Incorporated. CHAPTER 315. An act to incorporate the town of Elon College in Alamance county. The General Assembly of North Carolina do enact : SECTION 1. That the town of Elon College in the county of Alamance and state of North Carolina be and the same is hereby incorCorporate name. porated by the name and style of "Elon College," and so far as may not be inconsistent with this act it shall have all the power and be subject to all the provisions of chapter sixty-two of The Code and the amendments thereto. Corporate limits. Jurisdiction of mayor, &c., to extend two miles. Officers. Temporary offi cers. SEC. 2. That the corporate limits of said town shall embrace all the town included in the following boundaries: Beginning at a stake in the northwest corner of the college campus in the edge of Haggard avenue and Williamson avenue; running thence with the east side of the Ossipee road one hundred and seventy-five yards to a stake in W. P. Huffine's yard; thence east eight hundred and seventy-five yards to a stake; thence south five hundred and sixty-five yards to a stake; thence west twelve hundred and sixty yards to a stake; thence north six hundred yards to a stake; thence east four hundred and fifty yards to the beginning. SEG. 3. That the jurisdiction of the mayor of said town and the officers thereof for the purpose of police regulations shall extend in every direction two miles from the corporate limits. The officers shall be a mayor and five commissioners and a town constable and such other police officers as the mayor and commissioners may appoint. SEC. 4. That until the time of the first regular election and the qualification of the officers elected, the government of said town shall be vested in the following persons to-wit: S. A. Holloman, mayor; Peter Hughes, W. S. Tate, John E. Long, Dr. W. G. Herndon and Thomas Stroud, commissioners. SEC. 5. That this act shall be in force from and after its ratification. Election on question of issuing bonds. CHAPTER 316. An act to promote education in the town of Williamston, Martin county. The General Assembly of North Carolina do enact: SECTION 1. That the commissioners of the town of Williamston are hereby authorized and directed to submit to a vote of the qualified voters of said town, at an election to be held therein on the first Monday of June, eighteen hundred and ninety-three, the question of issu ing bonds for the purpose hereinafter expressed; and at such election, Election, how held. to be held and conducted under the rules and regulations as now provided for holding elections therein, the qualified voters of said town shall vote tickets on which shall be written or printed the words "For bonds" or 'Against bonds." Ballots. issued on vote of SEC. 2. That if at said election a majority of the qualified voters of Bonds to be said town shall vote for said bonds it shall be the duty of the com- majority of missioners of said town to issue the bonds of said town to an amount qualified voters, not exceeding not exceeding the sum of twelve hundred dollars ($1,200); and the $1,200. interest not exceeding eight per centum (8), and one-tenth of the principal of said bonds shall be paid annually at such time and place as each bond may specify. pay debt owing by Williamston Academy. SEC. 3. That with said bonds or the proceeds of the sale thereof, to Bonds not to be sold for less than be made at not less than par value, the commissioners of said town par, shall pay off and discharge the debt owing by the trustees of the Wil- Proceeds used to liamston Academy; and upon such payment the trustees of said academy, and their successors in office, shall hold the said academy, its grounds and furniture in trust for the said town; and that the public school for white children in the school district in which the town of Williamston is situated shall be held in said academy, and when the public school is not being so held therein the trustees may have a school held and maintained therein as heretofore. SEC. 4. That any balance arising from the bonds issued under this act the said commissioners are authorized and empowered to apply in enlarging, improving or building a school-house for the colored children in the school district for colored children in which Williamston is situated, in any manner that may be agreed on between said commissioners and the school committee of said district. Academy property to be held in trust for town. Public school for whites to be held in academy. Balance of proceeds of bonds, how applied. SEC. 5. That for the purpose of paying said bonds, the commission- Special tax. ers of said town are hereby authorized and required at the time of levying other town taxes to levy annually a special tax sufficient in amount to pay the interest upon said bonds and one-tenth of the principal thereof, and the costs and charges incident to said tax. SEC. 6. Said taxes shall be collected as other taxes for said town Collection of tax, &c. and paid over to the treasurer thereof and shall be kept separate from other taxes. SEC. 7. The said commissioners shall require of the officer collecting Bonds. said taxes and of the treasurer of said town suitable and proper bonds for the protection of said taxes and the proceeds of said bonds from loss and to insure their proper payment and application. SEC. 8. That this act shall be in force from and after its ratification. Incorporators. Corporate pow ers. CHAPTER 317. An act to incorporate the Lumberton and Lumber River Railroad The General Assembly of North Carolina do enact: SECTION 1. That B. Godwin, W. W. McDiarmid, A. H. McLeod, E. K. Proctor, Jr., R. D. Caldwell, C. B. Townsend, J. H. McNeil, J. H. Morrison, T.. A. Norment, T. A. McNeil, J. T. Prevatt, R. Vampill, Dr. J. D. McMillan, W. F. French, W. S. Norment, A. W. McLean, L. H. Caldwell, N. T. Millsaps, T. F. Toon, Frank Gough, Alfred Rowland and N. A. McLean, their associates, successors and assigns, be and they are hereby constituted a body politic and corporate under Corporate name. the name of "The Lumberton and Lumber River Railroad Company," and under that name and style they and their successors and assigns shall have succession for ninety-nine years; and shall have power in their corporate name to sue and be sued, appear, prosecute and defend to final judgment and execution in any courts of competent jurisdiction in this state or elsewhere; shall have a common seal which they may use and alter at pleasure, and they and their successors and assigns, under the same corporate name and style, shall have power to purchase, hold and convey any lands, tenements, goods and chattels whatsoever necessary or expedient to the purpose and object of this corporation; they shall have power to make such by-laws and regulations for their own government and for the due and orderly conducting of their affairs and the management of their property as may be deemed necessary: Provided, the same shall not be inconsistent with the laws and constitution of this state or the United States. SEC. 2. That the said company be and it is hereby authorized and empowered to lay out, construct, equip, maintain and operate a railway in this state, with one or more tracks, from Lumberton, in the county of Robeson, said state, to any point in said county on the line of the Wilson and Florence Railroad, and also through the counties of Robeson and Columbus to the town of Hub in said county of May build part of Columbus; and the said company may, in its discretion, construct and Proviso. Authorized to build railroad. Termini. road. Capital stock. Subscriptions, how paid. operate any part of its road before the whole thereof shall be completed, and may establish such gauge for said road as it may think proper. SEC. 3. That the capital stock of said company shall be twenty thousand dollars, with the privilege and power of increasing the same to one hundred and fifty thousand dollars, divided into shares of fifty dollars each. The capital stock shall be raised by subscriptions on the part of individuals, municipal or other corporations, and such subscriptions may be paid in money, labor, land, materials, bonds or other securities and in any way that may be agreed upon by the com pany and its subscribers. SEC. 4. That the corporators herein named, or a majority of the Books of subsame, may cause books of subscription to the capital stock of the scription. company to be opened at such times and places as may be appointed by said corporators; and said corporators, or a majority of the same, Organization at any time after the sum of five thousand dollars ($5,000) has been subscribed to the capital stock of said company and ten per centum (10 per centum) thereof has been paid, shall be authorized and empowered to call together the subscribers to the capital stock of said company for the purpose of completing the organization thereof in accordance with the provisions of this act. SEC. 5. That at the time of said organization and annually there- Directors. after such stockholders or subscribers, or a majority thereof, shall elect from their number not less than three nor more than seven directors of said company, who shall hold their offices one year and until their successors shall be elected and qualified; and the directors chosen at such meeting and annually thereafter shall elect one of their number as president of said company, and shall elect a secretary Officers. and treasurer and such other officers as may be provided for in the by-laws of said company, who shall hold their offices one year and until their successors shall be elected and qualified; and shall fill any vacancy that shall occur in any of said offices by death, resignation Vacancies. or otherwise; that in all elections provided for in this act each share Stock-vote. of stock represented in person or by proxy shall be entitled to one vote, such proxy to be verified in the manner prescribed in the by-laws of said company. The meetings of the stockholders and Meetings. directors shall take place at such times and places as may be provided for by said by-laws. SEC. 6. The said company shall issue certificates of stock to its Stock certificates. members, and stock may be transferred upon the books of said com pany in such manner and form as its by-laws may prescribe. SEC. 7. That the several townships of the counties through which Subscriptions by townships. said railway may pass are respectively authorized and empowered to make such subscriptions to the capital stock of said company in such amounts as may be settled upon in the manner hereinafter prescribed: Provided, no subscription shall be valid until the same has been rati- Proviso. fied by a majority of the qualified voters of said townships as herein after provided. ton. SEC. 8. That the town of Lumberton is authorized and empowered Subscription by to make such subscription to the capital stock of said company in town of Lumbersuch amount as may be settled upon in the manner hereinafter prescribed: Provided, no subscription shall be valid until the same shall Proviso. have been ratified by a majority of the qualified voters of said town. SEC. 9. That the boards of commissioners of the aforesaid counties Election in townthrough which said railway will pass are respectively authorized, of subscription. ships on question Ballots. Election, when ordered, &c. Notice. Returns. Election, how held. Subscription to be made on vote of majority of qualified voters. Election in town of Lumberton on question of subscription. Ballots. Election, when ordered, &c. empowered and required, upon the written petition of fifty of the qualified voters of any township through which said railway will pass in either of said counties, specifying the amount of subscription proposed to be made to the capital stock of said company by said township, and praying that the question of "Subscription" or "No subscription" be submitted to the qualified voters of said township, to have submitted to the qualified voters of such township the election of making a subscription to the capital stock of said company, and the election shall authorize a subscription to the capital stock of said company; and those in favor of such subscription shall deposit a ballot on which shall be written or printed the words "For subscription," and those opposed to such subscription shall deposit a ballot on which shall be written or printed the words " Against subscription." Such election may be ordered at any regular meeting of the board of county commissioners to which petition is made, and shall be held at such time, not less than sixty days from the date of ordering the same, and at such place in said township as the said board of county commissioners may order, and notice thereof shall be given for four weeks immediately preceding the holding of the same by publication in some newspaper published in said county and also by posting the same at the door of the court-house in said county. The returns of such election shall be made to the board of county commissioners of the county in which such election is held at their next regular meeting after said election shall have been held and said returns shall be canvassed by said board, and except as herein modified said election shall be held. as provided for the election of members of the general assembly. And if a majority of all the qualified voters of said township be for subscription, then the chairman of the board of county commissioners shall subscribe the amount so authorized by said township to the capital stock of said company. SEC. 10. That the board of commissioners of the town of Lumberton are authorized, empowered and required, upon the written petition of twenty-five of the qualified voters of said town, specifying the amount of subscription proposed to be made to the capital stock of said company by said town, and praying that the question of "Subscription" or "No Subscription" be submitted to the qualified voters of said town, to have submitted to the qualified voters of said town the election of making a subscription to the capital stock of the said company, be, at which election those in favor of a subscription to the capital stock of said company shall deposit a written or printed ballot with the words "For subscription" on it, and those opposed to such subscription shall deposit a ballot on which shall be written or printed "Against subscription." Such election may be ordered at any regular meeting of the board of commissioners of said town, and shall be held at the court-house in said town not less than thirty days from the date of ordering the same, and on such day thereafter as the com |