Western sentinel. [volume] (Winston [i.e. Winston-Salem], N.C.) 1856-1886, 1880-03-11

their assigns Or successors, or by
any other person or corporation,
saving and excepting the lien of
eight hundred and fifty thousand
dollars Dew outstanding against
said railroad, together with the ac-
tual and necessary amount expend-
ed by said William J. Best and
associates. their assigns or Success
sors. in building, repairing and
equippiug said road between Sails
bury aud Paint Rock, ANY provision
In any contract or mortgage made
by said Company, i.s assigns or
successors, to The contrary notwith-
standing; and :he amount of said
expenditures for constructing, re-
pairing and equipping said road
from Salisbury to Paint Rock shall
not exceed in the aggregate the
sum OF eight hundred and fifty
thousand dollars, 1856, ,oO0); aud the
| holders of this Indebtedness, " beth :
er in bonds or other evidences OF
debt, shall have no other lien on
said railroad from Salisbury to
Paint Rock than that given them
under said mortgage, provided for
In this act; and shall have no other
power, right or remedy 70 enforce
the same except by an actual tore
closure of said mortgage, as pro-
vided tor in sections six and seven
Of this act.
SEC. IA. That three men shall be
appointed as mmissiouers to su,
pervise the building and compile
tioD Of the railroad of said Com
pany, one OF which commissioners
shall be named by the Governor
and one bv said William J. Best
and associates; the two thus chosen
to select a third; and the decision
of a majority of said commissioners
shall be alike binding upon said
State and said William J. Best and
associates. Said commissioner.
shall examine said railroad DO less
than once in ninty days, and az of
ten as they shall be notified thai
ten miles Of said road have been
graded, and again when the same
shall be ready to be opened foi
traffic. The expenses of said com
missioners shall be borne by sale
company, and the pay of the com
missiorers is hereby fixed at ter
dollars pec diem, each, exclusive O.
actual travelling expenses.
SEC. Is. That said company shall
not discriminate against Nortl
Car olina towns and cities, in the
matter Of transportation rates, ant
that no discrimination shalt b,
made between the towus and citie
of North Caroliua.
Sec. 16. That when the railroad
Of said company shall have beer
completed to Asheyiile, a force sh al
be pat to work on :he Ducktow
line and sufficient force shall b.
kept at work to complete it as ia
as Pigeon River by the time th
branch be finished to Paint Rock
SEC. II. That in the event tn
! said William j. Best aud associates
their assigns or successors shall b
hindered or delayed for any GOO
and sufficient cause for which the
, are, or either Of them is in no wa
, responsible and without negligenc
r on their part, then the mmissior
r ers provided for III section fou, tee
of this act shall allow a REASONABLE
time for the completion of sad line
: of road after the dates fixed by thi
act for their completion.
SEC. Is. That sections II and
r Of chapter 22S, laws of 1S5i-'5
$ and section 7 of chapter 1G6, law
t OF 1S76-'77. and all other laws {
parts Of laws which conflict wit
f this act be and the same are hefel
repealed.
a SEC. 10. This act shall be IN for,
II from aud after its ratification.