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An Act to incorporate the Nashville and Sparta Rail Road and Mining Company. 1847-1848 301 (1847)

handle is hein.slavery/ssactstn0147 and id is 1 raw text is: 301 CHAPTER CLXXXVII. An Act to incorporate the Nashville and Sparta Rail Road and Mining Company. SECTION 1. Be it entCted by the General Assembly of the State of Tennessee, That for the purpose of working Incorporatiou. the coal mines on the Cumberland mountain, in the neighborhood of Sparta, in White county, and transport- ing the same to Nashville and other places upon the Cumberland river, the formation of a company is here- by authorized, which, when formed, shall be a body corporate, by the name and style of the Nashville and Sparta Rail Road and Mining Company, and by said corporate name, shall be capable in law, to buy, receive by gift, hold, sell and convey real and personal estate, as hiereinafter provided, make contracts, sue and be sued, make by-laws, and to do all lawful acts, necessary and proper for the transaction of the business for which itis incorporated, and to have and use a common seal, and the same to alter and destroy at its pleasure, and shall have perpetual succession of members. SEc. 2. Books for subscription of four thousand Baks opened shares of the capital stock of said company of lifty dol- forsubscription lars each, shall be opened on second Monday of June, 1848, and shall be kept open for six days between the hours of ten o'clock in the morning and four o'clock in the evening of each of those days, at the following places, and by the following commissioners, to wit: At Nashville, by Alexander Allison, Joseph B. Knowles, John Nichol, William Nichol, John W. Brown, Samuel Morgan and Ammon L. Davis. At Sparta, by William Glenn, John Warren, William M. Young, William G. Sims, John W. Simpson and William Bosson, Spc. 3. The said commissioners or a majority of them, at each of the places aforesaid, shall secure sub- scriptions for stock in the said Rail Road and Mining com- pany, during the time the said books are directed to be kept open,and on each share so subscribed, shall demand and receive the sum of fifty cents, without which the subscription shall be void. SEC. 4. As soon as the time for receiving subscriptions Money to be as aforesaid, shall have expired, the said commissioners deposited is shall deposit the money in the State Bank, to the credit bank. of the Nashville and Sparta Rail Road and Mining Coin- pany, and subject to the order of the president of the boara ot commissioners hereinatter appointed; and shall also forward a correct list of all the subscribers to the Digitized from Best Copy Available

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