156-48. Compensation for damage to lands.
If any proprietor of lands shall be damaged by any improvement proposed, the commissioners shall so report, and he shall be entitled to be compensated as may be just by the proprietor whose lands are benefited in proportion to the benefit to them respectively; but in estimating such damages the benefit shall be deducted, and such proprietor shall be entitled to all the rights and privileges of a corporator as respects the use of the improvement, but shall not be entitled to a vote, or be bound for the assessment. (1868-9, c. 164, s. 12; Code, s. 1321; Rev., s. 4006; C.S., s. 5306.)
Structure North Carolina General Statutes
North Carolina General Statutes
Article 4 - Rights and Liabilities in the Corporation.
§ 156-44 - Shares of stock annexed to land.
§ 156-45 - Shareholders to pay assessments.
§ 156-46 - Payment of dues entitles to use of canal.
§ 156-47 - Rights of infant owners protected.
§ 156-48 - Compensation for damage to lands.
§ 156-49 - Dissolution of corporation.
§ 156-50 - Laborer's lien for work on canal.
§ 156-51 - Penalty for nonpayment of assessments.