The commonwealth. (Scotland Neck, N.C.) 1896-1929, 1897-03-04
MAJ. GRANTS SUBSTITUTE.

MAJ. GRANTS SUBSTITUTE.
Neacs q. Observer.
The following is the lease bill that
passed the Senate Friday
The General Assembly OF North Car
DINA do enact:
Section l. That every railroad corpo-
ration created or organized under, or
by virtue of the laws of any govern
ment or State other than that OF the]
State of North Carolina, which desires
to own property, or carry on business
or exercise any corporate franchise OF
of any kind whatsoever in this State |
shall first file in the office of the Sec
rotary Of State copy of Its charter, du-
ly certified paying therefore a fee OF
five hundred dollars ($50V and shall
also cause a copy Of such charter duly
| certified by the Secretary Of State to be
recorded in the Office of the register OF
deeds reach county in which such
company or corporation desires or pro-
poses to carry on business Or to acquire
or own property. Such copy OF char
ter shah be authenticated in the man.
neridirected by the statute for the au-
thentication of records of the State or
County under whose4aws such corpo-
ration is chartered or organized.
| Sec. 2. That if any such charter or
any part thereof violate the provisions
OF this act or shall be incontraventive
of the laws Of this State, such charter
or such parts thereof as conflict with
the laws OF this State shall be null and
void.
Sec. 3. That when foreign railroad
corporation shall have complied with
the provisions of this act by the filing
of It's charter and pay the fee as provid-
ed In the first section it shall thereup-
On become corporation of this State
and shall enjo/all the rights and be
subject to all the Liabilities of such do
nestle corporations. It may sue and
be sued in the courts of this State, and
be subject to the jurisdiction of the
laws thereof as fully as it the corpora
ton had been originated and created
under the laws of the State of North
Carolina.
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 the act, any
nonresident corporation which shall
: on Or after the first day of May, A. ID.
1897, violate the first section of this
act, or which shall continue to bust
) ness as corporation within this State
shall be guilty OF misdemeanor fol
every day that it shall so continue to
do business in violation OF this statute
and upon conviction shall pay a fine Of
: five hundred dollars ($5OO). Such in
dictments shall be tried in the Superior
or Criminal courts of any county
wherein such nonresident Or foreign
: corporation does business contrary to
the provisions of this act. That any
person who shall aid or abet Or assist Z
nonresident corporation in doing bust
ness contrary to the provisions of this
act, either as officer or as agent, shall
, be guilty of criminal offence and up
on conviction thereof in the superior
or Criminal courts of any county IL
| which the corporation shall do business
contrary to law, may be fined not les
, than one hundred dollars ($l0O Or mor'
o than one thousand dollars (S1, OOO)
Sec. 5. The North Carolina Rail
road Company is hereby authorized
l and empowered to lease It's propert.
and franchises to any railroad compan,
f conducting with it, directly or indirect
Iy, and to make, execute and delive
any lease or conveyance necessary t.
carry into effect the powers allow
granted by and with the consent OF
g majority of its stockholders in genera
or special meeting assembled. Provided
), that the term of said lease shall not b
greater than thlrty-six years.
+ The lease executed by the Nort]
Carolina Railroad to the Southern
railway in 1895 is hereby validated
q confirmed and approved, subject to thu
limitation OF time mentioned above
But this shall not take effect until AM
IS unless the Southern Railway Company
shall on or before the first day of Apr
# next make, execute and deliver to tn
North Carolina Railroad Company b
appropriate instrument its assent to
= remission or modification of the leas
executed in 1895, whereby the duration
" of such lease, from the date of its es
e ecution shall be reduced from the tern
of nlnety-nine years to term of thirty
I six.
Upon failure by the Southern to as
v sent to such modification on or befor
r April LIST, it shall be the duty of tn
- Governor. by and with the assistanc
: of the Attorney General, and such ad
+ ditional counsel if any, as the Governo
shall deem necessary, to cause to be in
Y stituted and action for the purpose G
= having declared null and void the cor
y tract of lease executed III 1895 and th
Governor shall be empowered to pay
IS such counsel such reasonable compenss
t. ton as he may adjudge proper.
:. Sec. s. This act shall be in fore
from and after its ratification.
EXPOSURE TO DISEASE