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 g>eptemoer 9, I854 = 3fune 1, 1925 
 
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 CENT 
 on the 
 
AJN" ACT 
 
 ALLOWING THE RALEIGH AND GASTON RAIL 
 ROAD COMPANY TO INCREASE ITS CAPITAL 
 STOCK. 
 
 Whereas, the whole capital stock of the Raleigh arid Gas- 
 ton Rail Road Company, is fixed by the Charter at the sum 
 of nine hundred and seventy-five thousand dollars, and each 
 share thereof at one hundred dollars, and by reason of the 
 great expenditure in permanent fixtures necessarily made to 
 complete the road after exhausting the capital stock, the 
 actual capital invested is now, or will soon be upward of one 
 million five hundred thousand dollars, so that, each share, in 
 said company now represents about the sum of one hundred 
 and fifty dollars ; and whereas, at a late general meeting of 
 the Stockholders, held on the 4th day of October last, it was 
 deemed expedient, and so resolved, that the Company should 
 purchase a portion of the slaves to be employed in its ser- 
 vice, whereby each share will represent a still larger addition- 
 al amount of capital stock, and it is but just, that the shares 
 should represent as nearly as practicable the amount of capi- 
 tal invested : 
 
 Be it therefore enacted by the General Assembly of the State 
 of North Carolina, and it is hereby enacted by the authority 
 of the same, That it shall be lawful for the Raleigh and Gas- 
 ton Rail Road Company to increase the number of shares of 
 its capital stock, so as to make the whole number fifteen 
 ^ thousand or less, and that the additional number hereby al- 
 0m lowed may be wholly or partly divided among the Stock- 
 
 EL 
 
[2] 
 
 holders, according to their several interests or sold for their 
 use and benefit, or used to purchase slaves for the use of the 
 Company as by the Stockholders shall be deemed best ; Pro- 
 vided nevertheless, that it shall be necessary for the State as a 
 stockholder to concur in the number of increased shares as also 
 in the disposition thereof. 
 
 Sec. 2. Be it further enacted, That if the additional shares 
 or any number of them shall be divided among the stockhold- 
 ers all the fractional parts of shares which may accrue on 
 such division shall be added together so as to constitute whole 
 shares, and they shall be disposed of for the benefit of those 
 having fractional interest, as may be deemed advisable by 
 the Company. 
 
 Sec. 3. Be it further enacted, That this act when accept- 
 ed by the Company shall forthwith, be deemed a part of the 
 Charter, and such acceptance shall be certified to the Secre- 
 tary of State, by the President and Directors of the Compa- 
 ny, under the seal of the Corporation. 
 
 Sec. 4. Be it further enacted, That a general meeting of 
 the Stockholders may be called for the purpose of accepting 
 the amendment and if accepted as provided in Section 3rd, 
 at any time within two years, it shall be sufficient. 
 
 Sec. 5. Be it further enacted, That it shall not qe ne- 
 cessary for the Company to increase the number of shares 
 at once, but they may do so from time to time as shall bef 
 resolved on the State concurring as aforesaid, Frovided, how- * 
 ever, the whole capital of the Campany shall not exceed fif-^^ 
 teen hundred thousand dollars. ^ 
 
[3] 
 
 Sec. 6. Be it further enacted, That every part of the 
 present charter of said Company which shall be in conflict 
 with this amendment shall be null and void after its accept- 
 ance as aforesaid. 
 
 Read three times and ratified in General Assembly, this 
 23rd day of February, A. D. 1S61. 
 
 WM. T. DORCH, S. H. C. 
 HENRY T. CLARK, S. S. 
 
UNIVERSITY OF N.C. AT CHAPEL HILL 
 
 00042071658 
 
 FOR USE ONLY IN 
 THE NORTH CAROLINA COLLECTION