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An Act to incorporate the Hope Gold Mining Company, in the county of Mecklenburg. 1835 89 (1835)

handle is hein.slavery/ssactsnc0168 and id is 1 raw text is: TAWS OF NORTH CAIOLINA. V. Be it further enacted, That any legal process against said 6o4poraf ion may be served on the president thereof, or in case of his absence from the State service of the same on any director, or if there be no director in the State, then service on any stocklholder, shall be sufficient, and the property of said corporation shall be liable to the satisfaction of the debts of said corporation, by execution, at* tachment or other equitable process. VI. Be it further enacted, That this act shall be in force, from and after the ratification thereof. CHAPTER XCVI. AN ACT to incorporate the lope Guldi bing Company, in the county of Mecklenburg. lie it enacted by the General Assenbly of Ike State of Nor Carolina, and it is hereby enacted hy the authority of the same, That a- Gold Mining Corrr pany, shall be established in the county of Mecklenburg, in the State aforesaid, by the name and style of the Elope God Mining Company, witha capital of one hundred thousand dollars, to be divided into shares of one hundred dollars each, making in the whole one thousand shares. II And bt' it further enacled, That John Delafi.ld, Joseph Mos s, A. A. Mel- ley, E. N. Qregory, Silas M. Stilwell, H. F. Talinadge, Thomas J. Chew, Jas. N. Hyde, Conklin Brush, William Davidson, John Williams and John Stearns, shall be the first directors of the said company, and they, and their successors and as- signs, shall be, and they are hereby declared to be incorporated into a company by-the name and style of the Hope Gold Mining Conpany, and by that name, may sue and be sted, implead and be impleaded, before any court, or Justice of the peace, and shall so continue for the term of thirty years, from the ratification of this act, and shall be capable in law, to have, purchase, receive, possess, enjoy and retain, to them and their successors, lands, tenomients, heredituments, goods, chattels and eflects, of whatsoever kind, nature and quality; and the same to sell, grant, demise, alien, or dispose of; and shall possess all the rights and privileges of a corporation, or a body politic in law, and also, may make, have and use a common seal, and the sane, break, alter and renew at their pleasure, and may make and ordain all such bye laws, rules and regulations, not inconsistent with the constitution and laws of the State, as shall be nccessary for the well ordering and conducting the aflairs of the company, 1II. And be it further enacted, That within six months after the tatification of this act, it shall be lawful for the directors of stid compny to subscribe for the whiole amount of the before mentioned capital, and when they have paid, or have secured to be paid by good and sufficient securities fifiy thousand dollars, certifi- cates of stock shall be issued; and the directors of said company, may require the balance of said capital, to be paid from time to time, in such instalments, as they may deem necessary, for the purpose of prosecuting the buisiness of the com- pany, and any person failing to pay the instalments clled for, after thirty days notice shall have been given in one or more of the newspapers published in the aforesaid county, shall forfeit to the stockholders all dividends, that may be de- clared from time to time until the instalmerit4 are paid. And be it further enacted, That when the aforesaid sum of fifty thousand dol- lars shall have been paid, or secured as aforesaid, it shall be lawful for the said, corporation to commence business. V. And he it further enacted, That the before mentioned directors shall as soon as may be, after the possing of this net, and the directors hereafter to heo chosen at every annual election, as soon as may be alter such election, proceed to- choose one of their number as president,. who shall preside until the next annual. elestion; anl in caso of death, resignation, or inability to serve, of the president, or an drector, such varancy or vacancies may be filled by the board of directors. and the said president and directors shall hold their ollice until others aro rgega' larly chosen to fill their places. 12 Digitized from Best Copy Available

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