- Title
- Laws of the State of North Carolina, passed by the General Assembly [1850-1851]
-
-
- Date
- 1850 - 1851
-
-
- Creator
- ["North Carolina."]
-
- Place
- ["North Carolina, United States"]
-
Laws of the State of North Carolina, passed by the General Assembly [1850-1851]
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ROADS.
f85(V51
411
CHAPTER CXLIX.
AN ACT to incorporate the Fayetteville and Southern Plank
Road Company.
Sec. 1. lie it enacted by the General .Assembly cj the Slate
of North Carolina, and it is hereby enacted by the authority of
the same, That Allred
Л.
Mcltethan, John II. Cook, David
A. Ray, Charles Benbow, Gordon Denning,
Л,
A. T. Smith,.
11. Lilly, E. J. Hale, John R. McIntosh, Daniel McNeill and
Archibald S. McKay, together with such persons as now are,
or may hereafter be associated with them, their successors or
assigns, be, and they are lieieby created a corporation and ami corpo-
body politic, by the name and style cf the 11 Fayetteville and
ёге*
P°W
Southern Plank Road Company and by that name and
style, may acquire, hold, possess and transfer such real, per¬
sonal and mixed estates, so tar as may be necessary for the
purpose of constructing the road herein authorized to be
made, or of managing the affairs of said company ; and shall
have perpetual succession, and a common seal, which they
shall have power to alter arid renew at pleasure ; and shall
have and enjoy, and may exercise ail the powers, rights, and
privileges which other corporate bodies may lawfully do, for
the purposes mentioned in this act ; and may make all such
by-laws, rules and regulations, not inconsistent with the laws
of this State or of the United States, as shall be necessary
for the well ordering and conducting of the affairs of the
company ; and by said name, may sue and be sued, plead and
.be impleaded in any of the Courts of this State.
Sec. 2. Be it further enacted , That the capital of said
company shall not exceed the sum of twenty five thousand
dollars, in shares of fifty dollars each ; the payment or se¬
curing of the stock o( said company to be made under such Capital
rules and regulations as may be prescribed by the boatd locr>
directors hereinafter provided for. The said company shall
have power to construct a plank road from the town of Fay¬
etteville, to or near Lumber Bridge Church, in the eoiinly of
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