Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1862-06-04
authorization shall be used as the e0mpsRs BY

authentications shall be used as the Compan5 oy
their bylaws may adopt 4-s IL 4
SEC. Is. Be 1t further ordained, That the said
Company may purchase and have, and hold IN zee.
or for term Of years. any lands tene'nents, OF ne
reditaments, which may be- necessary for the said
road for the erection Of repositories houses 1or
the officers and agents OF the Company or for work
shops, or foundries for the Company or for any
other purposes for the furtherancs Of said road.
SEC. 49, Be- 1t further ordained That the Com
pany shall have the right, when necessary to con-
struct the said Railroad across any public road or
along the side of any public road: Provided, That
the said Company shall not obstruct any public
road without first constructing one equally IS good
and convenient as the one taken by said Company.
SEC IT, Be it further ordained. That when any
land or right of way be required by said Company.
for the purpose of constructing their road building
warehouses;, water stations workshops or deposito-
res and for want ofagreement to the value there
of the same cannot be purchased from the owner or
owners the same may be taken at valuation, to be
made by q Jury of good and lawful men, to be
summoned Nv the Sheriff of the county in which the
land NAV lie and in making the said valuation the
said iury shall take into consideration the loss or
damage which may accrue to the owner or owners
in CONSEQUENCE of the land or r'cht OF way De'ng
surrendered, and also any spec! A"nefit or advan'
tage be- she, or they may receive fitni nc erection
of the said road and shall the value md amount
of EACH and the excess of loss or damage over ana
above the advantages, shall form the measure OF
valuation Of land or right Of way Proridsd nerer.
theless That if any person whose land the said
road may pass or the Company should be dssat's-
fled with the valuation thus made then, and IN tnat
case either party may have an appear 10 the Gou,s
of the county, to be held thereafter and the SnerH
return to said Court the verdict OF the jury, WIN
their proceedings thereon and the lands or r'gnt OF
way so valued by the jury, shall vest IN 'ne Oom-
IL. eho ho mood f,pt lr.
poses of said Railroad, So soon as the valuation may
be paid or if refused paid to the Clerk of the
County Court: Provided, That the right of con-
demnation shall not authorize the said Company to
invade any dwelling house. yard garden, or graveyard
of any individual without his consent.
Sec l8. Be it further ordained, That the said
Company shall have the exclusive right Of convey
ance or transportation, of persons OF goods, mer-
chandize and produce of all kinds over said road, at
such charges as may be liked on by majority of
the Directors
Sec. 10. Be 1t further ordained, That the
profits Of said Company, so much thereof as
the Board of Directors may deem advisable.
shall, when the affairs of the Company will permit,
be annually or semi-annually divided among the
Stockholders in proportion to their stock.
Sec. 20. BE 1t further ordained, That notice
of process upon the President or any of the Drec.
tors, shall be deemed and taken as due and lawful
notice ofservice upon the Company.
Sec 81. BE 1t further ordained, That the
said Company shall have power to construct branch
cs to said road and connect with any other rail
road that may be constructed, and any contract
that may be entered into with any other rail road
company, by the President and Directors of said
Company, after the consent of majority of the
stockholders, first obtained shall be binding said
Company.
SEC 90. Be IL further. ordained, That it may
and shall be lawful for the Fayetteville and Florence
Railroad Company, to make and issue bonds to
an amount not exceeding million dollars to be
signed by tn. President of said Company under
the common seal Of the same, in of one hun
dred dollars each, bearing interest at seven per
cent and redeemzble according to the contract that
may be made at the time of the sale.
SEC. %, BE At FURTHER ordained That to secure
the faithful payment of said bonds 1t may be lawful
for the President and Directors of said Company to
make and execute a mortgage or deed of trust
under the common seal of said Company, wherein
shall be conveyed to the person thus appointed
trustee, the road, property and franchises of said
Company conditioned for the payment of the interest
and final redemption Of said bonds.
SEC n. BE it further ordained, That all the
work hereby required shall be executed with due
diligence, and ii it be not commenced within four
years after the ratification OF this ordinance, then
this charter to be void.
Sec %. Be it further ordained That it shall be
lawful for all solvent corporations to take stock In
the said road, which stock, when taken, shall be
represented by the Presidents of said corporations
and in the of county, by the chairman of the
County Court.
SEC. 26. Be 1t further ordained, That this ordi-
nance be in force from and after its ratification, and
shall he regarded public act and shall be con-
tnued in force until the year nineteen hundred ::
Preceded, That nothing herein contained shall be SO
construed as to authorize an appropriation to said
road by the State, or allow said corporation bank
ing privileges.
! Passed and ratified in open Convention, the 18th
day Of May, A. D., 1852.
W. N. EDWARDS,
Teste: Pres. Of Con.
! W. L. STEELE, Sec.
L. c. EDWARDS, Asst Sec
No. 39.l
| An Ordinance to make further Provision for the
| Public Treasury.
/. Be 1t ordaiaedby the delegates of the people
of North Carolina in Convention assembled, and ii
IL hereby ordained by the authority Of the same,
That the Public Treasurer is authorized to issue
two millions of Treasury notes. in sums of five
dollars ten dollars, and twenty dollars, each in the
| f,uor;nr op,onnts viz eivhf hnndrpd thouc,pd IN