North Carolina - Acts on Education Topics

An Act to Incorporate the Cross-Roads Church Academy.

1899 Private Laws: Chapter 302

Private Laws of the State of North Carolina Passed in 1899 - Pages 839-841.

The General Assembly of North Carolina do Enact:

Section 1. That the present names of the institution or academy known as the "Cross-Roads Church Academy," shall hereafter be known by the same name and that D. I. Reavis, I. J. Cranfield, Y. T. Rutledge, C. B. Reavis and F. M. Banner, Charles M. Bagley, N. S. C. May, Melvin Hendrix, their successors in office be and they are hereby created and constituted a body politic and corporate by the name and style of trustees of the Cross-Roads Church Academy an institution of learning, situated at Cross-Roads Church in Yadkin County, North Carolina, and as such and by said name of such institution as aforesaid, may make contracts, sue and be sued, plead and be impleaded, have perpetual succession, use a common seal, purchase, use, hold and enjoy all real and personal property as may be necessary to advance the interest of said institution of learning, and make such by-laws and regulations and rules as they, the said trustees and their successors, may deem best, not inconsistent with the laws of the United States or the state of North Carolina.

Sec. 2. That the object of this institution shall be to foster and promote education, and to enable said institution to successfully carry out and accomplish its undertaking the trustees herein named are and shall be authorized to appoint such officers and teachers as may be necessary to serve the purpose and carry into effect the objects of said institution of learning.

Sec. 3. That the trustees appointed by this Act shall hold their offices for a term of two years from and after the ratification of this Act and until their successors are elected and qualified, and from [and] after the first two years next ensuing after the adoption of this Act, the trustees shall be elected by the stockholders of said institution: Provided, that the first election for the election of trustees under this Act shall be on the first Tuesday in April nineteen hundred and two, and every two years thereafter, and the trustees elected at each and every election shall hold their offices two years and until their successors are elected and qualified.

Sec 4. That the stock owned by this institution of learning or that may hereafter come into its hands for the purpose herein stated shall be divided into shares of five dollars each, and at each bi-annual election or at other elections held as prescribed for by the by-laws of said institution, each shareholder or stockholder shall be entitled to one vote for each share of stock owned and held by him, and at such election the stockholders may vote by written or printed proxy signed by thein.

Sec. 5. That the trustees appointed by this Act and their successors in office are hereby invested with power, on and after the ratification of this Act, to meet and organize and to begin business, shall take charge of and have charge of and hold all property whatsoever now belonging to said institution of learning and all that may hereafter belong to the same, in trust for the use of and support of the said institution of learning, and they shall give notice in writing to all persons who now own stock in the said Cross Roads Church Academy to present a sworn statement of the amount or their stock to them, the said trustees, within four months afier receiving such notice, and all who fail to present such certificate within the time prescribed shall forfeit their stock, which shall go to the institution. Upon receipt of the sworn statement of stock from the stockholders by the trustees, they shall cause the same to be recorded by the secretary in the record of the institution kept for that purpose.

Sec. 6. That the property of this institution shall be exempt from taxation.

Sec. 7. That a majority of the members present, either at a meeting of the trustees or at a meeting of the stockholders, shall constitute a quortum for the transaction of business.

Sec. 8. That this Act shall be in effect from and after its ratification.

Ratified the 6th day of March, A.D. 1899.

Daniel L. Russell, Jr., Governor
Charles A. Reynolds, Lt. Governor and President of the Senate
Henry Groves Connor, Speaker of the House of Representatives

State of North Carolina,
Office of Secretary of State,
Raleigh, April 28th, 1899.

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

Cyrus Thompson,
Secretary of State.

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