Corporate pow ers. Capital stock. Rights and privileges. May open books for subscriptions to capital stock. and privileges conferred upon corporations by chapter sixteen of The Code, entitled "Corporations," and all acts amendatory thereof. SEC. 2. That said corporation may buy and hold such lands as may be necessary for the purpose of its business, not exceeding ten thousand acres; may purchase standing timber, may sell and convey the same; may sell, mortgage or otherwise dispose of its lands; may construct, own and operate sawmills, planing mills and all kinds [of] wood-working machinery and appliances; may purchase or otherwise legally acquire from Gustavus Milhiser and T. K. Parrish all such rights, privileges, franchises and property, real, personal and mixed, as was sold to them under the order of the superior court of Camden county, state of North Carolina, and may control and operate the railroad lately owned by the Norfolk and Camden Railroad Company as at present located, which was sold to Gustavus Milhiser and T. K. Parrish under the order of court aforesaid, and may pay for the same in shares of its capital stock. SEC. 3. That the capital stock of said company shall not be less than fifteen thousand dollars, and may be increased from time to time by a vote of the stockholders to a sum not to exceed one hundred thousand dollars. The shares shall be of the par value of one hundred dollars each, and the stockholders shall not be individually liable for the debts or liabilities of the corporation. SEC. 4. That said property shall have all the rights and privileges conferred on railroads and be subject to all the liabilities imposed on them by the general laws of the state of North Carolina, and nothing in this act contained shall be construed as depriving said company of said rights and privileges. SEC. 5. That the persons named in section one of this act shall have power to open books of subscription to the capital stock, and when the same shall have been subscribed and paid for in money or property, may call a meeting of the stockholders and organize the company. Until the election of directors the persons named in section one shall constitute the directors of the company and all vacancies shall be filled by the board of directThe principal office of the company and the place of holding the meetings shall be determined by the stockholders and may be in the city of Richmond, in the state of Virginia. ors. SEC. 6. This act shall be in force from and after its ratification. CHAPTER 144. An act to amend chapter two of the private laws of one thousand eight hundred and ninety-one, incorporating "The Great Falls Water Power Manufacturing and Improvement Company." The General Assembly of North Carolina do enact: Section 3, chapter Water Power When shares of stock exceed assets, they may SECTION 1. That section three (3) of chapter two (2) of the private laws of eighteen hundred and ninety one, entitled "An act to declare The Great Falls Water Power Manufacturing and Improvement Company" a duly incorporated company, and to Manufacturing and Improveamend and enlarge its charter, be amended by adding thereto ment Company, the following sentence, to-wit: "If the number of shares issued amended. or authorized to be issued shall at any time legally exceed in amount the value of the property and assets of the company, the same may from time to time be scaled and reduced to such a number as the stockholders at any special meeting called for that be scaled. purpose and at which four-fifths of the capital stock is represented, may authorize and prescribe: Provided, that the capital Proviso. stock shall never be less than two hundred thousand dollars: Maximum capiProvided further, that at the time the reduction is made the amount to which the capital stock is reduced shall not be below their assessed value for taxation of the property of the company. SEC. 2. That this act shall be in force from and after its ratification. Ratified the 28th day of February, A. D. 1899 tal stock. CHAPTER 145. An act to amend an act entitled "An act to incorporate The Biddle University," etc., ratified the eighth day of February, eighteen hundred and eighty-seven. The General Assembly of North Carolina do enact: vate laws of 1887, incorporating Biddle University, amended. SECTION 1. That chapter seventeen (17) of the private laws of Chapter 17, prieighteen hundred and eighty-seven, being an act to amend an act, entitled "An act to incorporate The Biddle University." etc., ratified the eighth day of February, eighteen hundred and eightyseven, be amended by adding thereto the following: That the board of trustees of the said university are authorized and empowered to establish schools in the said university for the pur- Schools of medipose of educating and qualifying students for any of the learned cine, law, etc, professions, including that of the law and medicine: Provided, lished. that the requirements for graduation of said school of medicine may be estab. Proviso. be approved by "the board [of] medical examiners of the state of North Carolina." Also to establish training schools in inechanics and agriculture, and to establish, carry on and conduct such other schools as are usual in the universities in the United States, although express power so to do may not be specifically granted in this act. SEC. 2. That this aot shall be in force from and after its ratification. Ratified the 28th day of February, A. D. 1899. orporators. Body politic. Purpose of cor- Corporate pow ers. Rules and regulations. Term of office of trustees. Election of trustees by mass meeting of citi zens. CHAPTER 146. An act to incorporate the Sylva High Training School in Jackson county, The General Assembly of North Carolina do enact : SECTION 1. That M. D. Cowan, A. B. Dills. E. P. Lewis, L. W. Allen, John Bumgarner, C. W. Allen, A. L. Ensley, H. D. Welch, and the two public school committeemen of Sylva township. R. A. Painter and J. W. Divelbiss and their successors in office, and the successors of the first named eight, who may be elected as hereinafter provided, be and the same are hereby created a body politic and corporate under the name and style of the "Sylva High Training School" for the purpose of establishing and maintaining a high training school at Sylva, in Jackson county, North Carolina, with the privilege of a common seal, to be altered at their pleasure, and with power in their corporate name to sue and be sued, plead and be impleaded, contract and be contracted with, hold real estate and personal property by purchase, donation or otherwise as they may consider necessary or convenient for the establishment and maintenance of said Sylva High Training School, not to exceed twenty-five thousand dollars, and make all rules, regulations, by-laws and agreements needful or necessary for the government of their body and the said Sylva High Training School, and for carrying into effect the aforesaid purposes of their institution and do all other acts pertaining to similar corporations and not inconsistent with the laws of this state or of the United States. SEC. 2. That the terms of office of the eight trustees named in section one of this act shall be one year from the date of its incorporation by this general assembly and until their successors are elected. SEC. 3. That the election of the eight trustees provided for in section one of this act shall be by a mass meeting of the citizens on the first Monday in May, nineteen hundred, and every two prescribe course years thereafter, and that said trustees shall have power to elect a president and secretary of the board from among their number. SEC. 4. That said board shall have power to prescribe a course Board of trustees of study for "Sylva High Training School" and to change the empowered to same at any time deemed proper; and upon the completion of of study. said course of study so provided it shall be the duty of the principal of said "Sylva High Training School" to give to the student so completing said course a certificate of proficiency. receive dona SEC. 5. That said board of trustees shall have power to receive Trustees may by donation, gift or otherwise any money or property of any tions, etc. kind or nature and disburse the same for the benefit of the said "Sylva High Training School." SEC. 6. That the said board of trustees shall have power to Election of elect a principal teacher in said "Sylva High Training School," principal, and as many assistants, either male or female, as may be necessary to carry on the said school. SEC. 7. That the individual property of the aforesaid trustees Individual shall not be liable for the debts of said corporation. SEC. 8. That it shall be unlawful for any person or persons to sell any spirituous, vinous or malt liquors within two miles of said Sylva High Training School. liability. Sale of spirituous liquors within two miles of said school a misde meanor. SEC. 9 That any five members of the said board shall consti- Quorum.; tute a quorum for the transaction of any business coming before said board. SEC. 10. That any person violating the provisions of section Violations of eight of this act shall be deemed guilty of a misdemeanor and provisions of this fined or imprisoned in the discretion of the court. SEC. 11. That this act shall be in force from and after its ratifi cation. Ratified the 28th day of February, A. D. 1899. act a misdemeanor. CHAPTER 147. An act to amend the charter of The Town of Columbia. The General Assembly of North Carolina do enact: of Columbia. SECTION 1. That The Town of Columbia shall be and continue, Corporate pow. as heretofore, a body politic and corporate, and by the corporate ers of The Town name of "The Town of Columbia," may purchase and hold for the purpose of its government, welfare and improvement all such estate, real and personal, as may be deemed necessary therefor, or as may conveyed, devised or bequeathed to it, and the same may, from time to time, sell, dispose of and reinvest as shall be deemed advisable by the proper authorities of the corporation. SEC. 2. The corporate limits of The Town of Columbia shall Corporate limits. Annual elections. Mayor and commissioners. Election, how held. Persons entitled to vote. Result of election, how declared. hereafter be defined and located as follows: Beginning on the east side of the Scuppernong river, at the mouth of a ditch or canal, known as the William McCleese ditch, thence southwestwardly up and along the margin of the Scuppernong river one hundred and ten poles to a large cypress bearing two chops on the south side and two chops on the north side; thence south fifty-six degrees east fifteen poles to a cluster of three small marked cypresses; thence north eighty-two degrees east, fortynine and one-half poles to the southeast corner of the lot whereon Thomas J. Davenport now lives; then north thirteen and onehalf poles to the north corner of said lot; thence north seventyseven degrees east along a new street ten poles to the east side of Back street; thence north twenty-five degrees east along Back street fifteen poles to a post on the east side of Back street; thence east sixty poles to the Martha Fouso road; thence north eightyfive poles to William McCleese ditch or canal; thence along said ditch or canal westwardly to its mouth at the Scuppernong river, the place of beginning. SEC. 3. There shall, on the first Monday in May in each and every year, be elected by the qualified voters of the town of Columbia, a mayor and five commisioners, who shall be residents within corporate limits of said town of Columbia and qualified voters therein. SEC. 4. That the election above provided for shall be held under the same rules and regulations as elections are now or may be hereafter held for members of the general assembly, except as herein provided, and every citizen residing within the corporate limits of The Town of Columbia, who may be qualified to vote for member of the general assembly if an election year for members of the general assembly (or would [be] qualified if it was an election year for members of the general assembly), shall be entitled to vote for one mayor and for five commissioners; each elector shall vote one ballot on which shall be placed the names of the persons voted for, either written or printed, and of the persons voted for as mayor, the one who shall receive the greatest number of votes cast at said election shall be declared elected mayor of The Town of Columbia, and of the persons voted for as commissioners, the five who shall have received the greatest number of votes cast shall be declared elected commissioners of The Town of Columbia. Immediately upon the result of the election being ascertained by the judges thereof, it shall be their duty or the duty of any one of them thereto authorized by the others, to make proclamation at the door of the house in which the election was held, and then and there declare the result of the same. It shall also be the duty of the judges within the next twenty-four hours thereafter to |