About | HeinOnline Law Journal Library | HeinOnline Law Journal Library | HeinOnline
LOG IN
LOG IN

An Act to incorporate the Franklin Gold Mining Company. 1833-1834 64 (1833)

handle is hein.slavery/ssactsnc0151 and id is 1 raw text is: 64 LAWs OF NORTH CbR6lI?(A. XVI. Be It further enacted, That this act lall be in full force from and after the ratification thereof. An CHAPTEI mLXIV. An met to incorporate the Franklin Gold Mining Company. Be it enacted by the General .Assenbty if the tate oJ North Carolina, and it is hereby enacted by the authority of the same, '1Dhat a gold tnining company shall be established in the county of Mecklenburg, State of North Carolina, by the name and style of the Franklin Gold Mining Company, with a capital of one hundred and twenty five thousand dollars, in shares of twenty five dollars each; and that Williain Davidson, David J. Cald- well, James H. Blake, and all those who now are or shall hereafttr become their associates, are hereby authorised to open books at. Charlotte and such other places as theymay direct, for the purpose of receiving subscriptions for shares in the said company, having advertisedsuch intention i tihe Farmers' and Miners' Journal and-such other papers as they may deem ne- cessary for twenty days, and keel) said books open for ten days, with pow- er to re-otien the same in like mauner, if the amount of capital shall nut be subscribed. II. Be it further enacted, That the commissioners'under whom the books are opened for subscription, shall meet at the expiration of ten days after opening books as above provided, and compare their books, and if it shall be found that the sum of twenty thousand dollars shall have been subscribed, the aforesaid commission'ers shall forthwith advertise and re- quest a general meeting of the stockholders at such place and place as they shall appoint; and if stockholders representing a majority of all the stock subscribed shall attend said meeting, either in person or by proxy, the said stockholders may proceed to appoint five directors, one of whom shall be president of the company; anid the said directors shall be appoint- ed for the term of one'year, and until their successors are appointed. II[. Beit fui'ther enacted, That it shall be the duty of the directors within ten days after their appointment as aforesaid, to meet and appoint one of their own body president, and to execute skuch bonds as may be re- quired of them by the stockholders for the faithful performance of their respective duties while in office. IV. Be it further enacted, That %, hen the sum of twenty thousand dol. lars shall be subscribed in manner aforesaid, the subscribeis, their succes- sors and assigns, shall be, and are her#by declared to he incorporated into a company, by the name and style of the Franklio Gold Mining Company; and by that name inay sue- anti be sued, plead and be imlpleaded, before any court or justices of the peace, anti shall so continue for the term bf thirty years friom the ratification of this a, t; and shall be capable in law to have, purchase, receive, possess, enjoy and retain to them and their successors,. lands, rents, tenements, hereditaments, good. chattels and effects, of what. soever kind, nature and quality; and the same to sell, grant, alien or dispose of; and shall possess all the rights anti privileges of a corporation or body politic in law; and alsov may make, have. and use a common seal, and the same break, alter and renew at their pleasure; and may make all such bye laws, rules and regulations, not inconsistent with the constitution and laws' of the State, as shall be necessiry for the well ordering and conducting the affairs of the company.

What Is HeinOnline?

HeinOnline is a subscription-based resource containing thousands of academic and legal journals from inception; complete coverage of government documents such as U.S. Statutes at Large, U.S. Code, Federal Register, Code of Federal Regulations, U.S. Reports, and much more. Documents are image-based, fully searchable PDFs with the authority of print combined with the accessibility of a user-friendly and powerful database. For more information, request a quote or trial for your organization below.



Contact us for annual subscription options:

Contact Us

Already a HeinOnline Subscriber?

Log In

profiles profiles most