Weekly standard. [volume] (Raleigh, N.C.) 1858-1865, 1862-03-12

pany may purchase in lee, or for term Of years,
any lands teneinents or bereditanents, which may
be necessary for said road for the erection Of DE-
positores, storehouses houses for the vonceTs ser
wants or agents of the company, or for WORKSHOPS
or foandres to be used BY the company or tor pro-
caring stone other material necessary TO the con-
struction Of the road or efiecting transportation,
and for no other purposes whatever.
Is. Be 1t turiAer ordained, That the company
shall have the right. when necessary, to construct
the said railroad across any public ROAD or along
the side Of any public road: Prorided, That the
said company shall not otstruct any public road
withaat constructing one equally as good and as
convenient az the one taken by the company.
1G. Be itfarther ordained, That when any lands
or right Of way may be required by the company
for the purpose Of constructing their road, building
warehouses;, aerstations, workshops or deposit
tories and for want of agreement as to the value
thereof or from any other cause, the same cannot
be purchased from the owner owners, the same
may be taken at valuation to be made by a jury
Of good and lawful men, to be summoned by the
Sheriff of the county. in which the land required
by the company may iis; and in making the said
valuation the said jury shall take into consideration
the loss damage which may occur to the owner
or owners in consequence Of the land or right of
way being surrendered, and the benefit or advan-
tage he she they may receive from the erection
Of said road and shall state particularly the value
and amount Of each; and the excess of loss or dam
age over and above the advantage and benefit shall
foru the measure of valuation Of the land or right
of way P:oridet, nevertheless, That if any per.
son or persons over whose lands said road may
pass, or the company should be dissatisfied with
the valuation thus made then, and in that case
either party may hare an appeal to the next Court
of the county to be held thereafter; and the Sheriff
shall return to SAID court the verdict of the Jury with
all the proceedings thereon, and the lands or right
Of way so valued by the jury shall vest in the COM
pany so long as the same may be used for the pur-
poses OF said railroad so soon as the valuation be
paid, or if refused, paid over to the clerk OF the
County Court: Proriled. further, That the right
of condemnation shall not authorize the said COM
pany to invade the dwelling house. yard, garden or
graveyard of any individual without his consent
II Be it further ordained, That the right of said
company to condemn land in the manner described
in the 2Dove Section shall extend TO the conde:::na
tloncal of one hundred feet on each side Of the
main tract Of the road and from the centre of the
same, except in Of deep cuts and Filings, when
the said company shall have power to condemn as
much III addition thereto as may be necessary for
the purpose Of constructing said road and tie COM
pany, in like manner, shall. have power to condemn
and appropriate land for the building Of depots and
shops, not exceeding five in any one lot or sta
ton.
ls. Be itturther ordained. That the said com
pany shall have the exclusive ght of con, eyance or
transportation of persoEs goods, merchandise and
produce over said road, at such charges as may be
fixed by majority o: the directors.
~. Be ii farther ordained, That the profits of
the company, SO much thereof as the Board Of
Directors may deem advisable. SHALL when the af-
fairs Of tho company will permit, be annually or
semi annually divided among the stockholders in
proportion to the stock each may own.
%. BE it further ordained. That notice Of pro-
cess upon the President, any of the directors
thereof shall DC deemed and taken to be due and
| lawful notice OF service upon the company.
| o. Be i. further ordained, That the company
shall have power to construct branches Of said road
to connect with any other road that may he con
| structcd cas-, Of the Wilmington and Weldon Rail
/ road, and any Contract that may be entered into
| with any other railroad company by the President
and Directors Of said company, alter the consent OF
| majority Of the Stockholders first obtained, shall
; be binding on the company.
| o. Be it further oriained. That it may be law
I full for the Washington and Tarboro Railroad com
| pany to make and issue bonds to an amount not ex-
ceedns fifty thousand dollars, to DC signed hy the
! President Of said company, under the common seal
Of the same, IN sums of five hundred dollars each,
bearing interest at the rate of per cent or less
! per ann,ln, to be paid Seni annually.
! %. Be it further ordained. That to secure the
faithful payment Of said bonds it may and shall bt
lawful for the President aud Directors of the " ash
ington and Tarboro ksilroad Company to make, ex
ccute ana deliver to Sich person as the COMPANY
may select or appoint, deed Of trust or mortgage
under the comnun seal of said company, wherein
shall be conveyed to the person thus appointed rus
tee, the road. property, Income and franchise o
said company acquired or to he acquired condition
ed for tho payment Of the interest and final redemp
ton of said bonds.
o. Be it further ordained, That all officers o
the company, and servants, and persons in thu
actual employment Of the company. may be- anS
they arc hereby exempt from performing ordinar.
military duty. excerpt in case {" instruction or in
vas,on) working on public roads and serving a
jurors.
% Be it FURTHER ordained. That all work here
by required, shall be executed with due diligence
and if it be not commenced within four Years afte
the ratification of this ordinance then this charte
shall lie void.
26. BE it further ordnined That this ordinanc
shall he in force from aud after its ratification, an
shall be regarded public ordinance.
Passed and ratified in open Convention the III
day Of February, A. d., 1862.
! W. n. EDWARDS.
TeSte: Pres. OF Convention.
: WALTER L. STEELE, Sccy.
L. e. EDWARDS, Asst Sec'y.
No 10