1887_public laws_347_4
CHAPTER 346 An act toincorporate the Salem-Winston and Dan River Railroad Company. The General Assembly of North Carolina do enact :
Each stockholder shall be entitled to one vote in person or by proxy for each and every share which such stockholder shall own for at least ten days immediately preceding any meeting of stockholders. The stockholders shall have power to make and alter such rules, regulations aud by-laws as they may deem necessary and proper for the government and interest of the company not inconsistent with this charter, the laws of this state and of the United States. The stockholders shall not be individually liable for the debts, engagements or defaults of said company except to an amount equal to the amount unpaid on the stock held by them respectively.