Sec. 3. The place of business of said corporation shall be at Place of business. Gastonia, in Gaston county, North Carolina. Sec. 4. That said corporation shall have the right to and may Seal. make and use a common seal, and alter the same at pleasure. manufacture cer Sec. 5. That said corporation is hereby authorized and empow- Empowered to ered to conduct, transact and carry on, in all its branches, the tain goods and manufacture of cotton, wool, silk and any and all other fibrous wares. and similar or kindred material into yarn, rope, cloth, or other merchantable product or products, the dyeing, bleaching, printing and finishing of such material and products, and carrying on any and all processes that may be thought to add efficiency, value or other desirable quality thereto; to gin cotton and to manufacture cotton seed, either alone or in connection with other material, into all such products as may be obtainable therefrom; the buying, selling and exchanging of all kinds of machinery, goods, wares and merchandise, including the purchasing and holding of suitable land, the purchase, construction and erection of all necessary and suitable machinery, houses and all sorts of structures and bulidings that may be convenient or useful in the prosecution of their main purpose of manufacturing as aforesaid; also the making and repairing of all kinds of machinery and supplies, such as may be used in their said business. Sec. 6. The principal officers of said corporation shall be the Principal officers. president, the vice-president, and the secretary and treasurer, who shall be stockholders, and these shall be and constitute the board of directors of said corporation. The persons named in the Board of directors. first section of this act, towit: George A. Gray, John F. Love and P. Kankin are hereby constituted, respectively, provisional president, vice-president, and secretary and treasurer, and as such the board of directors of said corporation, and they shall hold their Term of office. respective offices until their successors are elected. officers. Sec. 7. Said corporation shall be governed by the above-named Annual election of officers who shall be elected annually by the stockholders' meeting, and at such meeting each stockholder can be represented in person or by proxy and shall be entitled to cast one vote for each share of stock held by him, and the by-laws shall be adopted or amended by a two-thirds vote of the capital stock of the company which is taken. when held. Sec. 8. The annual meeting of said corporation shall be held in Annual meeting, Gastonia, North Carolina, on the second Tuesday in April of each year, at which time the officers shall be elected, but the time of the annual meeting may be changed by vote of stockholders as in the adoption of by-laws for the corporation. Other meetings of the stockholders may be held for special or general purposes upon the call of the president and one other rector. Sec. 9. The stockholders of this corporation shall not be per- Individual liability of stockholders. sonally or individually liable for its debts, acts, liabilities, con Capital stock. May be increased. When certificates of stock may be issued. May borrow money tracts, engagements, defaults, omissions or torts, or Sec. 10. The amount of the capital stock of said corporation shall be one hundred and twenty-five thousand ($125,000) dollars, divided into one thousand two hundred and fifty shares of the par value of one hundred dollars each, with the privilege of increasing the same to two thousand shares of same amount by a majority vote of the stock at any regular meeting of the stockholders. Sec. 11. That no certificate of stock shall be issued unless the par value thereof be fully paid, and when any certificate of stock shall have been issued no assessment shall thereafter be made thereon. Sec. 12. The board of directors may by resolution authorize money to be borrowed by the corporation for the purpose of aiding the conduct of its business, and prescribe now much may be borrowed and how the same shall be secured. Sec. 13. This act shall be in force from and after its ratification. Section 17, chapter 110, private laws 1889, amended. Special tax for street purposes may be levied. Section 26, chapter 110, repealed. CHAPTER 291. An act to amend chapter one hundred and ten, of the private laws of eighteen hundred and eighty-nine, entitled "An act to incorporate the town of Brevard. The General Assembly of North Carolina do enact: Section 1. That section seventeen of chapter one hundred and ten of the private laws of eighteen hundred and eighty-nine, be and the same is hereby amended as follows, to-wit: Add at the end of said section the following words: That for the purpose of constructing, improving and repairing the streets and sidewalks in said town, the board of aldermen shall have the power to levy, in addition to the taxes above mentioned, a special tax to be known as a street tax, said tax shall not exceed twenty-five cents on the one hundred dollars of property, both real and personal, and seventy-five cents on the poll. The word "property” shall be construed to mean everything taxable by the town for general purposes. Sec. 2. That section twenty-six of said chapter one hundred and ten is hereby repealed and the following is substituted therefor to be known as section twenty-six of said chapter: That the board of aldermen of the said town shall have full power and au streets and side tion of cost for thority to construct, repair and otherwise improve the sidewalks Improvement of upon such streets in said town as they may designate by an or- walks. dinance passed by the said board, and the said streets and the lots abutting thereon when so designated by said ordinances shall become a taxing district, and the word "lot" where it occurs in this act shall be taken to mean the whole of the frontage abutting the sidewalk constructed or improved, and shall extend back from the street the distance of one hundred and thirty-two feet. Sec. 3. In order to more effectually carry out the authority May assess propordelegated and the duty imposed by the preceding sections, the repairing sidewalk board of aldermen of said town shall have authority to assess and to owner of property adjoining. proportion the cost of the sidewalk constructed, repaired or improved between the town and the lots abutting thereon, and they may assess two-thirds thereof on the lots abutting and one-third upon the town. The amount of the assessments against the abutting lots so improved as herein divided, being estimated and ascertained by the board of aldermen in the manner prescribed by their ordinance, shall be a lien on such lots and shall be entered upon the minutes of the said board, and if the same is not paid When assessment within thirty days after notice to the owner or his agent, the is unpaid, clerk clerk of the board of aldermen shall issue execution against the tion. said lot or lots directed to the marshal of the said town, who shall advertise the said lots, under such rules and regulations as are now and may hereafter be provided by the ordinance of the said town for the sale of real estate for taxes, and shall sell the same, and convey as other lands sold for taxes. Sec. 4. That any person whose land has been so assessed as Person dissatisfied provided above, who is dissatisfied with the said assessment, or who desires to contest the matter or right of assessment, shall with mayor. file his petition before the mayor of the said town within thirty days after notice to him of the assessment, setting forth his grounds of objection, and the mayor shall hear the same and may issue execu with assessment may file petition render his judgment thereon, from which either the petitioner Either party may or the board of aldermen may appeal to the superior court in the appeal." same way and manner as appeals are allowed from justice of the peace, and the trial in the superior court shall be de novo. Sec. 5. This act shall be in force from and after its ratification. CHAPTER 292. An act to amend chapter twenty-five, laws of eighteen hundred and ninety-three. The General Assembly of North Carolina do enact: Section 1. That laws of eighteen hundred and ninety-three, chapter twenty-five, section two (2), be amended as follows: county. Relating to incor- After the word "thence" in line seven and the following lines, poration of town of Waxhaw, in Union eight, nine, ten, eleven, twelve and thirteen, to the word "chain" in said line thirteen be stricken out and the following words inserted in lieu thereof: South eighty-seven east twenty-one and sixty-five one-hundredths chain to a black jack, south sixty-two and one-third west thirty-two links from A. E. Gordon's chin.ney corner, thence north eighty-three and one-half east seventy chains crossing the Providence road to a hub by A. R. O.; thence north eighty-seven degrees fifty minutes two thousand two hundred and eighty-three chains to a hub in J. E. Stephenson and Company's line fifty feet north from center of G. C. and X. Railway, thence with his line eighty-eight and one-fourth east nine chains to a hub in said line, thence north one and threefourths east two hundred feet to a hub in main street, thence north eighty-eight and one-fourth west about ten chains and eighty-five links to a rock. Cultivated land and Sec. 2. That all cultivated land and wood land not laid off in wood land exempt lots lying within the incorporate limits of the town of Waxhorne, shall be exempted from taxation for town purposes. from taxation. Sec. 3. That this act shall be in force from and after its ratifi cation. Ratified the 8th day of March, A. D. 1899. CHAPTER 293. An act to authorize William Howard to practice pharmacy without license. The General Assembly of North Carolina do enact: Section 1. That William Howard, of Edgecombe county, be and hereby authorized to register and practice pharmacy without the examination and license prescribed by the general law. Sec. 2 That this act shall be in force from its ratification. Name of town of CHAPTER 294. An act to change the name of the town of Hub, in Columbus county, to The General Assembly of North Carolina do enact: Section 1. That chapter one hundred and one, private laws of county, changed to eighteen hundred and ninety-one, and chapter three hundred and forty-five, public laws of eighteen hundred and ninety-seven, be Boardman. amended by striking out the word "Hub" wherever the same appears in said chapters and inserting therefor the word "Boardman." Sec. 2. That all laws in conflict with this act are hereby re- Conflicting laws repealed. pealed as far as they are inconsistent with this act. Sec. 3. That this act shall be in force from and after its ratifi cation. Ratified the 8th day of March, A. D. 1899. CHAPTER 295. An act to allow Dr. J. G. Hord to run a drug store without securing pharmaceutical license. The General Assembly of North Carolina do enact: Dr. J. G. Hord authorized to run drug store without Section 1. That Dr. J. G. Hord, of the town of Kings Mountain, be and he is hereby authorized and allowed to run and operate a drug store in the town of Kings Mountain, North Carolina, with- license. out securing pharmaceutical license. Sec. 2. That all laws and clauses of laws, in so far as they con- Conflicting laws repealed. flict with this act, are hereby repealed. Sec. 3. That this act shall be in force from and after its ratifi cation. Ratified the 6th day of March, A. D. 1899. CHAPTER 296. An act to amend chapter seventy-five of the private laws of North Carolina, ratified on the first day of March, Anno Domini, eighteen hundred and ninety-seven. The General Assembly of North Carolina do enact: Section 1. That section one of chapter seventy-five of the private laws of North Carolina, ratified on the first day of March, Anno Domini eighteen hundred and ninety-seven, be amended by striking out the word "Greensboro" and inserting the word "Raleigh." Sec. 2. That this act shall be in force from and after its ratification. Ratified the 6th day of March, A. D. 1899. Principal office Mining, Smelting and Manufactur ing Company changed. of Southern |