North Carolina - Acts on Education Topics

An Act to Incorporate Hominy Valley Institute.

1897 Private Laws: Chapter 118

Private Laws of the State of North Carolina Passed in 1897 - Pages 213-214.

The General Assembly of North Carolina do enact:

Section 1. That W. G. Candler, J. J. Miller, J. L. Young, P. P. Morgan, J. H. Courtney, S. C. Owen, H. A. Luther, J. B. Robberson, J. W. Rice, O. F. Thomson and their associates and their successors are hereby created a body corporate and politic, by the name and style of the "Hominy Valley Institute," for the purpose of maintaining a non-sectarian school for males and females in Buncombe County, North Carolina, 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, and enjoy any and every right and privilege incidental and belonging to corporation bodies, according to the law of this state.

Sec. 2. The officers of this corporation shall be a president, vice-president and secretary and treasurer, to be elected by the stockholders, from among themselves, annually, in the manner hereinafter provided.

The first election, under this section, shall be held on the 15th day of May, one thousand eight hundred and ninety seven, and the officers then elected shall hold their offices till their successors shall have been elected.

Sec. 3. That the stockholders of said corporation shall elect annually seven directors, who shall hold their office till their successors shall have been elected. The first election under this section shall be held on the 15th of May, one thousand eight hundred and ninety-seven.

Sec. 4. That in the election of officers and directors as provided for, and in all matters of business, every person owning ten dollars of stock in said Hominy Valley Institute, shall be entitled to one vote, and one vote for every ten dollars owned.

Sec. 5. That at their regular meetings the stockholders shall have power to make such by laws, not inconsistent with the laws of the state, as shall be deemed necessary to promote the object of the corporation.

Sec. 6. That the stockholders of this corporation shall not be individually liable for the debts of the corporation.

Sec. 7. That the corporate limits of said institute shall be five miles in each direction from the institute, and it shall be unlawful for any person to manufacture or sell or otherwise dispose of any spirituous, vinous or malt liquors within said distance of said institute; any person violating the provisions of this Act shall be guilty of a misdemeanor.

Sec. 8. This Act shall be in force from and after its ratification.

Ratified the 6th day of March, A.D. 1897.

Daniel L. Russell, Jr., Governor
Charles A. Reynolds, Lt. Governor and President of the Senate
A.F. Hileman, Speaker of the House of Representatives

State of North Carolina,
Office of Secretary of State,
Raleigh, April 28th, 1897.

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

Cyrus Thompson,
Secretary of State.

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