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An Act to incorporate the North Carolina Gold Mining Company. 1834-1835 30 (1834)

handle is hein.slavery/ssactsnc0164 and id is 1 raw text is: 43a LAWS OF NOIR''II CAPOLINA. IX. Be it firther enacted, That all the prnporry of the aforesaid crprafat of whatever kind or nature, whether lands, negroes, machinery, Ntnck, maids, hadncl or other efiects, shall be liuble ti the satisfactionr of the debts t said corporation, and shall be subject to be levied on by execution, attachment, or other legal process, and sold. CHAPTER XLT. An AC'Tto incorporatl the North Carolina (oil Mhting Company. H7e it enacte by the General Assainbly of the S'tate of r N ih CaroiNu( afld it is hereby enaced by t authoirily fthe same, That a Gold Mining- Company alli be established in tie county of Mecklenburg, in tire Satedfrake, by the name and style of the * North Coruliva Gold Miting Comirpany, with a c'aIital of not less thou one hundred thousand dollar, nor more than one hundred and fifty thousand dollars, to be divided into one thousand shares if o*e hundred dollars each, or filkeen hurndrel shares of one hundred dollars eacht as the case may be. I. He it further enacted, That Edward N. Gregory, James N. fydle; Cunicklin Bush, Joseph Curti*, J. L. Mellit, P. 13. Gregory, and John Harrass shall be the first directors of said company; and that they nod their successors and assigns, siall-be, and they are harrby declared to be incorporated into'a company, by the name and style of the - North Carolina Gold Mining Cum. pany ;1 and by that nanme, may sue, and be stid ; imp ioud and be imlplenldeld, before any crri t or justice of the peace, and shall so continue for thu term o thirty years from the ratiflletion of this act;. and shall be capable in law to hve, purchase, receive, pissess, cnjoy ant retaiu, to thn, and their succeR- subr, lands, tenements. hereditainonts, goods, chattels, and eill*cts of whatsoevw. er kind, nature and quality ; and the saue to sell, grant, demise, alien or dis-. pose of : And shall. possess till the riglti alld privileges of a corporation, or a body politic in law ; and alw, many m ake, have and itse a conmon seal;, and the- same break, alter and renew at their ploasuro ; and may make andt ocdain all such by laws, rules and regulation rs, not iiCion si ent witIf tie Constitutlion an1d: laws of the State, as shill be necessary for the well ordlering arid conducting the afair of the coinpany. Il. Be it further Peacted, That within sixty days after the ratification of this act, it shall be lawful for the directors of said (onipany, to subscribe for the wholeamountof he biori- Inert ioned clpital ; aud when they have paid twinty five tlousand dollars, certificate, of stock shiall be issued, specilying the amount that has been paid on eaich snre; and thle iroctori of i iid cn ompany,. may ro. quire the balance of said capital to be paid from tilire to time, in such instal. ments as they miay deet necessary for the! purpose of prowecuting the business of the coernpaly. And whenever instal ments Ua 0 paid, new certificates of stock shall be issued, specifying the wflhole amount pa'd on oich share; and any per- son failing to pay the insteainwta liedi for, afier thirty days notice sthali have been given, in one or more of ihe News paperi, publisied in the atoreiaid coui-- ty, shall forfeit to the other btockholderi all dividenids that miay be declared from time to time, until tIt instalmnmis are paid. IV. Be it further enacted, That wihe the aforre'said sium of twenty-live thou. ied dollars shill have beein paid, it shall be lawful for the said corporation to commence burisiness. V Be it further enaoted. That the beforemetntinned directors shall as soonl as may he after the passing of this art, and tie directors nereafter to be choseu at every annual election, as soon as nony b afrer such election, proceed to choose one of their number as lr esidfent, who shall preside until tir rext. anual elec. tion; and in case of death, resiguation or inability to serve, of tire president ?t*

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