- Title
- Public laws of the State of North-Carolina, passed by the General Assembly [1863]
-
-
- Date
- 1863
-
-
- Creator
- ["North Carolina."]
-
- Place
- ["North Carolina, United States"]
-
Public laws of the State of North-Carolina, passed by the General Assembly [1863]
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10
(•:t*cilooj to bo
bold by ballot.
Га
of
irtstalaicnts.
Ch J.O.
Hod [■
Ш>с.
1863. - Chap. 8 — 9.
Skc. 7. Be it further enacted, That tho election of offi-
cer8 shall be by ballot, each stockholder having as many
votes as he has shares in the stock of said company, and at
all elections, and upon all votes taken at any meeting of the
stockholders upon any by-laws or any affairs of the compa¬
ny, each share of stock shall be entitled to one vote, to be
represented in person or by proxy.
Sec. 8. Be it further enacted, That the board of direct¬
ors may call for the sums subscribed as stock in said com¬
pany in such instalments as the interests of said company
may in their opinion require, and on failure ot any*stock-
h older to pay such instalment as required, the directors
may sell at public auction, on a previous notice of ten days,
for cash, all the stock subscribed for in said company by
such stockholder, and convey the same to the purchaser at
such sale; and if tho sale does hot .produce a sufficient sum
to pay off the incidental expenses of the sale, and the en¬
tire amount owing by such stockholder for his subscriptions,
then the whole of said balance shall be held due at once to
the company, and may be recovered of such stockholder at
the suit, of the said company, by action of assumpsit in any
court of competent jurisdiction, or by a warrant before a
justice of the peace, when the sum does not exceed one
hundred dollars ; and in all cases of - of stock before
the whole amount has been paid to the company, then for
all sums due on such stock, the original subscribers and the
first and all subsequent assignees shall bo liable to the com¬
pany, and may be recovered as above described.
Sec. 9. Be it further enacted, That this act shall be in
force from and after its ratification. [Ratified the 12 th day
of December , .1863.]
AN ACT TO INCORPORATE THE FAYETTEVILLE KEROSENE COMPANY.
Section 1. Be it enacted by the General Assembly of the
Slate of North- Carolina, and it is hereby enacteif by the
authority of the same, That Henry E. Colton, E. J. Hale,
P. M. Hale and
С.
B. Mallett be and the same are hereby
constituted a body politic and corporate under the name
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