Semi-weekly standard. [volume] (Raleigh, N.C.) 1853-18??, 1862-03-08


shall have the exclusive right of conveyance or
transportation of persona goods, merchandise and |
produce over the road constructed by them, at such
: charges as may be fixed upon by majority Of the
directors; and the said company may farm out
their rights of transportation their said Rail
road, subject to the rules above mentioned and
said company, and every person who may have re
ceived from them the right Of transportation OF
goods, wares and produce on SAID road, shall be
deemed and taken to be common carrier, as re-
spects every thing entrusted TO them or him for
transportation. r.,
10. Be- it further ordained That the Board of
Directors may call for the payment of the sums sub
scri6ed as stock in said company in such install
uIents as the interest Of the said company may re-
quire; the call for each payment shall be published
in ono or more papers IN this State Tor two months
beforeit day of payment aud on faiere Of any
stakeholder to pay each nSlalment thus required
the directors may sell at public auction prev-
Gus notice OF ten days, for cash. all the stock sub
scrbed for in said company by such stockholders,
and convey the same to the purchaser at said sale
discharged from further liabilities and if said sale
of stock does not produce sufficient to pay Oft
,1he incidental expenses of sale, and the entire
amount owing by such stakeholder to the company
rsuch subscription u STOCK then and in that case
the whole of such balance shall be held and taken
as due at once to the company, and may be recoy
cred of such stakeholder his executors, admins
traitors assigns, at suit of said company either by
summary motion in any court Of supreme juriSGic-
ton in the county where the delinquent resides, on
previous notice of ten days to said subscribers,
by act of assumpsit in any court OF competent ju-
risdiction, OF by warrant before Justice of the
Peace, when the sum does not exceed one hundred
dollars and in all cases of ass gnm Mt Of stock be-
fore the whole amount has been paid to the compa-
ny, then, for all sums due such stock, both the
original subscI bersan the first and all the subse
quent a>sgnees shall be held liable 10 the company,
and the same may be recovered as above described
Is. BE 10 further orlsIlHed That said company
shall issue certificates ofStOck to its members and
said stock may he transferred in such manner and
form may be directed by the by laws Of the COM
pIny.
H. Be it further ordained, That the debt of the
stockholders due to the company for stock therein,
either original proprietor, first and subsequent
assignee, shall be considered with equal dignity
with judgments in the distribution of the of
deceased stakeholder, by his legal representa-
tives
Is Be IL further or.lained, That the Board of
Directors SHALL once year at least make full re-
port the state of the company and its affairs to
general meeting Of the stockholders, and oftener
if required by by law, and shall have power to
call general meeting Of the stockholders when the
! Board may deem cxpcdlent; and the company may
! provide their bylaws for occasional meetings
| being called, and prescribe the mode thereof
| ~. BE it further ordained, That the said COM
! pany may purchase, have and hold in fee or for a
| term of years, any lands, tcnemen.s, heredita-
! mentS which may be necessary for said road, aP-
purcnanceS thereof for the erection of deposito-
RES store houses, houses for the officers servants
agents of the company, or for the work shops
foundrieS to be used for said company, or for pro
curing stone other materials necessary the
struction of tie road for efecting transportation
! thereon.
| 2o. BE it further ordaincd, That the company
shall have the right, when necessary to conduct the
said road across UT along any public road or water
! course PrOrided, Tia. the said company shall not
obstruct any public road without constructing an
other equally good and convenient
! 81. BE II further ordained That when any land
| or right of way may be required by said company
for the purpose OF cInstrIcung their road, and for
want Of agreement to the value thereof or for any
other cause, the not be purchased from the
owner or ownerS-the same may be tlken at a valu-
alton be made by five irerho dtrs selected by the
County Court in The county where the right of way
Is situated: PrOrIted ReUertheLSs, That If any per-
son or persons, whose lands the road may pass,
or il said company should be dissatisfied with the
valuation of said reehUiderS then and in tina: case
the party so dissatisfied may have an appeal to the
Superior Court in the county where the damage is
done or in either county where the land may lie
under the rules regulations and restrictions
in other cliSsHs ofqppeal the proceeding of the sal
frcchUldcrS accompanied with full description of
said land or right of way, shall be returned under
the hands ami seals Of orty of them 10 the court
from which the order was made, there to remain a
matter Of record and the lands right of way so
valued, shall vest III the said company so long as
the may DC used for purposes of said railroad,
As soon as the valuation shall have been made, or
when refused, may have been rendered: Proridea,
That on application for the appointment of free
holders under this section il shall be IN de to appear
to the satisfaction OF the court that least ten days
previous notice has been given by the applicant to
no Of The land nrDnOSpu a llp
demned or If the owner owners be infants or mon
c9mpJS meRtiS, then to the guardian guardians oil
such owner owners, IfSuch guardian can be found
within the county, or If he cannot be found, then
such appointment shall not be. made unless notice
of the application shall have been published at least
one month next preceding IN some newspaper print
cd as conveniently may be to the court eOuSe o
the county, and shall have been posted at the door
Of the court house on the first day of the term Of
said courtto which the application is made: ProriI
Ell, further, That the valuation provided for in this
section shall be made on oath by the freeholders
aforesaid, which oath any Justice of the Peace OIL
clerk, is authorized to administer: Prorjded fur
tier, That the right of condemnation herein granted
shall not authorize the said company to invade the
dwelling house, yard, garden or burial ground O
any individual without his consent
%. BE IL further ordained That the right ofsait
company to condemn lands in the manner afore
said, shall extend TO the condemning one hundred
rect vi U tue tract OF the rOau, measuring
from the centre Of the same, unless in of deer
utS and filings, when said company shall hav;
'ower to condemn as much in addition thereto a.
nay be Necessary for the purpose Of constructing
;aid road, and the company shall also have powe
condemn and appropriate lands in like name
or the constructing AMI building of depots shops
ware houses buildings for servants agents and per
;ons employed on the road not exceeding four acre:
- any one lot OF station.
90. BE It further ordained, That in the absence
f any contract contracts with said company ir
citation to the lands through which the SAID road
nay pass, signed by the owner thereof or his agent
" any claimant or person in possession thereof Il
hall be presumed that the land upon which the
aid road may be constructed together with thu
pace Of one hundred feet each side of the centr,
f said road has been granted to the said company
" the owner thereof and the said company shall