Newspapers / The North-Carolina Star (Raleigh, … / Feb. 28, 1849, edition 1 / Page 1
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"llortljCdroIiua powerful in intellectual, moral ana pij'icalrfaurrrtf- thclanopf our tint anathc home of cut' affection?'.' THREE DOU.XKSa Wr.it Afw't. VOL AO. It4Lr.IC;il,N. C . WKUNEIDAl, TLB 99, 1810. "'! ! TIIOS.' J; I EMAY, EJitor and Proprietor. LAWS - ' OF THE " STAT 13 Or S.OEtH CAEOLIDAi PASSED BY J 'HE ' GENERAL ASSEMBLY, , XT TttXI Mt, ITBira COM SI s"rtif Oa jbi,,ih twijiiitb or x'ot'itvsrR'. oxk, Tii'irmn, eioht iifnimKn a roan ubiit, - AJII Mlltll Ol TBI fW)ITt-l!ITIl W 11SVAII, THorisn, klHHr Hl'NTKn 1HD roHTt-SISIi. BY ' AUTHORITY. ClIAPTKK VI. ' An act to araand nn net, pissed at tho Session or the Jvg- isliiuiro oftliis Slate, of IS4b-'7, entitled ' An Act author izTiTir "trie tTCmrnrtxrsi'aWistt - trrfp-prif uf-arnrrt Kew btTU." Sec. I.' Be it enacted by the Gene-al Assembly of tht State of North Carolina, and it is hereby emtcbd bylhe authority of the same, Tjiat the sum .ol one huiitirvd and fifty dollars, and no more, shah he allowed nun cnargeu uy the keeper of public arms at the depot in Newborn it) fr.ll compensation' for tent of suitable buildings lor the deposite and sain keeping of all the, public arms there plated or or (tared, as well s fur the personal services of the said keep er in Liking care of 'the same. ,:'.'. Sec. 2. And be it further enacted, That nil lawn nnd clauses of laws contrary or rcpuguuut to this net, be, and the "sn Hiw T4t"fe"tretjyirspertledi " - , effect and be in force from and ufter its .ratification.' RaufiedOilrlay of January, 19 10.J ' " , CHAPTER VII. , , j4m At to- -amend Jie-iQk-&iaprrtf'. -lite Revised Stat; utes, relating to bail. enjoy nod retain to themselves and successors, land, teiie-the debts' due the same, of Jit moneys deposited therein, of jherehy granted, shiiRh."He beemv 'minted, it in ay. lehtwln1,! y ' ments, rents, hereditaments, goods, chattels and effects: ..nnd! llio nutPi.wcirciilutioii. and of the cash in hand; mid shall notm resolution, io direct the Attorney General, with inch. ..I . ': 1 .. .' .. ... , l-"" ' .: 1 t fi . . '. .1 f t . . . l . . : ' I ' '" ". ".! ' I . . . -- . . ; i tno same m irrniu, fjevise alien ana nposeoi; 10 sue-mtu ; unre a-ngm 10 inspect sum general acconnis hi iiir ixoks hcsurd, implead atiti l impli-adedtaii5vfr pud. bo nuswcr-lof tfie tmnk shelf lt-lnto Jo the said st.iteiueut n.VifiriilcL etl, defoud and lie defended in couits of record, rr any pther that this Miull not te cojistrued to le a right of inv-c nns place ivhitsoever; and also to make, have and usa a com the accounts of any -firivnte inuivyind witu the bank, ex mon seal, and the Kameto break, alter or renew at their fecpf of the directors. The bills oblijin'ory and ol credit, itit- pleasur 5 -nm also to owaiii, est iMisfi and put in execuMO" such by-laws, ordinances and regulations as shall seem tie- crry "and coiiivniNit for the government of said corpora,- tlw lit dial aT a 1 i.l AAr -.M t mk liif.l li,tt hn iiiuila'lA n t r persoti or persons, shall te nssienable by et'dorsemem. tliere- on, under the hand or hands of sue,!) person or persons, and lion; and for the 'ninku-g whereof general tru-etings ot thctnf'his,' her or their jissignea or assignees, and so as !. stockholders my be called-in the nnitinbr hereafter speci- fied; and, generally to do and execute all acts, jhintters and things which a corporation and body politic - in Taw '.may lor, can Uw fully execute; arid lie sul jeel to the nilfiDlgiiJanonft, restrictions and provisions hrefier prescribed and declared. -Sc. 4. Be it furthrrtwtctcd, That as soon as two thou-' sand -fchares shall Ik? taken in the stock of said hank, mid tvv'entylive thousand dollars paid to the Commissioners who; keep the books, notice shall he ien in Hie vzcttes (mulish lutgjy to i raiisfer "and vet the piopeiry therein in each n'rid every assignee or assignees successively, rtnd tennbta sucli ossijnee. or assijj&ees to bring and mawtain tut action there upon in his, her or their iinme-or ntuii whu.limnyfeissued I'yordef of faid cor.orat ion, signed by the President and countersiiied by Ihe cashier, promisinjf the jiayment of tnoney to iiy person or persons, his, heror their order; of to ttcnrer, thmh not under the ferfj trf siiid cor- pora'toh, Mmli bel iiidin and oTiliitftry 011 thsssnir. hi tfi ii!d aLFjiyeitev:Uk,Land aliu held 111 ten days at le.ist after the dnte ol the notice, shall ITC! private person rr persons, that is Io ssy. thoe which shall called. If, at this meeting, those, or their agents, who have j be paynbls to any peon or ersons, hi, hr, or their order, a natality of votes according to the rates heriHtficrdescrihed, ' sh.il! In assignable hv eridorsernent in like mantvr and with -be present, (i( not. another meetins shll lie calb'd ) they I like f fleet as foreisii bills of exchnngp imw nh ; and those ! shall proceed to the election of nine directors, who shall ; which arc ptynblc to I qnrer sjiall be negotiable and assigna- take chxfge of ilia I ooks nlld inoncy in ttie hands ol tho j uic y delivery nnlv. commissioners, und inimediotely f niiie the ttsoiil means to Sec. G fit it f"wthf' ettttdel, Th t if nr. y person or put th t'ank hi-op 'luttiin. The said diirt-ciors shall remain persons, holding '-any itote or ot'tt s of snid banli, nhail pre. iVroffice until the lirsi Monday in Mav, one thousand, eight :scu! the skuio for ravnicnt, ami- navincui sIihII I e refused, httiidrd and fill v or until their successors shall I.e up-; the s.-iiif nop or notes ahull (haw 'interest at the rite of pointed,- and on die lirft Monday in May m each year, or at ..twelve, per cit,' vr iiiinum, from tie' lime of Said deninud, any time llieie.ifier, iiR'tiiigs ot tl.o stock holders shall be I and the said hank shall piy th same, any law to the coo held, in lh town ol i-'ayitievitTe, (or.the purpos-' of electing ttrarvi'oiwirhsfatidtiic; and tb.e holder l the notes of said duffcUSyHiutur R'tfviicd Stafite JB,gtl.cH,,ijntauoU8 aiy. m;ihi-u 10 issue mi're man nvnx inr miiu jwiu 1 Sec. 1. Be it enacted by the General Assembly of the authority of the same, Thai the provisions and require men l s of 1 he foil rth sect ion of the tenth Chapter" of the. He 'yislSTatlVUM'1? ' a'' in civil cases, sliall ha ex tended to b-l in Stat prof ecutibns, allowing them, at any time to surrender the principal in discharge 01 tiieinsetves : Provided, that no5U.rrehdcr of any principal, after ihe for feiture of the recognizance, shall have the effect to discharge the bail, except on sufficient cause to he ihewn. to, and ad judged df;''byTic?6fmM'o'ii'-8'ftBU'ter'ras the court may i niposa as iif rci otore practised. . r. Ratified 29th day of January; IS19. CHAPTER VIII. An Act tocetablish the Iluukof Fayotteville Sr.fTinv : "- 1 i.miiUrai'ituI 10 $800 090, ir. vli.irci of 50 JoIU. each, and provide, for 2 Siiiult the time and manner of paying (itia'fu. . ; 3 When two thousand shares are ulisciilil; nnit 25,000 dollars paid, the - . tuulc may go into opr!totb 'ilh enriorie .iwer.. , . v , . 4 'Pruvulr for marling of tubferibfra ami elttciion ot nine lirrrti ra- Sec. 5. Kf il furl htr rtiflcfra1,' Thht hc foi!nwii;g rules, regtila'ioiis utid provisions, shall form rind he the fundamen tal arlicles of the (Constitution ol the -corporatHn. A meet iug tI ihe st'ickhohb held, i ilcss. ijtose ; jv.h.o. nave n majority 01 tuu wnoie rntnr'er 01 votes oc ptrseuij. drd, the brink ho unable to pay 'the amount. j'voti- Scc.;7: Be it fvrthtr tnncted, Th.at in cofp of nn insol vency of the Mule hereby created or ultimate inability fin tiie part of this corporation to pay, "the indijidttnt... stock, holders shall. he liable to ore(Ttors!"nsntiv'd.',iihl the n- hundiedi one Vote; nnd for every five shares above oiie him a red, one vote. After, th first iiieeTir shall confer a right of voting, which shall liot Iiavo been holden threo calendar months prevrotrsio lhe ilny of voting; stockholders may vote at general nioeiing find elections by prosy, the; proxy being hlmwlf a stockholder. No Pies i dt?ti?, Qishier, ajfent or cleric of the principal bank,1is olli C' S and agencies, shall he permitied to vote as proxy for another. None but a .tpckholder who is a citizen of the Stiiteslinll he eligible as a air'ector ; and the directors Avhon appoilltedlshaIitjcSsC ' wayi444 to. Iw 'Presldryit of tha-tank, nud stiaU roatiagn, uie ins lui'jou assnaii seem iwsi to iiietn, -unn ss einerwise directed by life stock 1 10I dens; but conipensaJiisn 4ojWPfjH:' dent and directors shall he granted at lire pIcasiUQ of tTic sfbckhiilders. "Not less ihiitj three director, 'of 'WTi'dni"!!?? . Olid eVi'ryajrt shall rrqniie the siVn&wi mrrtints of tliV by Ih'Uvp-cllii'Hf J'4'1'1 corpora votes Whidi triny be p-cseiH ; every stiHkholcler holdinj oti5 iioiT. ' . " - sTTare niul iiot inore llian i wofi S Tie trpilfie nT.imTbi t tire dirrctorsrshnli for every two shares above two nuU goM'-Nc ediiig ci;'0j"b-n!lott'-d to keep open the suUcrip'i m bcoks until the . fi . ----- 1 ! 1 . i r c 1 t .: .. ..' -..r-'... O.... O ?-,.' V.. Tl,nl if 11 liriKlnl nr lllin bezzle any of the funds .belonging to said bank, with the in tent to tietr.uid ?aid corporal iotVTir'fTnnke false entries n pen the looks:W said Hank, with intent to defintid snid corpora tion, er any other person whomsoever, said oflicer. agent or s-rvtint sliall IX! held and deemed guii'V i leiony, mm up on conviction t!iercof-by course of law, fhall lc pun ished by fine ai the discretion 'f conrt, and imprisonment r't exceeding five years. - -Rocrirr.' Ff if frirlhcf rnocUd,' That if sny person shall fof 'e'y ;nmke4 forge or cotiuierreit, or ciiuseor juoenre lo be fidselV made, forged or counterfeited,., or willingly' aid or assist in falsiely maki'tGr, forging or conntcrleitiug any bill or note in imi'tition of.or purporting to be a 'ill or note i sntrJ hy order of live President and direcfors of the ll.itik of liytiieviHe, ofatiy order or chetk upolr raid hank, or corporation or ni.y Oushi' r (hereof; or Miall talsely niter, or cruse rr procure tt lr fal-ely altered or willingly id4r tis sist in falsely nltering-fUiv hill or note issued by order of the said corporal itMi',J or any order or check on said bunk or any 4.',Mhier'thtfe'-r'srtitl'- prry tr"feewV'wHh'Ht"-ni-t' fa&&, alteror p'iblish as true, tmy, fHff , foroed or counterfeited bill or note puif'it?ng lo be a bi'l or note iissm d' by order of said corpoiiiiioit, or any Yalse, ft.rgd or coun- I'rnsideiit shall alwnysjw oae.slt the transaction ol business, . 'ecejji. in paso.Of absence or srckiiesr-of thf -Prcsid'ent, -wfieti he uray' by 'wntTng nomf nate. ny.oiierjJircc!pr.t.o stipj)ly his place; n nuta'rf st:ck holders, not loss ttiaii ten, who togctlier s'lall Iks the owners 4hrtsiiw4'wr'is 'fr apwafd stiw'? frnTe"nn.vtrr'ai a ny1 time to call a genei'il meeting of Ihe stclhold. is for pur. .puses relative to the: TrWirutio'i. civinirnt b-ast tvvwiy thiys notice, in a public gazette, and pecifiii2 lhd. obirct or ob jects' of such meeting. I in; directors fhall itiinu illy elect A IV', riNiM ru!e arnJ foiiila'iii.i. a-anjdiM of their conntituiiim " 4 -7. I I" . . . rl" . . "H.T ".: . ' i such oflicers asmavba deemed neressarv. to perform the ! M'r thereof, ktfowjig t'e i. nrr ccic iinrrtsi 1111111 nn-nunc in fh n ii-iii.iiiu. 1 . ... . . 8 Unoka miy le li'ul rprn. 8 Kinljcjjslt'mcRt and faud mu Irlunv, tct foiled clock 01' oider upon the m id hank or any Cash thereof, knowjiir t'te same 10 te laiseiv torgeti sisinnt cotiitf-cl as ,tbc tfoveinor or the leeiislatuie i ny tiiUiK proper la eiii!aae,lu lse ax wrH ol faeiHfXwtnr able b 'lore the jnditc of the Sjipiense "oiiri, ( airing upon said corpoNitinn to (the w cuse why the l hnrn 'rheHiy grar ted that! noli forfeited, f ul ject to the smc promdin&s p are now prcscribedliy law us t ill cases of ether corpora, tions, ...,.,. . .. .'... f'. -,.; ,,.,... Sec, 10- lit it further tnucted, Tliat if it Jhlwill liappn, hf n . the books sIihH he opened us aforesaid, that a greater sum linn eight hundred thousand dollar Khali IrfrMtWril d. 1 y , tudivitlttals" or by bodies corporate, it shall hp lawful for iba conitiiisMoneis to reduce such subscriptions, according toa,, scalet by tlieur io be crtablfr lied-,,fAr lim mirnse, to the a. toresaid nmotltrt ol eijlirhunTred ifiousand d'ttilaniirjfii-r" rffd, that iioulwiprioii ;pf two shares or under shall le scaled, uuhl all larger subscriptions shall first lo reduced to an equality with Iheni. ; . . ; ; Sec. 17. 1 1 it furticr rr.ttcted, That wl,enrvcren ti:ro", f sjmdJif4lii hundred Ihousmd doiliirs shall have beii paid in' specie vr its emiivalent, the. President and directors of the Hud lHik shall cause tobe located, branches or agencies of the said bank, ' ttf Wadestoru', 4li thecouRty of A nsou ; and at Gfccnsboro', . in the county ol Guilford ; tid at Saljbiify, hi 'the county of Ro'van ; and at 'the town of Washington, in the ccunty of lleaufoil. ' . . , : "Ratified 2Tih th.y of January, 1819.. -r ' - " CHAPTER IX. notes. Wit hKK as, doubts are entertained whether days of grac are fo l"e'allnved on sight bills, and there is no stahlishtd niercaiifittr mft rn tt e Ftibjecf Jtit (h Sec. I. Be it tnactal by the General jltTmbfajoftU Afatf . af XvrtM-VmtUae'nXJVtfl'tMp i the ttiiihAtUy o4iL . the $tme, That from fthd a&cttha pnssage of this net, alt Mils of'exc?rangpayntirp- fu'ure day ct(ai.'i, in which there is np express stipulat ion 1 to tht etwtfaf yv sftaH Itej-ftiMl the wn to be entiileu to days of uracP, ns the same are allowed by, iirrcnwiito rtn able at the expiration of a certain pt'Hod after date or Sight;' , 7 Sec. '2 J't or itTrtl: that ih'lil'iie''1ia1fliot .oppTfrt.t anf "?t'" " bill of exchance, promissory iioter drafts rmyfiWeJcn da; lIUMU HI f I V k""MW u taa a w IIUV. M" W Jt U if IU VII UUIIIU nnd no diys of grnce fclmll I c allowed thereon. it ..:' i - Ratified 29;h January, IblO CHAPTER Xy - - t( AN A(TT trpFovit!e f'tp the-improvement e'rfurfoot nnd" Ilailou'x.Cruk'(atia,'arid for other purpose". 10 Irrri!)n pen ill firfirjcr?. 1 1 Slnte Ux.twnlve anil a half conta on each i"Uare of dtorlf. 12 ami 13 provulr for 0i viileixld ami annual report to Legislature. 1 1 'l'mi na'ertient MiI'jTta titer nflVniler tu iniiicJment. 15 I'mi iJrg for prijce'dinji on f jolnlinn of tharttfr, ' 11 f.xrirm of iiusrription to be reduced- ' 17 Provide fitf-branches. '.. . ' i ' - h. . Skc. li Be it enacted by the General Assembly of' the Slide the same, That a hunk shall be established theni at pleasure. Those officers (hall W -required to give J or publish as true eny falsely altered I ill or not", isned by bonds, with t wo orjnoro su relies, 111 sums not Jessj ihali ten oritur of Fatd Ihttik, or any falsely tiltereil ortler or check 011 thousand dollars, with a condition for. good ' bchuyior and faitl book the lug wh ef-Noith Curulinu, mid it fr jureby enaetej ariA-Htforiy 0 nns 01 liisirrernrrniltH Kntaiu. ; atm pp enicring on Piivettr.villP itih nnniinl strvlc nt v.hich Khnll not 'oeeeri. mg oatlmr afliTitinttoii bejorc.sotne Jllslice. of tli.e IVace. bv eieht hundred thbtisaud dollars. divided into "hnre 6rfi 'ti" Srfe, twi Jvo nn.r h I.Alf iTU m'eUch it f 1 "'..itii'tN nrtn.. ri'.il vrt. I -. n 1 - fc.'iitrrt fx avfiifl aieiit.l lLiaIo till . toll".1 iiintr !i '1 t'A rwwi4'i atiiCiri- affirrn lis the case rrjay ' I'ed for, and paid in; and the first -payment of said lax shall yiiliout alteration in. or i ' made twelve months ofier said bank slutlJ I nvecouinien- dollarseach; and that far the purpose of receiving subscrip tion for oni'd stock, books shall bo opnned on the first day of Comity Court of Cuuiheil ind, viz i I, A. li., do solemnly swear (.or Februarv. one thousand, e hrhl hnfidrcd and forty-nine, and I ) 0 . R . V recoru,-i remain ontfti for the snaco of sixfr dafs. at Fuvettevilte. mi-1 erasure oH'ths traiTsaclions W illis "Tioird r dertho; !snieriritendenca of the follawinrr nersoiis. or a ! H 'nk of Fnyelteville, hi a book to be kept by muorifv oflhoai;- vizJ Jamed Kvle. lleurv Siflv. J .11 ! purposed The said corborati'o'n shall nurchase 'and place WecToTTof "tnet1??''-rtrraTF-lis". ----- - ma for iliatT . 'gee.'- 12. Iff it further enacted 'Tknl-tlw directors' of said hank "mnynrteelnro -semi aimntill rliti!ends of the profits hold onlv stieh thfiiocf ; and if at auv time more tluiu'the reafproiiis are : . . . ; .. )tf. 1 . .. . ' . . . ... . . s and midenhc"snrfiufeiideiico of suctiftersbhs': asl WMUs, twienumts,; nr,nts-m hcrcditn.iHiits-TrS''tifl t-r.riy"r,-, '" Uinctor asspi ting UftrtoMiall he respwistt.ie, soid ?oiiiniissiohcrs may direct. jT(:u.rel lat. tho conveiuent ..transaction of - its business, or sjtall. .""''r privnta- fapncim s to crcduors 'Who have chums n- Sac. 2. Be it further enacted, That one-tenth of pacli H,-aV'.l'eetT ' bona fide mortgaged to' it.bjr. way of .sef-'t' fi'y,"or g-' 'n said in-tttntioii. - . " " slnivs shall be paij in gold or silver or their. .equivalent, to conveyod'o it ju satislactioti of debts pieyittiif ly contracted i "vr- l3- . lie further enacted, That the President of this th i onmii-ssiooRrti nhm-fl tmmml m ih limn nf fiiitwriliincr-' in llio course of its dealings, or purchased at sole nrmn iitdff-! bank shall in th first well in ptTml-cr,. in tu b a id ev- th tt nii'itlwr tenth shall ha paid within ihiuv days' thereafter -i nients, wiiich shall have been obtained I A r. such debts. Theory yar, Iraiismil to the General Assembly n fMll stiitetneiit , tint another tenth shall he paid within sixty days; that nti-.!11"1 forpor.i i.m sliall neither directly nor indirectly trade in -'M t,w condition, oi ihe bank, exhibiting iro-amr'unt of cap other tenth shall teVt'h shill be au l nut tho See. 1. r.e il 'marled ly Ihi 'GmeraliHtBcmlly nf Ihlf Slult nftJSitnlh I'artdiud, aud it it hereby rvtit'ltd iij lbs . aulhorihj of the Manic, That John I. Jones, Thomas On 11 caii, Uenj.urmi S. Peny, Wichael .V A rend-"!! 1 Malnclii 11. Ilolieson and .losiah R Hull, -fit th j town oI-'llAaufortOnr --' fe'e'l Coii'trfy'J'ind'JtiThVs Jerkin", Muses V. Jarvisnn'd John lll-ickwell, titho torn ot Newbern, (Jravert County, bi and th y arrj hereby ap- pointed e.Iinmiss.on(rs to op' n books in said t vwn. for thfl ' purpose of receiving subscriptions lor the clearing out and 4 iruproveinent of Clubfoot ami JlsrlowXCreck CT'taJ.;. and itiftt Xvli'tfuf Ver three IhotTsiinrl dollars shnll he rtlbficrtbed by ' -solvent individuals, the subscribers thereto, shall' he incorpo-' t'iilirl ji.l 1 1 fi firiirvmtr hir I lirt liftm, finrl ttttrtn iC llirf'1. il f....''. said ba..k. or any C-slii.-f thereof, kroutug the Sm,eio bu;Jnl flid J)irec;nrs 0 tt(, Clll)foot n,fd nr0ws Creek ' hat nninesHftH ho cnpabloln raw shall have succession, nnd 0 com ' f holding ClLd-foot and I far-5 - Ijoiuuig tieccssaty for tjic p'-ir-- may mako.nll sncirbydaws," ...- 1 . 1.. ..-t 1 ...t.i: .1... r .e .t. . .! 11111:9 nnu it-a;Miiiu'ii imi iiila'Ijisu-hi niuj iauni'1 llin SlwtiJ.tr of tho 'United States, ns shall ba necessary for th fOii'luciii'V lliii films of. said rompaoy. 1 : Sec 2 And be it further tttac ltd, TJiat whmeycT thrr " ihousand dollars haVe been suliicrtbrd by solvent individu- ' nls. it fhall be the duty of the commissioners afoft'Ehid to . give thesiihscril ers twenty days notice to assemble nt soru'i 1 1 . 1 1 rni.Armhi.i n .Tuttr lit... f ' I.l (liutr nl.ii.Ai! itil it.f.vnt I i li.l in ,r tl.j'...1 t'iv, ;f V1-1I "111 rl nr 11 11 1 li. 1 i"i iiiuiii.1' . uinj. II" d-iliui Sli HI I IVUi'll (I 1 -' ill n 1 11 iiim i n ,1. 1 1 1. n. 1 1. ,., 1 . 1 . . . 1 1,mrlil ftnd lV t to contain llio tiroeeedingj of ill's Inxiid ol tliieclors. ; any other body politic ners.tn or risnns; eveiy such pcr-ti4r B1 nll(i ii,,- ,i , ' .1 - .1 1 . 1 1 f -t ' . I. ni.i.. 1 . e r 1 .11.:... .1 r ....... 1 " '"r "' ' "I miuiQ 01 1 :10s:) present, ipc uam auu uny in ncn meet- j kii-ui ue ueeuieii triti.iy 01 i.-noy, nui oi-ina m-fyti i-ou- n0J1 .j . s'jttu lie cupablo (jiiirl snail recoriMhe yeas anuttays op. any question, victet: ityxuto course.t law, fihaii lie tinprtsoiieti, 1101 ex-1 ows rr, Cl nfifl )(p landi a 'it asked fir by a d,i:'cetor. This hook shiill.lw evidence 'cN-thng ten years, and fined not excelling five thou-innd; r , ,.!..', 'ri .IHI . " t . 1 II -' ' ' l-i-'-J I :'tr.iAU---Be.i further tnnc'rd. That th"l the Presi dent or Cashier of said Hank 'shall anntiiiHy ay into.ihe hall beipuid within ninety days; that another c!iCCVl of exchange, promissory notesj and tofrs iii circulatfon, deb's - duo : to other banks and to paid within one' hundred and twenty day 1 hinds cxprcadng omhe face'f them to be negotiable nmlj'wli,, auks'deposiiednnd all ,Mher particulars neccsaty remainder shall ha paid ns 'tho President inj'! tviyal.de at said hank, gold or silver bullion, or in the c.ilc exj)lnin thedel jt sidenf the nccontu; also specie on hand, if any subscriber shall but ' to pay any i'lstahnent at thoj u ::ileeju'd m die u liiii'M-lipulated, ho shall p:iy interest thereoti iit the -rnto ' dne of its hndv ix r cent, per annum, and his stock shall ho foTfejied. i da United Staler ,..i .ur..' t... :.Iri i::v .7: . 1 .1. i . :. , . ' .t.,.!i ....1 . 1 ... Dirt ch.rs 'hereinafter provided to he elected may direct and i d" troods really and -truly pledged for money lent and hot notes of other hanks nnd what banks, MUs'of exchange, d br ue ) I) tit 1 in III "nous Willi II hllii uc t)e pro- 1 " 'i"o nnu uuira ui inim'-ii, p i' i 11 y inn ni vii" iichi dvnmit certificnics,' and llic public debts ofjnnw,,nt 'due from slockholder, and in mioiher the amount pi-orhfcd, tho invostrnerit in such stock j due from d :ec'or, no', however, using any person's name in 1113 half of the capital stock of this bank; . 1 cither c: i o d the real estate. said corporation lake more than nt a ru 1 Sec. 14 , He it further enacted, That -if, any President, ami may be sold by tfio Da'nk. find thu'Drocoeds npnlied to i b.'iil not exceed on Hie iviv.inent o . ie n .usa.n Ue icicnt . insin nidit : nud Uni iennri suaii uiv saiu cr noratiou uikc. more man ni a ru Bee. 14 lie it fur he? enacted. T tat r anv shall ( iveld responsible for tins same nt tho option of t!tclflfi percent per annum, lor or upon. its. Uans7md dis, Cashier, clerk or oiher' r.fiicerof the aforesaid bank," shall an lbt halance, U ajiy-, ol such sale, to be paid over "nuns, wnicii inieresi may im laKeu in aa-vnnce at ine iiintj ktiowjnmy, wili"gly a id wtHi llt'ehl to ticfeive, innKe or t. the said tsubscMbcr: i'mrtdrd, that no dividend shall lie f discount,, Tho total, amount of,the debts whicli said cor-i cause loltc marhor conhive at making any filse return, declnroil uiiH't'ihe whold tmintint of stock subscribed shall .! P 'fation shnll at one time owe, shall not exceed fwicn tin n- ssjatemCnror exhibit of the ! conditi'-n of the IJaiiK 4'lther to :;... i ..-i.J... ..' .i .. . . iHiu'iir g;iu r-BMvrr,' r ineir cpuviiujui' -. ... m i &Je7 3.! Be V ptTihefciinntid 'J'hnt when two thonsand ' hrestire subscribed, and the sum of twenty five ihonsatid dollars is.acfiially paid to" the comtnissiouers, the suhscri ' ucrno me sata nauKj tin ir successors auu assigns snail te, and th y iifdbcreby" eientfd a hi niy politic. In 'law and in fcl, l)yiliH4iam and blyle of Tlie ILmk of P.iyotteville;'! and shall fiocwiitittiiij Until th first day of January, one ?bii.ptd, tiighl huiwiod "id svwiiy.five; jitd by the name andsiylc aforesaid liny shall t, and 'hey are hereby made oble mid capible jn law, to have, purchase, iQceive, possess, mount of the stock itCMinlly paid in over and nbovn the sum 'the. Treasurer ol the Slate, to the l-ffis!atuie or in tho board then actually deposited in the hank lor safts keeping f,a !of directors or to the stockh'olders, or to any oiher person vacancy, in. Ilie directory shaTl occur, by death,' resrgtiation tar J-ersons that may be. authorized by the'IiegMalnre or by a iL a I a I, .1 "... . . . 1 M Ml' .1 I . .11 . , i , : . 7 . . a lit, (tirec aiding .or to and oi vine.'wt'., '"I" lenininiii uirecmrs sunn nn surn vacancy : (lie siorKiioiciers to receive the same, such rresuie unfit tlio'.'Viicce'b lmg hhnti.il meeting Vf'tnti stock? '"tiers far!,'Tbhiftr:ctfk rir'o'bcr ofilcer; firid'nll'iyrsnns 1 he stock of the s-ud corporation slmTI fa nsir " f and j abating in such deception or false relnrn, shall 1e liable trsnslerrat. e, according lo in rnlei which shall be instim- be. indicted fur a mileninrtr. In the Stinenor'Conris-. I ' "- -,'., " Y -"-'."I - T ted in that tehalf by the laws and ordinances of the same. The officer at the '.head of -ihe TreitMiry department of the State shall be furnished once in sif months, whhwa state mcnt of the amount of capital stock of 'said corporation, nnd convenient folacei and nt said Tneriinsrthe sut)scribcrst;ha1f elect ri Piestdtuit nnd five dirdois, for the mangenient'oi,: 'he .'iffairs'of s-tid company, who shall hold their offices fol one year and un'il the noxr nrjnual meeting of the f!ix:khoJ ders, -Mjiicli meotieg shali take placo once at least it each year; and at all nieetinss of the stockholders cacti stockholder shall be'-cniitled to vote accoiduij to tlitt num. her of .hnr(s he umy own in the proportions MloM'lng,vi. for one, shure and not moro than two. Sne vo'c ; for every" two above two, and not exceeding lenijou -vnl.t ; .snd for evety eight7 Shares tierntier, one vote j provided always, that in nil 'mf itG'" of the stockholders tlio p-rson rcpra : seining 1 1 ie State shall be .entitled to ao cipial numbei of vol s with lh slnc'-holders pret t " . .,n ' See. 3. Iff if ' further enacted, ' That the capital slock" t ol his Chihf. ot find Harlow' Creek Caind Company shall ' consist pf isix thonsnnd dollar, divided int shares of on hundred dollfltM rn h audJih) President nnd ilnrciors oj, said company shall issue certificates of .stock to the sub' scribers thereforas they nre severally entitled. ' m See..4i Be ii further .mnfttd, That to constitute tnf meeting of the st-ickhotfjef of thecoinpjuy i.croiri cra'ed, a mn'orttyof all the voles which -could Im given upon nil ! the shares shnll lm present, ithr in person or by proxy, 1 nnd notice of such meeting shall Ibw givpn io he Governor nt least twenty day nnsvkwflt to the ihri of roeeting.' - S"C 5' Be it f'i'rjher enacted, That if any stoekholdcf shnll fail to pay his stihserip'ton as irqiiped by 'he Presi. , dent find din-dors n'otesaul,' wSihiii "one month of the tjm Pacified, it "hall and may lawful for th" President and Director to sell at pub! in anct inn and irveonvey to th pur.-;- upon convicnon, shall l.ped nt tho discretion, ol the court, cj,wr the share or shares of -uch storkl'olrh r so f ling ; a.idlmpilsOlidr.omcT -InsrctlO fcu:rrr''"'-"Zr? nuJ U tt.e saidsss: sbun nof pmduce ihesnmlrq-ufed To.! advanced w.uh all the charges, then the rr"st(Jcut nnd Oi rcctors may rccorcr the Ijnlanco from the original proprietor See. 13. . lit it further tnacledr That lFHM'cr ihe Lreisla ture roity be ol opinion (but the Charter of incorporation, V. rf ... .' '"" . ' "' '..."J - .if : Zlli. iW jT''". v .-tt.,.ri."k, jJM.Zk.VSkSfiSt. M.11 i i tu. I - Sv 4. i ; il- i; . T tr- " "(" i t4 ' 1 ----- ii . - ft ... II "fr -4"i . J ! i i r: j ; LI. 1
The North-Carolina Star (Raleigh, N.C.)
Standardized title groups preceding, succeeding, and alternate titles together.
Feb. 28, 1849, edition 1
1
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