Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1873-01-31

Slldll De COlleCtcOD.F Glc SllcTDI, anu he
shall be subject to the same iiabilities'
for the collection and accounting for
said tax, as he is or tnay be by
law in regard to other county taxes.
The said tax shall be levied on all pro-
perty, credits and polls of the county,
and in the assessment of the amount
upon each, the commissioners shall
observe the constitution of taxation;
Procided, That the question of the
levy and collection of said tax have first
been submitted to the vote of the quail
flied voters of the county at an election
to be held at the different election pre-
cincts of the county, under rules and
regulations to be fixed by the commits
sioners, and conforming as near rs may
be to the rules and regulations for con-
Quoting other elections, except that no
new regulations need be made, but the
registration books of the next preced-
ing general election may be used. The
penalties for illegal and fraudulent
voting shall be the same as provided
in general elections.
On motion of Mr.. Bryan, of Alleg
hany, the House went into a Commit
tee Of the Whole.
After a long discussion, on motion
of Mr.. Heaton, the committee arose
and reported progress, and asked
leave to sit again.
SENATE.
FRIDAY, Jan. "a, 1873.
BILLS, &C.
Mr.. Seymour, a bill to prevent the
sale of Intoxicating liquors to minors.
Mr.. Troy, bill to regulate the cleo
ton of justices of the peace in Cross
Creek township, Cumberland county.
Mr.. Morehead, of GuilfOrd, IA reso-
luton calling upon the Governor to
report if any steps had been taken to
protect the States interest in the
Wilmington, Charlotte & Rutherford
Railroad Company in a suit now pending
in the Superior Court of New Hanover
to foreclose the mortgage on the road.
Adopted.
MADISON, col. introduced bill to
incorporate the Cape Fear Water
works Company.
On motion of Nh. Avera the bill for
amnesty and pardon was re-referred to
the Judiciary committee, with instruc-
tions to report in time for the special
order tomorrow.
On motion of MADISON, col. herulcs
were suspended and the bill to repeal
the charter of the Cape Fear Building
Association passed its second and third
readings.
Mr.. Ellis, of Columbus, called up
the resolution to provide additional
accommodations for the insane of the
State.
On motion of Mr. Warning IT, ESQ
luton was referred to the committee
on the Asylum for the Insane.
MIDLAND NORTH CAROLINA RAILWAY
COMPANY.
The special order, the bill to incor-
porate ''The Midland North Carolina
Railway Company, was taken up
The bill proposes to build a railway
with one or more tracks from some
point at or near Beaufort Harbor, i'll
this State, to the Tennessee line, SO as
to insure an uninterrupted through
connection from Memphis to Beaufort,
with q capital stock of five millions of
dollars, divided into fifty thousand
shares of one hundred dollars each.
Many of the named corporators are
distinguished foreign capitalists. The
first board of directors are chosen
from corporators residing in England,
France, Spain, Germany, New York
and North Carolina
On motion of Mr.. Avera. the bill
was considered by sections.
The first section, the Incorporating
clause, was adopted without amend
mant. as was also the second in refer
ence to the capital stock and the num-
Der of shares.
The third section was amended, on
motion of Mr.. Norwood. by requiring
six of the sixteen directors to reside in
North Carolina.
The fourth section, providing for the
opening of books of subscription to the
stock, was adopted without amend
ment
The fifth section was amended, on
motion Of AR. Norwood, by requiring
that the money authorized to be bor-
rowel upon the bonds, stock, .lehen-
lures or other securities of the com
pany. &C., shall lie applied to the
building, maintaining and operating
of the proposed railway"
The sixth section was amended on
motion of Mr.. Troy, by requiring the
company to construct another pubic
road equally good with any one Oh
structed in the construction of the rail
way.
Mr.. M0reiead, of Guilfor.l, moved
to amend the same section by striking
out what he deemed unnecessary pow
ers claimed by the company.
Mr.. Norwood moved to extend Mr..
Morehead's amendment.
The matter proposed by Mr. NJ to be
stricken out authorizes the company to
purchase, hold, hire, rent or otherwise
use, sell or convey landed or real es-
tate, steamers and vessels, and all other
descriptions of property, real or per
sOnal, or otherwise dispose of the same;
to enter into contracts of all and every
kind; to lend or borrow money upon
such securities as the directors think
proper; to give Or receive mortgages or
hypotheeations: to issllc stocks, shares,
bonds, 1ebehtures. notes. bills, or
other securities, land shall have all
the necessary powers for carrying out
the works and objects hereinafter
named; to receive deposits of money
in trust and otherwise, upon such
terms as may be prescribed by the
board of directors, both from corpora
tons and individuals, with or without
vouchers, or by registration, for the
purposes herein named.
The additional matter proposed to
DC stricken out by Mr.. Norwood was
as follows: "Said company shall at
amy time have the right to pass over
any road or public domain, and shall
not be compelled to pay for any right
of way through State property. 1t
may also appoint it's own board of cn-
gineers; and all questions concerning
municipal or other rights may be
settled with the authorities or parties
directly concerned, by agreement or
arbitration"
Pending the consideration of these
amendments, the further consideration
of the bill was postponed and made
the special order for 12I o'clock to-