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An Act to incorporate the Mississippi and Tennessee Railroad Company. 1852 30 (1852.1)

handle is hein.slavery/ssactsms0271 and id is 1 raw text is: LAWS OF M1SSISSIPPI. CHAPTER 9. AN ACT to incorporate the Mississippi and Tennessee Rad- road Company. Sf.cTIoN 1. Be it enacted by the Legislature of th State of flississippi, That J. C. N. Robertson, Henry. Dockery, F. M. White, David S. White, J. G. Brody, - Gillespie, R. A. Parker, Fletcher Lane, and R. Ferguson, with such other persons as shall associ- ate with them for that purpose, are constituted a body politic and corporate, by the name of the Mississippi and Tennessee Railroad Company; and by that name to sue and be sued, plead and be im- May hane pleaded, in any court of this State; to make and a common have a common seal, and the same to alter, break, seal. or renew at pleasure. SEc. 2. Be 'it ferlther enacted, That said corpora- tion shall be, and are hereby, vested with the rights and authority to construct a railroad, with double strct road or single track, commencing on the northern boun- dary line of this State, at such point as may be deemed most eligible by the corporation, and run through such portions of the counties of DeSoto, Panola, Yallobusha, and Tallahatchie, and connect with the Mississippi Central Railroad at such point as they may elect; and in the event that the Mis- sissippi Central Railroad Company shall not com- plete their road to Canton, in Madison county, then the Mississippi and Tennessee Railroad Com- pany are hereby authorized to continue their road to the above named place, by such route as, after due examination and survey, shall be considered the most eligible, such railroad way or privilege to be lifty feet wide on both sides from the centre of the track of the railroad, and to transport, take, and carry, persons and property, of every descrip- tion whatsoever, upon the same, by the power of steam, of animals, or of any other mechanical pow- er, or a combination of them, which said company may choose to employ; and the guage or width ot the track of said road shall be five feet. Suc. 3. Be it further enacted, That the capital Capital stock of said company shall be two millions, and stock. shall be divided into shares of fifty dollars each; and the shares of the capital stock of said company shall be deemed personal property, transferable 30

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