C p 385 
 CZ9n 
 
 House Eill - Carolina Central 
 Railway Company 
 
 McRae 
 
THE LIBRARY OF THE 
 
 UNIVERSITY OF 
 
 NORTH CAROLINA 
 
 FROM THE LIBRARY OF 
 
 ALEXANDER B. ANDREWS 
 
 Class of 1893 
 
 TRUSTEE OF THE UNIVERSITY 
 
 FRIEND OF THE LIBRARY 
 
 Co 38 5. 1 
 

 Pfiy ^ f(?^ A y^^s- 
 
 House Bill No. 77.] [Sim 1874-'75. 
 
 Introduced by Mr. McRa^. 
 
 Ordtr&i to be Printed. 
 
 JOSIAH TURNER, Public Printer and Binder. 
 
 A BILL 10 BE -ENTITLED AN ACT TO AMEND 
 THtf i HARTER OF THE "CAROLINA CENTRAL 
 RAILWAY COMPANY." 
 
 Section 1. The General Assembly of North Carolina 
 
 2 do enact, That the whole of section four (4) of an act en- 
 
 3 titled " An act to incorporate the Carolina Central Railway 
 . 4 Company," ratified the 20th of February, 1873, be stricken 
 
 5 out, and that there be inserted instead thereof as follows : 
 
 6 That the officers of the Company shall be managed by a 
 
 7 general board to consist of not more than thirteen (13) nor 
 
 8 less than fire (5) directors to be elected by the stockholders 
 
 9 at each annual meeting. All such elections shall be by 
 
 10 ballot, and the person having a majority of the votes cast 
 
 11 shall be deemed duly elected. Each stockholder shall have 
 
 12 as many votes as he has shares in the stock of the Company, 
 
 13 and every holder of any of the second mortgage income 
 
 14 bonds of the Company, dated the 1st of April, 1874, and 
 
 15 which are secured by a mortgage made and executed by the 
 
 16 taid Company on the 1st of April, 1874, to J. Brander 
 
 17 Matthews and James L. Dawes, and registered in the office 
 
 18 of the Register of Deeds of New Hanov . count' , in book 
 
 19 "III," pages 558 to 583 inclusive, shall be entitled to vote 
 
 20 either in person or by proxy, in all and every meeting of 
 
 21 the stockholders, as if he was a stockholder, and shall have 
 
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22 as many votes as he has one hundred dollars in bonds, that 
 
 23 is to say, that for ths purpose of determining the number 
 
 24 of votes to which such bondholder shall be entitled, every 
 
 25 one hundred dollars in bonds shall be deemed equivalent to 
 
 26 one share of stock: Provided, That the stockholders may 
 
 27 at any annual or general meeting, establish a different scale 
 
 28 or rule of voting if two-thirds in interest of said stock- 
 
 29 holders and two-thirds in amount of said bondholders rep* 
 
 30 resented at such meeting shall consent thereto 
 
 Sec. 2. That the twenty-first section of said act be amended 
 
 2 by striking out, in the third and fourth lines, the words "in 
 
 3 twelve months after the said Company organizes and gets 
 
 4 possession of said railway," and insert instead thereof " on 
 
 5 or before the first day of January, 1876," so that the said 
 
 6 Company shall be allowed until the first day of January, 
 
 7 1876, to complete its railway to the town of Shelby, Cleave- 
 
 8 land county. 
 
 SiiC. 3. That this act shall be in force from and after its 
 2 ratification. 
 
 in 
 
UNIVERSITY OF N.C. AT CHAPEL HILL 
 
 00040627198 
 
 FOR USE ONLY IN 
 THE NORTH CAROLINA COLLECTION