Date of such meeting may be ⚫hanged. Temporary officers of corporation. Secretary and treasurer, election of. other business as may properly come before the meeting, but the date of such annual meeting may be changed by a vote of the majority of the stockholders at a meeting, regular or called, and a meeting of the stockholders for general or special purposes other than the election of officers may be held upon the call of the president and board of directors or by a majority of them. At all regular meetings or called meetings the stockholders representing a majority of the capital stock of the corporation which is taken shall constitute a quorum for the transaction of business which may come before the meeting. Each and every stockholder shall be entitled to one vote for each share of stock owned by such stockholder. Sec. 7. The following-named persons shall fill the offices provided for in section five of this act until the first Saturday in August above mentioned and until their successors are elected and qualified as provided for: C. W. Phipps shall hold the office of president; W. C. Goss, that of vice-president; J. L. Banner, that of secretary and treasurer; W. V. Callaway, that of general manager; J. A. Woody, J. H. Blalock, W. Aldridge, Joseph Phipps and M F. Presnell, that of directors. Sec. 8. The secretary and treasurer of this corporation shall be elected by the stockholders annually and shall hold his office for the term of one year and until his successor is elected and quali fied as above provided for, unless he shall sooner be removed Required to give from office by the board of directors. He shall give bond with bond. May make, alter and repeal bylaws. Mode of filling vacancies. Individual liability. Duration of corporation. full and sufficient surety, to be approved by the directors, for the faithful performance of the duties of his office, for the proper accounting for all moneys which may come into his hands as treasurer, and for the proper application of the same. Sec. 9. The corporation shall have the right, by a majority vote of the capital stock which is taken, to adopt, make, alter and repeal such by-laws as may be necessary for the proper government of the corporation and for the prosecution of business not in conflict with the provisions of these articles of incorporation or the laws of this state. Sec. 10. The stockholders may prescribe by the by-laws a mode of filling vacancies which may occur in any of its offices or directors by death or otherwise. Sec. 11. The stockholders of the said corporation shall not be individually liable for any of its debts, obligations or other liabilities. Sec. 12. That the duration of the corporation hereby created and the powers herein granted shall continue for a period of thirty years. Sec. 13. That this act shall be in force from and after its ratification. Ratified the 6th day of March, A. D. 1899. CHAPTER 192. An act for the relief of the commissioners of the town of Bakersville. The General Assembly of North Carolina do enact: collect arrears of taxes for 1896. Section 1. That John S. Wilson, John Dail and John Riddle, Commissioners the present board of commissioners for the town of Bakersville, of Bakersville empowered to be and they are hereby authorized and empowered through their proper officers to collect the back taxes due the said town of Bakersville for the year eighteen hundred and ninety-six and for the year eighteen hundred and ninety-seven. This act to apply only to the corporation tax due the town of Bakersville. Sec. 2. This act shall be in force from and after its ratification. CHAPTER 193. An act to incorporate the Grand Commandery of Knights Templar of The General Assembly of North Carolina do enact: Section 1. That the officers of the Grand Commandery of Corporators. Knights Templar of North Carolina, to-wit: Mumford D. Bailey, grand commander; Walter E. Storm, deputy grand commander; William F. Randolph, grand generalissimo; James D. Bullock, grand captain general; James D. Miller, grand prelate; DeWitt E. Allen, grand senior warden; John C. Drewry, grand junior warden; William Simpson, grand treasurer; Horace H. Munson, grand recorder; Arthur J. Wills, grand standard bearer; James K. Norfleet, grand sword bearer; Ferdinand Ulrich, grand warder; Robert H. Bradley, grand sentinel, and their successors in office, shall be and they are hereby incorporated and made a body politic or corporate under the name, style and title of the Body politic. Grand Commandery of Knights Templar of North Carolina in Corporate name. said state of North Carolina, and by that name may have succession, a common seal, sue and be sued, plead and be impleaded in Corporate powany of the courts of the state; contract. be contracted with, acquire, hold and dispose of personal property and real estate as may be required for the convenient transaction of business, and have all such powers as are necessary for corporations to transact business. ers. pass by-laws, Sec. 2. That said corporation, having passed all necessary by- Empowered to laws and regulations necessary for the government of said Grand regulations, etc. Commandery of Knights Templar, and the same not being in consistent with the constitution of North Carolina and its laws Sec. 3. This act shall be in force from and after its ratification. Corporate limits of Roxobel altered. Temporary officers. Powers conferred on officers. CHAPTER 194. An act to alter the limits of Roxobel, in Bertie county. The General Assembly of North Carolina do enact : Section 1. That the corporate limits of the town of Roxobel, in Bertie county, be and they are hereby included within the following limits, to-wit: Commencing at a point on the road leading from Roxobel to Jackson, one thousand yards from the crossroads at Roxobel, and thence turning to the right at right-angles with said road and running one thousand yards, and thence turning to the right and at right-angles and running two thousand yards, and thence at right-angles turning to the right and running two thousand yards, and thence at right-angles turning to the right and running two thousand yards, and thence turning to the right and running to the first station on the Roxobel and Jackson road, a distance of one thousand yards from the said cross-roads at Roxobel. Sec. 2. That until an election can be held in said town, under the law now regulating elections of town officers in chapter sixty-two of The Code, the following shall be the officers of said town, to-wit: W. J. Watson, mayor; J. B. Sadler, constable; Leroy Capehart, J. H. Liverman and E. B. Hardy, commissioners, who shall qualify and hold their offices until their successors are elected and qualified, and they are hereby clothed with all the powers conferred on such officers by the act of the general assembly creating said town and by chapter sixty-two of The Code. Sec. 3. That said officers shall have the same powers as are conferred on the officers in the act incorporating said town, and that no liquor shall be sold in said town until the petition asking for license shall be endorsed by the board of town commissioners in regular session, and that all laws in conflict with this act are repealed. Sec. 4. This act shall be in force from and after its ratification. CHAPTER 195. An act to authorize the city of Fayetteville to establish and operate a system of waterworks and sewerage, and to issue bonds therefor. Whereas, by reason of its revenues from other sources and because under the provisions of chapter one hundred and fifty. three (153) of the private laws of eighteen hundred and ninetythree (1893), and the act amendatory thereof, passed by the general assembly of eighteen hundred and ninety-nine 1899), entitled "An act to amend chapter one hundred and fifty-three (153) of the private laws of eighteen [hundre 1] and ninety-three," etc., and ratified on January twenty-sixth, eighteen hundred and ninety-nine, sufficient taxes are now levied and not otherwise appropriated to amply provide for the payment of the interest on the coupon bonds hereinafter provided for as it falls due and to create a sinking fund sufficient to fully pay off said bonds as well as to meet all the other obligations aud liabilities of the said city: The General Assembly of North Carolina do enact: Preamble. Section 1. That the city of Fayetteville, through its board of Fayetteville em. aldermen or their legally constituted agent or agents, be and is powered to establish system of hereby authorized and empowered to establish and maintain a waterworks. system of waterworks and sewerage, either or both, for the use of the said city and its citizens and of persons living in its suburbs, and to that end may purchase, hold, establish, maintain and operate all necessary lands, works, machinery and appliances wherewith to furnish a sufficient quantity of pure and wholesome water and a proper system of sewerage, either or both. Sec. 2. For the foregoing purpose it shall be lawful for the said May issue and the city of Fayetteville to issue and sell at a price not less than sell bonds par the coupon bonds of said city to an amount not exceeding Amount of issue. sixty thousand dollars ($60,000), said bonds to be in denomina tions of one hundred dollars ($100) and five hundred dollars ($500), and to run for a period of thirty years from the issue of the same, Date of maturity. and to bear interest at a rate not exceeding six per centum per Interest. annum, payable semi-annually on the first (1st) day of June and December of each year after their issue. Sec. 3. Said coupon bonds shall be consecutively numbered and Bonds, how signed by the mayor and clerk of the city of Fayetteville, and it numbered, etc. shall be the duty of the said clerk to keep an accurate account of the same able as taxes. Sec. 4. The coupons of said bonds shall be receivable by the Coupons receivtax collector and treasurer of the city of Fayetteville in payment of all taxes and dues to the said city. Sec. 5. It shall be lawful for the said the city of Fayetteville, May provide a system of sewerage City authorities shall levy annual tax to create sinking fund. Excess from rentals. Sinking fund shall not be used for other purpose. Administrators and others may invest funds in said bonds. Committees in addition to supplying the public demands of said city as here inbefore provided, to provide water and sewerage, either or both. for private use at a uniform rate to be prescribed by the board of aldermen of said city, and the receipts arising from such ren tals shall be kept by the treasurer of the said city and shall be applied to the payment of interest on said bonds as the coupons may fall due, and to the further purpose of creating a sinking fund of two thousand dollars ($2,000) per annum, which sinking fund it shall be the duty of the authorities of said city to lay aside annually from any funds in the treasury not otherwise appropriated, and from any surplus arising from said rentals in excess of amounts sufficient to pay the interest on said bonds. And the sinking fund above provided for may be temporarily applied to the payment of operating expenses of said waterworks plant or sewerage plant, either or both, as the case may be, and any deficiency in amount necessary for the payment of either interest, sinking fund or operating expenses of said system shall be paid from the current tax receipts of said city and shall be charged as necessary "water expense"; and to this end the twenty (20) per centum of the tax now levied for the benefit of the city of Fayetteville for water purposes under its charter may be used. Should there be any excess from private rentals over the amount necessary to pay said interest, sinking fund and operating expenses, such excess shall be used for the payment of the ordinary expenses and liabilities of said city. Sec. 6 It shall be unlawful for the authorities of the said the city of Fayetteville to use the sinking fund herein provided for otherwise than as above provided for. and it shall be the duty of the board of audit and finance of said city to safely invest, at not less than the legal rate of interest, annually, the sinking fund herein provided for under the advice of the city attorney, or said board of audit and finance may purchase, at a price not exceeding the face value of said bond or bonds, any of the outstanding bonds herein provided for from any person desirous of dispos ing of the same. Sec. 7 All administrators, executors, guardians and other persons acting in a fiduciary capacity are hereby authorized and empowered to invest the funds intrusted to them in said bonds. Sec. 8. The board of aldermen of the city of Fayetteville in the shall be appointed event of the erection or purchase of a waterworks plant provided to select site for plant, etc. for in this act shall appoint three freeholders of the city of Fayetteville who, with the assistance of the city engineer, shall locate the site for said waterworks plant and who shall survey, map out and designate with proper metes and bounds an ample watershed to secure the purity of the water flowing and draining into |