WILSON COUNTY, TN - MISC - Stone's River and Statesville Turnpike Company



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An Act to charter the Stone's River and Statesville Turnpike Company



Incorporation	Section 1.  Be it enacted by the General Assembly of the 

State of Tennessee, That B. Hurt, and E. Hamilton of Davidson county; and 

Isaac Rutland, Andrew Baird, John E. Baker, Thomas Kirkpatrick, Andrew 

Gwinn, Joseph Walker, A Simmons, J. Williams, J. H. Kennedy, Anthony Owen, 

James M. Armstrong, Uriah Jennings, Thomas H. Knight, Paschal Bottoms, 

Thomas Word, W. W. Huddleston, Jeremiah Cason, Edmond Gilliam, William 

Arbuckle, J. B. David, John Word, G. A. Huddleston, Daniel Richmond, Asaph 

Alsey, Sr., William F. Rich, William Woodrum, J. W. Marshall, William 

Thompson, J. M. Alexander and Samuel T. Williams, of the county of Wilson; 

be and they are hereby incorporated, for the purpose of constructing a 

turnpike road from Stewart's ferry in Davidson county to Statesville in 

Wilson county, under the name and style of the Stone's River and 

Statesville Turnpike Company, to exist as a body politic and corporate for 

the term of ninety-nine years. 



Capital Stock.	Section 2.  Be it enacted.  That the persons mentioned in 

the first section of this act, or any five of them be, and they are hereby

authorized to open books for the subscription of stock to build said road,

in shares of fifty dollars, to be paid in labor or money, as said company

may order, the capital stock of said company shall not exceed sixty-five

thousand dollars.



Gates/Tolls	Section 3.  Be it enacted.  That the said company may 

commence the construction of said road when the sum of five thousand 

dollars is subscribed, and they shall have power and authority to open a 

gate, so soon as five miles thereof is or may be completed from Stewart's 

ferry, and for every additional five miles, said company may complete of 

said road, they may open a gate and charge the same rate of toll as is now 

charged on the Nashville and Lebanon turnpike road.  Said road shall be 

sixteen feet wide, varying from two to three degrees, and finished after 

the same manner that the Nashville and Lebanon road is.



Officers.		Section 4.  Be it enacted.  That the persons whose 

names are mentioned in the first section of this act, or any five of them, 

shall, after the sum of five thousand dollars shall have been subscribed, 

and before they shall have commenced the construction of said road, elect 

from their own body a President, Secretary and Treasurer for said company, 

who shall hold their office for one year, and shall receive such pay as 

said company may allow.



Powers.		Section 5.  Be it enacted.  That when said company is 

organized, as provided in the fourth section of this act, they shall have 

power to pass all rules and by-laws necessary for their regulation, so that 

the same are not inconsistent with the constitution and laws of this State.



		Section 6.  Be it enacted.  That said company shall have 

five years in which to complete said road, from and after the passage of 

this act.



		Section 7.  Be it enacted.  That said company may sue, and 

be sued, plead and be impleaded, by their corporate name, and service of 

process on the President of said company shall be sufficient to compel the 

appearance of said company in any suit or action.



		Section 8.  Be it enacted.  That said company may make and 

use a seal, and may pass by-laws, regulating the manner of transferring the 

stock in said company, as well as for the regulating of said company in all 

other respects.



May extend road To Moses Fite's	Section 9.  That said company may, if it 

choose, extend said road from Statesville to Moses Fites, in DeKalb county.



Landon C. Haynes

Speaker of the House of Representatives



John F. Henry

Speaker of the Senate



Passed December, 7, 1849.