Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1869-02-05

called the Eastern Division.
See f. That the Directors of said Company as
nroyitIed for in the charter shall be limited TO
The number of thirteen. OF which number the
Governor of the state shall appoint seven, and
the stockholders shall siect six, aad upon the
acceptance of this act hv he stockholders and the
payment of million of dollars Of The bonds OF
the subscription author lied Oh the part the State,
there sh AL within Sky days 'iier euch ayment,
be a nl.eiug of the Stochhui,lecs o! the Company,
and Dircctors elected and appointed as herein
provii d for, and reorSaniz tlOn the Com
papy Immediately Elected, which shall conform to
the true intent and meaning o: the charter oI sai1
Company amended By this acv.
Sec >. hat the acceptance OF this act 10y me
Stockholders, snail in no wise affect any OF the
liabilities contracts or obligations oil the said vii
miuston, Charlotte and Rutherford Railroad Com
pan4. !,
Sec. e. For the purpose OF providing for the
PAYMENT of the interest upon the bonds hereby
authorize' and the principal p: its maturity, an
annual tax at eighth Of one per cent. Is hereby
imposed nron ali the taxable property OF
tho state which shall be levied. collect d and
paid into III, state Treasury other pubic tax
es and t,' snrnus, after paying the interest,
sha! be Invested in securities OF the United states
or otllc" eafa securities, and kept a. SINKING
fund for the payment of the principal money at
maturity,
Sec ! P,orjdct, That on ar before the day ny
On which the first coupon Of the bonds author
iZed to be Is >ued by this act shall become due,
the President of the above n med Railroad Com
pany shall pay the Pub ic Treasurer, either IN
cash or III mstured coupons OF bonds upon which
the Pablo Treasurer il made to pay the interest
under this act, the sum OF one hundred aud TWEEN
to Thousand dollars, and on or before the day up
oniwhich the second coupon OF the bonds authorized
by this act shall become due tie President OF the
above named Railroad Company shall pay in like
manner the sum Of one hundred and twenty
Thousand dollars and on or before the day upon
which the third coupon Aforesaid shall become
due, the Preside. t above named shall pay TO the
Public Treasurer, in like manner. the sum of
eighty th0us md dollars; and on or before the
day upon VIII ca the fourth upon Aforesaid
shall become due, the President above named
shall pay to the Public Treasurer, in like manner
the sum Of forty Thousand dollars.
Sec g. Provided, t1rIher, That of the bonds
authorized to be issued under this &C., seven
hundred and twenty thousand dollars shall be
retained by the Public Treasurer collat-
era security for thi 4thful perform nco
of the conditions OF the preceding scott W; and
that upon the payment OF the frat ops h"n he'd
and twenty thousand dollars azores aid, tie ub
lie Treasurer shall be authorized to deliver TO said
Railroad Company two hundred and forty thou
sand dollars of bones !; and upon the payment Of
the succeeding amounts named IN san sectiOn
the Public Treasurer is authorized to deliver
bonds to the amount of double the paid u:l-
til all said bonds delivered to said Railroad
Company PrOUided also, that ut the expiration
! of two years ftOm the dat of the first coupon OF
the bonds authoIZ sd in this act the Public IroGs-
urer shall be authorized to issue to said Nai.road
Company an additional amount of bonds equal at
their par value to the amount paid in cash 10y said
Company in behalf Of the State according to the
provisions of section seven OF this act, said bonds
to be in all respects similar to those authorized to
be issued by this act.
Sec. 9. Ali dividends that may hereafter accrue
to the State upon the Stock owned by the State
il said Railr cad Company, or so much thel cof as
may be necessary for that purpose, shall lie ap-
piled exclusively to the payment OF the interest on
the bonds of the State authorized by this act.
Sec 10 No discrimination sh all be made by the
Wilmington. Oh srlotte and Rutherford Railroad
Company 10 rates of charges for the carrying OF
passengers and freight over any part OF said
road, but therates charged for freghts and travel
between intermediate points and between either
terminus and any intermediate point, shall
! be the same per mile as the rates charged for
travel or for like classes aud qualities of T. Gig hts
over the whole line of said Road PrOttded. That
/ the said Company, in addition to the rates
per mile charged for the carrying of passengers
and freiShts over the whole limo of said Road,
may, for the carrying Of passengers and freights
of like class and quantities between intermediate
points and between either terminus and any inter
mediate point, charge the following and no other
flor any distance under twenty-five miles, not ex-
ceeding 80 per Ct }; for any distance over twenty
five and not xcesding fifty miles, not exceeding
forty per cent. for any distance over fifty and not
exceeding one hundred miles, not exceeding thlr-
ty per cent; for any distance over one hundred
and not exceeding two hundred miles, not ex
ceedlug twenty per cent, and Tor any distance
over two hundred allies, not exceeding ten pei
cent And il any officer or agent Of said Company
shall violate the provisions Of this section, any
person injured or suffer ing loss thereby may sue
the company or such officer or agent in any Court
having Jurisdiction Of the cause, and recover his
! actual damages aud costs. and in addition there
to, shall recover the sum Of fifty dollars liqui-
dation ana settled damages.
Sec. IL Nothing in tho going section shall
operate to prevent said Company from a. ranging
local rates for any distance under twenty-five
miles.
Sec. IL. That the directors in this Company
shall have power to receive subscriptions to stock
+ in said Company il lands, money 6, bonds, stocks,
! or any other property. And in case land be sub
scribed as stocks. the Directors may provide the
mode in which the value of the same may be as
certaiued and conveyance thereof executed.
/ Fec. 49, That any laws, clauses OF laws, con.
hicting with or repuSnant to this act are hereby
repealed.
! Sec. a. That tits act shall be in force and take
effect from and after the date of is ratification
! Ratified the 29th day of January, 1861
STATE OF NORTH CAROL INA,
! DEPARTMENT CT STATE,
RALEIGH January 9th, 1869.
! |, Henry J. Mennnger, Secretary of State
! hereby certify that the foregoing is true copy
! # the original act on file in my office.
Ss, II. J. MFNNIAGER
! &1IHacooS Secretary Of State.
Sorghum Sugar and Sfrup.
WILMINGTON, n. c., Feb 81, 1869.
! Col. VIM. F. BEAsLEY:
Dear Su AT your request [ have made q
! thorough anal yss of the sugar you exhibited on
! the 29tn January to the Cape Fear Agriculture al
Association, and after the most strict and thor.
Ough tests. l unhesitatngly pronounce it No. /
article of cane sugar.
l have not been able to detect any impurity
whatever in it. / have used it in coffee and find
it equal to the very beat coffee sugars in every
respect.