Fayetteville observer. [volume] (Fayetteville, Tenn.) 1850-1966, 1870-06-30
Turnpikes in Lincoln
County.

SECTION /. Be IL eRotfed Ey The
General assembly of tie STATE of
Tennessee, That the County Court
. of Lincoln County shall be, and
the same IS hereby authorized and
empowered to construct and
purchase any number of miles Of
turnpikes, within the limits Of said
: county. Any pike or pixies, so
constructed or purchased under
this Act, shall be entitled to the
same rights and privileges, and
subject to the same restrictions,
of the Fayetteville. and Lynch
burg Turnpike Company.
Sec. 2. Be at further enacted,
That for the purpose of carrying
into effect the foregoing section,
said court shall be, and is hereby
hereby authorized and empowered
to issue county bonds of said
I County Of Lincoln, with coupons
attached, which shall not bear a
! higher rate of interest than six
per cent. per annum, and which
shall run for thirty years, or less,
as said court may determine /; also,
TO levy tax a pom property and
polls, to meet the principal and
interest of said bonds; also, to
levy direct tax upon property
and polls, in order to pay for the
construction and purchase Of said
pixies; also, to adopt any other
plan or scheme, as in it's discre-
ton said court may deem best, TO
effect the purpose.
SEC. 2. Be At further enacted,
That said County Court of Lin
coin County shall be, and is here
by authorized and empowered, to
grant privilege to any of its eiti-
zens, to build a pike or pixies in
said county, for any distance. of
five miles or over, said county
building or paying for one-half
of the same RroUided, that not
less than five citizens shall petition
said court for such privilege, full
ly describing in said petition the
road upon which a turnpike is to
be built; and said court shall
thereupon appoint some compe-
tent person or persons, not more
than three, to survey and estimate
the cost of the proposed turnpike,
and report to the next term of
said court, or as soon as practica-
bic. Said petitioners shall then
be allowed six months thereafter,
to raise subscriptions for he con-
struction of said turnpike, to the
amount of fifty per cent. on said
estimate; and when said fifty per
cent. is SO raised, and reported to
said court, said court shall raise
the same amount, as provided IN
section 2 of this Act. Should
the petitioners be unsuccessful in
raising the fifty per cent. subscrip-
tion upon said estimate, then they
shall pay all costs accrning upon
such proceedings; but should the
necessary amount be raised, then
the costs shall be adjudged against,
and be paid by the stock compa-
ny thus organized. A
Sec. 4. BE Il further enacted,
That any pike or pixies construc-
ted under section 3 of this Act,
shall be under the control of the
stockholders who have subscribed
the fifty per cent. of stock; and
said stockholders shall be enti-
tied to elect President and nine
Directors; and shall be entitled to
the same rights and privileges.
and subject to the same reslric-
tions, as the Fay etteville and
Lynchburg Turnpike Company.
Said company, so organized, shall
report annually, under oath,
through its officers, the condi-
ton OF said company and turn-
pike road or roads, and particu-
larly the receipts and expenditures
for the current year,. and shall,
pay one-half Of the net profits of
said road or roads to the County
Trustee for county purposes; and
'aid county shall have a lien on
'aid turnpike, for the amount sub
'erlbed by the county, as herein
before set forth; and said court,
through its proper officers and
lgents, shall be entitled at all
lines, to inspect the books and
'apers OF said company or CON-
oanies.
SEC 5. Be 1t further enacted,
That before the construction or
purchase Of any pike or pixies, or
aiding IN the same, or the issu-
lnce OF any bonds, or the levying
't any tax, or otherwise impos-
ng any burden upon the people;
II said county, for the purpose of
building or purchasing any pike
Or pixies, or aiding in the same,
said. court shall, first sI1bnoit lie.