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48 LAWS OF NORTH CAROLINA. VII. Bfi. if flinker eaacled, Tint' this act shall be in force for fifty years, ami-no lunger, witho'ita renewal of charter. VIII. Be if furlker enactei, That this act shall commence and be in force from and immedidlelv after the ratification thereof. CnXPTEK LVIIT. An ACT to incorporate the Tuck;ileicha Soioky .Mount-tin Tumpike Company. Be it en.ac fit l>>] 'heGeaerd Amemtj/t/ of the State of North. Carolina and it is hereby enacted by Ike autkoriy of the name, T!!i<t Jeissee K. Silet, Niinrod S. J.tfiet. J '3«|iti ^Vt'icii, E.i.vanl Puinde'-tr .md John Hall, nrami!J)riij if thein» <iri> itei'e!.>yiap|)<»!n(fd com >ii>«!iii»ners for tlio pur[)(»se of openin;^ ijook' arid reveiv:.!"^ -a )sc!ij) ioii of sUirk, to ttie am unt of two thou^^and dollar;*; wti cii su n aiuiil constitute tb» capKal stock of the compafiy hereby 'mc-rporate ! ; and it shail ijrt the duty of tiie coinn)issii»ners to open book-, at the towfi ot Fia kin, aai at such othei'^taces as a mgority of them may think fit, at such time as a nnjotitv of the-coiH iusiioiiers m ly think advisable, alter ^ivin^ notice of skcIi tiHiv.* .tiid place a( fea-it ten days, at tie court ')uus*' d »or in the town of Frank-lin, I >r toe purpose of receivni;;; subscriptnms for stock in said company. II. Be it further tnactedy That the afore^^aid capital s'ock of two tfjousand. dollars, Mijii be divnietl into si)are". ()< fwenty dollars each, and shall Oe ap-piit'd HI iUaKi(fi5 and co(^^t U'-taiii; a tunijiike load, ciMnmencinii on tho rennc-- see. river turnpike road, at oi near Joseph WeUivs. and runmnu tiie nwarest ami b.vs" way tt» the top of the i>reat smoky mountain, so as to intersect tiie rt)ad charieretl oy The Legislature ol Tennessee, in eighteen hundred and rhir-tv three, at tin* vState luif ; the road to be, 'when coiupleti'd, as foliou>, ihat is to say, sixteen feet wide, clear td all obstructums, except wiien side cui'ing may oe necessary : inwiiicli case, ilie road ^(lall be twelve feet wuie, and the declivities «)f tue road shall not exceed one foot per^iemlitular to eight feet hori-z .o:al. U I. Be it further enacted, Thai as hOim as one. thousand dollars shall be sub-scribed, II slsall be liie duty of the commi^^sioners, to call a s;eneral meeting of the stockholders in the town of FrankliM ; and if toe stockoolders owfiaig a majority of all tne sliares subscribed for shall atseod, it shall atid miy be law-lul for them to pioceed to appoint a president, trea^'ijiei and three director*, for the term »d one year, ami until trie next general meei'n» of the stockiio'ders : and the piesiileot, treasurer, and «liree.tors, when so appointed, and tiieir suc-cessors in office, siiall constitute a body, roipenife and politic in law, by the na-ne and style of tne *» Tuckaleicha imoky M untain Turnpike Company;" and by that name, may sue and be »ued, plead and be impleaded, in any court of recvud in (his State; and as such, shall have perpetual succession, and a cornuion seal; and shall have and possess ail the rii;hts and privileges \vi ich may be necessary to carry into lull effect, tlie objects of this corpi>- ratson. IV Be Ufurther enacted, Fiiat <he number of votes to vvliich any stocklmldcr shall be eoiideu, sOail be accor<ii;ig to the num lor of siiares -hw may hold in pro-portion toiiowiiig, ti-,at ih to sav, lor one stiare, and not more tlian two shares, one vote ; for everv two s'lares aoove tw ' and not exceeding ten, "H ' vote ; for every.four 6liare> above tpn ano not exceeding titty, one votej and for every tea shares above fif'V, one vote. V. Be it fw'rther enacted, That the president and directors shall have power from time to time to luake atid e«rabhsn such bye laws for their ov. n govern- 'ment as they may think proper, uot mcunsistent with the constitution and laws of the State, VI. Be it further enacled, Taal the owners of a majority of all the shares
48 LAWS OF NORTH CAROLINA.
VII. Bfi. if flinker eaacled, Tint' this act shall be in force for fifty years, ami-no
lunger, witho'ita renewal of charter.
VIII. Be if furlker enactei, That this act shall commence and be in force
from and immedidlelv after the ratification thereof.
An ACT to incorporate the Tuck;ileicha Soioky .Mount-tin Tumpike Company.
Be it en.ac fit l>>] 'heGeaerd Amemtj/t/ of the State of North. Carolina and it
is hereby enacted by Ike autkoriy of the name, T!!i