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432 1870-71.--CHAFTER 270. and JS'orth Carolina Railroad Company ; and said vote shall be fby proxy elected by the North Carolina Eail-road Company at its annual meetings. This transfer to go. into effect upon the acceptance of the proposition contained in section three by the Atlantic and North Carolina Rail-road Company and the transfer indicated in section one. <t Rates of ft-eight Sec. 3. That the tariff ot rates for carryino^ freights or and fare. . , -^ , . , passengers on that portion ot the said road between Raleigh and Goldsboro', shall be the same whether the said freight or passengers are destined to or from Newbern or More-head City and way stations on the Atlantic and North Caro-lina Railroad, or to or from Wilmington or any way station' on the Wilmington and Weldon Railroads, and equal facili-ties shall be furnished both said roads in the transfers of freight or in furnishing and transferring through cars. Officers of North Sec. 4. That if the private stockholders t)f the North Car- Carolina Railroad t t-, -i i i i i i • /• • ^ may lease portion olina Railroad shouid not at tlieir nrst meeting hereaitery'^: accept and consent to the consolidation and transfer herein provided for, or for any other cause the same be not carried into effect within six months from the ratification hereof,. the proper officers of the North Carolina Railroad Company are hereby authorized and empowered to lease to the highest bidder, under such regulations as they may prescribe, that portion of their road between Goldsboro' and Raleigh, for a term of years, not less than five nor more than twenty, and at a price not less than twenty thousand dollars jyer annurriy or not less than a sum ten per cent, greater than the present net profits of that portion ol the road as near as the same may be ascertained, whichever may be most advantageous ta the North Carolina Railroad Company. Question to be Sbc. 5. That afi soou as practicable after the passage of 8U imitted to _ '^ ... siockhoiders of ^ this act and the acceptance ot the foregoing proposition by Railroad. ' the pri\"ate stockholders of the Nofth Carolina Railroad Company, a meeting aliaJl be called of the stockholders of the Atlantic and North Carolina Railroad Company, to con-sider the transfer herein provided for, at which meeting this question shall be submitted to the private stockholders. That the North Carolina Railroad Company shall be ad-
432 1870-71.--CHAFTER 270.
and JS'orth Carolina Railroad Company ; and said vote
shall be fby proxy elected by the North Carolina Eail-road
Company at its annual meetings. This transfer to go.
into effect upon the acceptance of the proposition contained
in section three by the Atlantic and North Carolina Rail-road
Company and the transfer indicated in section one. |