to The
ERIK Of the couuty court 10 be recorded
nd, IN all cases, the jury Is hereby directed
describe tie land valued; and such valuation
all be conclusive; and the President and
lrec,ors shsl pay the sum to the owner Of
e land valued, or his legal representatives;
d II neither can be found IN this State, or if
ey should refuse to receive the money, then
the clerk OF the county court: and on pay
snt thereof, the SAID corporation shall be
zed IN fee Of the land, as fully and absolute
as II 1t had been conveyed 10 them by the
ners: Prorided nerertheiess, that the dwell