North Carolina - Acts on Education Topics

An Act to Amend an Act Passed by the General Assembly, at the Session of 1838-'39, Entitled "An Act to Incorporate the Trustees of Greensboro' Female College, in the County of Guilford."

1866-1867 Private Laws: Chapter XLVI

Private Laws of the State of North Carolina Passed in 1866-67 - Pages 300-301.

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 said Trustees be and are hereby authorized and empowered to form a Joint Stock Company, by converting such a portion of the real and personal estate belonging to said corporation, as they may deem necessary, into capital stock, and also to issue certificates of stock in said corporation, under such rules and regulations as may be adopted by them, (with the power to issue such certificates of stock in redemption of the present indebtedness of said corporation,) to the extent of two hundred thousand dollars, consisting of shares of fifty dollars each; and they are hereby clothed with authority to make sale of such certificates of stock, with the understanding that said Trustees may redeem such certificates by refunding to the purchaser the cost price thereof, with interest thereon from the time of purchase until redeemed, at the rate of six per cent, per annum, subject to a reduction of any dividend which may have been received by such Stockholders upon his certificate of stock aforesaid.

Sec. 2. Be it further enacted, That this Act shall take effect from and after its ratification.

Ratified the 13th day of February, A.D., 1867.

Jonathan Worth, Governor
Rufus Y. McAden, Speaker of the House of Commons
Joseph H., Wilson, Speaker of the Senate

State of North Carolina
Office of Secretary of State,
Raleigh, April 4th, 1867.

I, Robert W. Best, Secretary of State, do hereby certify
that the foregoing are true copies of the original Acts and
Resolutions on file in this office, as passed by the General
Assembly at its session in 1866-'67.

Robert W. Best,
Secretary of State

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