North Carolina - Acts on Education Topics

An Act to Incorporate the Pitt County Female Institute.

1858-1859 Private Laws: Chapter 194

Private Laws of the State of North Carolina Passed in 1858-59 - Pages 249-250.

Section 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 Peter E. Hines, John May, James W. May, Alfred Moye, Joseph N. Bynum, Josiah Barrett, Lemuel DeBerry, Lambert P. Beardsley, Wm. J. Moye, 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 "Pitt County Female Institute," 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 successors shall be 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 or 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 17th day of February, 1859.

John W. Ellis, Governor
Thomas Settle, Jr., Speaker of the House of Commons
Henry Toole Clark, Speaker of the Senate

State of North Carolina
Office of Secretary of State, April, 1859.

I, Rufus H. Page, 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.

Rufus H. Page, Secretary of State

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