North Carolina - Acts on Education Topics

An Act to Charter the High Point Female College.

1889 Private Laws: Chapter 254

Private Laws of the State of North Carolina Passed in 1889 - Pages 1018-1019.

The General Assembly of North Carolina do enact:

Section 1. That W. P. Pickett, F. M. Pickett, N. W. Beason, E. C. Ferabee, Dr. W. O. Jones, R. J. Lindsay, J. J. Welsh, Rev. E. H. Davis, R. C. Charles, M. J. Wrenn, J. R. Brown, G. A. Matton, L. J. Ingram, Dr. J. J. Cox, E. D. Steele, J. H. Tate, Rev. P. H. Dalton, E. H. C. Field, O. S. Causey, E. H. Snow, J. H. Willis, J. Elwood Cox, W. H. Ragan, A. C. Jones, Rev. J. B. Richardson, Rev. C. S. Farris, Rev. J. N. Stallings, Hon. J. C. Scarborough, Dr. J. A. Delke and Rev. W. F. Watson, and their successors, be and they hereby are created and constituted a body corporate and politic under the name of "High Point Female College" for the purpose of establishing and maintaining in the town of High Point, Guilford County, an institution of learning of high grade for the education of females; and by their corporate name they may sue and be sued, plead and be impleaded, receive, take and hold any and all property of every kind and description, whether real, personal or mixed, which may be contributed, donated, willed, devised or conveyed, in any manner whatsoever, for the benefit of said institution; and to sell, convey and exchange any property belonging to said institution as they may deem advisable.

Sec. 2. That fifty dollars shall constitute a share of stock in the funds of said institution, and for each share the contributor or his representative shall be entitled to one vote in all stockholders' meetings. Any stockholder may, at any time within three months from and after the ratification of this Act, issue a call for said meeting, giving each stockholder ten days notice of the same. At such meeting, a majority of the stock being represented, all business pertaining to the said institution which is deemed advisable may be transacted.

Sec. 3. That the corporators named in section one of this Act shall be divided into three equal classes; that the term of the first class shall expire at the second annual meeting of the stockholders, and the second at the next annual meeting thereafter, and the third at the next, and so on year after year; and the stockholders, voting as directed in section two of this Act, shall choose their successors: Provided, that nothing herein contained shall prevent the re-election of any of those whose time expires as above prescribed. Any vacancy in the board of trustees shall be filled at the next annual meeting after it occurs and is made known. The board of trustees may be called together at any time by any stockholder. Ten shall constitute a quorum for the transaction of business.

Sec. 4. The board of trustees shall provide a seal for said institution, with such motto and device as may be desirable, which may be changed at pleasure.

Sec. 5. That the president and faculty of said institution shall have power to award and issue any certificate, diploma, or other badge of literary distinction, and confer such degrees for proficiency in literary attainments, art, music, and other branches of education as they may deem advisable.

Sec. 6. That all the property of said institution of any and all kinds shall be free from taxation as long as used for the purposes of education: Provided, that all net profits from the earnings of the same, if any, shall be added to the capital stock and used to enlarge the facilities and usefulness of said institution; otherwise this section shall be void and inoperative.

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

Ratified the 11th 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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