The Marietta journal. [volume] (Marietta, Ga.) 1866-1909, 1869-03-05
BILL

WnEREAs, There arc large develop
ments of fine marble now being made
near the town of Jasper in the county Of
Pickens; and whereas, said marble Is
now being quaricd and manufactured to
suit the wants and cnnvenicnces of the
pedplo of this and other States and
whereas, said marble cannot be shipped
to market without the aid Of a Railroad
through that section Of the State:
Sec /. BE il caact4l5g he SfRdtc d'id
House Of Representatives, ID General Is
seasJi1 met, and It Is hcrc53 cndctr1 by
the authority Of The sane, That, for the
purpose ofopening and constructing a
Railroad communication from the Nest
sirn IS Atlantic RAILROAD, beginning at or
near Marietta, and thence the most prac-
ticable route BY tho way Of Canton, IN
tho county Of Cherokee, to the town oil
Jasper, inthe county Of Pickens, nca'
the Marble Works in said county, the
subscribers for the capital stock, hcrein-
after mentioned, and their assigns shall
be BODY polite aud corporate, by the
name ana style Of the North Georgia
Railroad Company, and by said corpor-
ate namo shall DO capable in law to pur-
chase, accept, hold and convey real and
personal estate, make contracts, sue and
be sued, and to make bylaws, and to do
all lawful acts properly incident to q
corporation, and necessary and proper
for the construction Of the works and
transaction of the business for which
said company is, Incorporated, and 70
have and use n common seal, and the
same to alter and destroy at pleasure.
See. . BE it further enacted, That
the capital stock Of said company shall
be Two Hundred Thousand Dollars, but
shall be liable to, be increased from time
to time, and by such sums as may be
deemed expedicnt by the majority OF
the Board Of Directors Of said Company
for the time being and it is also enact
cd that the Board of Directors for the
time being shall DO authorized to pre-
scribe the terms Of subscription tor
such additional stock as may from time
| to tiiuo be required.
Sec. 3. And be it furthor enacted,
That for the original capital stock Of
Two Hundred Thousand Dollars books
of subscription shall be opened at Mari
eta, in Cobb county, by the following
named Commissioners, who arc hereby
authorized and made competent to do all
acts incident to said office, to-wit: Hem
ny G.. Cole, John II. Wntcrs, Amos =.
| Way. Reuben Latmcr and J. i, Black
well and if any Of said Commissioners
should refuse to act, others in Their
places shall be appointed by the remain
| ing Commissioners; aud there sitai not
be more thai, five commissioners at the
above named place at any time after
giving ten (l0) days notice Of tho day
andg,laco, in two or more public places
in said csu4ty, when said books Of sub
scriptidn shalt bb opened; and amesA i
Brown. ~. r. DlS4oss, VIM. ETsssaAaii,
VIM. A. T'casly and j. NJ. tIcAlec,, Com
missioners at Canton, Georgia; samuel
! Hood, A. Z. Mullinax, Miles d. Berry,
r. b. McCutchen and S.-A. Darnell, ST.,
Commissioners ut Jasper, Georgia, shall
open books of subscription at sad sey-
eraI places under tho same ruics and
regulations as are provided in THIS Act
for the Commissioners at Marietta, and
receive from individuals, companies or
corporations, subscriptions for any mum
Der of shares not exceeding onc hundred
shares TO any ore individual, company
OF corporation. banking companies
excepted i and no subscription shall be
received and allowed unless there be
paid to tho Commissioners at the time OF
subscribing the sum of Five Dollars on
each share subscribed, for which the
Commissioners shall give the subscriber
a certificate setting forth tho number OF
shares taken by such subscriber and
amount per share paid thereon and u,
after ten days, the shares are not taken,
they may be Subscribed for without
limiting the number ofshares; and said
books Of subscription shall remain open
for sixty days, or longer IT necessary,
at tho discretion Of the COMMISSIONER
and when closed, on the last day, said
| Commissioners shall certify and sign to
its being correct list Of subscription,
and thereupon make out general list
setting forth the name OF the subscribers,
the amount Of shares taken by each sub
scriber. and the sum paid thereon, and
if. op1hc summing up all the subScrip-
tions. the same shall appear to amount
to the sum Of One Hundred Thousand
Dollars, the said company may be or
ganized and 60 into operation at once ;
thereon and after the organization of the
co,npanv all further subscriptions for
stock shall be by the Board Of Direct
ors of the company, and the said COM
many shall at once proceed to the meas
nres as hereinafter prescribed for the or
eanization Of the company.
See. 4. And he it further enacted,
That in order to the organization of saio
company, as soon rs the amount Of sub
scription Of stock snail equal or exceed
] The sum Of One Hundred Thousand Doh