North Carolina - Acts on Education Topics

An Act to Incorporate the Franklinton Military and Classical Institute.

1889 Private Laws: Chapter 170

Private Laws of the State of North Carolina Passed in 1889 - Pages 805-806.

The General Assembly of North Carolina do enact:

Section 1. That S. C. Vann, J. S. Joyner, W. L. McGhee, H. C. Kearney, I. G. Staunton and N. Y. Gulley, their associates and successors, are hereby created a body corporate and politic by the name and style of the "Franklinton Military and Classical Institute," for the purpose of maintaining [a school] in the town of Franklinton, Franklin County, North Carolina, for the military and classical training of white males; and by such name may acquire, hold and convey real and personal estate; may sue and be sued, plead and be impleaded in any of the courts of this State; may contract and be contracted with; may adopt a constitution and by-laws, and may alter or amend the same as they may deem necessary and proper from time to time, for the government of the affairs of the corporation; and enjoy any and every right and privilege incident and belonging to corporations according to the laws of this State.

Sec. 2, That the governor shall be empowered to grant a commission to the principal of the aforesaid military and classical school: Provided, the rank so conferred shall be no higher than colonel; and that the governor be empowered to grant commissions to such other officers of the said school as may be recommended by the principal: Provided, the rank so conferred shall be no higher than major; and only such officers shall be recommended by the principal as are essential to the efficiency of said school.

Sec. 3. That officers commissioned as herein provided shall take rank, according to the date of the commission, with officers in the line of the North Carolina State Guard.

Sec. 4. That the capital stock of said corporation shall be seventeen hundred and fifty dollars, with the privilege of increasing the same to ten thousand dollars, divided into shares of fifty dollars each.

Sec. 5. That all property belonging to said corporation shall be exempt from taxation for State, county, town or any other purpose.

Sec. 6. That the stockholders of this corporation shall not be individually liable for the debts thereof beyond the amount of stock owned by each.

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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