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An Act to incorporate the Washington Gold Mining Company, in the county of Mecklenburg. 1833-1834 61 (1833)

handle is hein.slavery/ssactsnc0150 and id is 1 raw text is: eORPORATIONS-GOLD MINES1s. 64 scription or to give bond with two securities as aforesaid, as by this act pro- vided, then the subscriber, and any and every director conniving or assenting to such failure, shall be liable to any creditor of the company for the full amount of such subscription, to be recovered from such subscriber and di- rector or directors, their executors, administrators, jointly and severally, by an action on the case. XII. Be it further enacted, That the corporation may make contracts or become bound by any instrument, or security, or agreement, or writing, signed by the president or by any person duly authorised by him, or by the president and. directors; but the legal estate in lands, tenements and here- ditamnents aliened by the corporation, R'hall pass to the purchaser only by and under the corporation seal. XiII. Be it further enacted, 'hat any legal process against the corpora- tion may be served on the president, and in case he be not in the State or evades the service, the service of the same on any director, or in case there be ) director in the State, the service on tiy stockholder shall be sufficient. XIV. Be it furher enacted, That it shall be the duty of said corporation to keep a full and fair record of all their proceedings in books procured for that purpose, and shall be bound to produce said records in any court or jus- tice in any county in the State. when required so to do by the court. XV. Be itfurther enacted, That it shall be the duty of the said corpora- tion whenever thereutito required, after their organization, by the Court of Pleas and Quarter Sessions for the county of Cabarrus, to present to the same a full and lair statement of the amount of stock subscribed, the amount paid in cash, the amount for which the president and directors hold the bonds of the subscribers or stockholders, and also the amount of debts due to the cor- poration, and the name and place of residence of the several stockholders. XVI lie it further enacted, That the president and directors shall pre- scribe the manner in which stock shall be conveyed or transferred from one stockholder to another, or to any other person; and that the stock shall be personal property and go by succession to executors and administrators. XVII. ie itfurther enacted, That all the property of said corporation of whatever kind or nature, whether lands, negroes, machinery, stock, goods, bonds orother effects, shall be liable to the satisfaction of toe debts of the. corporation, and shall be subject to be levied on by execution, attachment or other legal process, and sold. XVIII. Be it further enacted, That this act shall be in force from and af- ter the ratification thereof. CH!APT[ER{ IX[I. An act to incorporate the Washington Gold Miiiing Company, in the county of Mecklentinrg. Be it enactedby the General .dssembly of the State of North Carolina, and it is hereblj enacted bhthe authority of tlfe same, '['hat a gold mining company shall be established in this State by the name and style of the Washington Gold Mining Company, with a capital of one hundred and twenty five thou- sand dolars. in shares of one hundred dollars each, and that John Irwin, Jo- seph H. Wilson,Jesse B. Quenby and A. B, Quenby, or a majority of tihem. be, and they are hereby authorised to open books in the town of Charlotte, inthe county of Mecklenburg. and at such other places as they may direct, for the purpose of receiving subscriptions for shares in said company, having previously given twenty days' notice in some newspaper of the times and

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