1899_private laws_241_2
CHAPTER 240 An act to incorporate the Trans-Appalachian Railway System. The General Assembly of North Carolina do enact :
That H. L. Miller and D. W. Beach, of Washington, District of Columbia, and S. D. Dunavant, W. C. Ervin, 8S. T. Pearson, F. P. Tate, J. R. Ervin and W. E. Walton, of the county of Burkeand state of North Carolina, and such persons as may be associated with them, their successors and assigns, be and they are created a body politic and corporate under the name and style of The Trans-Appalachian Railway Company, which shall have perpetual succession and may sue and be sued, plead and be impleaded, contract and be contracted with, adopt and use a common seal, and change the same at pleasure, and be eapable of taking and holding by purchase, gift or devise, or in any other manner, real and personal property, and of leasing, selling or conveying the same or dealing with the same in any manner. And said corporation shall have and enjoy all privileges, rights and immunities which corporate bodies may lawfully exercise, and make all necessary by-laws necessary for its government or which its directors may deem proper and expedient, not inconsistent with law.