The weekly clarion. [volume] (Jackson, Miss.) 1863-1882, 1877-03-14
AN ACT incorporate the Yellow Greek and Tombgb
Valley Railroad Company.
APPROVED, FEBRUARY 1st, 1877.

AN to incorporate the yellow Greek and Tombgbee
Valley Railroad Company.
SECTION /. Be 1t eaaoted 6yt tie Legislature Of
the State Mississippi, That J. Marler, e. W.
Hutton. j. X. Moody Jobe Scruggs, W. I.
Baker, r. NJ. Dean, Joseph Wilson, Uriah Me
Master, William B. Dean, W. a. Ii. Shackle-
ford, J. A. Grassland and j. 81. Rowland, their
associates, successors and assigns, be and they
are hereby made and constituted a body polite
and corporate BY the name of '1he Yellow
Creek and Tombig bee Valley Railroad Compa-
n.y. and by that name may sue and be sued.
plead and be implicated IN any court III this
State, and to make and have q common seal
and the said company is hereby authorized
and empowered to locate, construct and com
plete a single or double railroad or way, either
of iron or wood, from the Tennessee river, near
the mouth of Yellow Greek, on and by the most
practicable route towards huntsville, thence to
the town or location of Bay Springs and Tom
bicbee Valley, in the State of Mississippi, and
to transport, take aud carry persons and prop
erty upon said railroad on way by the poWer
and force of steam or by any other power or
combination of them which said company may
choose TO apply or employ.
SEC .. Be 1t further enacted, That the said
company be and is hereby authorized and en-
powered to enter upon, purchase, take and
hold any lands or any premises that may be
necessary and proper ior the construction and
working of said road or way, not exceeding in
width twenty five feet either side of the line
of this road, but said company shall have the
right to cut and remove trees and other mate
rial that might, by falling, obstructi its road bed,
though standing or bsipg more than twenty
five feet from the line OF said road. And in
case the owners of such lands or premises can
not agree with said company as to the value -
the lands or premises taken, or to be taken, for
the use of said company or road the value
thereof shall be determined by the appraisal of
three disinterested commissioners, who may be
appointed on the application of either party to
the chancery court of the county in which the
lands or premises lie, and the said commission
ers shall appraise in their assessment Of dam
ages, such lands and premises at what would
have been the value thereof if the road had not
been built, and upon return into court of such
advertisement, and upon the payment into the
same the estimated value of the premises taken,
and said company shall thereby acquire full
title to the premises aforesaid; and either party
feeling aggreved at such appraisement may,
within thirty days after the same has been re-
turned into court, file an appeal; and when the
lands to be taken for the purposes aforesaid
shall belong to any infant or insane person hav-
ing a resident guardian, such a guardian may
agree with said company upon the amount OF
damages TO be paid for such lands
SEC 3. Bet furtbef enacted, That the capital
stock of such company shall be five hundred
thousand dollars, with the privileges of inGreas-
ing the same to one million, and to be divided
into shares of fifty dollars each, which shares
shall be deemed Personal property and be
transferable in such manner as the bylaws Of
said company shall direct.
Sec e. Be IL further enacted, That sub
scribers for stock in said company shall not be
required to pay more than twenty five per cent
az the amount subscribed by them in eael
quarter of the year after the date of such sub
scription.
| SEC. 5. Be it further enacted, That th'