- Title
- Private laws of the State of North-Carolina, passed by the General Assembly [1860-1861]
-
-
- Date
- 1860 - 1861
-
-
- Creator
- ["North Carolina."]
-
- Place
- ["North Carolina, United States"]
-
Private laws of the State of North-Carolina, passed by the General Assembly [1860-1861]
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1860-61.
Chap.
91.
59
MANUFACTURING COMPANIES.
AN ACT TO INCORPORATE “THE BUNCOMBE POWDER MANCFAC -Chap. 91.
TURING COMPANY,” LOCATED IN BUNCOMBE COUNTY.
Section 1. Be it enacted by the General Assembly of the commissioners
State of North Carolina, and it is hereby enacted by the au- a|,|,om"'d'
thorify of the same, That Nicholas W. Woodfin, William F.
McKenan and - Croekford be, and they are hereby ap¬
pointed commissioners, with power and authority to open
books and receive subscriptions to the amount of fifteen thou¬
sand dollars, which shall constitute the capital stock of the Capital stock,
company hereby incorporated for the purpose of the manu¬
facture of powder.
Sec. 2. Be it further enacted, That the said capital stock siwcs^
shall be divided into shares of one hundred dollars each, and as
soon as two thousand dollars shall be subscribed, it shall bo
the duty of said commissioners, or any one of them, to notify
the stockholders, by advertisement, to attend at such time
and place as may be designated, and if a majority of the shares
subscribed shall be represented at such meeting, then it shall
be lawful for the stockholders to appoint a president, treasurer officers— term
and five directors for the term of one year, and until the next ofoffico-
general meeting of the stockholders, and the president and
directors, when so appointed, and their successors in office,
shall constitute a body corporate and politic in law, by the
name and style of “The Buncombe Powder Manufacturing corporate title.
Company,” and may sue and be sued, plead and be impleaded,
and as such shall have a corporate existence for thirty years,
shall have a common seal, and have all other and necessary
powers incident to corporate companies, which may be neces¬
sary to effectuate the object bad in view by this act.
Sec. 3. Be it further enacted, That said company, at a Regulations as
general meeting of the stockholders, in pursuance of the pro- etue5el"ent °f
visions of the last section of this act, shall fix upon such regu¬
lations, in reference to the payment of the stock subscribed
and the representation of the same, as they may deem proper,
and they shall have power to make all necessary by-laws and
regulations, for the government of said company, not incon-
consistcnt with the constitution of this State and the United
States.
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