| {Acts of the North
Carolina General Assembly} |
| |
| An Act to Amend the Charter of the Western North
Carolina 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 the route selected by
said company for the location of their road from the east bank of the
French Broad river to the Tennessee line, at or near Duck Town or Cowone,
under the provisions of the second section of the acts of 1854 nd '5,
and 1858 and '9, be, and the same are hereby approved. |
| Sec. 2. Be it further
enacted, That the first section of said road, instead of being
divided into two sections as heretofore, shall be extended from
Salisbury to, and terminate at the western portal of the Blue Ridge
tunnel west of the Swannanoa Gap, instead of Morgantown; but the
subscriptions made for the divisions of the section east and west of
Morgantown, shall be applied to the construction of the division
designated by the subscription. |
| Sec. 3. Be it further
enacted, That the company, as provided in said act, shall open books
for the subscription of stock for the second section of said road, to
extend from the terminus of the said first section to a point to be
selected by the company on French Broad river, as near as may be
consistent with the interest of the company to the village of Asheville;
and as soon as one-third of the estimated cost of that section is
subscribed by solvent individuals, counties and corporations, as
provided in the act of 1854-'5, the company shall place that section
under contract. |
| Sec. 4. Be it further
enacted, That as soon as the second section is put under contract,
it shall be the duty of said company to open books for the subscription
of stock to extend the third section of said road from the terminus of
the section to Waynesville, in the county of Haywood, or to any point
west of the head of Richland creek; and as soon as one-third of the
estimated cost of this section terminating at either of the points
designated shall have been subscribed, it shall be the duty of the
company to put a portion or all of the said section under contract. |
| Sec. 5. Be it further
enacted, That it shall be the duty of said company, at the same time
they open books for the subscriptions of stock for the third division,
also to open books for the subscription of stock to construct a branch
of said road down French Broad river, agreeably to a survey recently
made by said company, terminating at the Paint Rock on the Tennessee
line. |
| Sec. 6. Be it further
enacted, That the remainder of the appropriation made for said road
under the act of 1854-'5, after setting apart a sufficient sum to pay
the contractors and complete the road to the point on French Broad
river, in the county of Buncombe, shall be equally divided between the
third division extending to Waynesville, or a point west of the head of
Richland creek, and the branch down French Broad river to the Paint
Rock; and as soon as one-half that sum shall have been subscribed, as
provided in third section, for either the third division or the branch,
it shall be the duty of the company to put a portion or all of either or
both under contracts. |
| Sec. 7. Be it further
enacted, That the payments required to be made on the part of the
State under this act and the act of 1854, in one year from the passage
of this act, shall not exceed seven hundred thousand dollars; this
imitation on the expenditure is intended as a substitute for the
restrictions under the act of 1854-'5. |
| Sec. 8. Be if further
enacted, That all laws and clauses of laws, coming in conflict with
this act, be, and the same are hereby repealed, and that this act be in
[force] from and after its ratification. [Ratified the 18th day of
February, 1861] |
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