Wilmington journal. [volume] (Wilmington, N.C.) 1844-1895, 1875-03-05
Condensed from the Raleigh News
THE LEGISLATURE OF NORTH
CAROLINA.
SENATE.
SENATE.
SIXTY-THIRD DAY.
FEBRUARY. oath. 1879

| Nr. FRENCH, Dill TO compromise
that portion of the Special Tax bonds
that nave not been declared unconsti-
tutional. Referred.
Mr.. ArmteId's bill requiring the
registration of deeds (publ1shed by us
yesterday morning came up on It's
third reading.
Several amendments being adopted,
! changing the features of the bill, we
republish the principal portion of it:
That deeds conveying real estate,
/ and OF agreements to convey the same,
shall be valid against subsequent pur-
| chasers for valuable consideration,
and without notice, only from and
I after their registration in the county
/ where sand real estate is situate
Provided that deeds made before
! the ratification of this act may be
registered at any time within two
! years.
No part of this act except the pro-
vlso to the first section shall be in
I force u:itil the first day of January,
/ 1876, and said proviso shall be in force
! from and after it's ratification.
The BIZ was discussed at some
length by Messrs. Arntield, Kerr.
Standford, CantweIi, Boddle, Bell,
AhAItH anu L dIiOu, Wien Tie Dili as
amended PASSED its third reading
HOUSE OF REPRESENTATIVES.
y memorial was read from the Ma
tlouai Board Of Trade of Chicago,
asking the public enactment of law
requiring firms closing business in the
State to register the names of mem
bers thereof with the Clerk of Su-
perior Court. Referred.
By MIR. Tate, II bill to raise revenue;
ordered to be printed.
BY MIR. PlnuIx, bill to require the
officers of various counties to make IL
report of all of the monies coming
lnto their hands Referred.
On motion of Mr.. Foote, House bill
to allow mortgage deposits in the
Counts OF this State, was taken up and
put on its passage.
The following bills were tabled:
House bin giving the right of re
demption to debtors whose real estate
mas been sold under executions, mort
cages and deeds OF trust
House bill to exempt corn, wheat
and tobacco from taxation.
The special order being the bill in
relation to the Western North Caro-
ma ha1lfOau. was taken up.
Tie bin provides for tie appoint
ment Of Commission to be composed
of the Governor, Robert f. Armtield
and Jas. L. Robinson, to purchase the
Western North Carolina Railroad, at
sale to be made under decree of the
Circuit Court of the Z. S., at Green's
borO, and any claims against said
road, which may be necessary to Sc
cure to the State of North Carolina a
perfect title to said 'oad Also, tha'
If the said road be purchased, the
Governor shall appoint three Commis-
sloners, who shall manage said road
aud to build and complete the same to
Its termlni at Paint Rock. and Duck
town according to the original charter
of the road. 1t also provides that for
the payment of the road, the Commits
sioners shall issue bonds upon
mortgage of the road, and the earn
ings of the road to be applied to the
completion to the termini stated; and
shOuid this sum not be sufficient the
Public Treasurer is required to pay
such deficit out of the general fund.
1t further provides for the use of con-
Wet labor on the work.
Mr.. Tate advocated the bill and
pfCCceIeu 20 cADlaln the various ma
chinery propositions in the bill to
show the Feasibility of the plan. He
thought It was the only means to save
the ;54O0. 900 interest now held by the
State, etc.
Mr. Walker, of Richmond, an
amendment providing that the net
earnings of the road shall first be ap
Piled to the payment OF the coupons
upon the bonds. Adopted.
Mr.. Staples, an amendment pro-
viding that no sale or foreclosure IN
der the mortgage shall be made until
six months notice is given by adver-
tisment in six newspapers of the
State having the largest circulation.
Adopted.
By the same, an amendment requir-
ing the Commissioners appointed to
give bond to the amount paid by the
State for the road; afterwards modified
by making the bond double the
amount Of the net earnings of the
road. Adopted.
By the same, an amendment that
after the organization the number of
Commissioners shall be increased to
four, one of whom shall be elected by
private stockholders in such manner
rs the Commissioners shall prescribe.
Adopted.
The bill passed its second reading
almost unanimously.