tion of number ers. SEC. 2. That the board of commissioners of the town of Reidsville Election on quesshall at the next regular election cause an election to be held as to of commissionwhether or not the board of commissioners shall consist of five or seven members; if the majority of the votes cast shall be for five (5) members, then the five names receiving the highest number of votes shall be declared elected; if the majority of votes cast shall be for seven members, then the seven names receiving the highest number of votes cast shall be declared elected. amended. SEC. 3. That sections ten and fifteen of chapter fifty-eight, acts of Chapter 58, prieighteen hundred and eighty-seven, be repealed and the following be vate laws 1887, substituted in lieu thereof: "That the mayor shall be the chief execu- Criminal jurisdictive officer of the town and as such is invested with all powers of a tion of mayor. justice of the peace, and as such shall have sole and exclusive jurisdiction to try, hear and determine all violations of law, both state and municipal, that may be committed within the corporate limits of said town; and all fines, forfeitures, penalties and costs for violation of the town ordinances shall be paid to the town treasurer for the use and benefit of said town, and that all fines, forfeitures, penalties and costs for violation of the state laws shall be paid to the county treasurer for the use and benefit of the county, and that the mayor shall further be a special court within the corporate limits of the town to execute the by-laws, rules and regulations made by the commissioners to try all persons who are charged with a misdemeanor for violating any ordinance of the town, and if the accused be found guilty he shall be fined, at the discretion of the court or mayor, not exceeding the amount specified in the ordinance or ordinances so violated; or at the discretion of the court or mayor trying the same, such offender may be imprisoned not more than thirty days in the common jail of the county. If the accused is dissatisfied with the judgment of the mayor Right of appeal. or court he may appeal in like manner as is prescribed for appeals from judgments of a justice of the peace." SEC. 4. All laws or sections of laws in conflict with this act are Conflicting laws repealed. hereby repealed. SEC. 5. That this act shall be in force from and after its ratification. CHAPTER 240. An act to incorporate Sparta Lodge, number four hundred and twentythree, of Ancient, Free and Accepted Masons. The General Assembly of North Carolina do enact: SECTION 1. That J. I. Thompson, J. M. Wagoner and others, officers Incorporators. and members of Sparta Lodge, number four hundred and twenty three, Ancient, Free and Accepted Masons, located in the county of Corporate name. Corporate pow ers. By-laws. Alleghany in the state of North Carolina be and they are hereby incorporated into a body politic and corporate under the name and title of." Sparta Lodge, number four hundred and twenty-three, Ancient, Free and Accepted Masons." SEC. 2. That with and under the above name they and their associates and successors shall have perpetual succession and a common corporate seal, may sue and be sued, plead and be impleaded before any court of record or any justice of the peace in this state; contract and be contracted with; acquire, hold and dispose of real and personal property for the benefit of said lodge or its members and the widows and orphans of its members, and may have all such other rights and privileges as are incident to such corporations. SEC. 3. That the said corporation shall have power to pass all necessary by-laws and regulations for its own government, not inconsistent with the constitution and laws of this state or the United States. SEC. 4. This act shall be in force from its ratification. Ratified the 4th day of March, A. D. 1893. CHAPTER 241. An act to incorporate the Houston Narcotic Cure Company of North The General Assembly of North Carolina do enact: SECTION 1. That John D. Brevard, Joseph E. Treadway, J. H. Tucker and J. D. Murphy and W. V. Powell, their associates, successors and assigns, are hereby created and declared a body politic and corporate under the name and style of "The Houston Narcotic Cure Company of North Carolina,” and under that name may sue and be sued, plead and be impleaded, prosecute and defend actions and special proceedings in all courts of the land; contract and be contracted with, and adopt and use a common seal which may be altered at pleasure, and shall have a corporate existence for ninety-nine years. SEC. 2. That the capital stock of the said company shall be twentyfive thousand dollars, divided into shares of one hundred dollars each, with liberty and authority to increase said stock from time to time by order of a majority of the directors to an amount not to exceed five hundred thousand dollars. SEC. 3. That whenever the sum of five thousand dollars shall have been subscribed and that five per centum of that amount paid in it shall be the duty of said corporation to call a meeting of said stockholders, and at said meeting said stockholders shall elect a board of five directors. The term of office of the directors shall be one year. Directors. Each share of stock represented in the person of the stockholder or Stock-vote. SEC. 4. The directors shall elect one of their number president, and® Officers. then the president and board of directors shall elect such officers as are provided for by the by-laws of the company, who shall hold office for such length of time as the said by-laws may determine. SEC. 5. That it shall be the duty of the president and directors to Semi-annual make a report semi-annually to the stockholders, on the first days of reports of presiJuly and January, on the state of the company. dent and direc tors. directors. SEC. 6. That said company shall have power to increase the number Number of of directors at any time, and in all meetings of stockholders the vote shall be by person or by proxy. SEC. 7. That said corporation shall have the power to make by-laws By-laws. for the government of the said company, and to require bonds from Bonds. its officers for the faithful performance of their duties, payable to the said corporation, said by laws to prescribe the mode of the transfer of stock on the books of the company; to prescribe the mode and name Execution of deeds, &c. the officers who shall execute in the name of the said corporation all deeds and conveyances, mortgages, bonds, promissory notes and other contracts by the company. ers. SEC. 8. That said corporation shall have power to purchase, lease Corporate powor otherwise acquire any real or personal property, and take title thereto in the name of the company; to sell, convey, improve, manage, develop, lease, mortgage, dispose of and otherwise deal with all or any parts of the property of the company; to loan money, to make, endorse, accept and execute promissory notes and other negotiable instruments; to raise money in such manner as the company may see fit; to issue mortgage bonds upon any or all of the company's property; to employ medical directors and establish institutes and hospitals for the treatment of the liquor habit, morphine habit and tobacco habit, and other diseases; to appoint agents and other employees and fix their compensation, and to do all things needful and necessary to carry into effect the foregoing powers. stockholders for corporate debts. SEC. 9. That the corporators and stockholders of said company, and Non-liability of their associates, successors and assigns, shall not be individually or personally liable or responsible for the debts, contracts, engagements or torts of the said corporation; and no stockholder shall be liable for more than he subscribes for. SEC. 10. That all laws or clauses of laws inconsistent with this act be and the same are hereby repealed. SEC. 11. That this act shall be in force on and after its ratification. Incorporators. Corporate name. Corporate powers. Proviso. Proviso. CHAPTER 242. An act to incorporate the Bessemer City Cotton Mills Company. The General Assembly of North Carolina do enact: SECTION 1. That J. A. Smith, J. A. Pinchbeck, B. L. Duke, R. C. G. Love and F. H. Cumnock, their associates, successors and assigns, be and are hereby created a body politic and corporate under the name and style of the Bessemer City Cotton Mills Company, with a capital stock of two hundred thousand dollars, divided into shares of one hundred dollars ($100) each, with liberty and authority to a majority of the stockholders to increase said capital stock at any time or from time to time to any amount not exceeding in the aggregate two million dollars. SEC. 2. That as said corporation they shall have perpetual succession, a common seal, which they may break or alter at pleasure. They may in their corporate name sue and be sued, prosecute and defend actions and special proceedings in all courts of the land. They may erect cotton mills, buy machinery and operate same for the handling of cotton and the manufacture of cotton goods or woolen goods in all its branches. May buy land and erect buildings thereon and sell or lease or rent same, provided they shall not own at any one time more than three thousand acres of land. May operate their mills by steam, electricity or water-power; may build dams for the purpose of controlling any water-power they may own; may build railroads, tramroad and dirt-road to connect their mills or waterpower Bites with any railroad convenient to their properties; they may lay off any portion of their land into town lots, sell or lease same; they may, for the convenience of the community in which they reside, establish and operate a banking business subject to the general laws governing banking institutions: Provided, however, that the capital stock of said bank shall not exceed one hundred thousand dollars; they may lease, rent or sell any portion of their water-power, electric or steam-power connected with their business; they may buy or sell cotton in its raw, manufactured or partially manufactured state; they may borrow money, execute notes, bonds or other evi dences of debt, and may secure the same by mortgage or trust deed SEC. 3. That said corporation shall make such by-laws, rules and By-laws. the stock so represented shall be necessary to elect. The board of Officers. duties, compensation and terms of office. The board of directors Special meetings. may call special meetings of the stockholders at any time they may think the interest of the company demands it, giving thirty days written notice stating the object of such meeting. SEC. 4. That no notice or publication whatever of first meeting of said corporation shall be given or required: Provided, all the corporators named herein waive in writing such notice and fix a time and place for such meeting. No notice of first meeting necessary. Proviso. SEC. 5. The principal office of the company shall be at Bessemer Officers. City, North Carolina. The company may have branch offices or branch warehouses at any other point in the state or in the United States or Europe which the board of directors from time to time may decide to be the most convenient and for the interest of the company. stockholders for SEC. 6. That the corporators and stockholders of said company, Non-liability of their associates, successors and assigns, shall not be individually or corporate debts. personally liable or responsible for the debts, contracts, obligations or engagement or torts of said corporation, and no stockholder shall be liable to pay for more stock than he subscribes for, and all stock shall be full paid and non-assessable. The stock may be subscribed Subscriptions, for and payment made at such times and in such amounts as the how paid. board of directors may hereafter determine. SEC. 7. That this act shall be in force from and after its ratification. Ratified the 4th day of March, A. D. 1893. |