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Charter and Amendments Thereto of the North Carolina Railroad Co




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Stand:2015-08-04 03:50:33

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Excerpt from Charter and Amendments Thereto of the North Carolina Railroad Co: With the by-Laws, Mortgage and Lease to Richmond Danville and Proceedings of Stockholders That Ratified the Lease 1 Incorporates Company with capital of $3,000,000. 2 Route of Road, from Wilmington Road to Charlotte. 3 Appoints Commissioners for creating Stock and opening Books of Subscription. 4 Books, when and how long to be kept open; amount of shares, five dollars of which to be paid down; to be paid over to General Commissioners. 5 Duty of General Commissioners in keeping open Books, and when $1,000,000 shall be subscribed. 6-7 Corporate rights and powers - Notice of process. 8 Provision for first and subsequent General Meetings, election of Directors, &c. 9, 10, 11, 12, 13 Number of, and manner of voting for Directors, election of President, and quorum at General Meetings: Votes and Proxies. 14 Return to be made by General Commissioners, and penalty. 15 Vacancies in Board, to be filled by Directors. 16 Authentication of Contracts. 17 Construction and use of Road; when any section is completed. 18 Right and charges for transportation of goods or passengers. 19 Company may farm out right, and made common carrier. 20 Manner of Calling for and enforcing payments of Stock. 21 Debt of deceased Stockholders, equal dignity with judgments. 22 Certificates of Stock shall be issued, and how transferred. 23 Capital may be increased, and how. 24 Directors to make Annual Report, and may call Meetings. 25 Company may purchase and hold Land. 26 May cross Roads and Streams. Proviso. 27 Proceedings-in valuing land. 28 Number of feet of Land condemned. 29 Absence of contract for lands, provision for. 30 Land not heretofore granted, provision for. 31 and 32 Penalties for intrusion and malicious injuries. 33, 34 and 35 Of obstructions of Road, storage and carriage of goods, and dividends. 36 Provides for subscription on behalf of the State. 37 and 38 Provides for borrowing, and manner of borrowing money. 39 Duties of Comptroller and Treasurer relative to registering Certificates. About the Publisher Forgotten Books publishes hundreds of thousands of rare and classic books. Find more at www.forgottenbooks.com This book is a reproduction of an important historical work. Forgotten Books uses state-of-the-art technology to digitally reconstruct the work, preserving the original format whilst repairing imperfections present in the aged copy. In rare cases, an imperfection in the original, such as a blemish or missing page, may be replicated in our edition. We do, however, repair the vast majority of imperfections successfully; any imperfections that remain are intentionally left to preserve the state of such historical works.


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