Condemnation of other public purposes and may extend or discontinue streets; and in land for streets, &c. Right of appeal. Conflicting laws repealed. case the said aldermen and the owner or owners of any such land so needed for streets or other public purposes cannot agree as to amount of damages such owner or owners shall be entitled to receive for such land sought to be condemned, the said board of aldermen shall cause three freeholders residing in the corporate limits of said town to be summoned by the marshal, who, after being duly sworn by some officer authorized by law to administer oaths, shall proceed to view said land and assess such damages as the owner may sustain, and also ascertain and assess against the owner or owners such benefits as he or they may derive from laying out streets or other public improvements, and make their report to the said board of aldermen, and said property so condemned shall vest in fee in the said town for the purposes for which the same has been condemned: Provided, that the said board of aldermen or owner or owners of said land shall have the right of appeal to the superior court from any finding of said freeholders as to amount of damages sustained or benefits derived, when the same shall be tried as other special proceedings upon appeal. SEC. 2. That all laws and clauses of laws in conflict with the provisions of this act are hereby repealed. SEC. 3. That this act shall be in force from and after its ratification. Chapter 177, private laws 1889, amended. Poll-tax. Ad valorem tax. CHAPTER 183. An act to amend section seven, chapter one hundred and seventy-seven, private laws of eighteen hundred and eighty-nine, in regard to the town of Dillsboro in Jackson county. The General Assembly of North Carolina do enact : SECTION 1. That section seven of chapter one hundred and seventyseven, private laws of eighteen hundred and eighty-nine, entitled "An act to incorporate the town of Dillsboro in Jackson county," be and the same is hereby amended as follows: Strike out the words "fifty cents" in line two and three of said section seven and insert "one dollar," and in [line] four of said section strike out the words "sixteen and two-thirds" and insert "thirty-three and one-third." SEC. 2. That this act shall be in force from and after its ratification. Ratified the 3d day of March, A. D. 1893. CHAPTER 184. An act to incorporate the Trustees of the North Carolina Annual Conference of the Methodist Protestant Church. The General Assembly of North Carolina do enact : SECTION 1. That Walter A. Bunch, Thomas J. Ogburn, John M. Incorporators. Hadley, Charles A. Cecil, Arlendo W. Lineberry, John L. Ogburn, Drury A. Highfill, William W. Amick and Berry Davidson, and their successors, duly elected and appointed in the manner hereinafter directed, be and they are hereby made, declared and constitu ence. ers. ted a body politic and corporate, to exist for a period of thirty years, Corporate existby the name, style and title of "The Trustees of the North Carolina Corporate name. Annual Conference of the Methodist Protestant Church;" and by that name, style and title are hereby made and declared able and capable Corporate pow.in law to take, receive, hold, possess and acquire by gift, devise, bequest, grant or otherwise, lands, tenements, goods, chattels, estates and property of any kind whatsoever, and the same again to grant, devise, alien or dispose of: Provided, that the clear yearly income of the real and personal estate of said corporation shall not exceed the sum of fifty thousand dollars. SEC. 2. That the said corporation and its successors shall have full Common seal. power and authority to make, have and use a common seal with such device and inscription as they shall see fit and proper, and the same to break, alter and renew at pleasure. SEC. 3. That the said corporation and its successors, by the name, Corporate powstyle and title aforesaid, shall be able and capable in law to sue and ers. be sued, contract and be contracted with, plead and be impleaded in any court or before any judge or justice in any and all manner of suits, complaints, pleas, matters and demands of whatever nature, kind or form they may be, and all and every matter and thing to do in as full and effectual a manner as any other person or persons, bodies politic and corporate within this state can or may. ers. SEC. 4. That the said corporation and its successors shall be and Corporate poware hereby authorized and empowered to make, ordain and establish by-laws, regulations and ordinances, and do everything incident and needful for the support and due government of said corporation and managing the funds and revenues thereof: Provided, the said by-laws, regulations and ordinances shall not be repugnant to the constitution and laws of the United States or of the state of North Carolina or to the constitution and discipline, rules and regulations of the Methodist Protestant Church. SEC. 5. That the said corporation shall consist of nine persons and Corporation, how constituted. no more, who shall be members of the Methodist Protestant Church in good and regular standing, six of whom shall be ordained minis ters of the North Carolina Annual Conference of the Methodist Protestant Church and three shall be lay members of the Methodist Term of member- Protestant Church within the bounds of the North Carolina Annual ship. When terms expire. Vacancies. Conference; and the term of membership shall continue three years, such term to begin on the first day of January next succeeding the election of the members as hereinafter provided; and the North CaroElection by Con- lina Annual Conference of the Methodist Protestant Church shall, at ference. each annual meeting of said Conference, elect in such mode as to the said Conference shall seem proper three new members, two of whom shall be ministers and one layman of the said Methodist Protestant Church, to fill the places of those members whose terms expire on the first of January following said meeting of said Conference: Provided, however, that the aforesaid members of said corporation named in this act shall continue in office as members of said corporation as follows: The term of membership of Drury A. Highfill, William W. Amick and Berry Davidson shall expire on the first day of January, eighteen hundred and ninety-four; the term of membership of Charles A. Cecil, Arlendo W. Lineberry and John L. Ogburn shall expire on the first day of January, eighteen hundred and ninety-five; the term of membership of Walter A. Bunch, Thomas J. Ogburn and John M. Hadley shall expire on the first of January, eighteen hundred and ninety-six: And be it further provided, in case the place of any member of said corporation shall be made vacant by death, resignation, disqualification or otherwise before the expiration of his term, it shall be the duty of the remaining members of the said corporation at their first meeting held at which such vacancy shall become known, to elect or appoint some person, a minister or lay member of the Methodist Protestant Church, a member of said corporation, who shall, however, hold office only for the unexpired term Failure of Confer- of the member creating such vacancy: And provided further, if the said North Carolina Annual Conference of the Methodist Protestant Church shall fail at any annual meeting thereof to elect members to fill the vacancies occurring on the first of January next following said annual meeting, then the said corporation at its next meeting after the adjournment of said Conference shall elect members to fill such vacancies; and the members so elected shall hold membership for a term of three years, the same as though they had been elected by said Conference: Provided, however, that the name of each member elected by the corporation as hereinbefore provided shall be submitted to the said Conference at the next annual meeting thereof after such election; and the said Conference shall have power to approve such election or to remove any member or members so elected by the said corporation and to elect another or others in place thereof; but the official acts of any such member or members before removal shall be valid and binding upon all concerned. ence to elect. Proviso. T SEC. 6. That the said corporation shall have a president, a vice- Officers. president, a secretary and treasurer, such officers to be chosen by said corporation from their own members as often as they may see proper and according to rules or by-laws to be held by them prescribed, and the said corporation shall have authority to appoint such other officers and servants as shall be deemed necessary. SEC. 7. That five members of said corporation shall be a sufficient Quorum. number to transact the business thereof and to make by-laws, rules and regulations. SEC. 8. That the said corporation shall cause fair and regular entries Record of proceedings, &c. of its proceedings and a just account of all receipts and disbursements to be kept in a book or books provided for that purpose, and its treasurer shall exhibit to the North Carolina Annual Conference of the Methodist Protestant Church at each annual meeting of said Conference a full and accurate report of the state of the accounts of said corporation. Ratified the 3d day of March, A. D. 1893. Annual report of treasurer to Con ference. CHAPTER 185. An act to incorporate the Mount Pleasant Manufacturing Company. The General Assembly of North Carolina do enact : SECTION 1. That Paul A. Barrier, William G. Barringer, H. C. Incorporators. McAlister, Daniel D. Barrier, George W. Blackwelder, Felix Yorke, John C. Wadsworth, William M. Eudy, Julius A. Halm, E. D. Lentz, Jonas Cook, L. I. Foil and Rufus A. Shimpock, and such other persons as may be associated with them, be and they are hereby created a body politic and corporate under the name of the "Mount Pleasant Corporate name. Manufacturing Company," by which name the said corporation may ers. sue and be sued, plead and be impleaded in any court of this state. Corporate powIt shall have perpetual succession and enjoy all the rights and privileges, liberties, immunities and franchises usually pertaining to a trading and manufacturing company. ers. SEC. 2. The said company shall have the right and power to pur- Corporate powchase or otherwise acquire land; to conduct and carry on in all its branches the manufacturing, repairing and selling of wagons and other vehicles, all kinds of agricultural implements; to make, buy and sell coffins, sash, blinds, doors and all kinds of building material; to manufacture furniture of all kinds and to repair all kinds of machinery; and the said company may erect and operate grist-mills, Place of business. Capital stock. Non-liability of stockholders for corporate debts. Provisional directors. Books of subscription. Organization. Officers. Stock-vote. Proviso. Liability to taxation. Stock nonassessable. saw-mills, cotton-gins, and may also convert their business into a cotton factory or erect and operate a cotton factory. SEC. 3. That the principal place of business of said company shall be at Mount Pleasant in the county of Cabarrus, state of North Carolina. SEC. 4. The capital stock of said company shall be four thousand dollars, with right to increase the same from time to time to any sum the stockholders may desire, not to exceed two hundred thousand dollars. The said capital stock shall be divided into shares of fifty dollars each, and shall be personal property and transferable on the books of the company in the method provided by any by-law in that behalf. SEC. 5. The stockholders of the company shall not be personally or individually responsible or liable for any debt, accounts, defaults or liability whatsoever of the company, or liable for any injury, transaction, matter or thing whatsoever relating to or connected with the company. SEC. 6. The persons named in the first section of this act are hereby constituted provisional directors of the company, of whom three shall be a quorum, and shall hold office as such until the first election of directors under this act, and shall have power forthwith to open stock books and procure subscription of stock in the company. They shall have power to call a meeting of the stockholders at Mount Pleasant, North Carolina, at any time within twelve months from the passage of this act for the purpose of electing directors and officers of this company, giving ten days notice of the time and place of said election. SEC. 7. That the officers of said company shall be a president, secretary, treasurer, superintendent, and as many directors as the stockholders may deem necessary, to be elected annually and to hold office till their successors are elected and qualified. The same person may be elected secretary and treasurer. The said officers shall be elected annually at the annual meeting of the stockholders by the stockholders of the company, and in all elections and in the decision of any and all questions by the stockholders of the company each share of stock shall be entitled to one vote. SEC. 8. That the stockholders of the company shall have power to make their own by-laws, rules and regulations for its government: Provided, the same shall not be in conflict with the constitution and laws of this state. SEC. 9. That all property and estate owned by said company shall be liable for taxes according to its assessed value, and the taxes thereon shall be given in and paid by the company, and not by the several stockholders or parties owning stock therein. SEC. 10. The stockholders and the shares of stock shall not be assessable. |