Incorporated. Corporate limits. Officers. Temporary officers. Election. Unlawful to sell liquor within corporate limits. Penalty. Unlawful for county commissioners to grant license to sell liquor within corporate limits. Fines payable into town treasury. CHAPTER 82. An act to incorporate the town of Montford in the county of Buncombe. SECTION 1. That the town of Montford in Buncombe county be and the same is hereby incorporated by the name and style of Montford, and shall have and be entitled to all the rights and privileges and be subject to the restrictions and liabilities as now provided by law for incorporated towns in this state. SEC. 2. That the corporate limits of said town shall be as follows: Beginning at the stake on the west margin of North Main street at the intersection of said west margin of North Main street with the corporation line of the city of Asheville, and runs with the west margin of the old Buncombe turnpike road, the extension of North Main street to Glenn's creek a stream crossing the road below J. E. Reed's residence; thence with said Glenn's creek to the French Broad river; thence up said river to the corporation line of the city of Asheville; thence with said corporation line to the beginning. SEC. 3. That the officers of said corporation shall consist of a mayor and three commissioners, and the following named persons shall fill said offices until the first Monday in May, one thousand eight hundred and ninety-three, or until their successors are duly elected and qualified, namely: Mayor, J. E. Rumbough; commissioners-T. S. Morrison, James Joyner and Locke Craig; who shall take the oath of office within thirty days after the ratification of this act, before some justice of the peace of Buncombe county or other officer qualified to administer oaths. SEC. 4. That an election for mayor and three commissioners shall be held on the first Monday in May, one thousand eight hundred and ninety-three, and annually thereafter, under the same rules and regulations prescribed by law for holding municipal elections in this state. SEC. 5. That it shall not be lawful to sell any intoxicating liquors within the limits of said corporation. Any one violating the provisions of this section shall be fined not less than fifty dollars nor imprisoned more than thirty days. SEC. 6. That it shall not be lawful for the board of commissioners of Buncombe county to grant license for the sale of spirituous liquors within the limits of the town of Montford, and if such license be granted by the board of county commissioners the same shall be void and the person obtaining such license shall be indictable as in other cases of retailing without license. SEC. 7. That all fines collected for violation of any of the town ordinances shall be paid into the treasury for the benefit of said town. SEC. 8. That this act shall be in force from and after its ratification. Ratified the 17th day of February, A. D. 1893. CHAPTER 83. An act to amend chapter fifty-seven, laws of eighteen hundred and seventy-four and eighteen hundred and seventy-five, entitled "An act to incorporate the town of Shelby, Cleveland county," ratified the twenty-sixth day of February, anno Domini, one thousand eight hundred and seventy-five. The General Assembly of North Carolina do enact: tions. SECTION 1. That section three of chapter fifty-seven of the laws of Chapter 57, private laws 1874-75, eighteen hundred and seventy-four and five, entitled "An act to amended. incorporate the town of Shelby, Cleveland county, be amended by striking out all after the word "May" in line three down to and Biennial elecincluding the word "election" in line five and insert "one thousand eight hundred and ninety-three, and every two years thereafter," and by striking out the words " one year" in line seven of said section and inserting in lieu thereof the words "two years." SEC. 2. That section twenty-five of said section be amended by Provision that striking out the words "for the year" in line six. Term of office of constable, &c. commissioners shall fix days of meeting "for the year," repealed. Term of office of two years. clerk, &c., to be SEC. 3. That section thirty-four of said chapter be amended by striking out the word "twelve" in line three and inserting the word "two," and by striking out the word "months" in line four and inserting the word "years." SEC. 4. That the present mayor, commissioners and all other offi- Present officers cers of the town of Shelby shall hold their offices until their successors are duly elected and qualified. SEC. 5. That this act shall be in force from and after its ratification. hold until succes sors are elected, &c. CHAPTER 84. An act to amend chapter two hundred and forty-three (243) of the private laws of eighteen hundred and ninety-one, and the charter of the city of Raleigh. The General Assembly of North Carolina do enact: Chapter 243, private laws 1891, amended. Pullen Park and SECTION 1. That section two (2) of chapter two hundred and fortythree (243) of the private laws of eighteen hundred and ninety-one be amended as follows: Add to the end of said section two (2) the following: The tract of land conveyed to the city of Raleigh by Oakwood and R. S. Pullen, Esquire, by deed dated March the twenty-second, one thousand eight hundred and eighty-seven, as recorded in book ninety-five, page four hundred and sixty-three, register of deeds office of corporate limits. Mount Hope Cemeteries included within Oakwood Cemetery in first ward. Pullen Park and Certain provisions as to mayor's jurisdiction, removal of causes, payment of fines, &c., repealed. Aldermen may pass ordinances regulating speed of railroad trains, prohibiting vagrancy, &c. Conflicting laws repealed. Wake county, and known as "Pullen Park," and all other territory which may be acquired by the city by purchase, or donation, or otherwise, for park purposes, and the cemetery for the burial of deceased white persons, located northeast of the city of Raleigh, known as "Oakwood Cemetery," and the cemetery for the burial of deceased colored persons, located south of the city of Raleigh, known as "Mount Hope Cemetery," shall also be included in the corporate limits of the city of Raleigh, and all ordinances now in force or hereafter enacted by the board of aldermen of said city shall be applicable to the territory included in said Pullen Park or other parks, and in said cemeteries, as fully as if the said territory was embraced within the limits of the city. SEC. 2. That section three (3) of said chapter two hundred and forty-three (243) be amended by adding thereto the following: The territory embraced in “Oakwood Cemetery" shall be and compose a part of said first ward and the territory embraced in "Pullen Park" and "Mount Hope Cemetery" shall be and compose a part of the said fourth ward. SEC. 3. That section twenty-three (23) of said chapter two hundred and forty-three (243) be amended by striking out all of said section after the word "law" in line nineteen thereof. SEC. 4. That section thirty-three (33) of said chapter two hundred and forty-three (243) be amended by adding at the end of said section thirty-three (33) the following: They may also pass ordinances regulating the speed of railroad trains and locomotives within the corporate limits of the city, and impose fines and penalties for violation thereof; they may also pass ordinances prohibiting vagrancy and street-begging within the city of Raleigh, and impose fines and imprisonments for violation thereof. SEC. 5. That all laws and clauses of laws in conflict with the provisions of this act are hereby repealed. SEC. 6. That this act shall be in force from and after its ratification. Chapter ante, amended. CHAPTER 85. An act to amend section six of an act entitled "An act to incorporate Cabarrus Cotton Mill," enacted at present session of the general assembly and ratified on ninth day of February. The General Assembly of North Carolina do enact : SECTION 1. That section six of an act entitled "An act to incorporate Cabarrus Cotton Mill," enacted at present session of general assembly and ratified on the ninth day of February, be and [the] same amount paid by subscriber failing is hereby amended by striking out all of said section after the word SEC. 2. That this act shall be in force from and after its ratification. ments, &c. to pay assess CHAPTER 86. An act to incorporate the North Carolina State Insurance Company of The General Assembly of North Carolina do enact: SECTION 1. That S. A. Court, Lawrence Pulliam, H. C. Hunt, L. P. Incorporators. McLeod and Charles A. Webb, and all other persons who may here ence. ers. after be associated with them in the name and style of "The North Corporate name. Carolina State Insurance Company," are hereby constituted a body politic and corporate, to have succession for ninety-nine years, and Corporate existby that name to sue and be sued, appear, prosecute and defend in Corporate powany court of record or other court or places whatsoever; and may have and use a common seal, and may hereafter break, alter or renew the same at will; may purchase and hold such real and personal estate as may be deemed necessary to effect the objects of this association, and may sell and convey the same at pleasure; and may make, establish and put into 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 their regulation and government and for the 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. directors. SEC. 2. That the affairs of this company shall be governed and President and managed by a president and board of directors to consist of not less than three nor more than nine members or stockholders as may be regulated by the by-laws of the company; and the president and two Quorum. local directors shall constitute a quorum for the transaction of business, or in absence of the president a majority of the board shall be required to constitute a quorum: Provided further, that unless the Proviso. quorum shall consist of a majority of the board that all matters ordered and business done shall be by unanimous consent of the directors present. Said directors shall be elected at the regular annual Election of di- Term of office. meeting and shall hold office for one year or until others shall have been elected to supply their places. The board shall have power to fill vacancies caused by death, removal or resignation. SEC. 3. That the capital stock of said corporation shall be two hundred thousand dollars: Provided, that the stockholders may at any time, after being called together for that purpose, deem the same expedient and by a vote of not less than sixty per centum of the stock theretofore issued order the same increased in any sum not exceeding a maximum of five hundred thousand dollars. Said stock shall be divided into shares of one hundred dollars each and shall be payPayment of sub- able by each subscriber in amount; manner and form as shall be prescription. scribed by the president and directors of said corporation. Powers of directors. Corporate powers as to insurance, &c. Liability of stockholders. Removal of home office. SEC. 4. That the board of directors shall have full power to loan or invest the capital paid in and all moneys coming into possession of the company in real estate or personal estate, bonds, mortgages, gold, silver, stocks of any corporation of this or any other state or the funded debt of any state, city, village or corporation or other securities of any description. They may receive such stocks, bonds, mortgages, real or other estate from any subscriber to the capital stock of the company, but before the same shall be received and accepted by this corporation it shall be appraised by the board of directors whose appraisement shall fix the valuation thereof, and such stocks being properly transferred shall be accepted for the appraised value in the issue of that amount of the capital stock of this corporation; the board of directors shall have power to sell and convey any such real estate, personal estate, bonds, mortgages, stocks or securities or change the character of any investments of the company from time to time as its interests 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 directors may deem proper, including life, accident or benefit insurance, and may establish branches for either. And the company is hereby vested with all the power that any insurance company has or may have to transact business in this state and formulate such policy forms and requirements and charge such rates and premiums as may be agreed upon by this company and the parties insured. SEC. 6. That the stockholders of said corporation shall not be liable for any loss, damage or responsibility in their persons or property other than the property they have in the capital stock or funds of said corporation or the payments there may be made upon any contingent stock held by them respectively or upon any profits arising therefrom not divided. SEC. 7. That upon the affirmative vote of sixty per centum of all certificates of stock issued or subscribed for, the home office of this corporation may be removed to any other city in the state of North |