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.
![handle is hein.slavery/ssactsnc0169 and id is 1 raw text is: *a EAWS OF NORTH CAROLINA,'
enjoy all the rights and privileges of a corporation or body, politic, and tko.
to mike, have and use a common seal, and the same to break, alter and renew
at pleaqure: Provided, that the butiness of the company chall be confined tQ.
Ihe ];II poscs of mining.
V. He it further enacted, That the stockholders shall meet annually at such
tince, as the directors shall deem most convenient for the stockholders for the pOr-
pose of electing five directors from their own body, which directors shall appoint.
one of their own number as president, who with the other directors shall appoint
the other officers of the said company, and make rules and regulations for thQ.
management of the same.
VI. Be it further enacted, That any legal process against said corporalion
may be served on the presidcnt thereof, or in case he is out of the State, serv:ce
of t he same on any director, or if there he no director in the State then service on
any stockholder shall be sufficient. and the property of the cirporation of what.
vver kind or nature shall be liabl* to the satisfaction of the debts of said corpora.
tion, and be sulect to be levied on by execution, attachnent or other leg ml process,
and sold.
VII Be it further enacted, Tnat this act shall take effect, and be la force imn
mediately from and after the ratification thereof.
CHAPTER C.
,AN ACT to incorporate the Ancricani Gold Llining Company in Mecklenburg Countz
North Carolina.
Bie it enacted by the General Assembly of the State of .Nbrth Caroina,
and it is hereby enacted by the authority of the .wme, That a Gold N1initng
Company shall be establishd in thin Ununwy of .le' klenhurg statv nforrsaid by
the name and style of the American Gold Ilining Company, with a capital of not
less than one hundred thousand dollars nor more than one hundred and filly
thousand dollars, to be divided into one thousand shares ofone hundred dollars
each, or fifteen hnndred shares of one hundred eiach, as the case may be.
11 Be it further enneted, That Jintes N Hyde, Ed' ard N. Gregory, Conklin,
Brush, Henry Thomas, Jr., F lelly, Willian E. Randall, and John Harris,
shall be the first Directors o6 the said company. nnd that they and their successors
and assigns shall be and they are hereby declared to he incorporated into it com-
pany by the name and style of the American Gold Mining Company, and by th:it
uime may sue and be sued implead and be impleaded before any court or justice
of the peace, and shall so continue for the term of thirly years from the ratifica-
tion of !his act, and sha' hi npable in law to have, purclhase, receivi, possess, en-
joy find retain to them and o 'ir successors lands, tenements, hreditantents, goods,
chattles, or eflects, of whtnisoever knd, nature and quality, and the same to sell,
grant, demise, or dispose of; shall possess fill the r ights and privileges of a corpo-
ration or body politic in law, and also may make have and use a commron sen atld
the same break alter and renew at their piensure; and mny make and ordain all
uch bye laws, rules and regulations as are not inconsistent with the crnstitution
ad I -s of the st te ns shill be necessary for the well ordering and conducting
the afflirs of the Company.
11 1ttnd lie it luirithr enacted, That it shall be Inwful for the Directors of said
company to subscribe for the whole amount of th.- before mentioned cnpital within
six'y days after the ratification of this act, for which certificates of stuck shall be
issued ; and when twenly live thousand dollars shall have been paid, it shall be
lawful for the said corporation to commence business. The Directors may re-
quire the ba'ance of said capital to be paid from timv to time in such instainents
as they may deem necessary for the purpose of prosecuting the business of the
company, and any stockholdler failing to pay the instalents called for after thirty
.days noice shall have been given ijo one or more cells papers published in the
Digitized from Best Copy Available](ViewImageLocal?handle=hein.slavery/ssactsnc0169&div=1&collection=&method=preview&ext=.png&size=3)