1881 public laws – Ch.374 Sec.1

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CHAPTER 374 AN ACT TO PROVIDE A COMMISSION WITH POWER TO SELL THE STATES STOCK IN THE CAPE FEAR AND YADKIN [VALLEY] RAILWAY COMPANY. The General Assembly of North Carolina do enact:

That A. J. DeRossette, of Wilmington, Levi M. Scott, of Greensboro, E. L. Vaughan, of Alleghany, George M. Rose, A. A. McKethan, jr., and A. B. Williams, of Fayetteville, Orrin A. Hanner, of Chatham, Julius A. Gray, of Greensboro, Jesse F. Graves, of Mount Airy, Tyre York, of Wilkes, A. J. Boyd, of Rockingham, Hugh Parks, of Randolph, W. A. Lash, of Stokes, be appointed commissioners, with full power, while the general assembly of North Carolina is not in session, to receive any proposition which has already been made to the governor, or which may hereafter be made by the South Atlantic and Ohio Railway Constructing and Operating Company, or by any other company, person or persons concerning the purchase of the state stock in the Cape Fear and Yadkin Valley Railway Company, who will give adequate security to complete the road east and west from Wilmington to some convenient point in the extreme west, and the branch through Surry to Ore Knob, as previded in the charter of the Cape Fear and Yadkin Valley Railroad [Company ], within a period not exceeding three years from date of sale to them: Provided, That nothing in this act shall be construed to discharge said railroad company from any indebtedness to the state for loans or convict labor.

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