Semi-weekly North-Carolina standard. [volume] (Raleigh, N.C.) 1852-1853, 1853-03-23

with or without seal. Such mode of ~ npanI
ton shall be used as the comnanv he ~ cutnentes
may adopt. A'H bylaw,
SEC. Is. Be it further enacted That tha.
Pahy may purchase, have and hold in fee so. COZ.
OF years any lands, tenemenis or hereditamsn.i LEM
may De necessary for the said road, or for The Which
OF repositories, storeho1ses, houses for th eelon
servants or agents OF The company, or for wo,E
or foundries to besnsed by the company. =, ssAopI
curing stone other material necessary To S PEa
strucfion of thefoad, eifecIing transpor,,i Con-
for no other purpose whatever. u' and
SEC. I6. Be Ifurther enacted, That The
shall have the right, when necessary, 10 cons,pany
said railroad across aLy public road or alon ~ The
of any public road Prouided That the ssi 'ne side
ny shall not obstruct any public road wIboU, Ipa'
constructing enc equally as good and as coOu INST
as the one taken by said company. ''H'en'at
SEC. IL. Be AZ further enacted, That ,uho.
lands or right of way may be required bv III. soy
company for the purpose of constructing tbo; Sad
building, warehouses, water stations, wort.sh IOad
repositories, and for want of agreement az to
ue thereof, or from any other cause, the sam. VAL
be purchased from the owner or owners nnSt
may be taken at valuation TO be made bv ; sane
good and lawful men, to be summoned bv Tho 10y
of the county in which the land required bv ,h s"sn
pany may lie, and in making the said yaI1.,;oEOn
said jury shall take into consideration the loo. Tue
age which may occur TO the owner or owner. .uan
sequence of the land or the right of way bann .OH
rendered and the benefit and advantage he she OIL
aaIh
and shall state particularly the value and Onu &C.
each and the excess of loss damage over .nJu
the advantage and benefii; shall form The "U0'e
valuation of said land right of wav. p.ouS
ererfheIess That if any person or persons owe,
land the said road may pass, or the COMPANY sboUIS
be dissatisfied with The valuation thus mado ,r
and In that case either party may have an Ien
the next court of the county to be held 49,
and the sheriff shall return TO the said co,
dict OF the jury with all their proceedings thereon
and the lands or right of way SO valued bv The fn
shall vest in the said company SO lonU &C ~ JuI
shall be used Tor the Purt oses of said railroad ~
soon as the valuation may be paid, or if ,ofnS ~
paid over to the clerk of The county court Po.;S,
That the right of condemnation shall no, au,b;
the said company to invade The dweling.houss v,I
garden or grave yard OF ary individual without bs
consent. "'
Sec. 18. Be it further enacted, That the riob, ,f
said company 10 condemn land in the manner descIb
ed in the above section shall extend 10 The coDdo
nation only of one hundred feet on each side of ,b
main tract of the road, meandering from The .cer,
OF the same, unless in of deep cuts and fluos
when said company shall have power to condemn,
much In ADDITION thereto as may be necessary for The
purpose of constructing said road, and the comDanv
In like manner shall have power TO condemn any an
Proprate lands for the and building Of de-
pots. shops, &c.. not exceeding 6vd cres in one LOT
or station.
SEC. 10. Be IT Jurtfer enacted, That the said CON-
pany shall have the exclusive right of conveyarcs
or transportation OF persons, goods, erchandze prO
duce and coal over said road such charges as NAV
be liked on by majority of the directors.
SEC. 20. Be IL further enacted, That the profits Of
the company, or much thereof as the board of d.
rectors may deem advisable, shall, when the affairs
of the company will permit, be annually or seminar.
nually divided among The stockholders in proportion
TO the stock each may own.
SEC. 81. Be 1T further enacted, That notice Of
process upon The president any of the directon
thereof, shall be deemed and taken be due and law
full notice of services of process upon the COMPANY
SEC. %. Be ii further enacted, That said companr
shall rave power 10 construct branches said road
to connect with any other railroad that may becOu
sirDcted, and any contract that may be entered into
with any other railroad company by the PRESIDENT and
directors of said company, after The consent of ma.
oty of the stockholders first obtained shall be bind
ing on the said company.
SEC. %. Be 1t further enacted, That it may and
shall be lawful for the said Western Railroad Com
pany," 10 make and issue bonds to an amount mol
exceeding four hundred thousand dollars, signed
by the president of the said company, under the
common seal of the same, in sums of one Thousand
dollars each, bearing interest the of per
cent. per annum, TO be paid semi-annualy in the
city of New York or Boston, at their option and re-
deemed in the year 1875.
SEC. %. Be III further enncLed, That to secure the
faithful payment of the said bonds, it may and shall
be lawful for the president and directors of the Wes
tern Railroad Company" 10 make, execute and de-
Ver 10 Sucn person. elmer In the city OF new 1W
or Boston. as the said company may select and aP
point, deed of trust mortgage under the common
seal of said company, wherein shall be conveyed I"
the person thus appointed trustee, the road, property
income and franchises Of said company, acquired OF
to be acquired. conditioned for the payment of the
interest and final redemption Of said bonds.
Sec. 25. Be IL further enacted, That all the Off
Gers of the company and servants and persons in The
actual employment of the company be, and they are
hereby exempt from performing ordinary militia duty
working on public roads and serving as jurors.
SEC. &c. Be ii further enacted, That all the work
hereby required shall be executed with due diligenc,
and if Cit] be not commenced within four years after
the ratification OF this act then this charter shall
void.
SEC. 81. Be IL further enacted, That this act shall
be in force from and after its ratification, and shall
regarded public act and be continued in force un'
Ill nineteen hundred.
Tread three times and ratified in General Assembly
this oath day of December, A. D., f652.1