Corporate powers of mayor and town.

Limitation to tax rate.

Bonds may be required.

When officers appointed shall qualify.

Shall vote at all elections.

voters within the limits of said town shall be such as are prescribed by law.

Sec 5. The mayor of said town and the said commissioners shall have all the rights and privileges conferred upon incorporated towns by chapter sixty-two of The Code of North Carolina; shall have power to elect all necessary officers herein provided and agents, and to fix their compensation and also to fix the compensation of the mayor of said town; shall have power to pass and enforce all necessary by-laws and ordinances for the government of said town not inconsistent with the laws of this state or the United States; shall have power to levy a tax on all objects of taxation as provided by law not to exceed sixteen and twothirds cents on the hundred dollars worth of property and fifty cents on the poll, and to impose fines for the violation of the town ordinances and collect the same for the use of the town; to require bonds from their officers and agents for the faithful performance of their duties.

Sec. 6. That it shall be the duty of the officers appointed in this act to qualify before some justice of the peace of Beaufort county within thirty days from its ratification and to take the oath of office prescribed for such officers, and to enter upon the discharge of their duties.

Sec. 7. That in all national, state, county and township elections hereafter held the citizens of the town of Leechville shall vote within the precinct and at the place provided under the general laws, regardless of the incorporation of said town under this act.

Sec. 8. That this act shall be enforced from and after its ratification.

Ratified the 4th day of March, A. D. 1899.

CHAPTER 178.

An act to amend the charter of the town of Blowing Rock, North
Carolina.

The General Assembly of North Carolina do enact :

Section 1. That the charter of the town of Blowing Rock, North Carolina, be and the same is hereby amended so as to confer upon the board of aldermen of said town the right to adopt ordinances and make rules with respect to the sanitary condition of said town, such ordinances made for the purpose aforesaid to apply to all territory within two miles of the incorporate limits of the town, and to be enforcible under the same penalties and

forfeitures as if in the corporate limits aforesaid: Provided, that Proviso.
no ordinance regarding the sanitary condition of the said town of
Blowing Rock, enacted by the said board of aldermen of said
town regarding property situated without the corporate limits of
said town, shall be enforced or enforcible until the same shall be
approved by the state board of health.

age.

Sec. 2. That for the purpose set forth in section one the said Ordinances board of aldermen are empowered to make and adopt ordinan- regarding sewerces with respect to the sewerage of all hotels, livery stables. boarding houses or other buildings within the limits set forth in section one of this act.

Sec. 3. That this act shall be in full force and effect from and after its ratification.

Ratified the 4th day of March, A. D. 1899.

CHAPTER 179.

An act to incorporate "The Wilmington Underwriters Insurance
Company."

The General Assembly of North Carolina do enact:

Corporators.

ers.

Section 1. That P. L. Bridgers, J. W. Norwood and N. B. Rankin, and all other persons who may hereafter be associated with them in the name and style of "The Wilmington Underwriters Corporate name. Insurance Company," are hereby constituted a body politic and corporate, to have succession for ninety-nine years, and by that Corporate powname to sue and be sued, appear, prosecute and defend in any court or place whatsoever, and may have and use a common seal, and may hereafter change and renew the same at will, and may purchase and hold such real and personal property as may be deemed necessary to effect the objects of this association, and may sell and convey the same and [at] pleasure, and may make, establish and put in execution such by-laws, ordinances and resolutions, not being contrary to the laws of this state and of the United States, as may be necessary or convenient for the regulation, government and management of their affairs, and do and execute all such acts and things as may be necessary to carry into effect the provisions of this act.

Sec. 2. That the affairs of this company shall be governed and managed by a board of directors, consisting of the president and not less than three nor more than thirteen members or stockholders, as may be regulated by the by-laws of the company; and the president, who shall be ex officio a member of the board of directors, and a majority of the directors, shall constitute a quo

Affairs of comany governed

by directors.

dent and directors.

Election of presi- rum for the transaction of business. The president and directors shall be elected at the regular annual meeting of the stockholders and shall hold office for one year and until their successors are elected. The board of directors shall elect all such other officers as may be prescribed by the by-laws of the company, and shall have power to fill all vacancies occurring [in] the office of president, director or any other office by death, resignation or otherwise until the next regular election.

Capital stock.

Sec. 3. That the capital of the said corporation shall be twentyfive thousand dollars, with full power and authority to increase May be increased. the same from time to time, as may be deemed expedient by the stockholders, to the maximum of two hundred thousand dollars; said stock shall be divided into shares of one hundred dollars each, and shall be payable by each subscriber in the manner and form prescribed by the board of directors of said corporation.

Directors may invest stock.

May issue policies of insurance.

Empowered to represent foreign companies.

Individual

liability.

Books may be opened for subscription.

Sec. 4. That the board of directors shall have full power to invest the capital paid in and all moneys coming into the possession of the company in real or personal estate, bonds, mortgages, gold, silver, stocks or securities of any description, and have power to sell and convey the same or change the character of the investments from time to time as the interest of the company may require.

Sec. 5. That this company may issue policies of insurance, duly signed by its president and secretary. against loss or damage by fire, lightning, wind or tornado, or any other insurance whatsoever that the board of directors may deem proper, including life, fire, marine and accidental insurance, and this company is hereby vested with all the power that any insurance company has or may have to transact business in this state, and they may charge such premiums as may be agreed upon by this company and the parties insured.

Sec. 6. That said company shall have power to represent as agent any life, fire, marine or accident insurance company organized outside of the state of North Carolina.

Sec. 7. That the stockholders of said corporation shall not be personally liable for any debt of said company nor for any loss, damage or responsibility incurred by said company.

Sec. 8. That the above-named persons or a majority of them are hereby authorized to open books of subscription to the capital stock of said company in the city of Wilmington and elsewhere in their discretion, and as soon as the capital stock shall have been subscribed for to the amount [of] twenty-five thousand dollars and fifty per centum thereof has been paid in to them in cash, to call a meeting of said subscribers, who shall proceed to organize said company and elect from their number a president and directors to serve until the first annual meeting of the stock

holders and the election of their successors; and the said company, upon its organization as aforesaid, is hereby authorized to commence business.

Sec. 9. That nothing herein contained shall be so construed as to prevent this company from receiving any of the benefits of or from complying with any general insurance law now in force or that may hereafter be enacted.

Sec. 10. That this act shall be in force from and after its ratification.

Ratified the 4th day of March, A. D. 1899.

CHAPTER 180.

An act to amend the charter of the town of Kinston, in the county of
Lenoir, North Carolina.

The General Assembly of North Carolina do enact :

governing cities

and town incon

sistent with this act repealed.

Section 1. That the general laws of the state in regard to towns General laws and cities so far as the town of Kinston, in the county of Lenoir, is concerned, inconsistent with this act and all special laws and charters in relation to said town are hereby repealed; and the said town of Kinston shall in the future be governed by the provisions of this act and the general laws of the state in relation to towns and cities not inconsistent herewith which are now in force or which may hereafter be enacted, together with such by laws, ordinances, rules and regulations as the board of aldermen of said town of Kinston may at their election from time to time make, pass or euact: Provided, however, that such repeal shall not in any manner invalidate the election of the present mayor and aldermen and other officers acting in said town, or any of the acts, by-laws, ordinances, rules or regulations of said mayor and aldermen which they had authority to pass by the laws heretofore in force for the government of the said town.

Sec. 2. Corporate limits of said town shall be as follows: Begin Corporate limits. at about a corner of a ditch in A. Mitchell's field and run east parallel with old line forty-seven (47) chains twenty (20) links to Coast Line Railroad; thence south five degrees six minutes, thirty seconds west to Lower Hill road thirty-one (31) chains; thence east fifteen (15) degrees north nine (9) chains twentyseven (27) links to a ditch; thence east eleven (11) degrees thirty (30) minutes south five (5) chains twenty-seven (27) links to a post; thence east six (6) degrees thirty (30) minutes south eight (8) chains fifty-four (54) links to Orion street; thence with Orion street south two (2) degrees west forty-two (42) chains seventy

five (75) links to Shine street; thence west five (5) degrees thirty (30) minutes north eleven chains to Atlantic and North Carolina Railroad; thence south thirty-seven (37) degrees thirty (30) minutes west with the railroad five (5) chains to a post; thence west sixteen (16) degrees thirty (30) minutes south to a fence in Stubb's field forty and a half (40%) chains; thence west twenty (20) deCorporate limits. grees north to north end of a bridge, eleven (11) chains forty-five (45) links; thence north thirty-eight (38) degrees west to a fence in J. G. Cox's field eighteen (18) chains twenty-three (23) links; thence north one (1) degree thirty (30) minutes east eleven (11) chains fourteen (14) links to the river bank; thence with the river to a stob on the river bank twenty-five (25) chains five (5) links; thence north four (4) degrees east forty five (45) chains seventy (70) links to corner of ditch in A. Mitchell's field, the beginning. Sec. 3. That the said town of Kinston shall be divided into three wards, denominated first, second and third wards.

Division of wards.

First ward.

Second ward.

Third ward.

First Ward-On the western side of the town the first ward shall begin at or near the corner of a ditch in A. Mitchell's field seven (7) chains and twenty (20) links north of the LaGrange road and run south four (4) degrees west to the river; thence with the river to a point just west of Harvey's mill; thence south one (1) degree thirty (30) minutes west to a point in J. G. Cox's field; thence southeast to northern corner of a bridge over a ditch in Stubb's field; thence east to an extension of Mellvane; thence north on Mellvane street to Bright street; thence west to Queen street; thence north to northern boundary of town; thence west to the beginning.

Second ward-Begin at northeast corner of first ward on Queen street, thence south with eastern boundary of first ward to Bright street; thence east to Mellvane street; thence south to southern boundary of town; thence east to a point on a ditch in Stubb's field; thence eastwardly sixteen (16 degrees thirty (30) minutes north to Atlantic and North Carolina Railroad; thence with the railroad northwest to Shine street; thence east on Shine street to Orion street; thence north with Orion street to Bright; thence west with Bright to East street; thence north with East to King street; thence west with King to Independence; thence north with Independence to Caswell; thence east to Atlantic and North Carolina Railroad; thence with railroad northwest to Independence; thence north with Independence to northern boundary of town; thence west on northern boundary to the beginning.

Third ward-Begin at northeast corner of second ward; thence south on Independence to Atlantic and North Carolina Railroad; thence southeast with railroad to Caswell; thence west with Caswell to Independence; thence south with Independence to King;