North Carolina - Acts on Education Topics

An Act to Incorporate the Law Library Association, of Charlotte, North Carolina.

1885 Private Laws: Chapter 1

Private Laws of the State of North Carolina Passed in 1885 - Pages 699-701.

The General Assembly of North Carolina do enact:

Section 1. That H. C. Jones, W. H. Bailey, A. Burwell, T. R. Robertson, P. D. Walker, John E. Brown, Geo. E. Wilson, C. E. Grier, F. I. Osborne, W. C. Maxwell, T. M. Pitman, Heriot Clarkson, H. W. Harris, W. W. Flemming, R. D. Johnston, E. K. P. Osborne, their associates and assigns, be and they are hereby made a body corporate under the name of "The Law Library Association of Charlotte, North Carolina," for the purposes of establishing and maintaining in the city of Charlotte a library for the promotion of legal, literary and scientific knowledge.

Sec. 2. That the capital stock of said corporation shall be as fixed by the association from time to time not to exceed twenty thousand dollars, and the shares thereof shall be of the par value of two hundred dollars. The said stock shall be subscribed for, paid in, and certificates therefor issued and transferred in such manner and upon such terms and conditions as shall be prescribed by the by-laws.

Sec. 3. That said corporation shall have power to make all by-laws which any other library association incorporated under the laws of this State possesses and which are appropriate to such associations, and to carry out the objects of said corporation, the same not being inconsistent with the constitution and laws of this State or the United States.

Sec. 4. That the officers of said corporation shall consist of a president, secretary, treasurer, executive committee, and such other officers as said corporation may create by its by-laws, and their respective duties shall be as prescribed in the by-laws.

Sec. 5. That books of subscription for stock shall be opened by the said A. Burwell and R. D. Johnston, and when ten (10) shares of stock shall have been subscribed for they shall call a meeting of the stockholders, at which meeting the officers of the corporation shall be elected, who shall hold their offices for one year and until their successors shall have been elected.

Sec. 6. The time of holding the meetings after the first shall be as prescribed in the by-laws, and the officers shall be elected in such manner and for such terms as the by-laws may declare.

Sec. 7. The said corporation shall have power to purchase and hold such real and personal property as may be necessary for its purposes, and may sell the same or such part thereof as may not from time to time be required.

Sec. 8. It shall not be lawful to sell, convey or transfer said stock to any person, nor shall any person hold or own any part thereof except in accordance with the provisions of the by-laws of said corporation.

Sec. 9. The corporation shall have power to levy assessments upon members for purposes of increasing the library and for such other purposes as may promote the objects of the corporation: Provided, however, the assessments upon each share of stock for one year shall not exceed fifty dollars: And provided further, that no assessment shall be made except by a two-thirds vote of all the stockholders. The corporation shall also have power to prescribe and collect dues and to impose fines and penalties upon members for any breach of its by-laws and regulations; and to secure the payment of assessments, dues, fines and penalties, the same shall be a lien on the stock of the delinquent, and said stock may be sold under such regulations as shall be prescribed in the by-laws, and the corporation shall have a right to purchase the stock at such sale.

Sec. 10. The corporation shall have power to admit new members from time to time, and to sell additional shares of stock to them upon such terms and conditions as the by-laws shall declare: Provided, that one share of stock shall entitle the holder to full membership, but no person shall be entitled to the privileges of membership in said association or be deemed a stockholder therein who does not own exclusively at least one share of stock of said corporation.

Sec. 11. That said corporation shall exist for the term of ninety-nine years.

Sec. 12. That this Act shall take effect and be in force from its ratification.

In the General Assembly read three times, and ratified this the 13th day of January, A.D. 1885.

Alfred M. Scales, Governor
Charles M. Stedman, Lt. Governor and President of the Senate
Thomas M. Holt, Speaker of the House of Representatives

State of North Carolina,
Office of Secretary of State,
Raleigh, May 18th, 1885.

I, William L. Saunders, Secretary of State, hereby certify
that the foregoing (manuscript) are true copies of the
original acts and resolutions on file in this office.

William L. Saunders,
Secretary of State.

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