North Carolina - Acts on Education Topics

An Act to Incorporate Glen Anna Female Seminary in the County of Davidson.

1854-1855 Private Laws: Chapter 59

Private Laws of the State of North Carolina Passed in 1854-55 - Pages 6-7.

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 Charles F. Deems, Joseph B. Shelton, William Closs, Burwell B. Roberts, H. T. Hudson, 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 "Glen Anna Female Seminary," and by that name shall have perpetual succession and a common seal, and shall be vested 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, 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 seminary 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 those holding a majority in interest 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 fix their annual and other meetings, to appoint and elect all such officers, professors and teachers as to them shall seem necessary, and to make all such by-laws, rules and regulations for the government of said seminary, 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 office for such time as shall be previously provided by the by-laws of the corporation, and said president and all other officers shall continue in office until their successor or successors shall he duly appointed.

Sec. 5. Be it further enacted, That the capital stock of said corporation shall not exceed the sum of twenty-five thousand dollars, in shares of twenty-five dollars each; that the land on which the building of said corporation shall be erected, not exceeding one hundred 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 in stock of the trustees, shall have power to confer degrees and testimonials of merit on such as by their literary acquirements 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 the 10th day of February, 1855.

Thomas Bragg, Jr., Governor
Samuel P. Hill, Speaker of the House of Commons
Warren H. Winslow Speaker of the Senate

North Carolina
Office of Secretary of State, April, 1855.

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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