North Carolina - Acts on Education Topics

An Act to Incorporate a Female College, in the County of Anson.

1848-1849 - Private Acts - Chapter CXIX

Laws of the State of North Carolina Passed in 1848-1849 - Pages 259-261.

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 William G. Smith, Joel Tyson, Sr., David C. Lilly, Stephen W. Cole, William Watkins, William Little, Christopher Watkins, James Clark, David Carpenter, John Winfield, John S. Kindall, Samuel W. Burns, Thomas Kindall, Joseph White, John B. Cottrell, James Dumas, Henry Deberry, Hezekiah Hough, Benjamin Dunlap, Joseph Dunlap, Benjamin F. Ingram, Jeremiah Ingram, Eber Ingram, William P. Jennings and Alexander B. Smith, and all others who are or may hereafter become stockholders, be, and they are hereby constituted a body politic and corporate, to be known and distinguished by the name of the "Carolina Female College," and by that name shall have perpetual succession and a common seal; and shall be invested with power and authority, and be capable to sue and be sued, plead and be impleaded, either in law or in equity ; and to acquire, receive, hold, possess, enjoy and sell both real and personal estate; and shall have all other privileges and powers, to which corporations of the kind are entitled.

Sec. 2. Be it further enacted, That said college shall be under the management of a President and board of trustees; and that said board of trustees shall be constituted of all the stockholders or their assigns.

Sec. 3. Be it further enacted, That a majority of the stock shall constitute a quorum for the transaction of business, each share being entitled to one vote; and that the stockholders, their successors and assigns shall have power and authority to appoint all such others as to them shall seem necessary, and to make all such by-laws, rules and regulations for the government of said college, for the preservation of good order, and for the sale and transfer of the stock, as to them may seem expedient and necessary, not inconsistent with the constitution and laws of this State and of the United States.

Sec. 4. Be it further enacted, That the stockholders a majority of the stock being represented, shall elect a President, who shall hold his offlce for such time as shall be previously provided by the by-laws of the corporation.

Sec. 5. Be it furthr enacted, That the capital stock of said college shall not exceed twenty thousand dollars, in shares of one hundred dollars each; and that the land on which said college shall be erected, not exceeding fifty acres in quantity, and the improvements thereon, shall be exempt from taxation.

Sec. 6. Be it further enacted, That the President and the faculty, with a majority of the stock of the trustees, shall have power to confer degrees or testimonials of merit on such as by their literary requirements may deserve the honors of their institution.

Sec. 7. Be it further enacted, That this Act shall be in force from and after its ratification.

Ratified 16th day of January, 1849.

Charles Manly, Governor
Robert B. Gilliam, Speaker of the House of Commons
Calvin Graves, Speaker of the Senate

Office of the Secretary of State, April 1849.

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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