CHAPTER 273. An act to amend the charter of the city of Hickory. The General Assembly of North Carolina do enact: amended. SECTION 1. That section nineteen, chapter two hundred and thirty- Chapter 238, prieight of the laws of one thousand eight hundred and eighty-nine be vate laws 1889, amended by adding at the end thereof the following: Provided, how- Election on question of licensing ever, that the question of licensing the sale of spirituous liquors within sale of spirituous the limits of said city shall be decided by a direct vote of the qualified liquor. voters thereof, and the board of aldermen shall at each annual election for mayor and aldermen provide a separate box in which the qualified voters of said city may cast their ballots for "License" or "No license;" and if a majority of the votes so cast shall be in favor Ballots. of "License" then the elected board of aldermen shall issue to applicants complying with the requirements of the general law license to sell spirituous liquors by wholesale and retail within the limits of said city, and the tax upon each license shall be seven hundred and fifty dollars. But if a majority of the votes cast in said annual election shall favor "No license," then any license issued by the elected board of aldermen for sale of spirituous, malt or vinous liquors within the limits of said city shall be null and void. It is futher provided, Tie vote. that in case there should be a tie of votes in the election for "License" or "No license," then the issuing of such license shall be optionary with the said board of aldermen. SEC. 2. That this act shall go into effect on and after the first day When act to take of May in the year eighteen hundred and ninety-four. Ratified the 6th day of March, A. D. 1893. effect. CHAPTER 274. An act to incorporate the town of Catawba in Catawba county. The General Assembly of North Carolina do enact: SECTION 1. That the town of Catawba, in the county of Catawba, Incorporated. be and the same is hereby incorporated by the name and style of the Corporate name. "Town of Catawba," and shall be subject to all the provisions of law of chapter sixty-two of The Code or other existing laws in reference to incorporated towns. Corporate limits. Officers. Temporary off eers. Election. Electors. By-laws. Taxation. Fines, &c. SEC. 2. That the corporate limits of said town shall be one-half mile east, west, north and south from the store now occupied by J. D. Little. SEC. 3. That the officers of said corporation shall consist of a mayor and four commissioners and a marshal, and the following. named persons shall fill said offices until the first Monday in May, anno Domini one thousand eight hundred and ninety-three, viz.: Mayor, J. H. Pitts; commissioners-A. H. Houston, L. H. Lawrence, J. D. Little and E. R. Bost; marshal, Avery M. Cobb. D SEC. 4. There shall be an election held for the offices mentioned in this act on the first Monday in May, one thousand eight hundred and ninety-three, and each succeeding year thereafter, under the same laws and restrictions that county and state elections are held, and all legal voters within said corporation who have resided in the state twelve months and within the corporate limits ninety days previous to the day of election shall be entitled to vote at said election. SEC. 5. That said commissioners shall have power to pass all bylaws, rules and regulations for the good government of the town not inconsistent with the laws of the state or the United States, and shall have power to levy and collect a tax on all subjects of state taxation not to exceed one dollar on the poll and thirty-three and one-third cents on the one hundred dollars valuation of property real and personal, to impose fines and penalties and collect the same. They shall also have power to appoint a clerk, treasurer or other officers if they deem it necessary, and shall fix the pay of the officers of said town. SEC. 6. That this act shall be in force from and after its ratification. Ratified the 6th day of March, A. D. 1893. Incorporated. Corporate name. Corporate limits. CHAPTER 275. An act to incorporate the town of Arlington in Currituck county. The General Assembly of North Carolina do enact : SECTION 1. That the town of Arlington in Currituck county be and the same is hereby incorporated by the name of Arlington, and it shall be subject to all the provisions of law now existing in reference to incorporated towns. SEC. 2. That the corporate limits of said town shall be as follows: Beginning at a stone in the line between Alma Midgett and Henry Welsted, northwest corner; thence eastwardly across the main road ́to the line dividing the lands of said Midgett and Edgar O'Neal; thence with said line seven chains from the main road to stone number two, northeast corner; thence southwardly across the A. and C. canal to stone number three, southeast corner, to the line dividing the lands of Daniel Crane and the Forbes heirs; thence westwardly across the main road three chains to stone number four; thence northwardly across said A. and C. canal to the first station. SEC. 3. That the officers of said town shall consist of a mayor, three Officers. commissioners and a town constable. SEC. 4. There shall be an election for the officers mentioned in this Election. act on the first Monday in May, one thousand eight hundred and ninety-three, and annually thereafter, and until said election and until their successors are duly elected and qualified the following officers. shall be the officers of said town: T. P. Hall, mayor; A. B. Midgett, Temporary SEC. 5. For the good government of the town the said officers and Powers of officers. their successors in office shall have all the powers, rights and privileges, and shall be governed by all the rules, regulations and restrictions conferred upon and to which mayors and commissioners of incorporated towns are, subject by chapter sixty-two of The Code. SEC. 6. That this act shall be in force from and after its ratification. CHAPTER 276. An act to incorporate the Catawba Toll-Bridge Railway Company. The General Assembly of North Carolina do enact : SECTION 1. That John L. Lyerly, Abel A. Shuford, Joseph G. Hall, Incorporators. John N. Bohannon, Frank Whiting and Joseph D. Elliott, of the county of Catawba, and G. P. Suttlemyre, A. L. Ramseur and G. W. F. Harper, of the county of Caldwell, or any three of them, and such other persons as may be associated with them, and their successors or assigns, are hereby created a body politic and corporate by the name of "Catawba Toll-Bridge Railway Company," under which Corporate name. name it shall have perpetual succession and a common seal; may sue Corporate powand be sued, plead and be impleaded, and enjoy all the rights, privi- ers. leges and advantages of other like corporations under existing laws, besides those hereinafter enumerated. SEC. 2. That said company is hereby authorized to construct, equip Authorized to build railroad. and operate a railroad of any gauge it may choose from some point on the Chester and Lenoir Railroad at or near the track of the Catawba Location. Lumber Company on the Catawba river in the county of Burke, Authorized to lease, consolidate, &c. Capital stock. Books of subscription. Organization. Election of directors, &c. Vacancies. down said river to or near the Catawba toll-bridge in the county of Catawba, not exceeding two and one-half miles in length, with the usual power to cross any other railroad track over, under or at grade. SEC. 3. That said company shall have authority to lease or sell to any other railroad company and to consolidate with any other company as its board of directors shall so decide, this company still to be known under the name of the Catawba Bridge Railway Company, and shall be authorized to work any unified arrangement for operating the two companies under one management, if no lease or sale of this company, property and franchise is not made. SEC. 4. The capital stock of said company shall be fifty thousand dollars, divided into shares of fifty dollars each, and the persons aforesaid, or any three of them, are hereby appointed commissioners to open books of subscription and receive subscriptions to the capital stock of the company at such times and places as they may appoint; and when ten per centum of such subscriptions be paid in then the stockholders may organize said company by the election of a board of directors to consist of not less than seven, and the directors shall elect one of their own body as president of said board and of said company. Such election shall be held at such time and place as may be agreed upon by a majority of the stock represented, the said president and directors to serve one year and until their successors shall be elected and qualified unless vacancies shall sooner occur by death, resignation or removal, in either of which latter cases the said board or a majority of them may fill such vacancies until the next regular election. A majority of said board shall constitute a quorum for the transaction of business. A regular annual meeting of the stockholders of said company shall be held at such time in each year and at such place as the said board may appoint, of which due notice shall be given, at which annual meeting a new board of directors Quorum of stock- shall be elected for the ensuing year. A quorum of stockholders shall consist of the holders of a majority of the stock of said company. The president and directors shall appoint a secretary and treasurer and such other officers and agents as shall be prescribed by the by-laws, rules and regulations from time to time as may be. required properly to conduct the affairs of the company. Quorum. Annual meetings. holders. Secretary, &c. Authorized to borrow money on mortgage. Certificates of stock. SEC. 5. The board of directors may also borrow money at a rate of interest not exceeding eight per centum per annum, and issue bonds therefor, and execute and deliver mortgages and deeds of trust upon the franchises and the property of the company to secure the payment of said bonds. SEC. 6. Certificates of stock shall be issued to the subscribers under the direction of the board of directors, and shall be signed by the president and secretary of said company and authenticated by its seal, and shall be recorded in a book to be kept for the purpose, and ali sales or transfers of stock in said company shall be duly recorded in such book. Said stock shall be held and considered as personal property. SEC. 7. For the purpose of obtaining rights-of-way and depot sta- Authorized to tions for said railway the company is authorized to acquire by volun- acquire land. tary sale by the owners of such lands along its line as it may need; and if it cannot obtain such land by negotiation and agreement with the owners thereof, then it shall have the right to acquire a title to the same by process of condemnation in the manner prescribed in Condemnation of chapter ninety-nine of The Code of North Carolina: Provided, that Proviso. such condemnation shall not exceed one hundred feet in width along the line of said railway, and one acre for each depot station. SEC. 8. That this act shall be in force from and after its ratification. land. CHAPTER 277. An act to confirm the powers of "The Edgecombe Homestead and Loan The General Assembly of North Carolina do enact: SECTION 1. That all of the powers heretofore conferred on "The Charter obtained Edgecombe Homestead and Loan Association" by act incorporating before clerk conthe same before the clerk of the superior court of Edgecombe county be and the same are hereby fully confirmed, and the said corporation firmed. is empowered to increase its capital stock from time to time, as its Increase of capiboard of directors may determine, to any number of shares, not exceed- tal stock. ing ten thousand. SEC. 2. That the said corporation may at any time by a majority May conduct vote of the stockholders enter upon and conduct a general banking banking business. business, thirty days notice first to be given said stockholders of the meeting called to determine upon the prosecution of said banking business, and thereupon said corporation shall have, possess and enjoy all the rights, privileges and powers usually incident and necessary to a general banking business, including the right and power to receive deposits, to borrow money and make loans and discounts, to acquire and hold any and every species of property, to lend and invest in or upon the security of mortgages, pledges, deeds or otherwise, lands, tenements, hereditaments, personal property or interest therein of every description, situate anywhere, the same to sell and dispose of in any wise, and on all loans to charge interest not exceeding the legal rate. |