| {Acts of the North
Carolina General Assembly} |
| |
| An Act to Amend the Charter of the Fayetteville &
Florence Railroad Company |
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| Section 1. Be it enacted by
the General Assembly of the State of North Carolina, and it is hereby
enacted by the authority of the same, That so much of the 5th
section of the ordinance of the convention of North-Carolina, entitled
"An ordinance to charter the Florence & Fayetteville Railroad Company,"
as requires a subscription of one hundred thousand dollars before an
organization of said company be made, be and the same are hereby
repealed, and that whenever fifty thousand dollars shall be subscribed
the commissioners therein appointed may call a general meeting of
stockholders and said company may be duly organized and proceed to the
construction of said road, and that in organizing said company the
stockholders shall not be required to elect a treasurer, but said
officer shall be elected by and be amenable to the board of directors. |
| Sec. 2. Be it further
enacted, That the justices of the county court of any county or the
authorities of any incorporated town, or the authorities of any
corporation in this State, shall have full power and authority to
subscribe for the stock of this company, and to issue bonds and other
evidences of debt for the purpose of receiving money to pay the same
under such rules and regulations as said authorities may adopt, and to
levy and collect taxes to pay the same. [Ratified the 28th day of
May, 1864.] |
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