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76 1899—Chapter 53—04.
the corporation hereby chartered, and shall be subject to such
rules and regulations as may be prescribed by the president and
Proviso. board of directors of the said bank: Provided, the license tax be
paid to the treasurer of the state of North Carolina and a receipt
for said tax from the treasurer shall be suflficient power and
authoritj'^ to establish the said agency under this act.
Organized, when. Sec. IS. The said corporation may be organized under this act
at any time within five years from the date of its passag-e.
Sec. 19. This act shall be in force from and after its ratifica-tion.
Ratified the 13th day of February, A. D. 1899.
CHAPTER 54.
An act to ratify the consolidation of the Wilmington, Columbia snd
Augusta Railroad Company and the Cheraw and Darlington Railroad
Company with the Atlantic Coast Line Railroad Company of South Car-olina,
and to incorporate the said Atlantic Coast Line Railroad Com-pany
of South Carolina in North Carolina.
Preamble.
Con.stitution rati-fied.
Whereas, The Atlantic Coast Line Railroad Company of South
Carolina, a corporation created by the laws of the state of South
Carolina, has by virtue of the power and authority given by its
charter, acquired the ownership of the railroad and property of
the Wilmington, Columbia and Augusta Railroad Company and
of the Cheraw and Darlington Railroad, including that portion
of each which is located in this state; and the said Wilmington,
Columbia and Augusta Railroad Company, and the said Cheraw
and Darlington Railroad Company have, by virtue of the powers
in them vested, become consolidated with other railroads under
the name of the said Atlantic Coast Line Railroad Company of
South Carolina; now therefore:
The General Assemhly of Xorth Carolina do enact:
Section 1. That the consolidation of the said Wilmington, Col-umbia
and Augusta Railroad Company and the Cheraw and Dar-lington
Railroad Company with the Florence Railroad Company,
the ilanchester and Augusta Railroad Company and the North
Eastern Railroad Company, tinder the charter of and by the
name of the Atlantic Coast Line Railroad Company of South
Carolina, and the conveyance and deliverj' of that portion of the
railroads and other property and branches of the said Wilming-ton,
Columbia and Augusta Railroad Company and [the] Cheraw
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