The progressive farmer. [volume] (Winston, N.C.) 1886-1904, 1897-03-02
MAJ. GRANTS SUBSTITUTE.

u VeneTGt Assembly, OF NOTth caro-
lima do enact:
SECTION l.. That every road corpora
ton created or organized under, or by
virtue of the laws of any government
or State other than that Of the State Of
North Carolina, which desires to own
property, or carry on business, or exer-
else any corporate franchise Of any
kind whatsoever in this State shall fret
file in the Ctf;e Of the Secretary Of
State a copy OF its charter, duly certl-
fed, paying therefor d fee Of five hun
dred dollars $500 and shall also
g copy Of such charter duly certified
by the S~ecretaryo Of State to be recorded
In the office Of the register Of deeds il
each county In which such company
or corporation desires or proposes TO
carry on business or to acquire Or own
property. Such copy Of charter shall
be authenticated IN the manner directed
by the statute for the authorization
Of records of the State or county under
whose laws such, corporation is char,
tered or organized.
SEQ 2. That If n such charter or
any psrt thereof violate the provisions
OF this act or shall be incontraventive
of the laws of this Safe such charter
or such parts thereof as conflict with
the laws of this State shall be null aid
| void.
SEC 8. That when a foreign railroad
corporation shall have complied with
the provisions of this act by the filing
Of It's charter, and pay the fee as pro
vlded in the first section, il shall there.
upon become q corporation Of this
State, and shall enjoy all the rights
and be subject to ali the liabilities Of
such domestic corporations. 1t may
sue and be sued in the courts Of this
State, and be subject to the jurisdic
ton of the laws thereof as fully as if
the corporation had been originated
aid created under the laws Of the State
of North ( arolina.
SEC 4. It shall be unlawful for any
foreign railroad corporation to do bust
ness, or to continue to do business in
this State without first having complied
with the requirements Of this Get, any
non resident corporation which shall
on or after the first day of May, A. D,
1897, violate the first section of this
act, or which shall continue to do bust
ness al a corporation within this State,
shall be guilty Of a misdemeanor for
every day that it shall so continue to
do business in violation of this statute,
and upon conviction shall pay a fine Of
Ave hundred dollars ($5OO). Such IN
dic>ments shall be tried in the Supe-
rior or criminal courts of any county
wherein such non resident or foreign
corporation does business contrary to
the provisions of this act. That any
person who shall aid or abet or assist a
non resident corporation in doing busi
ness contrary to the provisions of this
act, either as eff GER or as agent, shall
be guilty of a criminal Cfence, and
upon conviction Thereof in the Superior
or criminal courts of any county in
which the corporation shall do BUSH ees
C ontrary to law, shall be fined not less
than one hundred dollars $1OC) Or more
than one thousand dollars 81 OOO).
SEC. 5. The North Carolina Railroad
Compc1y is hereby authorized and
empowered to lease its property and
franchises to any railroad company
conducting within it, directly OF indi-
rectly, and to make, execute and de-,
sary to carry into effect the powers
above granted by and with the consent
of a majority of its stockholders in
general Or special meeting assembled.
Provided that the term of said lease
shall not be greater than thirty years.
The lease executed by the North
Carolina Railway to the Southern Rail
way in 1895 is hereby validated, con,
frmed and approx ed, subject to the
Limitation of time mentioned above.
But this shall not take efec5 until and
unless the Southern Railway Company
shall on OF before the fret day of April
next make, execute and deliver to the
North Carolina Railroad Company by
appropriate instrument it's assent to 6
remission or modification of the lease
executed in 1895, whereby the duration
of such lease, from the date of it's exc
cution shall be reduced from the term
of ninety nine years to a term of thirty
Upon failure by the Southern to as
sent to such modification on or before
April 1st, it shall be the duty of the
Governor, by and with the assistance
of tho Attornev GoneraI and sI1ch ad