1893_private laws_233_7
CHAPTER 232 An act to incorporate the  Credit Foncier Company of Lenoir, North Carolina. 4 The General Assembly of North Carolina do enact -
Its principal business shall be the manufacture, buying and selling lumber, shingles, laths and any species of wood in the rough; the manufacture and sale of any and every article of merchandise, made of wood, stone, earth, animal or vegetable matter or metal, or a combination of any two or more such substances; the growing, buying and selling of every species of fatm products, and the manufacture of the&ame into any merchantable shape. It may loan money on real estate mortgages, on chattel mortgages, and on personal security, subject to the laws of North Carolina regarding interest and foreclosures, It may establish a savings bank for the use of its employees and such other persons as may choose to deposit with it. It may buy and sell real estate, and all deeds made to itas * Credit Foncier shall be good and valid, and all deeds signed for it in disposing of real estate shall be good and valid if signed with the corporate name and seal of Credit Foncier and acknowledged by the general . manager. It may purchase land and construct a boom at or above Catawba station, adjacent to the counties of Catawba and Iredell, and may charge toll on all logs caught in said boom, said toll not to exceed two dollars per thousand feet. It may float logs on the Catawba river and on all its tributaries that are by the laws of North Carolina open to the public for such purposes, and it may acquire by purchase, lease or gift the right to plant on any of said tributaries that are not so open, and when it shall have acquired such a right on any stream not open to the public it shall have the exclusive right to float over that stream. It shall have the right to construct tramways or railways from Lenoir through the Yadkin valley to Wilkesboro, North Carolina; from Lenoir to Linville and Cranberry, North Carolina; from Lenoir to Taylorsville, North Carolina, and from Lenoir to Morganton, North Carolina, under the laws of North Carolina now in force in such cases made and provided us regards rightsof-way and damages. It may remove the tracks of such of their tramways and railways as are not used for general freight traffic.