- Title
- Private laws of the state of North Carolina passed by the General Assembly at its session of ...[1895]
-
-
- Date
- 1895
-
-
- Creator
- ["North Carolina."]
-
- Place
- ["North Carolina, United States"]
-
Private laws of the state of North Carolina passed by the General Assembly at its session of ...[1895]
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1S95. — Private Laws. — Chapter 310.
503
CHAPTER 810.
An act to incorporate the Winston-Salem Railway Company.
The General Assembly of North Carolina do enact:
Section 1. That F. H. Fries. W. W. Wood, E. A. Ebert, W.
A. Biair, W. A. Lemly, Lindsay Patterson, C. A. Follin, J. L.
Ludlow,
С.
E. Fogle,
В.
I). Vaughn, A. H. Eller and W. B. Pol¬
lard, and such other persons as may be associate with them, are
hereby created and declared a body politic and corporate, with
perpetual succession, under the name and style of “The Win¬
ston-Salem South-Bound Railway Company and in that name
may sue and be sued in any court of this state, and shall be
competent to purchase, or acquire by gift, devise or otherwise,
such real and personal property as shall be necessary for carry¬
ing out the intent and object of this charter, and, in addition
thereto, shall have the power and authority to acquire, hold,
own, operate or lease quarries, mines, -coal-beds, lumber yards,
or furnaces, in any of the counties through any part of which its
road or branches may extend or pass, and to build braneh roads
from any part of its main line, not exceeding fifty miles in
length.
Sec. 3. Said company, upon organization, as herein provided
for, shall have power to construct, maintain and operate a rail¬
road and telegraph line from Winston-Salem, North Carolina,
through the counties of Forsyth, Davie, Guilford, Randolph,
Montgomery, Rowan, Stanly, Cabarrus, Mecklenburg, Union
and Anson, or through any parts of either of said counties, to
the South Carolina line.
Sec. 8. The capita) stock of said Winston-Salem South-Bound
Railway Company shall not exceed five millions of dollars, to
be divided into shares of one hundred dollars each. Each share
subscribed shall be entitled to one vote in all the meetings of
the stockholders of said company ; and fifteen thousand shall be
the minimum subscription on which said company may be
organized.
Sec. 4. For the purpose of raising the capital stock of said
company, it shall be lawful to open books in any city or town
on the line of said road in .North Carolina, under the direction
of the following commissioners, to wit : F. H. Fries, W. W.
Wood, E. A. Ebert, W. A. Blair, W. A. Lemly, Lindsay Pat¬
terson, O. A. Follin, J. L. Ludlow,
С.
H. Fogle, E. D. Vaughn,
A. H. Eller and W. B. Pollard, and at such other places, and
under the direction of such other persons, as the majority of the
Incorporators.
Body politic.
Corporate
name.
Corporate
powers.
May acquire
quarries, Ac.
Branch roads.
ltall road.
Telegraph line.
Route.
Capital stock.
Stock vote.
Books of
subscription.
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