North Carolina - Acts on Education Topics

An Act to Incorporate Graham School, Alamance County.

1889 Private Laws: Chapter 132

Private Laws of the State of North Carolina Passed in 1889 - Pages 755-756.

The General Assembly of North Carolina do enact:

Section 1. That James S. Scott, Samuel Crawford, Robert L. Walker, William C. Hornaday, Robert A. Noel and John W. Harden, their associates, successors and assigns, are hereby created a body politic and corporate under the name of "Graham School," with a capital stock of one thousand dollars, with liberty to increase the same from time to time to any sum not exceeding ten thousand dollars, to be divided into shares of twenty-five dollars each, and to have the privileges and rights hereby specially granted and also those conferred on corporations by law.

Sec. 2. That said corporation is hereby empowered to acquire by gift, purchase or otherwise, real property in or near the town of Graham, in Alamance County, North Carolina, and to hold the same in fee, and to erect buildings thereon, and furnish the same, and conduct and carry on a school for the education of such pupils as it may admit thereto, and to employ teachers, and to do all things necessary to organize and conduct a school in which the branches of learning taught in the schools and colleges of this State may be taught. And said corporation shall have power to sell and convey in fee any real property it may acquire when it shall be considered by it no longer useful for the purposes of the corporation, and shall have like power with respect to personal property; and it may also rent or lease its property for school purposes.

Sec. 3. That said corporation may at once open books for the subscription to the capital stock of said corporation, and whenever forty shares are taken the subscribers thereof may organize said corporation and elect a president and secretary and treasurer, and such other officers and agents as they may deem necessary.

Sec. 4. That the business of said corporation shall be managed by a board of directors of not less than three nor more than seven, of which the president of the corporation shall be ex-officio chairman.

Sec. 5. That the officers and directors shall be elected by stock vote, and shall hold their places for such times, and have such powers, and perform such duties, as may be prescribed by the by-laws of said corporation.

Sec. 6. That the stockholders of said corporation may adopt such by-laws and regulations for the government and proper conduct of the corporation and its business, not inconsistent with the laws of this State and of the United States, as they may consider best calculated to serve their interest.

Sec. 7. That this Act shall be in force from and after its ratification.

Ratified the 9th day of March, A.D. 1889.

Daniel G. Fowle, Governor
Thomas M. Holt, Lt. Governor and President of the Senate
Augustus Leazar, Speaker of the House of Representatives

State of North Carolina,
Office Secretary of State,
Raleigh, June 6, 1889.

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

William L. Saunders,
Secretary of State.

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