North Carolina - Acts on Education Topics

An Act to Incorporate the Trustees of the Female Institute in the County of New Hanover.

1846-1847 - Private Acts - Chapter CXVI

Laws of the State of North Carolina Passed in 1846-1847 - Pages 261-263.

Sec. 1. Be it enacted by the General Assembly of the State of North Carolina, and it is hereby enacted by the authority of the same, That John D. Bently, James Kerr and Charles Henry, be authorized and empowered to open books of subscription, on the first day of March, 1847, and to keep the same open for three months thereafter, at the residence of Charles Henry; and the said commissioners, or a majority of them, shall be authorized to receive subscriptions to the amount of ten thousand dollars, in shares of fifty dollars per share, to be held as personal property by the stockholders, for the purpose of establishing a Female Institute of learning, to be located in the vicinity of Black River Chapel, in the county of New Hanover.

Sec. 2. Be it further enacted, That if on closing the books aforesaid, the number of forty shares shall have been subscribed, then and in that case, it shall be lawful for the stockholders to meet together, at such time and place as may be appointed, after due notice thereof, annually in each and every year; and to appoint twelve trustees, to act as such for twelve months after their appointment, which may be made by the stockholders owning a majority of the capital stock of said company; and the said trustees are hereby declared and constituted a body corpcrate and politic, under the name and style of "The Trustees of New Hanover Female Institute;" and by that name shall have succession for fifiy years, and a common seal; and that the said trustees and their successors, by the name aforesaid, a majority of whom shall be a quorum to transact business, shall be able and capable in law, to take, demand, receive, possess and hold all monies, goods, chattels and choses in action, that shall or may be given them for the use of said Institute, either by devise, gift, grant or purchase; and to take, hold, possess and enjoy, to them and their successors, any lands, rents, tenements and hereditaments, of what kind, nature or quality soever, in special trust and confidence, that the same and profits thereof shall be applied to the use and benefit of the said Institute

Sec. 3. Be it further enacted, That the said trustees, or their successors, or a majority of them, by the name aforesaid, shall be able and capable, in law, to bargain, sell, grant, demise, alien, convey and assure to the purchaser or purchasers, any tuch lands, rents, tenements and hereditaments aforesaid; and further, that they, the said trustees, or a majority of them, and their successors, for the term aforesaid, shall be able and capable in law, to sue and be sued, plead and be impleaded, in all courts whatsoever, either in law or equity, of record or otherwise.

Sec. 4. Be it further enacted, That the officers of the board of trustees shall be a president, vice president, treasurer and secretary, to be appointed at the annual meeting of the stockholders; and the said board shall have power to appoint a president or principal, and such professors or assistants and tutors, as to them shall appear necessary, for said institute, whom they may remove at pleasure; and may from time to time make all such by-laws and regulations, for the government of the said institute, as they may deem expedient and proper, not inconsistent with the laws and constitution of the State, or with the constitution of the United States.

Sec. 5. Be it further enacted, That any real estate over and above fifty acres, which may be needed, for the erection of convenient buildings, or other objects of the said institute, shall be subject to taxation as now, or may hereafter be directed by law.

Sec. 6. Be it further enacted, That the faculty of the said institute, by and with the consent of the trustees, shall have the powor of conferring all such degrees and marks of literary distinction, as are usually conferred by institutions of the kind.

Ratified 18th of January, 1847.

William Alexander Graham, Governor
Edward Stanly, Speaker of the House of Commons
Andrew Joyner, Speaker of the Senate

Secretary of State's Office, April 1847

I, William Hill, Secretary of State in and for the State of North Carolina,
do hereby certify that the Acts and Resolutions contained in this Pamphlet
are true copies of the original Acts and Resolutions passed by the General
Assembly of this State, at its late session.

William Hill, Secretary of State

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