North Carolina - Acts on Education Topics

An Act to Incorporate the Anson Institute.

1854-1855 Private Laws: Chapter 60

Private Laws of the State of North Carolina Passed in 1854-55 - Pages 7-9.

Whereas, the persons hereinafter named have formed themselves info an association for the purpose of establishing a male high school in the county of Anson, in the vicinity of Wadesboro' to be called the "Anson Institute," and have each agreed to contribute certain sums of money to that object by a subscription taken for that purpose; therefore,

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 the following persons above referred to, namely, Alexander Little, Walter R. Leak, Hampton B. Hammond, Thomas S. Ashe, Walter G. Jones, Johnson R. Hargave, Purdie Richardson, George W. Little, W. C. Ramsey, Lemuel B. Bennet, Nathan Beverly, Hollum Sturdivant, Carey Bennet, Townley Redfearne, John Roscoe, Thomas S. Little, James Plunket, Wm. P. Kendall, Martin Sigman, Alfred Buncomb, Patrick J. Coppedge, Duncan McGreggor, Thomas J. Polk, Thomas Robinson, James Baggan, S. S. Arnold, Earle Cooley, John Grady, Edmond Hutcherson, Albert Myers, Joseph P. Smith, Edmond F. Lilly, A. E. Bennet, Jesse Edwards, James C. Caraway, William C. Flake, Joseph J. Cox, John Boylan, A. C. Moore, Alex. McRae, Lucius R. Legrand, James A. Leak, E. L. McLendon, Malcolm Shaw, John Stacey, W. Huntly, Wm. H. Glass, B. L. Henry, M. L. Austin, Joseph Sullivant, David Tilman, James T. Streater, Joel Gaddy, John Pratt, Tilman A. Bristal and John M. Mason, and such subscribers as are hereinafter provided for, shall be, and they are hereby declared to be a body politic and corporate, to be known and distinguished by the name and style of the "Anson Institute," and by that name shall have succession, and so continue for the term of thirty years, and have a common seal, and plead and be impleaded, acquire, hold and transfer property, real and personal, for the use of said institute.

Sec. 2. Be it further enacted, That the capital stock subscribed as aforesaid shall be divided into shares of twenty-five dollars each, and in default of any of the stockholders to pay the amount subscribed by them as aforesaid, or any part thereof, the trustees of the institute, in the corporate name of said institute, may recover the same by an action of debt or case against any such person before any court having jurisdiction of the same.

Sec. 3. Be it further enacted, That at any time after the ratification of this Act, any five of said stockholders may call a general meeting of the stockholders at such a time and place in the county of Anson as they may think proper, and at such meeting, if it shall appear that a majority of the stock is represented, either in person or by proxy, an election shall forthwith be held for seven trustees of the institute; and in said election each share of stock shall be entitled to one vote, and the trustees so elected and their successors shall be invested with all the executive powers of said corporation, and in the corporate name of the institute maintain and defend suits, give releases and acquitances, fill all vacancies in their board from among the stockholders, employ one or more teachers, elect a president of their board, appoint a treasurer, who shall give a bond with good security, to be approved of by the trustees, or a majority of them, payable to the Anson Institute, in the penal sum of three thousand dollars, upon condition that he will safely keep the funds of the said institute, and disburse the same agreeable to the orders or directions of the board of trustees, establish such by-laws, rules and regulations for the government of the corporation as they may deem proper, provided the same are not inconsistent with the constitution and laws of this State, or of the United States, and all other acts and things incident to bodies corporate of a like nature.

Sec. 4. Be it further enacted, That the trustees elected in pursuance of the preceding section shall hold their office for and during the term of one year, or until their successors shall be elected; that for the purpose of electing trustees, a general meeting of the stockholders may he held annually within one year after the time for holding the last preceding annual meeting, and in order to constitute a quorum to do business, a majority of the stock subscribed shall be represented at every such annual meeting, either in person or by proxy.

Sec. 5. Be it further enacted, That Purdie Richardson, Hallum Sturdivant, Thomas Roberson, Walter R. Leak, Edmond P. Lilly, Townly Redfearne, and Thomas S. Ashe, shall constitute the board of trustees, and shall have all the powers vested in the trustees authorized by this Act to be appointed until the election of trustees, at the first general meeting of the stockholders, and may open books for the increase of the stock, and admit as stockholders all such persons who shall have heretofore subscribed for stock whose names may he admitted in this Act.

Sec. 6. Be it further enacted, That no person within three miles of the "Anson Institute" shall either sell, give or deliver to any student of the said institute any spirituous liquors, or any liquid of which spirituous liquor is a chief ingredient, unless the same be prescribed as medicine by a physician, under the penalty of twenty-five dollars for each and every such offense to be recovered by any person in the name of the State for the use of said institute, and all persons so offending shall also be deemed guilty of a misdemeanor, and liable to indictment therefor, and if a licensed retailer of spirituous liquors, upon conviction, shall forfeit his license.

Ratified the 15th 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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