ers. SEC. 2. That said association may sue and be sued, plead and be Corporate powimpleaded; may have a corporate seal, and make all necessary by-laws for its government not inconsistent with law. taxation. SEC. 3. That said association may acquire title to and hold land and Exemption from other property free from taxation for the purpose of establishing and maintaining a home or homes for infirm, indigent or invalid persons. SEC. 4. That said association may receive donations from any source, Donations. and confer on any similar organization the right to operate under its May transfer charter. SEC. 5. That said association may employ any means or proper devices to add to its revenues, it being understood that it will not and shall not resort to any lottery to effect such purpose. charter rights. May employ any add to revenues. means, &c., to Exception. County commissioners may send " &c. SEC. 6. That the board of commissioners of any county in the state are hereby authorized to send any indigent or orphaned persons to indigent persons, any home aided or established by the "Carolina Charity Association," and to pay for the support of the person sent what it would cost to support said person in the county home from which said person was Expenses. sent. SEC. 7. That this act shall be in force from and after its ratification. CHAPTER 334. An act to charter Trap Hill Institute. The General Assembly of North Carolina do enact: SECTION 1. That J. S. Holbrook, J. S. Kirby, J. A. McClean, W. F. Incorporators. Byrd, William Sparks, T. C. Deborde, D. J. Roberts, C. Blevens, C. F. Fields, E. M. Gwyn, J. W. Myers, F. Brewer, I. W. Landreth, Joshua Spicer, E. Blevens and J. F. Gentry, their associates and successors, be and they are hereby created a joint stock company, a body politic and corporate for the purpose of maintaining a school of high grade at Trap Hill, in Wilkes county, North Carolina, for the mental and moral training of the children of the white race of both sexes under the name and style of "Trap Hill Institute,” and in that name may sue Corporate name. and be sued, plead and be impleaded, contract and be contracted with, Corporate powacquire, hold and convey in their corporate capacity property, real ers. and personal, and exercise all acts in relation thereto or incident to the ownership of real and personal property and for the promotion of education. SEC. 2. That the officers of said corporation shall consist of a presi- Officers. dent, vice president, treasurer, secretary and five directors, three of Quorum. By-laws. Special meetings. Non-liability of trustees. Call of first meeting. When property to revert to stockholders, &c. Faculty may grant certificates. whom shall constitute a quorum for the transaction of business, and all of whom shall be elected by the trustees every two years. SEC. 3. That at the first regular meeting of the trustees they shall have power to make such by-laws, not inconsistent with the laws of the state, as shall be deemed necessary to promote the object of the corporation and from time to time make such changes as they may deem best. SEC. 4. That the president of said corporation shall have the power to call a meeting of the trustees whenever he may deem proper. SEC. 5. That the trustees shall not be individually liable for any indebtedness or liability of said corporation. SEC. 6. That J. S. Holbrook, one of said trustees, is hereby authorized to call the first meeting of the trustees. SEC. 7. Provided, nevertheless, that in the event the property of said corporation shall be abandoned or cease to be used for school purposes for the term of five years, then in that event the same shall revert to the original stockholders, and they shall have the right to dispose of the same either at a public or private sale or by petition for partition, and the proceeds of said sale shall be divided among the said stockholders according to their respective stocks or interest. SEC. 8. That the faculty of said institution, by the advice and with the consent of the directors thereof, shall have power to grant certificates of merit or other evidences of scholarship or merit or proficiency in any of the departments of said school. SEC. 9. That this act shall be in force from and after its ratification. Tax collector allowed until CHAPTER 335. An act to authorize the collection of arrears of taxes due Fayetteville, The General Assembly of North Carolina do enact: SECTION 1. That the tax collector for Fayetteville be allowed until the first day of June, anno Domini eighteen hundred and ninety-four, collect arrears for to collect all arrears of taxes due Fayetteville for the years eighteen certain years. June 1, 1894, to hundred and eighty-nine, eighteen hundred and ninety, eighteen hundred and ninety-one and eighteen hundred and ninety-two, under the rules and regulations, rights and powers as are prescribed by law for the collection of taxes by sheriffs and tax collectors; and in all cases where taxable property has not been listed for said years it shall be the duty of the tax collector to place the same on the lists, to col- SEC. 2. That this act shall be in force from and after its ratification. CHAPTER 336. An act to incorporate Saint James Parish, Wilmington, North Carolina. The General Assembly of North Carolina do enact : SECTION 1. That the present wardens and vestry of Saint James Incorporators. Parish in the city of Wilmington, and their successors as they may from time to time be appointed or elected in accordance with the constitution and canons of the Episcopal Church in North Carolina, shall be and are hereby declared to be a body corporate, to be known ers. by the name and style of "The Wardens and Vestry of Saint James Corporate name. SEC. 2. That this act shall be in force from and after its ratification. CHAPTER 337. An act to incorporate the New South Air-Line. The General Assembly of North Carolina do enact: SECTION 1. That Richard Lamb, G. Hoyt, Geo. McNeal, J. H. Ire- Incorporators. land, Williamson Rapalje, W. C. Hassell, J. T. Winfield, Henry E. Knox, and their associates, successors and assigns, be and they are hereby declared to be a body corporate and politic by the name of the New South Air-Line, and by that name and style are hereby invested Corporate name. with all the rights, powers and privileges conferred, and made subject Corporate powto all the rules, regulations and restrictions imposed by The Code of ers. Capital stock. Mortgage bonds. Stock-vote. Organization. Salaries, &c. Election of officers. Authorized to build railroad. Termini. Branch roads. Proviso. Consolidation with other road, lease, &c. North Carolina, and all general rules applicable to such corporations as are not inconsistent with the provisions of this act. SEC. 2. The capital stock of said company shall not be less than five thousand dollars, but the company shall have the privilege of increasing the same from time to time to an amount not exceeding fifteen thousand dollars per mile for all lines built, bought or leased; and shall have power to issue stock to the amount of the capital, and issue bonds to be secured by deed or deeds of trust upon all property, franchises and improvements of the company, including the tracks and rolling stock, if at any time it shall see fit to do so, the said stock to be divided into shares of one hundred dollars each; and at all meetings of the stockholders each share be entitled to one vote, which may be given by the holders thereof or by proxy. When one hundred shares shall have been subscribed under the direction of any three of the corporators hereinbefore named, the subscribers shall assemble in Newbern, Washington or Plymouth, North Carolina, upon the call of the corporators, or a majority of the same, to organize the company under this act, to elect a president and board of directors, whose term of office shall be one year. Subsequent elections of president shall be made by the board of directors, and of the board of directors by the stockholders. SEC. 3. The board of directors shall fix the salary of the president and all officers of the company and the maximum amount of stock to be subscribed for by any person. All other officers not herein otherwise provided for shall be elected by the directors. SEC. 4. The said company is hereby authorized to construct and operate a railroad from the city of Newbern to any point or points on the Albemarle Sound, Roanoke and Chowan rivers, and from thence, if it shall so desire, to the Virginia state line. SEC. 5. The said company is hereby authorized to construct and operate lateral branches not exceeding twenty miles in length, and to cross any creek between the city of Newbern and the Virginia state line: Provided, the navigation of same is not interfered with. SEC. 6. It shall be lawful for said company to consolidate with any other railroad company heretofore incorporated or hereafter to be incorporated in or out of the state of North Carolina whose line of road connects or will connect either physically or by ferry with the railroad hereby authorized to be constructed; and it shall be lawful for the company hereby incorporated to lease or sell its works, property and franchises to any other such company; and it shall be lawful for said company to lease or purchase the works, property and franchises of any other railroad company heretofore incorporated or hereafter to be incorporated in or out of the state of North Carolina whose line of railroad connects or will connect either physically or by ferry with the railroad hereby authorized to be constructed; and any railroad company heretofore incorporated or hereafter to be incor porated in the state of North Carolina is hereby authorized to con- SEC. 7. The said company is also authorized to construct wharves, Corporate powdocks, warehouses, elevators and so forth suitable for the accommo- ers. dation of steamboats and vessels, and for the convenience of shipping, transporting and storing all kinds of merchandise and property; and the company may conduct a general dock, wharf, warehouse, steamboat and lighterage business. It may transport passengers and freight, and may construct, purchase or hire steamboats and other means of transportation requisite for its business. It may receive on storage all kinds of merchandise, and may charge and collect compensation for storage, wharfage and lighterage and for all labor incident thereto at such rates and upon such terms as may be agreed upon between it and its customers, and for any advances made by it on merchandise and for all its charges the company shall have a preferred lien on such merchandise. And it shall be lawful for corporations or persons to enter into contracts with the New South Air-Line for the use, hire, operation or lease from said company of its wharves, docks, elevators, steamboats, vessels, rail ays, siding and other terminal facilities, or any part or parts thereof, upon such terms as may be agreed upon. And it shall be lawful for said New South Air-Line to arrange with any railroad entering the cities of Newbern and other shipping ports, or having a terminus in Newbern or other shipping ports, for the use of any of their terminal facilities or any part or parts thereof upon such terms as may be agreed upon. SEC. 8. To furnish a basis for raising capital it shall be lawful for Subscriptions, said company or its successor to receive grants and subscriptions in how made, &c. land at a fair valuation, and materials, upon such terms as may be agreed upon with the board of directors; and it may exchange its stock or bonds therefor and may hold or sell the same at pleasure. SEC. 9. The said company by the acceptance of this charter hereby Taxation. agrees to pay all taxes, dues and demands due the state that may be hereafter assessed against it in lawful money of the United States, and not in coupons. SEC. 10. The road shall be commenced within two years and be When work to be completed in seven years from the passage of this act. begun and completed. SEC. 11. That this act shall be in force from and after its ratification. |