is situated outside of the corporate limits of the town, shall have the option to select his two commissioners from amongst any of the freeholders of the county of Iredell. men to make Police empowprocesses of mayor any where in Iredell county. Section 14 of ered to execute Sec. 6. That the board of aldermen shall have power to make Power of alder. and provide ordinances, by-laws, rules and regulations in order ordinances, etc. to protect any of the said systems of improvements referred to in this act, and to this end the jurisdiction of the said city shall be extended beyond the corporate limits of the town and extend over any lands, streams or property condemned and used for public improvements as aforesaid or connected with them in such way as to be necessary for their enjoyment, and the police of the city shall have power to execute the process of the mayor anywhere in Iredell county to enforce the said rules and regulations. Sec. 7. That section fourteen of the amended charter aforesaid is amended so as to insert after the word "city," the last word in the said section, the following: "Provided, that the mayor of the amended. city of Statesville shall have jurisdiction over and power to try Jurisdiction any misdemeanors, the trial of which are conferred upon mayors of of mayor in such towns, which shall or may occur upon any of the property under the control of, belonging to, used by or connected with the city of Statesville for any of its public works, and also all such offenses as may be committed within one and one-half miles from the corporate limits of the city of Statesville, and any police officer of the city is hereby authorized to execute any precept of the mayor within the boundary of Iredell county. said charter Proviso. cases. Mayor and aldermen shall provide for holding elections. Sec. 8. That sections three to twelve inclusive of the said Sections 3 to 12 amended. amended charter shall be amended so as to add after the last word of section twelve the following: That the mayor and board of aldermen of the city of Statesville are hereby empowered to provide for holding any election for officers or other election for any purpose for the said city, to be conducted according to the provisions made in the said amended charter in the sections aforesaid or to be conducted by and under any general election law which may be enacted during the session of the present general assembly or according to the laws provided by any future general assembly: Provided, however, that no one shall be a qualified elector unless he has the qualifications mentioned in section eight of the said amended charter. Section 20 Sec. 9. It is further enacted that section twenty of the said amended charter be further amended by adding thereto the fol- amended. lowing: Whereas, the town of Statesville subscribed twenty-five thou- Preamble. Whereas, in eighteen hundred and eighty-five the town issued Aldermen empowered to issue coupon bonds. Interest. twelve thousand dollars of eight per centum bonds running twenty years for the purpose of refunding the unpaid portion of the said debt and for other purposes; and Whereas, a balance on this issue of eighteen hundred and eighty-five of about ten thousand dollars remains unpaid; now, therefore, In order to secure the validity of the said bonds and to obtain further time for the payment thereof, and to prevent oppressive taxation, it is provided: (1) That the board of aldermen of the city of Statesville are hereby authorized and empowered to issue coupon bonds bearing interest, payable annually, at a rate not exceeding six per centum per annum or such less rate as may be agreed on, to the Amount of bonds. amount of ten thousand dollars, in denominations not less than When bonds mature. Bonds, how signed. Said bonds may be exchanged. Guardians, etc., authorized to exchange same. Said bonds shall be destroyed as paid. Tax may be levied on property and polls. one hundred dollars nor more than one thousand dollars, to be made payable twenty years after the date of their execution, with a provision therein inserted that the said bonds may be paid or redeemed within a time not less than ten years after the date of their execution, at the option of the city. This period may, however, be lengthened or shortened by the board or the provisions omitted from the bonds, as the board may decide. The said bonds and coupons shall be signed by the mayor of the city and countersigned by the clerk, and shall be made payable at such place or places as the board may determine. (2) That the said bonds may be exchanged for the bonds now outstanding, issued for the purposes aforesaid, or if this can not be done they may be sold and the proceeds applied to the payment of the said outstanding bonds, or part sold and part exchanged, as the case may require or as it may be agreed upon; but none of said bonds shall be sold or exchanged at a less sum or rate than their par value. (3) That all executors, administrators, guardians, trustees and other persons acting in a fiduciary capacity who now hold or may hereafter hold or become possessed of any of the bonds of the said city above referred to, are hereby fully authorized and empowered to exchange the same for bonds issued under the provisions of this act. (4) That it shall be the duty of the mayor, a member of the board of aldermen, to be appointed by the board, and the clerk and treasurer, to destroy the said eight per centum bonds as they are paid or exchanged for as aforesaid, and the clerk and treasurer shall make a record of the bonds so destroyed and of all the bonds issued under this act. (5) That the board of aldermen of the said city shall levy a tax upon the property and polls upon the citizens of the city, maintaining the constitutional equation between property and polls, to provide for the payment of interest as it may accrue upon said bonds issued under this act, and in like manner provide for the payment of the principal of said bonds as they mature and become payable; and to insure the validity of the said bonds the board of aldermen are authorized to obtain the sanction of the Sanction of voters voters of the city of Statesville for the refunding of the bonds shall be obtained for refunding said aforesaid at any election they may order or provide for, agreeably bonds. to the sections of the constitution in this behalf ordained. rebond indebted (6) And the mayor and board of aldermen of the city of States- Aldermen auville are hereby generally authorized and empowered at any time thorized to to rebond the indebtedness, all or any part thereof, of the city of ness. Statesville whenever in their discretion they can do so, so as to issue coupon bonds bearing a lower rate of interest than those which are now existing against the city, and to this end they may provide for the issuing of bonds, at such rate of interest and running for such length of time as will inure to the best interest of the city: Provided, however, in doing so they obtain the requisite authority from the voters of the city of Statesville upon their said action, agreeably to the provisions of the constitution in this behalf ordained. Sec. 10. That all laws or parts of laws in conflict with this act, Conflicting laws whether in the charter or amended charter of the town or in teh repealed. general laws of the state, are hereby repealed, and that this act takes effect from and after its ratification. Ratified the 28th day of February, A. D. 1899. CHAPTER 169. An act to incorporate "The L E. Davis Milling Company." Die General Assembly of North Carolina do enact : Section 1. That L. E. Davis, J. D. Davis, James W. Davis, Corporators. John L. Davis, and their associates and successors, be and are hereby declared to be a body politic and corporate under the name and style of "The L. E. Davis Milling Company," and shall Corporate name. so continue for a period of thirty years, with capacity to sue and Duration of be sued, to maintain and defend actions under its corporate charter. Corporate pow. name, to take,hold, buy, sell and convey real and personal prop. ers. erty, and to conduct, transact and carry on in its full scope and import a general milling business, with all the powers, rights, privileges and immunities hereby especially granted to enlarge. build and operate roller mills, corn mill and saw mill, and to erect dams for the purpose of operating the same, and may place machinery for converting lumber into all kinds of building material. Where located. Capital stock. Books may be opened for subscription. Election of officers. Seal. By laws and regulations. Individual liability of stock. holders Fees for services. Sec. 2. That "The L. E. Davis Milling Company" shall be located near Goshen, in Wilkes county, North Carolina. Sec. 3. That the capital stock of said milling company shall not be less than five thousand dollars divided into shares of one bundred dollars each, and by a two-thirds vote of the stockholders may from time to time be increased to an amount not exceeding thirty thousand dollars. Sec. 4. That the corporators named herein or a majority of them are hereby empowered to open books of subscription to the capital stock of "The L. E. Davis Milling Company" at such time and place and for such period as they shall determine, and the stockholders may organize at any time after five thousand dollars of stock has been subscribed and elect a president, a vicepresident, a secretary and treasurer and not less than three directors, one of whom shall be the president of the company. Sec. 5. That the president and directors of said company may adopt and use a common seal. and may alter the same at pleasure: may establish by-laws for the government of the company and may fix the compensation for the several officers, subject to the approval of the stockholders or a majority of them. Sec. 6. That owners of stock in this company shall not be individually liable for any contract, indebtedness or liability of this company. Sec. 7. That said milling company is entitled to charge such tolls for grinding grain as are allowed by law, and for sawing lumber and furnishing material such price as may be agreed on between the company and their customers. Sec. 8. That this act shall be in-force from and after its ratification. Ratified the 28th day of February, A. D. 1899. Corporators. CHAPTER 170. An act to incorporate The J. C. and A. L. Cooper Farming and The General Assembly of North Carolina do enact: Section 1. That J. C. Cooper and A. T. Cooper, their associates, successors and assigns, be and they are hereby created a body corporate and politic by the name, style and title of "The J. C. and A. L. Cooper Farming and Distilling Company," and by that name and title shall be known, to exist for the term of sixty Corporate powers years, and may exercise and enjoy all the privileges, franchises and immunities incident to corporations; may sue and be sued, Corporate name. Duration of charter. and privileges. plead and be impleaded, complain and defend in all courts of law and equity of record and otherwise; may purchase, secure by gift or otherwise, hold and enjoy property, real, personal and mixed, of what kind and quality soever; may construct, build, erect such buildings, structures, works and improvements thereon as may be deemed proper, and may use, manage and maintain the same; may sell convey, mortgage, transfer, grant, lease, sublease and dispose of any portion or the whole of their property at such prices and on such terms as may be deemed proper; also to make and have a common seal and the same to alter and renew at pleasure, and adopt such by-laws as may be necessary for the government of said company. tions. Sec. 2 That the said corporation is hereby authorized and em- Nature of operapowered to conduct, transact and carry on in all its branches the manufacture and sale of ales, wines and liquors, either or all, of all descriptions whatsoever: to manufacture and sell ice in any quantity; to import, raise and səll cattle, horses, mules, hogs and sheep of any or all breeds. and to conduct a general farming business; and the said corporation may buy and sell and deal in goods, wares and merchandise of every description and kind at its own will and pleasure. Sec 3 The capital stock of said company shall be one thou- Capital stock. sand dollars ($1,000), with liberty to increase the same from time to time to any sum not to exceed three hundred thousand dollars, to be divided into shares of one hundred dollars ($100) each. Sec. 4. That the corporators and stockholders of said corpora- Individual liability of stocktion and their successors and assigns shall not be individually or holders. personally liable or responsible for the debts, liabilities, contracts or engagements of the corporation. business. Sec. 5. That the principal place of business of said corporation Principal place of shall be at their place of business near Brevard, Transylvania county, North Carolina, with power and authority to establish such other places of business as said corporation may desire, if not otherwise prohibited by law. Affairs of corporation, by whom managed. Sec. 6. That all property and estate owned by said corporation Liability of propshall be liable for taxes according to assessed value, and the taxes erty for taxes. thereon shall be given in and paid by the corporation and not by the several stockholders or parties owning stock therein Sec. 7. The affairs of said corporation shall be managed by a president and two directors, to be elected annually and to hold office until their successors are elected and qualified, and said directors shall have power to fill any vacancy that may occur. Sec. 8. The officers of said corporation shall be a president and officers. secretary and treasurer (and the same person may be secretary and treasurer), and the said officers shall be elected annually at |