The General Assembly of North Carolina do enact:
Section 1. Whereas C. B. King, C. L. T. Fisher, George W. Watts, G. S. Watts and L. A. Carr, by articles of agreement under their hands and seals, did on the 14th day of January, 1897, set forth before the clerk of the superior court of Mecklenburg County as follows:
State of North Carolina,
Articles of agreement made and entered into this the 14th day of January, A.D. 1897, by and between the parties whose names and seals are hereby subscribed, for the purpose of forming a corporation under the laws of the State of North Carolina, Witnesseth:
THE CORPORATION NAME.
The name of the corporation shall be Elizabeth College Company.
THE BUSINESS PROPOSED.
The business proposed is the carrying on and conducting a female school and college for the education and instruction of white females.
THE PLACE WHERE IT IS PROPOSED TO BE CARRIED ON.
The place where the proposed business is to be carried on is in the city of Charlotte, or near thereto, in the county of Mecklenburg and State of North Carolina.
THE LENGTH OF TIME DESIRED.
The length of time desired for the existence of the corporation is thirty years.
THE NAMES OF THE PERSONS WHO HAVE SUBSCRIBED.
The names of the persons who have subscribed are C. B. King, C. L. T. Fisher, George W. Watts, G. S. Watts and L. A. Carr.
THE AMOUNT OF THE CAPITAL AND THE NUMBER OF SHARES AND THE AMOUNT OF EACH.
The amount of this capital of this corporation shall be seventy thousand dollars, divided into seven hundred shares, being of the par value of one hundred dollars per share.
That the first meeting of the corporation shall be held in the city of Charlotte, North Carolina, on Thursday, the 4th day of Feby., A, D. 1897, at one o'clock P. M., at the office of Clarkson and Duls, No. 4 law building, in the city of Charlotte, North Carolina aforesaid.
In testimony whereof the said subscribers have hereunto set their hands and affixed their seals this the 14th day of January, A. D. 1897.
C.B. King [Seal]
Witness: C.H. Duls
George W. Watts, by C. B. King, att'y in fact [seal]; G. S. Watts, by C. B. King, att'y in fact [seal]; L. A. Carr, by C. B. King, att'y in fact [seal].
Which said articles, having been duly proven, filed with said clerk, recorded and certified to the secretary of state, under the seal of said court, such certified copy was, on the 16th day of January, 1897, duly filed and recorded in the office of the secretary of state.
And, whereas, letters patent under the great seal of the State have been duly issued, declaring such persons signing such articles of agreement a corporation for the purpose and according to the condition of said articles, which said letters have been duly recorded; now the formation of said corporation, and all acts of said corporation in pursuance of, and in accordance with, said articles of agreement, are hereby in all respects ratified and confirmed, and said corporation is hereby declared and is granted all the powers and rights, and to be subject to all the liabilities conferred and imposed by law on corporations formed before a clerk of a superior court of this State, together with such additional powers, and rights as are in this Act contained.
Sec. 2. That said corporation shall have perpetual succession, may have and use a common seal, which it may alter at pleasure; shall be capable in law to sue and be sued, implead and be impleaded in all the courts of this State; to take, demand, receive, hold and possess all lands, moneys, goods and chattels as natural persons may do under the laws of this State, by purchase, gift, will or otherwise, and may convey said property absolutely, by deed or by way of mortgage or deed of trust, as the corporation may determine; to elect in such manner as it may determine to be proper all necessary officers, and to fix their compensation and define their duties and obligations, and to make by-laws and regulations, consistent with the laws of the State, for its own government and for the due and orderly conducting of its affairs and the management of its property.
Sec. 3. That said corporation shall have and is hereby given the power to maintain and operate at or near the city of Charlotte, in the county of Mecklenburg, a college for the liberal education of white girls and women, and for these purposes shall be and is hereby authorized to do all such acts and make all such contracts as may be proper and necessary.
Sec. 4. That the said corporation shall have and is hereby granted power and authority to confer and award all such distinctions, honors and degrees as are usually conferred or awarded by any of the colleges or universities of the United States.
Sec. 5. That said corporation shall have, and is hereby granted, power and authority to erect and construct a system of drainage and sewerage from its lands in the property of the High land Park Company, near the city of Charlotte, over and through the public highway leading therefrom, to the sewers of the city of Charlotte, at their nearest joint, and to connect therewith.
Sec. 6. That the deed of the county commissioners of Mecklenburg county, North Carolina, executed by them to said corporation, dated the 11th day of February, A. D. 1897, signed by its chairman and the seal aflixed by its clerk, closing the road through what is known as "Torrence Grove," and granting the road through said grove to said corporation, and changing the road to run around and not through the grove, so that the college grounds may be private, is hereby ratified and affirmed, and the road known as the extension of East Trade Street, straightened, shall be and is hereby changed as not to run through the said grove as contemplated, but run around the grove as agreed upon by the county commissioners for Mecklenburg County. North Carolina, at their February meeting, A. D. 1897, and the road as changed shall be fifty feet around the grove, and as agreed upon by the said county commissioners and fully set forth in a deed dated the 11th day of February, 1897, executed by the "Highland Park Company" to the board ot county commissioners for Mecklenburg County, N, C. That this change of the road as made by the county commissioners of Mecklenburg County, N. C, shall be and the same is hereby declared to be valid without any further action of any other body or corporation.
Sec. 7. That all laws and clauses of laws in conflict with this Act are hereby repealed.
Sec. 8. That this Act shall be in force from and after its ratification.
Ratified the 25th day of February, A.D. 1897.
Daniel L. Russell, Jr., Governor
State of North Carolina,